Virtacoin

Virtacoin- VTA

Turning Ideas into Functional & Scalable Solutions
Join the virtacoin community today and explore innovative solutions in digital currency. connect with like-minded individuals and shape the future of finance. key points regarding virtacoin's potential.

We are live from-2010

In Crypto(VTA)-2014

Total Coin's-21B

BTC Total Coin's-21M

Specifications


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DEFI-Decentralized finance (defi) Crypto is challenging traditional banking by enabling peer-to-peer transactions without third-party intermediaries, such as banks. this can lead to lower transaction fees and faster global fund transfers.

BACKEND-Traditional financial institutions, including banks and asset managers, are increasingly integrating crypto into their operations and offering investment products like exchange-traded funds (etfs), which is driving mainstream acceptance and bringing more capital into the ecosystem.

BITCOIN-Yes, Bitcoin is the pioneer cryptocurrency, launching in 2009 as the first decentralized digital currency, introducing blockchain technology, and fundamentally changing concepts of money by removing central authorities like banks or governments, inspiring thousands of other cryptocurrencies and paving the way for digital finance. It's often called "digital gold" due to its scarcity (limited to 21 million coins) and role as a store of value, despite its volatility.

Journey

PAYBOX-PAYMENT-

  • 2010 - 2011
    • PayBox is developing an online currency and payment processing service to make buying and selling online easier, more secure and available to everyone.

    VIRTAPAY-PAYMENT

  • 2011 - 2014
    • VirtaPay is developing a private virtual currency and payment processing service to make real-world buying and selling online easier, more secure and available to everyone.

    VIRTACOIN VTA

  • 2014 - present
    • VirtaPay has converted from a centralized virtual currency into a decentralized crypto-currency called VirtaCoin.

    LAYER:

    VIRTACOIN/BITCOIN

  • 21 Billion - 21 Million
    • Virtacoin and Bitcoin are often compared because their total coin supplies follow a clear numerical relationship: Virtacoin is capped at 21 billion coins, while Bitcoin is capped at 21 million, creating a 1000:1 ratio.

    ADDRESS SAME

  • VTA - BTC
    • VirtaCoin address is compatible with and can be used as a Bitcoin address. You can send both Bitcoin (BTC) and VirtaCoin (VTA) to the same address, and the address can manage separate balances for both cryptocurrencies.

    Technology:

    Blockchain-

  • Bitcoin: Uses SHA-256 proof-of-work, with massive global miner participation and high network security.
  • Virtacoin: Based on the Bitcoin codebase and uses proof-of-work (Scrypt).Proof-of-work using Scrypt is often considered well-suited for payments because it was designed to allow faster and more accessible transaction processing compared to Bitcoin’s SHA-256 system.

    • Specifications-

  • Scrypt proof-of-work algorithm
  • 60 second block time target

  • ~21 billion total coins

  • 8000 coins per block, reduces by 0.5% each week starting 2/28/14

  • Difficulty retarget every 1 block

    • Gold/Silver:

    Bitcoin is often compared to gold because of its very limited supply (21 million coins), strong security, and use as a long-term store of value. Virtacoin, with a much larger supply (21 billion coins) and faster, payment-focused design, fits the “silver” comparison—more abundant, easier to use in everyday transactions, and better suited for smaller payments. Just as gold is used to store wealth while silver is used more often for trade, Bitcoin can act as digital gold, while Virtacoin can represent digital silver for daily spending and transfers.