What is version Coin?
The Coin version is a very rare cryptocurrency that does not allow mining prior to the release of the token, thus offering a high level of fairness to users. Version is a project of a single developer and should focus on the fairness of distribution. Here, the developer has previously been able to gain experience in the context of other crypto projects, so that in particular the focus on an optimized walletas well as a good infrastructure could be set. In addition, the classic premining and the initial coin offering was dispensed with, which is used in the context of other crypto projects as a typical method for the publication of the token.
Read Also : What is Joincoin?
Read Also : What is Vsync Coin?
Read Also : What is ZoZo Coin?
Version Coin – Mining
An important role – to preserve the functionality of the token – takes the mining . Both the proof-of-work principle and the proof-of-stake principle are used. The proof-of-work principle uses the well-known SHA-256 algorithm. This allows the completion of blocks by means of a hash function. Personal computing plays a particularly important role here, as miners must find a nonce that matches the current difficulty. On the other hand, this depends on the current computing power and adapts to the current computing power after every completed block. As a reward, the developers have defined a bonus of two tokens. The defined block time has been set to 60 seconds.
Read Also : What is Oyster Pearl Coin?
Read Also : What is Pure Coin?
Read Also : What is Renos Coin?
Furthermore, the proof-of-stake principle is used, which provides for an annual inflation of 60%. This initializes the mining by opening the wallet. However, miners must be aware that around 5 tokens will be distributed after each block close. In addition, a new block is completed every 90 seconds. A particularly important role in mining is taken by the Vault Walleton. This is available for different operating systems. Basically, Windows, Mac and Linux are supported. In the future, mobile operating systems will also be supported. In addition, the developers have provided a compatibility for Raspberry Pi, so that the community can be an expandability of the available wallets guaranteed. All information about the mining will be published on the homepage of the developers.
What is the current market capitalization of the Coin version?
The Coin version has been trading on the crypto markets under the V name since June 1, 2017. On the second trading day, a market capitalization of $ 529,063 was realized. The price per token here was around $ 0.001210. On July 23, 2017, the token was then able to realize the previous high. This was achieved at a token price of $ 0.003353. The market capitalization was also at a level of $ 1.48 million. Subsequently, a consolidation of the version Coin began, which ended on 22 November in a low point.
Read Also : What is LiteBar Coin?
Read Also : What is LiteDoge Coin?
Read Also : What is NuBits Coin?
Market capitalization was only $ 282,856. At the present time, the token is resuming trading, with the current market capitalization of $ 1.22 million. The token price is also at $ 0.002590. In terms of cryptocurrencies , the version token is thus ranked 819 if the market capitalization is used as an indicator. The daily trading volume is quoted at around $ 150 per day. Trading is mainly achieved through trading between V and BTC. The trading center is Cryptopia.
For More Digital Coins Information here
The post What is version Coin? appeared first on Technology Geeks | Gadgets | IoT | News.