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VCash Report

VCashVCash combines the characteristics of Bitcoin with Mimblewimble technology. It inherits Bitcoin’s distribution mechanism and leverages on Grin’s privacy protocol by using Mimblewimble implementation.VCash adopts Merged Mining to allow mining of VCash and Bitcoin simultaneously with the same ‘Proof-of-Work’ (POW) algorithm. Blockchains that utilize the POW algorithm are susceptible to the risk of a 51% attack on the network. However, Bitcoin has the largest number of miners worldwide and widely distributed hashing power, which significantly lowers the risk of a 51% attack. With Merged Mining, VCash is able to leverage on Bitcoin’s hashing power with the support from Bitcoin mining pools. Therefore, VCash possesses the same level of security as Bitcoin and launching a 5...

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