Though derived from the Bitcoin protocol it has a transaction speed that is 25X faster than Bitcoin and built using Python and C++.
It’s the technical understanding behind the team that has also led to the development of a HD key generation allowing for easy securing of their VIA wallets. Viacoin transactions are fast as they are compatible with miner friendly BIP9 algorithm and because of memory optimization ViaCoin is freely scalable.
By design the network is designed to make micro-transactions possible. It’s not hard to see why, in ViaCoin, blocks are created every 24 seconds and transaction fees are miniscule. This is besides the network handling more than 175 transactions per second without the need of scaling via Segwit or Lightning Network for example. Furthermore, with BIP 65 implementation, ViaCoin allows cross-chain atomic swaps between different cryptocurrencies by-passing centralized exchanges.
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