Viacoin (VIA) is a cryptocurrency project that uses a special mining algorithm. Developed using the Scrypt mining infrastructure, this unique algorithm allows miners to mine much faster with the same hardware, and it is observed that the transaction speed is approximately 30 times faster than Bitcoin.
Viacoin is designed especially for individuals who want to make small payments. With nearly negligible transaction fees, it has become suitable for daily trading activities.
VIA could be the sought-after solution for everything and everyone turning to the digital sector. Although Bitcoin remains the leading cryptocurrency, the rise of an average transaction fee to $11 makes it impractical for daily transactions.
At the time of writing, VIA Coin is ranked as the 661st cryptocurrency and has a total market value of over $7 million, with a 24-hour trading volume reaching 59 BTC. This indicates that the project is still active.
Binance is the most popular platform for users looking to purchase VIA Coin. The liquidity and security provided by Binance also influence investors’ preference.