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Author Topic: ■|ANN|▌XVP |▌• VirtacoinPLUS • X11 • POW|POS • Stake Interest 7% •  (Read 143696 times)
soulgate
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April 02, 2017, 12:25:07 AM
Last edit: March 27, 2020, 09:02:45 AM by soulgate
 #1














                                           









VirtacoinPlus (XVP) cryptocurrency - A FAIRER GAME !


XVP propose a new protocol for a cryptocurrency, by combining its Proof of Work component with a Proof of Stake type of system. XVP’s Proof of Activity protocol offers good security and has a relatively low penalty in terms of network governance and storage space.
XVP is trying to take the strengths and weaknesses of both Proof of Work and Proof of Stake and by combining these two mechanisms for consensus, it can wash out the weaknesses and pick up all of the gains.

In the case of Proof of Work, one of the major shortcomings is that if somebody can fabricate integrated circuits, way more cheaply and efficiently than us, they can effectively take over the network. So the consensus algorithm in the pure "Proof of Work Network" can be taken over by the people who fabricate these circuits. That has happened in Bitcoin and the vast majority of hash power coins. Is not that is only based in China, but it's owned by Chinese individuals and corporations and that process is counterproductive. The idea with a consensus algorithm is you want everybody to participate in some way. Maybe not everybody adds the same thing to the network, but just having everyone in one country take it over is really counterproductive and it makes for a crappy consensus algorithm.

In the case of Proof of Stake, the major shortcoming is that it's kind of feudalism, like if you own 10% of the coins when project starts, you're always gonna own 10% of the income from the subsidy, so XVP wanted to wash out the feudalism a bit, but can still have the meritocracy component of Proof of Work.

What is this really all about? Is about creating a fairer game. What attracted people to Bitcoin was that it created a fairer game, fairer than Fiat Financial System: you can't have your account confiscated, people can't stop you from sending transactions and no either central bank or nation-state government can arbitrarily inflate that value away.
What XVP carries above is the Proof of Activity (PoA). PoA combines the Proof of Work and Proof of Stake protocols, which means that participants can mine or lay down a share to validate the blocks. So XVP protocol provides a balance between the miners and the ordinary members of the network. Also, worth it a hybrid system, both in terms of scalability and security.
...

A classic PoW model favors entities with access to cheap electricity and the capital to invest in mining infrastructure. This model is subject to mining centralization and the 51% attack, where a miner or pool with more than half of the hash rate can control the blockchain and the transactions.

A classic PoS model favors early adopters who accumulated coins, typically during an initial distribution. The benefits of PoS include decreased infrastructure costs as well as the ability for any user to directly participate in the network. With a PoS-based blockchain, the network is maintained by validators who routinely lock up funds on their wallets in what is called 'staking'. The more coins the validators lock up, the more blocks they can create, meaning they can reap more rewards. PoS only blockchains are subject to stake grinding vulnerabilities, which effectively allows a majority PoS miner to control the blockchain.

The hybrid consensus system in XVP network attempts to reduce the vulnerabilities of both PoW and PoS. PoW miners create the blockchain and earn the block reward. PoS stakeholders earn a portion of the block reward on whether a block is permanently added to the blockchain. VirtacoinPlus is definitely a fairer crypto-game!

Satoshi Nakamoto created a really interesting and great thing, XVP built great things on top of it.

Video: XVP’s Place in Crypto Environment



















                                                                     VirtacoinPlus is a hybrid PoW|PoS cryptocurrency  
                                                                    X11 hashing algorithm
                                                                    60 second block time target
                                                                    Difficulty retarget every 15 blocks
                                                                    POW reward 2.7 coins per Block, reduces by 0.2 coins each 525600 blocks starting 23/03/2017
                                                                    Stake Interest: 7% annually
                                                                    Minimum Stake Age, 24 hours, One Year Max age
                                                                    Total coins in circulation: 13,663,778 XVP (27. march 2020)








 








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7%|  Annual Income 
   🔥VirtacoinPLUS🔥 
| X 11    POW | POS 
  Mining. Staking. Rewards. 
|  DECENTRALIZED INCOME HYBRID
    Created for The People.  By The People.  
|



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April 02, 2017, 12:25:34 AM
Last edit: April 23, 2019, 10:17:35 AM by soulgate
 #2






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[font=calibri][size=14px]   [color=orange]✦[/color] VirtacoinPLUS [color=orange]✦[/color]
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Full Member



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[center][b][font=arial][color=#009900][color=#009900] ■▬[color=#008900]▬[color=#007900]▬[color=#006900]▬[color=#005900]▬[color=#004900]▬[color=#003900]▬[color=#002900]▬■[/color][/color][/color][/color][/color][/color][/color][/color]    [url=https://www.virtacoin.plus/][color=#009900]Website[/color][/url]    [color=orange]■[/color]    [url=https://bitcointalk.org/index.php?topic=1851562.0][color=#002900]BitcoinTalk[/color][/url]   [color=orange]■[/color]   [url=https://t.me/xvpworld][color=#009900]Telegram[/color][/url]    [color=orange]■[/color]    [url=https://discordapp.com/invite/5aygDV5][color=#002900]Discord[/color][/url]    [/color][/font][color=#002900]■▬[color=#003900]▬[color=#004900]▬[color=#005900]▬[color=#006900]▬[color=#007900]▬[color=#008900]▬[color=#009900]▬■[/color][/color][/color][/color][/color][/color][/color][/color]
[color=#003900]██[color=#004900]█[color=#005900]█[color=#006900]██[color=#007900]██[color=#008900]██[color=#009900]██[/color]██[/color]██[/color]██[/color]██[/color]█[/color]██[/color] [color=#009900]◢   [font=arial black][url=https://www.virtacoin.plus/][color=#333]V i r t a c o i n P L U S[/url][/font]   ◣ [color=#009900]██[color=#008900]█[color=#007900]█[color=#006900]██[color=#005900]██[color=#004900]██[color=#003900]██[/color]██[/color]██[/color]██[/color]██[/color]█[/color]██[/color]
[font=arial][color=#DEB447][color=#009900] ■▬[color=#008900]▬[color=#007900]▬[color=#006900]▬[/color][/color][/color][/color][url=https://docs.google.com/presentation/d/1J437nPjIRaen7ucORV2xdnoVm-pH67WU2Ve-m90c61A/present?includes_info_params=1&slide=id.gc6f73a04f_0_0][color=black][font=arial black][color=#009900]  7%[/color][/font] Annual Income [/color][/url] [url=https://www.virtacoin.plus/][font=monospace][size=14px][color=#009900][b]  X[color=#009900][b]11[/b][/color][color=#006900][b]  POW [/b][/color][color=#006900][b]|[/b][/color][color=#006900][b] POS [/b][/color][/size][/font][/url][color=#009900]     ▲   [/color]      [url=https://www.youtube.com/watch?v=Rk4r-i4IqcY&feature=youtu.be][font=monospace][size=14px][color=#009900][b] DECE[/b][/color][color=#008900][b]NTRA[/b][/color][color=#007900][b]LIZED[/b][/color][color=#006900][b] INCOME [/b][/color][color=#005900][b]HYBRID[/b][/color][/size][/url]   [color=#006900]▬[color=#007900]▬[color=#008900]▬[color=#009900]▬■[/color][/color][/color][/color][/font][/center]

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Code:
[center] ■▬▬▬▬▬▬▬▬■   [url=https://www.virtacoin.plus/]Website[/url]    ■    [url=https://bitcointalk.org/index.php?topic=1851562.0]BitcoinTalk[/url]   ■   [url=https://t.me/xvpworld]Telegram[/url]    ■    [url=https://discordapp.com/invite/5aygDV5]Discord[/url]    ■▬▬▬▬▬▬▬▬■
███████████████████████◢   [url=https://www.virtacoin.plus/]V i r t a c o i n P L U S[/url]   ◣ ███████████████████████
 ■▬▬▬▬[url=https://docs.google.com/presentation/d/1J437nPjIRaen7ucORV2xdnoVm-pH67WU2Ve-m90c61A/present?includes_info_params=1&slide=id.gc6f73a04f_0_0]  7% Annual Income [/url] [url=https://www.virtacoin.plus/]  X11  POW | POS [/url]      ▲        [url=https://www.youtube.com/watch?v=Rk4r-i4IqcY&feature=youtu.be]DECENTRALIZED INCOME HYBRID  [/url]   ▬▬▬▬■[/center]






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7%|  Annual Income 
   🔥VirtacoinPLUS🔥 
| X 11    POW | POS 
  Mining. Staking. Rewards. 
|  DECENTRALIZED INCOME HYBRID
    Created for The People.  By The People.  
|



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Henisusan
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April 02, 2017, 12:30:53 AM
 #3

need local translator sir??
reserve indonesian translations
thank you

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Cobo Digital Wallet
|
  First Leading Wallet Offering PoS and Masternode Rewards Worldwide 
SECURITY ● RELIABILITY ● CONVENIENCE
|
Download
for Android & iOS
● TELEGRAM
● FACEBOOK
● TWITTER

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[t
tomsmith26
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April 02, 2017, 04:17:59 AM
 #4

Wow. It's so great , Dev . It must have a new thread for new coin - Virtacoinplus and This is a new era of Digital Currency for People. I expect Virtacoinplus will rocket into the sky. Congratulations, XVP coin.
CjMapope
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April 02, 2017, 04:49:32 AM
 #5

So this launched when?
i see in OP :  "8.5 millions coins" as of a month ago, but no premine, is there an original thread?
Or when /how/who mined these?
i may have just missed the original ann, a link in OP would be sweet if so, thx!

~Got this gurl in my bed, a roof over my head, i mine a couple coins a week, and thats how i make bread~
cyourmoney2
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April 02, 2017, 05:48:31 AM
 #6

Everyone here that reads this should start promoting VirtacoinPlus immediately .
  Most of us are newbies and have very little experience.

 There are all kinds of ways to get referrers [affiliates] that only cost you your time.
 Example, Friends, Family, Facebook and all other social media websites.

  Join  groups that  are interested in Cryptocurrency  and making money.

Start your own Blogg here https://www.blogger.com.
 It's free and play around with it until you get it right.
When your referrers buy VirtacoinPlus coins  you get free coins in your wallet every month.

First though if you have any spare cash setting around that you can spare,
I would buy VirtacoinPlus today as they can only rise in value over the coming months.
 If you are a Newbie I would join here and buy VirtacoinPlus
 https://virtacoinwallet.eu/shopping/Shop/register.php?r=xxx to get an online wallet.
 Check all links and get to know your wallet.

 Bookmark it and put on bookmark bar to get easy access.

If you are familiar with Bleutrade and other exchanges and how they work you can buy your VirtacoinPlus through them.

Please, feel free to add other helpful suggestions that will help Newbies or seasoned pros to move VirtacoinPlus up the ladder on http://coinmarketcap.com/all/views/all/

 I hope this helps someone.

Get an Online VirtacoinPlus Wallet and change your lifestyle forever.
Cadwil
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April 02, 2017, 06:02:30 AM
 #7

This great news and new era for VirtaCoin Plus. The possibilities are endless.
ERossin
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April 02, 2017, 06:04:31 AM
 #8

That sounds interesting, Dev. We have more investors to join this project. I see that buying power is stronger and They want to buy more xvp coins for staking because it's so cheap now. The money supply is just only 10+mil xvps until now. I think that we should have more special functions like Dash wallet (Darksend, Masternode, ...)because this coin is using Algo X11 the same as Dash so Just thinking about this, Dev


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CREATING THE INTELLIGENT MACHINE ECONOMY

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gcoffie7
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April 02, 2017, 06:28:53 AM
Last edit: December 12, 2017, 07:30:11 PM by gcoffie7
 #9

Hello All new forum for XVP this is good cheers
kotha72
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April 02, 2017, 06:50:26 AM
 #10














                                           











                                                                     VirtacoinPlus is a hybrid PoW|PoS cryptocurrency  
                                                                    X11 hashing algorithm
                                                                    60 second block time target
                                                                    Difficulty retarget every 15 blocks
                                                                    POW reward 2.7 coins per Block, reduces by 0.1 each year
                                                                    Stake Interest: 7% annually
                                                                    Minimum Stake Age, 24 hours, One Year Max age
                                                                    Total coins in circulation: 8,551,453.89082264 (01. march 2017)
                                                                    No Pre-mine after swap, remained at the end of the swap was burned









 







                                                                                               Bitcoin-Pool.de
                                                                                               CoinMiners.net
                                                                                               E-Pool.net
                                                                                               SmarterHash
                                                                                               VirtacoinWorld









                                                                                               BleuTrade
                                                                                               NovaExchange










                                                                                           VirtacoinPlus Faucet














That's neat. Thanks Soulgate
soulgate
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April 02, 2017, 07:15:08 AM
 #11

So this launched when?
i see in OP :  "8.5 millions coins" as of a month ago, but no premine, is there an original thread?
Or when /how/who mined these?
i may have just missed the original ann, a link in OP would be sweet if so, thx!

Yes. Please check News section (link to the last announcement on the old thread).


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7%|  Annual Income 
   🔥VirtacoinPLUS🔥 
| X 11    POW | POS 
  Mining. Staking. Rewards. 
|  DECENTRALIZED INCOME HYBRID
    Created for The People.  By The People.  
|



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vingaard
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April 02, 2017, 07:34:58 AM
 #12

I will mine a few  Cheesy
nonontech
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April 02, 2017, 07:39:43 AM
 #13

Thanks. I'll stake on my desktop, that's the least I can do to help the XVP network at the moment..
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April 02, 2017, 07:53:57 AM
 #14

Thanks. I'll stake on my desktop, that's the least I can do to help the XVP network at the moment..

Thanks for your help. Everyone please set your XVP desktop wallet auto-start to contribute to the coin network.
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April 02, 2017, 07:54:22 AM
 #15

My countrymen have their own topic from now on:  New Romanian XVP Thread

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April 02, 2017, 07:59:51 AM
 #16

My countrymen have their own topic from now on:  New Romanian XVP Thread

Great! We have first translation  Smiley


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cengsuwuei
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April 02, 2017, 08:07:58 AM
 #17

virtacoin plus new coin or old coin dev
what is deference with virta coin
and open bounty or not

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gcoffie7
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April 02, 2017, 08:18:04 AM
 #18

virtacoin plus new coin or old coin dev
what is deference with virta coin
and open bounty or not





We swap virtacoin to virtacoinplus because of the broken blockchain in virtacoin
Since a lot of the followers of vta are not technical we swap all coins to xvp .thanks .
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April 02, 2017, 08:52:28 AM
 #19

And don't forget VirtacoinPlus.uk
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April 02, 2017, 08:57:42 AM
 #20

I love this, cudos to you guys!
But what will happen to the old Virtacoin ANN/BCT? Huh
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