VGO (Virtual Goods Token) is committed to addressing many of the limitations of Bitcoin systems. As a transactional daily currency, it aims to provide a scalable and sustainable alternative to Bitcoin.VGO is a Bitcoin fork project, with algorithms mainly including SHA256 and RIPEMD160. Bitcoin combines the applications of these two hash algorithms into two functions: hash256 (d)=sha256 (sha256 (d)) and hash160 (d)=ripemd160 (sha256 (d)), where d is the set of bytes to be hashed, generating hexadecimal values of 256 bits (32 bytes) and 160 bits (20 bytes), respectively. Hash256 is mainly used to generate identifiers such as block IDs, transaction IDs, etc., while hash160 is mainly used to generate VGO addresses. The above algorithms can be mined on any computer and never require specialized mining equipment,VGO can achieve efficient transaction confirmation. And the VVM (VGO Virtual Machine) smart contract virtual machine is used to encode and run smart contracts, providing a faster and more scalable blockchain platform that is more suitable for daily trading use.
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