Vcash is a decentralized cryptocurrency which allows users to send transactions worldwide without needing to worry about anyone censoring or eavesdropping on their transaction. Vcash utilizes a triple layer encrypted network for sending transactions, and an instant-send feature called ZeroTime instantly sends payments to a recipient. The Peercoin blockchain was used as a reference point while the Vcash blockchain was being built, thus allowing interoperability and backwards compatibility between the two blockchains. A Proof-of-Stake consensus is used to power transactions. However, the annual interest rate that users receive for staking is only 0.7% (growing to 1% by 2019) because these interest rates are only made to recoup destroyed transaction fees and provide a low inflation.
Vcash (XVC) is the digital coin of the Vcash blockchain that can be sent peer-to-peer and staked.