ValueCash - Totally decentralized and self-governing Commerce entity

Introduction of ValueCash

The legitimacy of every cryptocurrency's coins is given by a blockchain. A blockchain is a persistently growing list of records, called blocks, which are connected and secured utilizing cryptography. Each piece commonly contains a hash pointer as a connection to a past piece a timestamp and exchange information. By outline, blockchains are inalienably impervious to adjustment of the information. It is "an open, conveyed record that can record exchanges between two gatherings proficiently and in an undeniable and lasting way". For use as an appropriated record, a blockchain is commonly overseen by a shared system by and large holding fast to a convention for approving new pieces. Once recorded, the information in any given square can't be modified retroactively without the modification of every single ensuing piece, which requires conspiracy of the system lion's share.

Using cryptocurrency for payment is always the best! I mean… The sensation is really superb and you can’t get this kind of sensation when paying with fiat currency.

However, as more and more people are joining the fun nowadays, the fee is getting out of control and it’s really bad.

Recently, a new project called ValueCash offers a 0 transaction fee with PoS and PoT Protocol features which are fairly new and fresh in the market.

Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. It solves the double spending problem without the need of a trusted authority or central server.

The block time is the average time it takes for the network to generate one extra block in the blockchain. Some blockchains create a new block as frequently as every five seconds. By the time of block completion, the included data becomes verifiable. This is practically when the money transaction takes place, so a shorter block time means faster transactions

ValueCash is a completely decentralized and self-governing Commerce entity. With ValueCash, Holders can make payments for goods and services while simultaneously creating new ValueCash through purchase and acceptance.

ValueCash is an Open Ledger Technology. It will be used basically for Commerce, Escrow and Exchange. ValueCash is a blockchain solution that is fast enough to process transactions on an immutable, decentralized ledger in a way that supports near-instant responsiveness for Internet-and-mobile based software. It will be based on Proof-of-Trade (PoT) and Proof of Stake (PoS) system (or protocol, or function) which will be an economic measure to deter denial of service attacks and other service abuses such as spam on the valuecash network by requiring some Trade Proof from the service requester.

The ValueCash ecosystem is designed to contribute its distinct protocol as a key component of the growing crypto-economy and a market driving catalyst to reform the existing status-quo of the Commerce Sector and the Blockchain Technology.

FEATURES

PoT PROTOCOL

Valuecash houses a particular protocol, called the PoT Protocol.

"Evidence of Trade", which joins the hearty idea of business and the blockchain innovation, utilizing cryptographic strategies to distrupt and change.

The PoT protocol is arranged to place control under the hands of the crypto-community by getting to be validators of their exchanges, while likewise making 10% new valuecash as a reward.

VALUECASH COIN CREATION AND DISTRIBUTION

If a Buyer patronizes a Merchant of goods worth 100 XVL, 10% of the transaction Volume which is 10 XVL, will be created as new ValueCash, it will be distributed among the Buyer, Merchant, Affiliate and Blockchain Security and Project Development in the ratio 5:2:1:2 respectively and added to the current ValueCash supply.

This means that Buyers get 50% of the New Coin, Merchants get 20%,Affiliates get 10% while 20% goes to the Security of ValueCash BlockChain Network, Future Development and Marketing.

VISION

There is nothing more vital than appreciating the overflowing conceivable outcomes of the Blockchain Technology, far reaching access to the Commerce Sector. Full cooperation in the Crypto-Economy to drive another period of Commerce, Rewards, Development and Productivity.

THE PROBLEM

Inflation has influenced the world to disregard the GOLDEN AGE. We don't appear to comprehend why $100 in the year 2001 can not manage the cost of what it could, this year. However, wages and pay rates are not expanded while demise rate increments in war, crime and diseases just to say a couple of in light of the fact that we can not manage the cost of our future.

SOLUTION

ValueCash as a cryptocurrency is outlined with the idea of the PoT Protocol which engages individuals to gain while they spend. With this, individuals will be urged to work harder and more astute. Individuals will have all the more burning through cash and more prominent flexibility of decision will take its shape among humanity.

PROMISES

We are building a Blockchain and Commerce Ecosystem in a different dimension and we want our community to be part of it as our token Holders and Validators. As much as we believe in the democratization of digital transaction, we also believe in returning power back into the hands of the community.

THE VALUE TOKEN

The value token of the ValueCash Blockchain is called ValueCash while ValueBit is the smallest unit of the ValueCash currency recorded on the Blockchain. It is one trillionth of a single ValueCash (0.000000000001 XVL or 1 XVL = 1 000 000 000 000 ValueBits). The unit has been named to further corroborate the future growth of ValueCash because of its limited Maximum Supply of 18 000 000.

Predefined Maximum Coin Supply - 18 000 000 ValueCash :

• Pre-mined - 3 500 000 ValueCash

• Proof of Trade - 12 000 000 ValueCash

• Proof of Stake - 2 500 000 ValueCash

Pre-mined - 3 500 000 ValueCash :

• Founders & Development Team - 500 000 ValueCash

• Early Investors - 300 000 ValueCash

• Initial Coin Offering - 2 700 000 ValueCash

Initial Coin Offering ICO - 2 700 000 ValueCash :

• ICO Sales Bonuses - 300 000 ValueCash

• Pre ICO/ ICO Phase I Sale - 200 000 ValueCash

• ICO Bounty - 200 000 ValueCash

• ICO Phase II Sales - 2 000 000 ValueCash

THE VALUE CASH HALVING SYSTEM

The halving will continually be experienced every time there is 18 000 000 ValueCash transaction Volume and subsequent reward will be halved

ValueCash is giving 200,000 XVL Tokens through a variety of Bounty Campaigns.

Weekly Allocation will take place throughout the below-mentioned dates:

• Week 1 - February 6, 2018 - February 12, 2018

• Week 2 - February 13, 2018 - February 19, 2018

• Week 3 - February 20, 2018 - February 26, 2018

• Week 4 - February 27, 2018 - March 5, 2018

• Week 5 - March 6, 2018 - March 12, 2018

• Week 6 - March 13, 2018 - March 19, 2018

DEVELOPMENT TEAM AND ADVISORS

The ValueCash development team is comprised of group of Developers, IT Consultants, Marketers, Entrepreneurs, Cryptocurrency enthusiasts with over 12 years of broad experience across different parts of the world.

Be a part of this incredible project. Download the WhitePaper for the full scoop.

Till next time...

For more information:

Web : https://valuecash.com

Facebook : https://www.facebook.com/valuecashxvlcoin

Reddit : https://www.reddit.com/user/valuecashxvl/

Bitcointalk : https://bitcointalk.org/index.php?topic=2887608.0

Twitter : https://twitter.com/valuecashxvl

Instagram : https://www.instagram.com/xvlvaluecash

Medium : https://medium.com/@valuecashcoin

Youtube: https://www.youtube.com/channel/UCmF2GH68Iq7tts8vkdjChDA/

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035