Review on ViaBTC by francis fernandez
Viacoin: a futuristic and interoperable digital currency
Since the appearance of the first cryptocurrency on the market; Countless blockchain projects have emerged that aim to improve their previous counterparts in terms of functions, security and scalability.
Viacoin is a digital currency that dates back to 2014; whose initials are VIA.
Viacoin (VIA) is a fork of Bitcoin; that has characteristics that surpass it in terms of speed and interoperability.
Characteristics of the cryptocurrency:
• Allows atomic exchanges based on smart contracts that support multiple currencies and are not subject to third party control
• Contributes to the reduction of inflation due to the reduction of the reward granted to miners every six months
• Serves as a mechanism to make micro payments due to its short blocking period and its low transaction cost.
• The currency is listed in more than 8 markets
Consensus:
Viacoin uses the Auxiliary Proof of Stake (AuxPoW) protocol as a consensus mechanism for its mining; which allows it to generate applications faster than its Bitcoin parent.
Technology:
Viacoin is characterized by having a powerful and robust technological infrastructure that brings together multiple protocols under the same platform such as: Lightning Network, ApoW, Segwit, among others. These technological integrations allow greater scalability to the network.
Viacoin also has the ability to interoperate and merge with other digital currencies that use the Script computer language through the use of its AuxPoW protocol.
Pros
- Allows making exchanges through smart contracts between multiple currencies without third party mediation
- It is an open source protocol
- It is compatible with cryptocurrencies that use Script
- Low commissions for operations
- Offers speed in transactions
Cons
- Unstable value of the currency
