Virtualcoin is digital currency or virtual money was created in April 16th, 2014. Virtualcoin can use for fast payments and micropayments at very low cost, and avoids the need for central authorities and issuers.The Virtualcoin is a peer-to-peer resolution for the difficultys which are seen in system of virtual money. Virtualcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions.
Virtual Coin Wallet is a free online wallet for Virtual Coin X11 which you can use to make worldwide payments for free. We make paying with VC easy and secure available anywhere on your phone or desktop. We are not a bank, you retain complete ownership of your Money. You can view your balance, see your transactions or make payments to anyone. It is one of the truly unique digital currency coin that is based on Bitcoin/litecoin protocol.
VirtualCoin is the first coin to introduce a proof-of-stake/proof-of-work combination along with other energy efficient mechanisms. In fact, it is actively been developed & updates are released to enable new features, security bug fixes from time to time. Guide with screenshots have been included allow new first time users to quickly learn this free application. With millions users taking advantage of this free application, it is growing everyday. Also remind users to enable & encrypt your wallet with strong password same way you manage your bank accounts. mining & trading has also been enabled.
PoW Scrypt X11 Algo
Block targets: every block ~3 million total coins
Initial difficulty: 1/2^10 Maturity time: 4 Target Spacing: 3 mins
Target Difficulty Retargets: VGW (Virtual Gravity Well)
BLOCK REWARDS 1 : 50 2>
Block reward is controlled by: (1112.0 / (pow((dDiff+51.0)/6.0,2.0)))
Additionally reward amount decline 20% every year