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RE: Have you Heard about VIVAcoin?

in #vivacoin8 years ago

No problem. It's a great question.
Viva doesn't having mining like many of the others, I've seen it referred to as Proof of Authority versus the Proof of Work or Stake. So the short answer is, no, there is no mining in VIVA. This is replaced by mints printing the coins, which requires obtaining a Treasure Right from a crown holder.

"VIVA does not use DPOS or any sort of rotating structure or competitive block finding structure at all.
We use a graph based settlement mechanism where each mint is responsible for their chunk of the graph and up to 5 others called affiliates."
Source - Intro to Viva: Part 2

At least this is my understanding of it. :)

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