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.
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.
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
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.
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.
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.
Here’s why you should start staking today: