What is Virgo
Virgo community The technology behind decentralized blockchain network is more advanced. The sun and the function of the network is well known theoretically. But when it comes to turning theory into practice, developers have a hard time creating blockchains that possess all three of the proposed fundamental features. Scalability, decentralization, and security are the core features of blockchain technology, However, it is not easy to maintain all aspects with the concepts that are currently known of. This idea is called blockchain trilemma. For some, achieving all three aspects is an impossible. However, there are still ambitious developers who believe that blockchain networks can have all three. In the article, I will be explaining Virgo, a high-performance cryptocurrency for the creation of decentralized applications. What is Virgo Virgo is a high performance cryptocurrency for the formation of decentralized applications. It is based on a Directed Acyclic Graph (DAG), unlike most cryptocurrencies that are based on blockchain. Virgo has no specific limits of transactions per second because of its design . This implies that its performance depends only on the optimization of its code, the computing power of the machine that executes it, and the speed of the internet network. Virgo’s main interest is to provide developers with the best possible tools for creating and distributing decentralized applications that consist of a high-performance cryptocurrency responding to the blockchain trilemma, then, in a second step, of a dApps distribution platform in the AppStore style, easy to use and fully decentralized. Virgo store Virgo store will helps people to easily find and use applications. To make the applications more easier to us, they are making use of high performance cryptocurrencies that can be used at scale, this currency is titled Vigocoin (VGO). In order to display available applications the store will use an imported list of apps. Virgo gives developers control over the app publishing process, hence giving them a power of creativity. Applications will be distributed through a decentralized file system, this will allow users to be able to create and publish their app without anyone’s approval. Users will be able to use the services continuously without fear of their data being sold or shared. Virgo Farm Virgo’s goal is to allow people supporting the project to be rewarded without going through the risk of market manipulation. Thus, the team looked for the most reasonable way to distribute the VGOs so that there won’t a particular group of people controlling the project. The solution is named Virgo farm. Virgo farm will be a smart contract that allows users to block their VGOs for at least one month and in return, they will be rewarded with new VGOs each week, up to 25% per year. This way, supply will slowly and steadily flow into the market, allowing new investors to buy but not whales to take over all the market and own it! In conclusion, Virgo is the first decentralized application distribution platform that uses a distributed file system to address blockchain trilemma.