Quote from: TheGodson on August 30, 2017, 07:57:44 AM

It appears as though the payment went through. So since it is in the wave wallet is it using the wave blockchain so to speak? Also is there any particular reason why you picked 84 million as the total cap of your coin?

I've read that the mining process for this coin will be different than bitcoin and other altcoins. I'm excited to start mining. Grin

Hello

Yes, at the moment it exists on waves blockchain as a verified token. I've picked 84.000.000 for a few reasons. It's 4 times the cap of Bitcoin, it's easy to calculate and keep track of my give-away campagin https://vialcoin.com/wallets/, and with only 4 mil in give-away bounty and ICO, it will be scarce enough to keep some value, so it's tempting for investors and new users registering. If all goes well, by the time we launch our network will be 500.000 strong, and a ViC will be worth @1$.

I'm really looking forward to start mining it myself, but it's very difficult to approximate a date, since this project has goals set per no of users registered.
Mining power will be limited per user (wallet). Still working out the initial cap, so for now will say 1GH/user. I would like the mining cap to grow by 5% / year. This means, everybody who runs the miner 24/7 earns the same. This, combined with a network that charges a % as a fee, makes it the only coin that charges fair for transactions, pays the miners fairly.

The way I envision the mining process is not easy to achieve, since it's a mix of PoW and PoS, and a whole new language might have to be written. I'd like to do a whole lot more, but for now, stripped to it's bare essentials, it's down to the % fee + mining power capped