Cryptocurrency has accepted the peer-to-peer settlement by applying an electronic cash system that enables it to fulfill the payment process without trust or a central party requirement. To make a better electronic economy more fully decentralized, this should be transacted more secured, more efficiently, and faster processing.
More importantly, it should be at the rate of thousands per hour and offer better incentives to encourage people to join this secure network to scale globally with the fully-used existing resources.
In addition, this peer-to-peer solution offers transaction types that help cryptocurrencies launch the core features to support the payment system. And, its agile architecture adds new core features and advanced applications. Therefore, VcashPay (VCP) can satisfy all the above requirements.
1. What is VcashPay (VCP)?
VCP is a new modern financial system that helps address the inefficient issues in the existing financial system. VCP is more decentralized, long-lasting and provides higher security in digital money. Moreover, it allows individual users to access its digital money efficiently and liaison with the acceptably lowest impacts to the global economic system. That is how special and high-tech VCP can offer their user experiences.
Users would feel like they are totally in the digital era where everything, including digital currency, becomes more convenient with lower miner fees and 100 times higher speed than the traditional currency with no concern. Thus, VCP has become more accessible and provides more user-friendly digital money experiences that all users should deserve.
VCP has 100% proof-of-stake, which is built from scratch in open-source Java. Its algorithm does not rely on any creation of the coinage concept used by other proof-of-stake cryptocurrencies. VCP distributes a total of 1 billion tokens in the genesis block.
Every 60 seconds, the blocks are created averagely, and then VCP is redistributed to successfully generate a block as there is the existence of full token supplies, known as the forging process. Normally, transactions are considered safe after its ten-block confirmations and VCP current architecture and block size cap open for processing up to 367,200 transactions per day.
VCP transactions depend on core transaction series that are not necessarily script processing or input/output processing on network nodes. These transactions originally allow core support for asset exchange, encrypted messages, alias registration, digital goods store, voting system, phased transactions, monetary system, account control, account properties, cloud data and more.
2 How to Get VCP?
Normally, when you want to get tokens, you either buy from an exchange or P2P or build mining equipment to mine tokens. However, unlike mining Bitcoin, you do not need powerful mining hardware to mine VCP tokens. In addition, since VCP uses a proof of stake system, you can easily get tokens by staking VCP.
3 VCP Tokens Distribution
As for ICO, VCP has a total supply of 1 billion coins in its lifetime. By that, it means no extra coins are offered anymore. In the staking process, forgers need to store a certain amount of VCP tokens to create a new block for rewards. The transaction fees within the block have calculated the additional rewards tokens as a result of the block generated.
Once the new block is created, VCP will redistribute the reward tokens according to the transaction fees. Unlike other forging algorithms where new tokens are generated once the new block is created.
4 Where to Get VCP?
Currently, many exchange platforms are supporting VCP. Meaning that you can buy, sell and swap VCP on platforms like Coinbase, Localbitcoins, Huobi, BinanceP2P, Bitstamp, or any exchanges that you may find.
5 Is VCP Coin Risky?
Every investment is risky. Some say that the higher the risk, the higher the rewards. However, it depends on your attitudes towards risk, whether you are a risk-taker or risk-averse. Therefore, it is crucial to plan your budget, financial plan, risk assessment and risk management accordingly.
Unlike stocks or bond markets, every cryptocurrency has high speculation and high risk as there are no specific financial statements or audited reports, so it is not easy for investors to have accurate, predictable cash flow. Mostly, investors get their return output by the upsurge in VCP price coins.
Based on the observation, VCP does not specify any details of their foundation team description, and its white paper only describes its technical features without mentioning tokenization, roadmap and economics. Hence, it is hard to say there are certainly no risks in this VCP coin; as a wise investor, we recommend you further understand the details of its fundamental acknowledgment.
6 Do VCP coins have an airdrop event or free mining?
VCP adopts the proof of stake blockchain model. Therefore, you cannot mine VCP using your mining hardware equipment. However, you can buy and stake extra VCP tokens as rewards. Moreover, it is uncertain that VCP tokens have a free airdrop for its community. You can check out VCP’s website, telegram, or other social media platforms for more updates.