VINCOIN CASH HARD FORK OF MONERO

Transcription

1 VINCOIN CASH HARD FORK OF MONERO White Paper ver. 1.3

2 Quick Introduction to Statistical Research Before we start our introduction to Vincoin Cash we would like to introduce you to the following research report which analyzed the current cryptocurrency market. The report concluded that privacy cryptocurrency coins such as Monero, Zcash and VinCoin Cash will become the most popular cyrptoassests within 3-5 years. Because of the ever-growing requirements for regulation, KYC & AML the report finds that the majority of the crypto community will choose untraceable coins. Estimated Market Capitalization of Cryptoassets by Sector Currencies Platform Privacy Other Source: Satis Research Market capitalization ($B) $427 $57 $22 1 year $3 $999 $106 $65 3 years $11 $2,569 $1,417 $826 $338 $72 $88 $29 5 years 10 years $94 Estimated Cryptoasset Market Capitalization Source: Satis Research Market capitalization ($B) $3226 $2879 $2536 $2195 $1856 $1520 $1181 $846 $509 $ % CAGR +52% CAGR +26% CAGR +14% CAGR $3577 VINCOIN CASH 1

3 Estimated Value of Top 10 Cryptoassets Over Time Statis Research Estimated that our big brother (Monero) will go on the top of Privacy coins in 10 years. BTC ETH XRP BCH EOS XLM LTC ADA XMR DASH Current $7,050 $292 $0.3 $558 $6 $0.2 $62 $0.1 $103 $188 Year 1 Year 3 Year 5 Year 10 Est. Upside Est. Upside Est. Upside Est. Upside $32,914 $882 $0.0 $258 $0.05 $.01 $65 $0.00 $1,476 $ % 202% -90% -54% -96% 4% 1336% 55% $71,746 $788 $0,04 $312 $3.6 $0.01 $146 $0.001 $6,497 $ % 170% -88% -44% -42% -95% 135% 6218% 382% $96,378 $686 $0.01 $268 $4.5 $0.02 $134 $0.001 $18,498 $1, % 135% -97% -52% -29% -91% 115% 17887% 910% $143,900 $588 $0.004 $180 $4.8 $0.02 $225 $0.001 $39,584 $2, % 101% -68% -24% -90% 262% 38,391% 1459% VINCOIN CASH 2

4 Why we chose the CryptoNote protocol? We are a group of crypto enthusiasts who believe that blockchain technology will create a better world, so we decided to create a coin which will be simple to use, mine and transact. We have chosen CryptoNote, Monero s algorithm for a few very important reasons: Transactions are untraceable Blockchain is Secure Blockchain is Private It s Fungible Technical White Paper of CryptoNote protocol here: White Paper Our Mission We aim to build a more open, accessible and fair financial future one piece of software at a time. Our technology is revolutionizing the financial services industry by empowering millions across the globe to authenticate and transact immediately without costly intermediaries. Vincoin Cash is decentralized, and this means Vincoin Cash doesn't have a person or institution that creates new coins. New coins are created by miners, and those miners could be you, your friends, family or colleagues. Vincoin Cash can be mined using your own pc, or laptop without any special hardware (can be mined by CPU and GPU). VINCOIN CASH 3

5 Vincoin Cash & Monero Values Vincoin Cash it s not just a fork of Monero, it s an opportunity for people who were unaware of crypto before 2017 to enter into the crypto space with minimum effort and cost. VINCOIN CASH Security Users must be able to trust Vincoin Cash with their transactions, without risk of error or attack. All transactions are cryptographically secured. Privacy Vincoin Cash needs to be able to protect users in a court of law and in extreme cases, from the death penalty. Real Decentralization Vincoin Cash is completely decentralized. With Vincoin Cash, you do not have to trust anyone else on the network. The network is not run by any large group. An accessible Proof of Work algorithm makes it easy to mine Vincoin Cash on normal computers which makes it more difficult for someone to purchase a large amount of mining power. Wallet Encryption Mining of Vincoin Cash (VNC) can be achieved either by solo mining, or pool mining. Are you new to cryptocurrency and mining? Simply download the wallet, set it up in seconds, then click on the mining tab and hit Start mining and receive Vincoin Cash (VNC) rewards. VINCOIN CASH 4

6 Technical Specification No pre-mine, no instant mine, no token Proof of Work Difficulty retarget Block time Block reward Block size Emission curve Max supply Sender privacy Recipient privacy - Vincoin Cash had no pre-mine or instant mine - Vincoin Cash did not sell any token - Vincoin Cash had no presale of any kind CryptoNight Every block - 2 minutes - May change in the future if emission curve is preserved - Smoothly decreasing and subject to penalties for blocks greater than median size of the last 100blocks (M100) - See the latest block coinbase transaction amount for current reward Dynamic, maximum of 2 * M100 First, main curve: 8,600,000 million coins by the end of January 2020 then, main emission will be 1% per year for covering miners reward for confirming transactions Infinitive (8.6M + 1% per year) Ring signatures Stealth addresses Comparison chart: Vincoin Cash vs Monero, our big brother. Symbol Algorithm Mineable Consensus Start Date Last coin will be mined Total Supply Hashrate Easy to start Mining Block Reward Website Source Code Whitepaper Explorer VNC CryptoNight Yes Proof of Work (PoW) Now 2017 January ,600,000 VINC MH/s Yes 18 Vincoin.cash GitHub Vincoin Cash URL XMR CryptoNight Yes Proof of Work (PoW) April 2014 May ,132,000 XMR Mh/s No 4 Getmonero.org GitHub Monero URL VINCOIN CASH 5

7 Mine Vincoin Cash Mining of Vincoin Cash (VNC) can be achieved either by Solo mining, or pool mining. Are you new to cryptocurrency and mining? Just download the wallet, set it up in seconds, and then click on the mining tab and hit Start mining and receive Vincoin Cash (VNC) rewards. Download wallet/miner WINDOWS Download wallet/miner MacOS Trade Vincoin Cash Vincoin Cash can be easily purchased and sold on a number of exchanges using all types of currencies. Find the one that's right for you and get coins in minutes. *Vincoin Cash can be identified on exchanges under currency symbol VNC Road Map Q Added to first Exchange Vincoin Cash will be added to the first exchange and open trading will start. Q Adding new languages Finishing off adding interface to the wallets, explorer, mining. Add Vietnamese, Malaysian, ndonesian language. Q Start Expanding Cambodia & Laos Start expanding of Vincoin Cash in Cambodia and Laos. Explain benefits and potential of Vincoin Cash. Creating local ambassadors program. Q Business partnerships Start approaching small and big business. Q Launched VNC online services Top up phone, costumer programs, small business payments. Q Start Expanding Thailand and Malaysia Start expanding in Thailand and Malaysia. Explained benefits and potential of Vincoin Cash. Creating local ambassadors program. Q VNC > VND exchange Created official VNC > VND and VND > VNC exchanges. January 21, 2020 Last Vincoin Cash is mined On this day the last coin will be mined and there will be no opportunity to mine any further coins except 1%-year inflation rate (future miners rewards) Started big Journey. Platform for business We are expecting to get government accreditation as an exchange coin in South-East Asia. We will gain Accreditation from government VINCOIN CASH 6

8 Team We are the team of professionals with varying areas of expertise; a young, enterprising team that has been able to take advantage of previous projects. Our most valuable resource is our team of professionals. We strive to find the best talent who are passionate about our vision. We work hard to create the best environment for them to do things they love. We respect their previous achievements and their privacy. We will introduce more about our team on our Medium in the future. NickVasilich Idea & Execution Artem Makovetskiy Design & Coding Vladymyr Horvat Design & Development LinkedIn LinkedIn LinkedIn Michael Reynolds Marketing Nikita Nekachaylo Community manager Vadym Chebanenko Social media LinkedIn LinkedIn LinkedIn And, Blockchain Developers, Advisors, Analyst, Business Developers, SMM and Copyright team member and Advisors, from around the globe. Disclaimer We will never run an ICO and we will not sell coins as all coins must be mined. The value of the coin will be defined by the community and open markets. VINCOIN CASH 7