VGO (Virtual Goods Token, Virtual Goods Token) is committed to solving the many limitations of the Bitcoin system. As a transactional daily currency, it aims to provide a scalable and sustainable alternative to Bitcoin.
VGO is a Bitcoin fork project. The algorithm mainly includes SHA256 and RIPEMD160. Bitcoin combines the application of these two hash algorithms into two functions: hash256(d)=sha256(sha256(d)) and hash160( d)=ripemd160(sha256(d)), where d is the byte array to be hashed, and the two generate 256-bit (32-byte) and 160-bit (20-byte) hexadecimal values ​​respectively. hash256 is mainly used to generate identifiers, such as block ID, transaction ID, etc., while hash160 is mainly used to generate VGO addresses. The above algorithms can be mined on any computer and never require special mining equipment.
VGO can achieve efficient transaction confirmation. And through the VVM (VGO Virtual Machine) smart contract virtual machine to run the smart contract code, it provides a faster and more scalable blockchain platform, which is more suitable for daily transactions.