Virtus coin (Project VirtusPay)
Virtus is a new next generation coin built from Dash.
Virtus (means valor, masculinity, perfection, character and dignity, perceived as male strengths) uses Tribus algorithm for proof of work. Just like Dash it does not rely on any sort of central authority. It is open-source and uses peer-to-peer technology - maintained only by the the Virtus network. We want Virtus to be a genuinely valuable currency. With low block rewards and low overall supply we try to accomplish this. We believe in the simple supply and demand economic model. The frequent block halving will also help to make this a coin with increased scarcity and value.
FEATURES
We know how difficult it is for small miners to compete with the giants of the industry. Therefore, we chose the PoW Tribus algorithm. It is resistant to NiceHash service and is not supported by ASICs. In addition, for a uniform and fair distribution of the initial award, we made a slow start.
NiceHash resistence ASIC resistence Anti Instamine
One of the tasks of our team is the introduction of a new economic model of masternodes. We plan to implementation
a three-level masternode system (for example, lowMN, medMN and highMN). This unique system will allow Virtus to use new real projects that require level distribution in decision making. In addition, this will increase the attractiveness of the VirtusPay project for investors
The second task of our team is
the development of a new algorithm proof of work. This algorithm will have high energy efficiency and new calculation methods. Existing huge GPU-farms will no longer be able to dominate, and the idea of decentralization will reach a new level. In addition, this step will greatly complicate the extraction of coins and the initial investors will receive substantial profits from the growth of the Virtus rate.
Roadmap: Coming soon...
Whitepaper: Coming soon...
SPECIFICATIONS
Project name: VirtusPay
Coin name: Virtus
Ticker: VRT
Algo: Tribus - full PoW (Proof of Work)
Block Time: 60 seconds
Diff.Retargeting: every Block
Block Confirms for Mined Blocks: 101
Block Confirms for Sending/Receiving: 6
InstantSend Confirms: 5 sec.
RPC Port: 13880
P2P Port: 13881
Block rewards:
block 1-1000: 1 VRT
block 1001-4000: 7 VRT
block 4001-7000: 13 VRT
from block 7001- 20 VRT
15% halving (expoential, so 90%, 81%, 72.9%...) every half-year
Total Supply: 11.000.000 VRT
Premine: 2.2% (Premine will be used for bounties, promotion campaign, Exchanges listing, Masternodes listing, other campaigns and sponsorship promotions. No staking on premine.)
EXPLORER
Coming soon...
First two NON yiimp explorer will be awarded
MINING
Before launching the first mine pool, you can mine Virtus in your wallet.
In your wallet go to - Tools - Debug console.
On text field type - setgenerate true
Then type - getgenerate
If output is TRUE, then you mining Virtus.
After mining pool launching you need switch off wallet minig.
Go to - Tools - Debug console.
On text field type - setgenerate false
For mining on pool you need any miners for Tribus algo
NVidia card - CCminer
https://github.com/tpruvot/ccminer/releasesAMD card - Tribus AMD GPU sgminer v5.3.8 -
http://ccminer.org/preview/sgminer-x64-5.3.8.zipMINING POOLS
Coming soon...
MASTERNODES
Activates: 06.00AM 27.Feb.2018 UTC (about block 10000)
Masternode Collateral: 5000 VTS
MasterNode Rewards: 40% or 8 VTS
TUTORIAL: How to set up a MasterNode - coming soon.
The original guidelines for launching masternodes on external resources (not bitcointalk.org) will be awardedMasterNode auctions
To further improve the VirtusPay project, two MasterNode auctions will be organized. Total will be sold 10 MN.
First MN-auction (5 MN) - 20.00PM 23.Feb.2018
Second MN-aucton (5 MN) - 08.00AM 25.Feb.2018
The auctions will be held in
our Discord channel (
preliminary registration is required)
EXCHANGES
At first, Virtus will be placed on the
SouthXchange
CryptoBridge
More exchanges coming soon
SOCIAL MEDIA
INTERNATIONAL
Authors of quality translations and original articles about Virtus will be awarded
