Modern Technology Interaction

Welcome to the Future

Virtacoin is a digital cryptocurrency designed to enable fast, secure, and decentralized transactions across the globe. Built on blockchain technology, Virtacoin allows users to transfer value directly without relying on banks or third-party intermediaries.

Source Code

Bitcoin Family

VirtaCoin (VTA) is often considered part of the "Bitcoin family" in a technical sense because it is based on the Bitcoin codebase. It is an experimental, peer-to-peer, decentralized cryptocurrency designed for instant, global payments.

Fast Performance

Virtacoin (VTA) was designed with a target block time of 60 seconds, which is faster than Bitcoin's 10-minute block time. In this sense, the Virtacoin network is designed to be more "responsive" to new transactions by confirming them in a new block more quickly

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Development Model

The codebase follows an open-source development model, similar to Bitcoin Core, where developers submit pull requests for features or bug fixes.

Mining

The interface for VirtaCoin includes, or supports, solo mining to secure the network, which involves interacting with the software to validate blocks.

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Secure & Safe

Virtacoin utilizes the Scrypt algorithm, which is considered secure due to its memory-hard nature, making ASIC-based attacks more expensive and difficult compared to SHA-256, according to Developcoins.

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Easy Integration

VirtaCoin (VTA) operates similarly to Bitcoin as a decentralized, peer-to-peer digital currency with no central authority, allowing for user-to-user transactions and mining capabilities. Based on the Bitcoin codebase, it serves as an experimental,, fast, and low-cost alternative cryptocurrency.

About Our Vision

VirtaCoin (VTA) is an experimental, peer-to-peer decentralized cryptocurrency launched on July 1, 2014, with a vision to create a fast, accessible digital currency for global, instant payments. Known as "The People's Coin," it aims to empower individuals on the edge of the economic loop by providing access to financial services without the need for a central authority.

Key Aspects of the VirtaCoin Vision:

  • Empowerment & Accessibility: The project aims to empower those in the economic, social, and technological loop, allowing them to bring local products to global markets and access services that might otherwise be unavailable.
  • Decentralized Peer-to-Peer Transactions:
  • Based on the Bitcoin codebase, the network enables users to manage transactions and issue money collectively, without relying on traditional banks or central authorities.
  • Instant Global Payments:
  • A primary goal is enabling instant, secure, peer-to-peer payments anywhere in the world.
  • Community-Driven Security:
  • The network encourages users to participate in securing the platform through solo mining or by creating mining pools, allowing for community-driven maintenance of the blockchain.

    Technical and Historical Context:

  • Origins: Released in 2014, it utilizes a Scrypt proof-of-work algorithm to ensure security and prevent double-spending.
  • Supply Model: The project was designed with a total supply of approximately 21 billion coins, with an initial 8000 coins per block, reducing by 0.5% weekly.
  • ~21
    billion total coins
    60
    second block time target
    1
    Difficulty retarget every block
    2/28/14
    8000 coins per block, reduces by 0.5% each week starting from

    Our Product's

    Comprehensive design and development solutions tailored to your needs

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    Windows Virtacoin

    PC Wallet

    • Virtacoin wallet version v2.9.1.0
    • Functionality: It supports sending, receiving, and storing VTA
    • The desktop wallet is a program installed on a Windows computer, providing full control to the owner
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    Mac Virtacoin

    PC Wallet

    • Virtacoin wallet version v2.9.1.0
    • Functionality: It supports sending, receiving, and storing VTA
    • The PS is Mac wallet is a program installed on a mac book & products, providing full control to the owner
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    Linux Virtacoin

    PC Wallet

    • Virtacoin wallet version v2.9.1.0
    • Functionality: It supports sending, receiving, and storing VTA
    • The OS is Linux wallet is a program installed on Linux oprating system, providing full control to the owner
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    Configuration Settings

    You may use the settings below in your virtacoin.conf file. You may also use the port numbers listed to configure mining software, firewall port forwarding, etc.

    • rpcuser=[choose-a-username]
    • rpcpassword=[choose-a-password]
    • server=1
    • daemon=1
    • gen=1
    • genproclimit=-1
    • rpcport=22815
    • port=22816
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    Mine-Instructions

    Option 1: All Operating Systems An option which should work for Windows, Mac and Linux involves modifying the VirtaCoin wallet configuration file: virtacoin.conf For this to work, you must locate the configuration file and edit it to include the following lines...

    • gen=1
    • genproclimit=-1
    • After saving the configuration file, shut down your VirtaCoin wallet and restart it.
      Option 2: Windows Users Only Find the file you downloaded (virtacoin-qt.exe), right-click it, and choose to create a shortcut. Right-click the shortcut you just made and select "properties". Where it shows the "target", add a space followed by the parameters. For example, if it shows the target as...

    • "c:\path\to\virtacoin-qt.exe"
    • then you change it to
    • "c:\path\to\virtacoin-qt.exe" -gen=1 -genproclimit=-1
    • Note: Don't change anything within the quotation marks! After the last quotation mark, just add a space and the parameters shown. Now, whenever you click this new shortcut to launch the VirtaCoin wallet, it should begin solo mining.
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    Solo Mining

    You can attempt to earn some VirtaCoins by solo mining. The act of "mining" is simply a way of contributing processing power to the VirtaCoin network. It helps to secure the network and process transactions.

    While VirtaCoin is young your chances of earning coins as a solo miner are good. However, as the total computing power of the network grows, eventually, it will only be profitable to mine with a mining pool.


    Your Reward

    • When your wallet software is mining, it will contribute as much computing power as it can to the VirtaCoin network. There is a chance – but no guarantee – that you will earn VirtaCoins as a result of this process. If you do earn coins from mining, they will show up in your VirtaCoin wallet and will become available to use after a short while.

    Download Important File

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    Configuration setting

    Download...

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    Configuration node

    Download...