5G-CASH VGC Price

What is 5G-CASH (VGC)?

5G-CASH $VGC is a decentralized digital currency that facilitates instant, anonymous transactions worldwide. Built upon Bitcoin's foundational protocol, it integrates advanced privacy features and a hybrid consensus mechanism to enhance security, efficiency, and scalability—key aspects of Web3 infrastructure.

Supply Details: The maximum supply is capped at 100 million $VGC, with an initial premine of 13 million to compensate users from a previous chain.

Development and Community: 5G-CASH $VGC is an open-source project hosted on GitHub, inviting global developer contributions and maintaining transparency, which aligns with Web3 development culture.

Current Status: While the official website is undergoing maintenance, essential resources like the block explorer and source code repository remain accessible, supporting transparency and on-chain verifiability.

Key Features of 5G-CASH $VGC

• Hybrid Consensus Mechanism: Combines Proof of Work (PoW) and Proof of Stake version 3.0 (PoS v3.0), distributing 55% of block rewards to miners and stakers, and 45% to masternode operators. This enhances network decentralization and protects against 51% attacks, aligning with Web3 decentralization principles.
   
• Privacy Protocols: Integrates Sigma Protocol, Dandelion++, and Tor to ensure transaction anonymity and untraceability. These technologies are foundational to Web3 privacy-preserving architecture.
   
• Masternodes: Requires a collateral of 50,000 $VGC, enabling users to participate in decentralized governance and enhance network stability.
   
• Fair Mining: Designed to be accessible to a wide range of hardware, including CPUs, GPUs, FPGAs, ASICs, and even Android devices. This broad accessibility democratizes mining, a principle deeply embedded in the Web3 ecosystem.

Use Cases of 5G-CASH $VGC

• Secure Payments: Facilitates fast, private, and cost-effective transactions, making it ideal for industries ranging from e-commerce to financial services operating on Web3 platforms.
   
• Community Engagement: Supports grassroots initiatives and micro-economies, such as use in the Esperanto community, reinforcing the community-first ethos of Web3.
   
• Decentralized Governance: Empowers users through masternodes and staking, enabling participation in consensus and protocol decisions, a hallmark of Web3 DAO structures. 

Conclusion

5G-CASH $VGC presents a compelling solution for secure, private, and inclusive digital transactions. Its hybrid consensus model, combined with cutting-edge privacy technologies, positions it as a valuable asset in the broader Web3 landscape. With continued community involvement, open-source development, and expanding use cases, 5G-CASH $VGC exemplifies the type of decentralized innovation reshaping the blockchain industry.

What is unique about 5G-CASH (VGC)?

5G-CASH $VGC’s hybrid consensus mechanism blending PoW and PoS v3.0, along with robust privacy features like Sigma Protocol, Dandelion++, and Tor integration.

Who are the founders of 5G-CASH (VGC)?

The founders of 5G-CASH $VGC are Jens Meurer, Thomas Schmid, and Michael Grosse.

Who are the backers/investors of 5G-CASH (VGC)?

Specific backers or partners of 5G-CASH $VGC are not publicly disclosed.