Binary-Chain Explained
Current digital currencies face an impossible task of trying to be both a fast currency and a secure store of value. VeriCoin and Verium together solve this problem with the groundbreaking dual blockchain system called Binary-Chain. Binary-Chain, secures and accelerates transactions by leveraging complementary protocol technologies (PoST [Proof-of-stake-Time] and PoWT [Proof-of-work-Time]), into a cutting edge blockchain ecosystem. This results in:
- Reduced transaction times for VeriCoin (as fast as 30 seconds).
- Improved Verium transaction times from 5 minutes down to 1 to 3 minutes.
- Full decentralization through two chains (PoST and PoWT)
- Complete immutability
- A fully secure digital financial system
The Benefits of the VeriCoin and Verium’s Groundbreaking
Binary-Chain
The chains are self-sustaining and with no single central point of failure making them truly unique.
Together they create a more secure, faster and safer financial system.
Fast Transactions With Low Fees
VeriCoin transactions are currently 10x faster than Bitcoin and will be even faster when paired with Verium. Transaction fees are minuscule.
High Mining Rewards
Miners earn Verium through Proof-of-Work-Time (PoWT) with higher fees and slower block times.
CPU Mining = Decentralization
Verium can be mined by anyone with a PC or laptop. Verium is ASIC and GPU resistant allowing anyone to participate. This creates a more decentralized network and improved security over centralized mining schemes.
Two Way Communication
VeriCoin and Verium were designed to be compatible with shared addresses and private keys. Upon future release of Artis (see Roadmap), you’ll be able to easily exchange your Verium & VeriCoin across chains without the need for a 3rd party.
Discover VeriCoin & Verium
VeriCoin – The Digital Currency
A purely digital currency that runs on its own protocol PoST (Proof-of-Stake-Time), which is unique to VeriCoin.
VeriCoin (Ticker: VRC) transactions are currently 10 times faster than Bitcoin, nearly instant and via Verium will become even faster. Unlike Bitcoin, you gain interest 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.
Download VeriCoin Wallet - Version 2.0.0
Download Proof of Stake Time (PoST) Whitepaper
- Downloadable PDF Version
- English
Verium – The Digital Commodity
A purely digital commodity which runs on it’s own unique protocol PoWT (Proof of Work Time).
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, Verium will also process VeriCoin blocks. This process will speed up VeriCoin’s block-time to 30 seconds or faster. This enables VeriCoin’s network to provide an efficient and scalable ecosystem for consumer transactions well beyond current standards. Verium is accessible to anyone with a PC or laptop in three easy steps. Download, install and click to mine. It’s that easy!
Download Verium Wallet - Version 1.3.1
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