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VirtaCoin Discussion Forum » VirtaCoin » Increasing VirtaCoin value » VTA- BTC (Below is a table that compares the differences and similarit)
VTA- BTC
eric123Date: Monday, 2014-08-11, 3:41 PM | Message # 1
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Below is a table that compares the differences and similarities of VirtaCoin and Bitcoin according to certain characteristics.
Characteristics VirtaCoin (VTA) Bitcoin (BTC)Launch DateJuly 1,  2014January 3,  2009Type of CoinScryptSHA-256AlgorithmProof-Of-WorkSHA-256 HashingBlock Time60 seconds10 minutesConfirmations Needed66Transaction Completion Time6 minutes1 hourTotal Coins To Be Mined21 billion21 millionHighest Ever Price Per CoinUS$0.12US$1,242Addresses (Public Keys)Begin with “1”Begin with “1” & “3”DifficultyRetargets every 1 blockRetargets every 2016 blocksEquipment For Profitable MiningCPU, GPU & ASIC Scrypt MinersASIC MinersInitial Block Reward8000 coins 25 coinsDeflation RateBlock reward reduced by 0.5% each weekBlock reward halved every 4 years from 2016Network InterconnectionCan send VirtaCoins to any Bitcoin addressCan send Bitcoins to any VirtaCoin addressPrivate KeysCan be imported into some Bitcoin walletsMost keys can be imported into VirtaCoin Core
This table was last updated on August 3, 2014.
 
VirtaCoin Discussion Forum » VirtaCoin » Increasing VirtaCoin value » VTA- BTC (Below is a table that compares the differences and similarit)
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