VirtaCoin is Live
Virtacoin and understand the purpose of the VTA token, get the latest news, find where to buy it and get to know the fundamentals of Virtacoin.
VirtaPay has now been converted into a crypto-currency, like bitcoin. The new system, called VirtaCoin, will completely replace the old VirtaPay.
All user balances have been successfully transferred into the new system. Please be advised that – in order to fit within the parameters of the new system – all user balances have been adjusted to 14% of their original size.
This is equivalent to a stock split. For example: If you previously had a balance of VP$100, your new balance would be 14 VTA. Because this adjustment was performed equally to all users, your balance did not lose any actual value.
In order to claim your balance, it is critical that you follow the steps below.
VirtaCoin Belongs to You
VirtaCoin is “owned” by everyone who holds the currency. It is up to the VTA community to collectively contribute and make VTA what you want it to be. How you contribute depends on your skills, abilities and available time. Please consider helping in one or more of the following areas…
Forums – VTA needs places for the community to gather and discuss issues and ideas. You could set up a forum, become a moderator, or even just contribute your ideas and opinions on a VTA community forum.
Exchanges – If you would like to exchange your VTA for bitcoin, for other crypto-currencies, or even for fiat currency, please contact crypto-currency exchanges and follow their procedures to ask them to list VTA .
Solo Mining – To earn more VTA and contribute computing power to securing the VTA network, you can try solo mining.
Mining Pools – If you have the knowledge, you can create a mining pool. This helps large groups of people to work together and share in the mining rewards, while helping to secure the VTA network.
Developers – If you are a programmer, or know someone who is, you can help to maintain and improve VTA by working on the open source VTA Project on GitHub.
VirtaCoin Core integration/staging tree
Copyright (c) 2009-2014 Bitcoin Core Developers Copyright (c) 2014 VirtaCoin Core Developers
What is VirtaCoin?
VirtaCoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. VirtaCoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. VirtaCoin Core is the name of open source software which enables the use of this currency.
For more information, as well as an immediately useable, binary version of the VirtaCoin Core software, see http://www.virtacoin.com.
- 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
VirtaCoin Core is released under the terms of the MIT license. See COPYING for more information or see http://opensource.org/licenses/MIT.
Developers work in their own trees, then submit pull requests when they think their feature or bug fix is ready.
If it is a simple/trivial/non-controversial change, then one of the VirtaCoin development team members simply pulls it.
If it is a more complicated or potentially controversial change, then the patch submitter will be asked to start a discussion (if they haven't already) on the mailing list.
The patch will be accepted if there is broad consensus that it is a good thing. Developers should expect to rework and resubmit patches if the code doesn't match the project's coding conventions (see doc/coding.md) or are controversial.
master branch is regularly built and tested, but is not guaranteed to be
completely stable. Tags are created
regularly to indicate new official, stable release versions of VirtaCoin.
Testing and code review is the bottleneck for development; we get more pull requests than we can review and test. Please be patient and help out, and remember this is a security-critical project where any mistake might cost people lots of money.
Developers are strongly encouraged to write unit tests for new code, and to
submit new unit tests for old code. Unit tests can be compiled and run (assuming they weren't disabled in configure) with: