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A new coin (VEGACOIN) with the TRIBUS algo which known to be a combination of 3 popular NIST5 algorithms that were created to resist the ability to be calculated by an ASIC (application specific integrated circuit). It also features super fast transactions with a 30 second block times!
The Tribus algorithm helps create an environment where GPU miners can prevail and easily see profitability. This differs from most mining hashes, including Bitcoin, where the prevalence of ASICs has lead to a situation where only those significantly invested in hardware are able to gain any kind of reasonable reward for mining.
The predecessor coin called Denarius is able to handle about 147 transactions per second! Over 20 times faster than Bitcoin and twice as fast as Bitcoin Cash. Denarius sets the standard higher for transaction speeds on a blockchain. So VEGACOIN will be very interesting as to how it will differ to its predecessor but non the less it will carry its lightning fast transactions.
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More to VEGACOIN is they are developing a High-Tech Miner UI.
User Friendly: A miner Interface with focus on ease of use, comprehensive options and features
Full Controlled: We build for you to enjoy your mining hobby. Customise the interface to suit your exact requirements
Save Time: The easiest way to switch different algorithms and pool without many miner softwares
More Importantly the miners are given a fair launch. Giving them Instamine prevention in which 1-500 first blocks only gives 1 VEGA coin. At block 501 to 1000000 the blockreward is 300 VEGA coins, block 1000001 to 2000000 blockreward is 200 coin and block 2000001 to 3000000 is 100 coin. A total of 660,000,000 Total VEGA Mined via PoW. There is a 10% premine will be used as rewards for online auction and dev fees.
PoS will start after block 3000000 with 6% P.A and 8 hours stake age.