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Vtcoin (abbreviation: VTC, currency symbol: V) is a digital currency based on "peer-to-peer" (P2P) technology. Vtcoin is generated through complex algorithms, with a total supply capped at 100 million by 2047, after which the total quantity will be permanently limited to 100 million. It enables users to make instant payments to anyone in the world. Influenced by Bitcoin, Vtcoin focuses on facilitating small transactions, while Bitcoin is more suited for larger payments, making Vtcoin ideal for smaller transactions. Vtcoin was created by American scientist David. Peer-to-peer (P2P) means that there is no central authority controlling the money transfer channel. Instead, these currency transfers are collectively managed by network nodes. Anonymity means that the parties involved in transactions can hide their true identities. Designed specifically for small transactions, Vtcoin offers faster, safer, and lower-fee transactions compared to Bitcoin.
Main Node Allocation Mechanism
Main node allocation benefits enhance network security.
The main node distribution mechanism is a systematic design feature of Vtcoin aimed at promoting robustness and high availability of the node network.
For a digital currency network, the more active nodes there are in the network, the higher the networks security becomes. The faster transaction confirmations occur, the less likely malicious attacks become.
Since the total supply of distributed coins is fixed, the amount of funds each node can allocate is dynamically adjusted according to the total number of nodes, ensuring that the number of nodes remains within a reasonable range.
Vtcoin Development Fund
The Vtcoin Development Fund is a reserve pool of 100,000 donated by the founder of the Vtcoin Foundation, designated to support the development of Vtcoin.
The Vtcoin Foundation will establish a Vtcoin mobile wallet, ensuring the availability of 2 million Vtcoins.
The Vtcoin Foundation is a non-profit organization dedicated to the ongoing development of Vtcoin and the promotion of Vtcoin applications. The Vtcoin Development Fund will be jointly supervised by the Vtcoin Foundation and Vtcoin enthusiasts regarding project expenditures and usage, ensuring fair use of funds. The Vtcoin Development Fund does not list any daily expenses.
The Vtcoin Development Fund will primarily support: public welfare activities, social media currency distributions, Vtcoin applications, rewards, and the Vtcoin community.
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