Currency + Reserve
Although the competition amongst crypto-currencies is intense at present, I have no doubt that with these features, VeriCoin will be one of those to break-through, perhaps some-day challenging Bitcoin itself.
Dr. Tom Holden, PhD Macroeconomics Oxford / Lecturer - University of SurreyOur Scalable Digital Currency + Reserve Ecosystem
Currently digital currencies face the impractical task of trying to be both a quick and efficient currency while also maintaining integrity as a secure store of value. VeriCoin (a Digital Currency) and Verium (a Digital Reserve) were developed to address this issue by leveraging two different but independently distinct types of blockchains. When we merge these two *unique* chains together, we will form an entirely new scalable ecosystem that we refer to as Binary-Chain.
Using the Binary-Chain will further increase the fast transaction speeds of VeriCoin while progressively securing the store of value generated by Verium.
The two specialized chains embody two specific technologies that when coupled, will exponentially enhance the best of both technologies. By integrating VeriCoin’s “Proof-of-Stake-Time” protocol and Verium’s “Proof-of-Work-Time” protocol into a symbiotic, groundbreaking and innovative set of financial tools - the Binary-Chain will enable users and merchants to transact, trade and/or create completely on-chain without depending on any third party or secondary layer solution.
- Full decentralization through two chains (PoST and PoWT)
- Complete immutability
- A fully secure digital financial system
VeriCoin - The Digital Currency + Verium - The Digital Reserve
VeriCoin - The Digital Currency
A purely digital currency that runs on its own protocol PoST (Proof-of-Stake-Time).
VeriCoin, the Currency, (Ticker: VRC) transactions are currently 10 times faster than Bitcoin, nearly instant and via Verium will become even faster. Unlike Bitcoin, you gain rewards like a savings account by simply leaving your digital wallet running on your computer. This process is known as staking, another form of digital minting of new coins, and helps validate transactions on the VeriCoin network. VeriCoin allows anyone in the world with an internet connection the ability to transfer and receive funds in a matter of seconds. People who are not able to, or do not have access to a bank account, will now have access to an already established and flourishing financial network. VeriCoin is backed by the technology that will change the world in a variety of ways.
Learn MoreVeriCoin Benefits
- Earn Rewards By Staking Your VeriCoin
- Lightning Fast Transactions. Confirmations In Less Than 5 Seconds
- Near-Zero Transaction Costs. (Only .0001 VRC)
- Exponentially More Secure Than Traditional POS
- Energy Efficient Network Consensus
Verium - The Digital Reserve
CPU Mineable (ASIC / GPU Resistant) Proof of Work featuring a variable blocktime that scales as mining power grows.
Verium (Ticker: VRM) was created to be an innovative, independent store of value asset, in addition to supporting the VeriCoin blockchain. Verium solves the blockchain scaling issue by introducing a new variable block-time paradigm that speeds up as mining power increases. This allows Verium to automatically scale, enhance transaction speed and capacity, while ensuring security at any level of mining. Through Verium’s auxiliary mining protocol (AuxPOW), Verium will also process VeriCoin blocks. When implemented, this process will speed up VeriCoin’s block-time to 30 seconds or faster and allow for Verium miners to also receive VeriCoin as block rewards. This enables VeriCoin’s network to provide an efficient and scalable ecosystem for consumer transactions well beyond current standards.
Learn MoreVerium Benefits
- Mine With Your CPU
- ASIC and GPU Resistant Means True Decentralization
- Variable Blocktime That Increases As Mining Power Increases
The Binary Chain - Proof of Work + Proof of Stake - Paired By Design
Paired Strengths
Added Speed & Security
Economically Sound
Opportunity Through Accessibility
Accessibility and Opportunity. The two must exist together.
Opportunity without access is not really opportunity.
Likewise, accessibility without fair opportunity is pointless.
The core of the VeriConomy, consisting of VeriCoin and Verium, is based on these two principles.
- Verium
- CPU mining (ASIC & GPU Resistant)
- One-Click P2Pool Mining (coming soon)
- VeriCoin
- No minimum stake amount to earn interest
- Effectively free transactions
- P2P trade between VeriCoin and Verium (coming soon)
- Binary Chain further enables both opportunity and accessibility for the Ecosystem
