Review on Viacoin by Joseph Bello
A coin design for an easy and optimized payment service
Viacoin is an incredible,fast and lightening transaction coin for crypto holders .This cryptocurrency was launched in the year 2014, but since then it has been maintaining a stability in its market price except for some few occasions when the value of Viacoin rose up to above $1 and $7.1 happens to be the highest price of the coins so far (since 2018) and due to this reason I don't think holding Viacoin as a short term Investment is a really good idea because it takes time to get a good pump on the price,but keeping as a long term investment would be a better suggestion for traders who can patiently wait for a spike in the coins price before selling off. The coin got its root from Bitcoin's innovation and so it has no other specific use than to create an efficient payment gateway that is far better than what Bitcoin has to offer,and it even generates new blocks every 24seconds which sounds really interesting . The Viacoin can also be mined just like BTC,so miners can take part in the mining activities to get rewarded with the coin. Viacoin uses what is know as an AuxPOW protocol,this allows miners to mine two different blockchain simultaneously and instantaneously and it brings them more rewards.
ο»Ώ
Pros
- A fast payment gateway
- New blocks are generated every 24 seconds
- It uses an AuxPOW protocol
Cons
- It takes a long time for the coin price to rise
