Virel (VRL)

Virel (VRL) introduces an innovative approach to blockchain technology with its unique MiniDAG system, which effectively simulates a Directed Acyclic Graph (DAG) on a linear blockchain. Unlike traditional blockchains, Virel’s infrastructure enables speedy transaction times, producing a new block approximately every 15 seconds. This rapid block generation ensures increased throughput, allowing for a more responsive and efficient network.

The MiniDAG architecture of Virel enhances scalability by pruning unnecessary block data, which significantly reduces the chain size while maintaining high security levels through multi-chain Proof-of-Work. The integration of merge-mining capabilities further strengthens the Virel ecosystem, enabling multiple protocols to share security resources. The underlying RandomVirel mining algorithm is designed to be ASIC-resistant, optimizing mining efficiency, particularly on CPUs, thus promoting an inclusive mining environment.

Virel operates on principles of fairness and transparency, having been completely launched without premine, with development funded through a modest fee based on block rewards. This ensures a level playing field for participants and encourages a decentralized community. Overall, the Virel Protocol aims to create a platform that prioritizes security, scalability, and decentralization, positioning itself as a unique player in the blockchain landscape.