Vkax is a decentralized experimental that is created to bridge the gap that other crypto have closed. It is born out of the need to create easy mining algorithm that are user friendly and devoid of asic mining. It uses its own algorithm called ‘Mike’ a variant of ghostrider algorithm. Its a digital experimental currency that uses fast, private payments to anyone at any time of the day with no limitations. Vkax uses peer-to-peer technology to operate with no central authority like dash etc: managing transactions and issuing money are carried out collectively by the network. Vkax Core is the name of the open source software which enables the use of this currency. Vkax is a complete fork of Dash coin which uses Masternodes and other technology to secure its blockchain.
Vkax uses the mike’s algorithm which is a variant of the ghostrider algorithm and uses a smooth difficulty process
Mining of vkax gives out the sum of 10,000 VKAX out of which 2250 VKAX goes to Masternode owners, Miners get 6,750 Vkax and 10% for proposal and budget payments which is 1000 Vkax. This 10,000 VKAX would stay until height 1950005 and within that period subsidy at every block height 210240 would take place. After height 1950005 reward would fall back to 500 VKAX and so on.
Future updates would see reward for mobile device mining. This concept would see mobile devices turning on miner that is not power consumption. Various technology like proposal, masternode are already running and this would be called mobilenode. I would put down a detailed process of how it would work and how we are going to achieve this. Who would be involved in the development. This is summarized as follows:
Mode of work, rewards and how it’s going to be runned including registration for the mobilenode
How it’s going to be achieved