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Viacoin is a peer-to-peer cryptocurrency that functions as a faster and more efficient alternative to Bitcoin, utilizing a shorter block time of 24 seconds compared to Bitcoin's 10 minutes. It incorporates advanced features such as merged mining with Bitcoin, atomic swaps for decentralized exchanges, and lightning network compatibility to enable faster transactions. Viacoin aims to serve as a practical medium of exchange while maintaining strong security through its proof-of-work consensus mechanism and compatibility with Bitcoin's established infrastructure.