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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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.