Virtacoin
Virtacoin

FUTURE IS NOW

Enter the next dimension of digital innovation

BEYOND LIMITS

Where technology meets infinite possibilities

ELECTRIC DREAMS

Powering tomorrow's digital revolution today

Wallet whitepaper

Core Features

⚡ Performance
🔒 Algorithm
🌐 Network
📊 Wallet
🔧 Integration

Lightning Fast Performance

Virtacoin (VTA) is a decentralized, peer-to-peer cryptocurrency, similar to Bitcoin, designed for fast global payments and supporting local initiatives, often called "The People's Coin". Users can earn VTA through mining (solo or pools) and use it for trading, staking, lending, or sending payments, though it often shows low trading volume and minimal market data on major platforms, indicating a relatively niche or inactive status.

  • 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

Characteristics of the Scrypt Algorithm

SHA-256 is a standard, fast cryptographic hash function, whereas Scrypt is a password-based key derivation function (KDF) designed to be intentionally slow and memory-intensive. In the context of cryptocurrency, these differences affect mining hardware, transaction speeds, and decentralization.

  • Memory-Intensive: Scrypt requires miners to store and repeatedly access large amounts of data in RAM to solve blocks. This significantly increases the cost and difficulty of creating specialized hardware (ASICs) to dominate mining, compared to algorithms that only require raw processing power.
  • Accessibility: By making mining more dependent on readily available resources like CPU and GPU memory, Scrypt initially promoted more decentralized mining, allowing individuals to participate without needing massive financial investment in specialized hardware.
  • Faster Block Times: Scrypt-based blockchains, such as Litecoin, generally have faster block generation times (around 2.5 minutes for LTC) than Bitcoin (around 10 minutes), leading to quicker transaction confirmations.

Global Crypto Network

Virtacoin (VTA) is an Cryptocoin, decentralized cryptocurrency launched in 2014 that enables peer-to-peer instant payments. The "Virtacoin Global Crypto Network" refers to this specific digital currency's ecosystem and community.

  • Technology: VirtaCoin is based on the Bitcoin codebase and originally used a Proof-of-Work (PoW) algorithm (Scrypt) for mining. A subsequent project, Virtacoinplus (XVP), was a community-oriented fork that used Proof-of-Stake (PoS), though it is no longer active.
  • Decentralization: The network operates without a central authority, with transactions and currency issuance managed collectively by the network participants.
  • Supply: The total maximum supply of VTA is approximately 21 billion coins, with a portion currently in circulation.
  • Use Cases: Currently, VTA can be used for trading (arbitrage), staking, or sending payments to others.

VIRTACOIN CORE

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Virtacoin VTA Wallet

Virtacoin wallet version v2.9.1.0

About Virtacoin VTA

Pioneering the Digital Frontier After Bitcoin

Virtacoin (VTA) is a peer-to-peer, decentralized cryptocurrency that was launched on July 1, 2014. It operates on a proof-of-work (PoW) mechanism and aims to manage transactions globally without a central authority like a bank.

Virtacoin (VTA) is a decentralized, peer-to-peer digital currency, similar to Bitcoin, allowing instant global payments without central banks, using proof-of-work for security and transaction verification. Often called "The People's Coin," it aims to empower local economies, with users generating VTA through mining or earning via staking/trading on exchanges like Bitget, supporting community lending on Kiva.

Purpose: Facilitates peer-to-peer transactions and supports local economic development through Kiva lending, connecting local needs to global markets.

Virtacoin

Innovation at Every Level

Bank

Several major banks, including JPMorgan Chase and Bank of America, are involved in blockchain projects or have launched their own stablecoins for faster interbank settlements.

Dedicated "crypto banks" and financial platforms exist that bridge the gap between traditional fiat currency and digital assets, offering services like wealth management and 24-hour access.

Cryptocurrencies are profoundly impacting the "old" (traditional) financial system by challenging its central structures and introducing disruptive technologies like decentralized finance (DeFi), faster cross-border payments, and new investment products. Rather than a complete replacement, a hybrid system is emerging that integrates both traditional and digital finance.