What Is VirtualCoin (VIC)?
VirtualCoin (VIC) is a cryptocurrency created from a fork in the Bitcoin blockchain in 2011. It was initially designed to address the developer's concerns that Bitcoin was becoming too centrally controlled, and to make it more difficult for largescale mining firms to gain the upper hand in mining. While eventually unsuccessful in preventing enterprise miners from taking over the lion's share of VirtualCoin mining, the cryptocurrency has reworked itself into a minable coin and a peer-to-peer payment system.
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Understanding VirtualCoin (VIC)

One of VirtualCoin's original missions was to discourage enterprise-sized miners from gaining control of the mining process by using a different encryption method. However, miners quickly adapted their specialized machines and continued to grow their mining capacity.

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VirtualCoin TOKENOMICS

The cryptocurrency’s blockchain generates a new block every 2.5 minutes. The VirtualCoin supply is designed to reduce over time to preserve the coin's value

Token Name - VirtualCoin TOKEN
Token Symbol - VIC
Token Decimal - 18
Token Supply - 950.000.000
Network - Smart Chain
Contract Address - 0x02f6e9bdb80657e6efd580f649eef2cac583b70b

VirtualCoin Halving

Halving refers to reducing the reward given when a block's hash and the transaction information within the block are validated and a new block is created. Halving reduces the number of VirtualCoin awarded by one-half, which helps to slow down the creation of new coins.

VirtualCoin Hashing Algorithm

VirtualCoin uses a hashing algorithm called Scrypt (pronounced es-crypt). Scrypt is more memory-intensive and slower than SHA-256. But it found greater acceptance in the cryptocurrency community after the 2011 Tenebrix project modified Scrypt to work with regular CPUs for mining.