Viacoin is an open source and decentralized cryptocurrency derived from Bitcoin protocol in 2014. It features Auxiliary proof of work (AuxPoW) and Segregated Witness (SegWit) technologies that help to make transactions scalable, cheaper, and more secure. The project was one of the early efforts used to remedy the flaws exhibited in Bitcoin. The project was started in July 2014 by a person/persons only referred as BTCdrak after forking the Bitcoin core. Another renowned Bitcoin developer, Peter Todd, was introduced to the team as the chief scientist and Advisor. Todd is believed to be the main face of the project but only reintroduced himself as an advisor for legal reasons. After launch, the price of Viacoin remained well below $0.05 mark until March 2017. The only short instance when it went above that mark was around 10th August 2014 when the price rose to $0.28 before retracting to the original range. The price grew with more than 13,200% to hit the highest mark in its history, $6.65, early January 2018. The project’s focus has seen new features getting introduced progressively to improve the network. Some of these features include the Ethereum Virtual Machine (EVM), Schnorr signature and non-atomic flushing.
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