VeriCoin is quite a unique concept among cryptocurrencies, together with Verium combine both a digital currency with a digital reserve. It uses a dual blockchain system known as a binary-chain this in turn speeds up transactions for both VeriCoin to within 30 seconds and Verium to within 3 minutes.
Both of these use a different protocol, VeriCoin uses Proof of Stake Time (PoST) and Verium uses Proof of Work Time (PoWT).
VeriCoin transactions are already around 10 times faster than Bitcoin transactions but when used with Verium they will be even faster. Another advantage to VeriCoin is that the PoST protocol used means you can gain interest on your coins just by leaving your digital wallet running also known as staking.
Recent cryptocurrency news
The vast power and potential of the Internet as a medium for trade and business has been utilized through the years. Multiple e-commerce platforms have been developed and is taking advantage of the digital world’s [...]
Cryptocurrencies are quickly becoming one of the most sought-after trading and investment instruments. While the concept of Bitcoin was foreign to the average trader only a handful of years ago, recent statistics have shown that [...]
The blockchain technology has revolutionized the financial transactions in the last few years. 2019 is going to be the year when this technology will influence the e-commerce market to a great extent. The fact that [...]