The Extremely Fast, Secure and Scalable Digital Currency That Pays You Interest
Why VeriCoin
VeriCoin is a purely digital currency that runs on its own protocol, PoST (Proof-of-Stake-Time), which is unique to VeriCoin.
VeriCoin 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. This helps validate transactions on the VeriCoin network allowing 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.
PoST Blockchain
(Proof of Stake Time)
Proof of Stake-Time (PoST) is a novel approach to forming a consensus by introducing a stake-time component, where the probability to stake increases over time. This better incentives staking and enhances the security of the network. It also enhances the decentralization of the consensus, well beyond current standards.
VeriCoin Specs
Network
- No Premine, No IPO
- Minimum Transaction Fee: 0.0001 VRC (Paid to Stakers)
- ​Confirmations: 10,  Maturity: 500
- ​RPC Port: 58683,  P2Port: 58684
Scrypt
- 26,751,452.35 VRC Minted during PoW period
- Ended at Block 20160
- Block Time: 1 minute
- Exponential Difficulty Retarget Each Block
- 2,500 Coins For Each Mined Block
Proof of Stake-Time
- Disinflation targeted interest
- Min Stake Time of 8 Hours for Interest
- No Max Stake Age or Amount
Earn Interest
No mining necessary, just hold your coins in your open wallet on your PC/laptop or mobile device. Network-dependent disinflation targeted interest, is the mechanism for minimizing disinflation and maximizing interest on your investment in VeriCoin. The practical range of disinflation is between 1.5-2.5% and the practical range of interest is between 2-5%(Max 10%).
Disinflation Targeted Interest?
VeriCoin is a disinflationary currency via its PoST (Proof of Stake Time) protocol. Disinflation is an ever decreasing rate of inflation over time. Most Proof of Stake currencies are inflationary. These PoS currencies can face market supply saturation challenges due to ever increasing supply at an ever increasing rate of new supply (inflation). VeriCoin has the most economically sound, long term solution via PoST’s (Proof of Stake Time) disinflationary model.
Earn Interest
No mining necessary, just hold your coins in your open wallet on your PC/laptop or mobile device. Network-dependent disinflation targeted interest, is the mechanism for minimizing disinflation and maximizing interest on your investment in VeriCoin. The practical range of disinflation is between 1.5-2.5% and the practical range of interest is between 2-5%(Max 10%).
Disinflation Targeted Interest?
What is Disinflation Targeted Interest?
Join The VeriCoin Foundation
Do you want to join a fast-growing international community committed to to further improving VeriCoin? Visit the VeriCoin Foundation page and learn how you can get involved today.