VeriCoin (VRC)

VeriCoin (VRC) is a digital currency that operates on its unique protocol called Proof-of-Stake-Time (PoST). With transaction speeds currently 10 times faster than Bitcoin, VeriCoin offers near-instantaneous transfers of funds worldwide. Users can stake their VeriCoin and earn rewards by leaving their digital wallets running, similar to a savings account. This process helps to validate transactions on the VeriCoin network and contributes to the security and reliability of the currency. VeriCoin aims to provide individuals who may not have access to traditional banking systems access to financial services, making it an inclusive and globally accessible digital currency.

In addition to VeriCoin, the VeriCoin ecosystem is complemented by Verium (VRM), a digital reserve asset. Verium is designed to be an innovative and independent store of value while supporting the VeriCoin blockchain. It utilizes a Proof-of-Work consensus algorithm that is CPU mineable, making it resistant to ASIC and GPU mining. Verium solves the blockchain scaling issue by introducing a variable block-time paradigm that scales up as mining power increases. This enhances transaction speed, capacity, and security at any mining level. When implemented, Verium’s auxiliary mining protocol (AuxPOW) will speed up VeriCoin’s block-time to 30 seconds or faster and enable Verium miners to receive VeriCoin as block rewards. Integrating Verium and VeriCoin creates a powerful and scalable ecosystem that offers increased speed, security, and accessibility for users and merchants alike.

The VeriCoin ecosystem’s unique and groundbreaking feature is the Binary Chain, which combines the strengths of both VeriCoin and Verium. The Binary Chain creates a scalable and economically sound digital ecosystem by pairing the currency and the reserve. VeriCoin’s acceptance of Verium miners’ blocks through AuxPoW further decentralizes the currency and improves security and transaction speeds. VeriCoin costs remain low while Verium miners earn higher fees. By separating the currency and the commodity and pairing their supplies, the VeriConomy provides accessibility and opportunity for all users. The VeriCoin and Verium community is rapidly growing, and they welcome individuals with various skills and talents to join their movement towards creating a better world through decentralized digital currency.