What is Vsync Coin?
The relatively young cryptocurrency Vsync Coin is based on Bitcoin and DASH (formerly Darkcoin). She wants to combine both the ease of use and security of Bitcoin , as well as the anonymous possibilities of DASH . The young development team is always interested in developing the possibilities of the cryptocurrency. Vsync was originally announced on August 29, 2017, the launch of the coin took place on September 10, 2017. Since then, the cryptocurrency can be traded on all relevant exchanges on the Internet. There are currently 98,964,274 units of the currency currently trading under the symbol VSX.
Masternodes from Vsync Coin
Nodes is simply the English word for knots. In peer-to-peer networks, such as cryptocurrency communities , each user or wallet representing a user represents such a node. The more nodes a network has, the better the original goal of the blockchain : Decentralization. This ensures that the blockchain actually works independently and nobody can gain advantages through manipulation.
Masternodes are special nodes that perform special tasks. This includes, for example, the handling of fast and secure transactions. At Vsync Coin, every user can set up a masternode on their computer and will be rewarded with units of the crypto currency. On his side, the developers of Vsync give a detailed guide on how to set up a masternode. Unfortunately, this function is currently only available to computers with the Windows operating system. To run a master mode, the user must have a special masternode walletOpen 250,000 VSX at any one time. These can of course also be picked up at any time by their owner. For the establishment of the masternode, the user receives a certain percentage of the newly mined units VSX.
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Technical specifications and details of Vsync Coin
Vsync is also based on the unique Xevan algorithm. This is a proof-of-stake and proof-of-work hybrid, which means that VSX can be re-earned through classic mining, using computational power, and keeping the currency pure. What’s special here is that the complexity of the tasks that need to be solved to create new blocks increases with every single block. The block time is currently one minute, which makes Vsync work ten times faster than Bitcoin does.
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What is the current market capitalization of Vsync Coin?
The young cryptocurrency Vsync was first released on September 10, 2017. However, initial market capitalization data is only available from 17 September. At that time, the pro-coin value of VSX was equivalent to $ 0.005466 (USD). Thus, a stock market value of $ 540,920 could be realized.
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Subsequently, the currency rapidly depreciated, reaching its record low of $ 191,885 on November 2, 2017, with a coin price of $ 0.001939. Thereafter, however, the value stabilized quickly and remained at an average value of $ 0.003000 per coin and a market capitalization of $ 350,000 by December.
However, since the beginning of December, Vsync has seen a strong upswing, reaching a value of $ 0.025472 on December 25, which represents a market value of $ 2,520,800.
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