Venoty

What is Venoty

Venoty is a digital currency that enables instant payments to anyone, anywhere in the world and uses peer-to-peer technology to operate with no central authority.

The Venoty platform was customized in accordance with the needs of the child, with its own content, and it was created by educational and IT specialists. Venoty will become, in time, the perfect tool to guide the child into his or her own personal development process.

Venoty is designed for responsible parents who want to educate their children in a creative way and provide them with correct, balanced and well-structured information according to their needs from birth (or even earlier) until teenage years.

Venoty offers you the first personalized platform for child's needs, created by education, psychology and IT specialists based on blockchain technology.

Why Personalized?

Because each congenial stage of a children’s development needs to be carefully structured.We must take into account the child's ability to understand some information so that the learning process is as easy as possible.

By structuring the information we provide the resources they need for a correct development but through an "organized disorder", from rhyme to riddles, fools sounds to phoniatric exercises, mathematical activities and interactive verbal activities we will inspire and develop the creative mind.

Creative imagination and imaginative play in small children deal with how they respond to dance, stories, music, role play and art.

So we have thought to offer a platform which links all the information together in one place embracing development processes in all geographic areas of the globe.

When something exceeds your ability to understand it becomes something magical, so this is VENOTY.

Venoty coin is a digital currency that enables instant payments to anyone, anywhere in the world and use peer-to-peer technology to operate with no central authority.

Venoty was launched using the scrypt algorithm which we have assessed to be the most suitable algorithm currently available that aligns with our goals. It stands out due to the fact that its more energy efficient compared to other algorithms.

Scrypt allows almost anyone with a CPU/GPU the ability to mine Venoty, the algorithm is ASIC resistant and is using Dark Gravity Wave V3. Dark Gravity Wave (DGW) is an open source difficulty-adjusting algorithm for Bitcoin-based cryptocurrencies.

Evan Duffield authored DGW as a response to a time-warp exploit found in Kimoto’s Gravity Well. DGW is similar to Kimoto Gravity Well, adjusting the difficulty levels every block (instead of every 2016 blocks like Bitcoin) by using statistical data of the last blocks found. This allows block issuing times to remain consistent despite high fluctuations in hashpower, however, it doesn’t suffer from the time-warp exploit.

Version 3.0 was implemented on May 14 of 2014 to further improve difficulty re-targeting with smoother transitions. It also fixes issues with various architectures that had different levels of floating-point accuracy through the use of integers.