Viacoin gains 45% on high volume to trade at 2-week high

One of the highest volume coins today, a relatively light day for crypto trading, is Viacoin (VIA). It is up by 45% to trade at 0.41 mBTC ($0.19).

With the rise, it has advanced to 19th spot in market cap, worth $2.1 million. It is now trading at a 2-week high after coming off peaks near 0.6 mBTC. Compared with some of the coins posting multifold gains followed by 80-90% losses, Viacoin appears to be less volatile thus far in its brief trading history. It has not deviated by more than 50% from its average traded price of 0.4 mBTC.

Its primary venue trading is Bittrex, which dominates over 95% of its volume. Currently, it is only traded against Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term.

According to its website, the coin can be used for decentralized exchange of assets like other coins and owner-issued stocks. However, it says that it is different from other currencies designed for this purpose:

"Viacoin is the first digital currency to launch Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term 2.0 technology on an altchain whereas all previous efforts have focused on leveraging the bitcoin blockchain. However, those attempts to use bitcoin been fraught with technical and political challenges because so far Bitcoin developers have considered those uses as spam and have taken technical measures to prevent them."

Recently, Viacoin said that it has hired Peter Todd, core Bitcoin developer.