VeriumReserve (VRM)

VeriumReserve (VRM) is a digital currency part of the VeriCoin and Verium ecosystem. Verium serves as the digital reserve, while VeriCoin is the digital currency. The unique feature of this ecosystem is the Binary-Chain protocol, which combines two different but distinct blockchains. By integrating VeriCoin’s “Proof-of-Stake-Time” protocol and Verium’s “Proof-of-Work-Time” protocol, the Binary Chain enables fast transactions and secure value storage without needing third-party or secondary layer solutions.

VeriCoin (VRC), the digital currency of the ecosystem, offers nearly instant transactions and is currently ten times faster than Bitcoin. Users can earn rewards through staking, which validates transactions and helps maintain the VeriCoin network. Verium (VRM), on the other hand, is a CPU-mineable digital reserve that supports the VeriCoin blockchain. It addresses blockchain scaling issues by introducing a variable block-time paradigm that speeds up as mining power increases. Through its auxiliary mining protocol (AuxPOW), Verium also processes VeriCoin blocks, enhancing transaction speed and capacity.

The Binary Chain combines the strengths of both VeriCoin and Verium. The ecosystem ensures scalability and stability by separating the currency and the reserve while pairing their supply. VeriCoin becomes highly accessible and cost-effective, while Verium miners receive higher fees. The core principles of VeriConomy are opportunity and accessibility, and the ecosystem aims to provide a better system and technology for users worldwide.