VIVO price is $0.00705694
The current price of the VIVO cryptocurrency is $ 0.00705694. In the last 24 hours, its price has decreased by -1.74%.
VIVO is a decentralized cryptocurrency, utilizing the implementation of Masternodes and anonymous transactions that provide incentives for holding the currency. Unlike some of its competitors, VIVO makes it easy to mine on traditional desktop computers. It promotes the utilization of existing resources instead of pushing for high-end equipment.
The people behind VIVO have chosen to remain anonymous, similar to the creator of Bitcoin, Satoshi Nakamoto. This follows the spirit of decentralization, where emphasis is placed on the technology and benefits it can provide rather than the individuals behind it.
VIVO operates like most other cryptocurrencies. It uses blockchain technology, with transactions being recorded on a public ledger. VIVO stands out with its Proof of Stake (PoS) consensus mechanism. This is a method in which a cryptocurrency blockchain network attains distributed consensus. It means that unlike Proof of Work systems (like Bitcoin), where the algorithm rewards participants who solve complicated mathematical problems with the aim of validating transactions and creating new blocks, under a PoS system, the creator of a new block is determined in a deterministic way, depending on its wealth, defined as stake.
VIVO's implementation of Masternodes is what particularly distinguishes it from other digital coins. Masternodes are powerful servers backed by collateral held in VIVO. They provide advanced functions such as instant send, privacy, and governance to maximize network efficiency, security, and reliability. VIVO also uses the NeoScrypt algorithm, a strong memory intensive algorithm that remains resistant to ASIC mining. This makes the coin highly attractive to home miners, who can mine VIVO using standard, easily accessible hardware.
The circulating supply of VIVO at present is , out of a total supply of 1.1M.
VIVO is a decentralized cryptocurrency, meaning that it operates on a network of computers dispersed around the world. This distribution of nodes works together to maintain the blockchain's integrity, thereby maximizing security. Additionally, VIVO's use of Masternodes and anonymous transactions further increase the security and privacy of transactions, making them nearly impossible to trace.
VIVO cryptocurrency can be purchased on several digital asset exchanges, including Cryptopia, Nova. Remember to do your proper research before investing, and never invest more than what you can afford to lose.
Storing your VIVO securely is an essential step in owning and handling digital currency. The key to storing VIVO safely is utilizing a digital wallet that supports this currency. Always remember to protect your private keys and consider using hardware wallets for an additional layer of security. Furthermore, it's critical to keep your system antivirus updated, and never share sensitive information regarding your holdings with unknown parties to avoid phishing attempts and scams.
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