April 1, 2018 8:23:09 PM CEST By Daniil Baturin
Wild success of the blockchain technology on the mass market in the past couple of years is truly remarkable and it allowed many startups to raise substantial capitals. To keep up with those developments, we've been working on vyCoin, a cryptocurrency that will revolutionize the way people think about their network peering.
People will be able to mine vyCoin by routing other people's traffic and pay for traffic routing with it. Through smart contracts, it will be possible to charge vyCoins for routing other people's traffic with it as well. The use cases are endless, from facilitating peering arrangements at Internet exchanges to allowing people to earn something by participating in distributed private networks and ad hoc wireless.
To speed up the adoption, 50% of vyCoins come pre-mined and will be available to early adopters via an ICO. The vyCoin client will be integrated in the VyOS release images along with a kernel module for packet tracking so it will automatically start mining when you route traffic of other networks. The client will be sending 50% of the mined coins back to us as a service fee.
The ICO date will be announced later, meanwhile you can watch the vyCoin introduction video on Youtube.