[ANN]🔥[VF CASH]🔥[VFC] New Mining Algorithm POK [CPU] 🚀
VFCASH last edited by VFCASH
VF Cash is a mineable cryptocurrency built from the ground up featuring cutting edge cryptography and the World's first Proof-of-Key (POK) algorithm.
Lightweight, secure, and fast, you can use VF Cash to safely and effortlessly send any amount of value, whether it is a micro payment for an IoT device or vast sums transferred between institutions. Transactions are instant and there are no transaction fees.
Project that started on the 23rd of April 2019. It has no Proof-of-Work (POW) rather it has a finders-keeps distribution system similar to mining and a transaction rate limit per address / public key of three seconds for the confirmation period. This prevents the sender of the transaction from making any further transactions during this period. The chain is unordered (DAG), and the networking uses UDP. The Digital Signature algorithm uses secp256r1.
Divisible to three decimal places, minable, free transactions, written in C, compiled with GCC, 256-bit key length, Transactions are 76.16% smaller than an average Bitcoin-Core transaction, relating to total blockchain size.
Transactions are free, there is no charge for making a transaction on the network. However transactions do create inflation of the currency which is partly paid back to the node operators as rewards.
The new algorithm comes with below new mining features:
- Offline Mining where you don't need to have node running, minted keys can be claim later, the race is who finds and claims the contents of the mined address first.
- Running node can vote for desire difficulty level ranging from 0.03 - 0.24, system will survey every nodes for their difficulty settings, calculates and implements the average difficulty rate on the network.
- Currently Support CPU Mining, GPU mining is in future plan.
- Online wallet has been introduce and can be access via https://vfcash.uk/wallet
April - Project Started.
May - Project Test-Net Launched & Source Code release on GitHub.
June - Project Main-Net Released & Rewards System for Node Operators.
July - New Website Design, Web-Wallet & Telegram Rewards Bot. VFC Mining.
August - Integrating the VGATE DEX as the primary and official exchange. Multi-threaded transaction processing.
September - VF Cash Promotion, development of Mining Pool & Community Hub.
November - VF Cash community events, competitions and more.
December - A merry christmas from the VF Cash team, we will be back with you in 2020 with an exciting new set of plans.