XVP – A Fairer Game

Hybrid PoS/PoW Network
Based Cryptocurrency

The intersection of all the actors in the play, a fairer game, no miners supremacy, increased network security, heavily lower energy consumption.

Developers, miners, validators and businesses are invited to use VirtacoinPlus

We give anyone, anywhere easy access to the digital economy, by bringing
improvement in blockchain speed, scale, cost and user experience.

A fairer game!

VirtacoinPlus (XVP) is the intersection of all the actors in the play. PoW miners create the blockchain and earn the block rewards. PoS stakeholders earn a portion of the block reward on whether a block is permanently added to the blockchain.

Unique aspects of VirtacoinPlus

VirtacoinPlus consensus: hybrid Proof-of-Work and Proof-of-Stake network make VirtacoinPlus one of the few cryptocurrencies which utilize a hybrid between Proof of Work (PoW) – X11 and Proof Of Stake (PoS) to achieve distributed consensus.

Specifications

Ticker symbol – XVP
Type – Hibrid PoS/PoW
Consensus mechanism – Proof of Stake
Hashing algorithm – X11
Max supply – 100M
Average block time – 30-60 sec
Staking reward – 7% annually

XVP & PoS consensus

In a proof-of-stake based blockchain, coin owners are the ones who wield influence over the network, produce new blocks and secure the chain. Stakeholders of VirtacoinPlus effectively co-own the blockchain network, similar to how shareholders co-own a publicly traded corporation.

Efficient & sustainable security

The consensus rules of VirtacoinPlus are completely different and minters must work within the confines of these protocol rules in order to be able to produce blocks. Because rules about hashing power are replaced with time base rules, it is no longer necessary to purchase expensive equipment in order to give yourself an advantage over others.

Economics

The problem that cryptocurrency seeks to fix is not inflation itself, but inflation that is excessive, centrally controlled, and open to manipulation.

The solution is not zero inflation, but inflation that is limited and descentralized.

Start staking, earn rewards

Securing the virtacoinplus network can be fun and profitable

Staking Calculator

Why stake on VirtacoinPlus?

All VirtacoinPlus (XVP) holders are incentivized to support the VirtacoinPlus network, by locking their XVP into a desktop wallet, contributing to reach the necessary economic security threshold, and earning rewards while running a validator node.

Here’s why you should start staking today:

Be awesome and make history by being part of the XVP network
Be an early adopter of a fairer game changing technology
Earn competitive rewards

Start mining, earn rewards

VirtacoinPlus is using the X11 hashing algorithm, one of the most powerful and secure
crypto mining algorithms in the world

Mine XVP by renting a rig

Are you able of running a solo miner?

Main Qualities of VirtacoinPlus

Efficient Security

VirtacoinPlus (XVP) first came online in 2017, as a result of the deşire of the virtacoin community. The key innovation of VirtacoinPlus is its proof-of-stake mechanism, an alternative consensus protocol to former Virtacoin’s or Bitcoin’s proof-of-work.

Proof-of-work blockchains are secured by proving the consumption of a costly limited resource: electricity. Proof-of-stake replaces this expensive security protocol by utilizing an alternative scarce resource: time.

Due to the cost efficient nature of proof-of-stake’s time based consensus rules, Virtacoinplus is capable of allowing any network connected computer to participate in the blockchain’s security process. This efficiency strengthens VirtacoinPlus by growing the number of security providers and ensuring that security can be sustained over the long-term.

Fair Distribution

Cryptocurrencies must have a distribution wide enough to ensure that the overall coin supply doesn’t get concentrated into the hands of a few people. However a problem exists for blockchains that are run purely on Proof-of-Stake, as there is no easy way to fairly distribute the iniţial coin supply. In a pure Proof-of-Stake blockchain network, the entire coin supply is usually created by the project founder, who then chooses which individuals get to own stake. This distribution method often ends in a network with a highly centralized coin supply.

To solve this problem, VirtacoinPlus uses Proof-of-Stake for network security and Proof-of-Work for distribution. Proof-of-Work miners are rewarded with new XVPs generated by the network. This newly mined XVPs are then sold on exchanges by miners for profit and purchased by new stakeholders who can use it to mint blocks by participating in Proof-of-Stake consensus.

So while Proof-of-Stake provides security directly, Proof-of-Work is designed to do so indirectly by strengthening the decentralization of the network through a wider distribution of XVP to new potential minters.

User Governance

In VirtacoinPlus network, coin owners (stakeholders) are the ones who wield influence over the network, produce new blocks and secure the chain. Stakeholders of VirtacoinPlus co-own the blockchain and collectively participate to security, through a process called proof-of-stake minting. Stakeholders participate in minting simply by installing the desktop staking wallet, fueling their wallet with XVPs and holding them locked while they are occasionally selected by the protocol to mint the next block in the chain.

Every minted block rewards stakeholders with new XVPs. This makes VirtacoinPlus blockchain capable of allowing its protocol rules to be governed directly by its users, making for a network that is more decentralized and easily secured by people around the world.

Get started

Learn

For an in-depth overview of the project, VirtacoinPlus Documentation is the best starting place.

Purchase

VirtacoinPlus is available through a short list of small exchanges. You can check HERE for the list.

Wallet

The VirtacoinPlus wallet is available on Windows, Mac and Linux platforms. To get started, check out the Wallet Download Page.

Mint

Proof-of-stake minting is an efficient process where stakeholders mint new blocks for the network. These blocks contain transactions that were initiated by users of the network. The role of the minter is to process these blocks of transactions and provide security for the network.

Minting is an energy and cost efficient process, which makes it possible for stakeholders to participate using many different types of devices. Stakeholders participate in minting simply by installing the version of VirtacoinPlus they support, loading their wallet with XVPs and holding them while they are occasionally selected by VirtacoinPlus protocol to mint the next block in the chain. Every minted block rewards stakeholders with new XVPs.

General information about minting can be found HERE.

Mine

VirtacoinPlus uses X11 algorithm for proof-of-work mining. This means any hardware that can mine Dashcoin can mine VirtacoinPlus as well.

To get started, check out the Mining Documentation.

Community

Join our Forum, Discord, or Telegram to chat with other VirtacoinPlus community members and developers.
Subscribe to our Twitter, Reddit, Facebook to stay up to date with all the latest XVP news.

Fuel VirtacoinPlus Economy

VirtacoinPlus (XVP) cryptocurrency is native to VirtacoinPlus Network and will be used for everything
from staking, governance, transactions and validator rewards

Live VirtacoinPlus (XVP) metrics:

Block Height

Difficulty

Circulating Supply

Known Peers

Get involved, be part of the community

Be part of an active community of early adopters focused on building the future

Be among the early adopters who understand the opportunity and build a decisive competitive advantage
in the fastest growing industry since the internet