VeriCoin is a unique digital currency that combines two consensus mechanisms to enable fast and secure transactions. It is an integrated cryptocurrency that is completely decentralized and immutable. The platform brings together Vericoin and Verium creating a binary-chain protocol. The symbiotic relationship between the two blockchains sets it apart from other digital coins. Vericoin works on Proof=of-Stake (PoS) mechanism while the Verium blockchain works on Proof-of-Work-Time consensusShow more [+] mechanism creating a unique digital reserve ecosystem. This platform enables users to send and receive funds instantly anywhere in the world.
The coin VRC used for transactions on the platform combines two consensus mechanism (PoW + PoS) to have PoST (Proof-of-Stake-Time). It is never premined, but is mineable via staking where users earn interests by leaving their wallets running on their computers. It also utilizes the scrypt algorithm and has a block time of 60 seconds. The coin's transaction which are nearly instant are 10 times faster than those of Bitcoin's blockchain. VRC is listed for trading on several exchanges including Bittrex, Upbit, Bleutrade, Trade Satoshi, Cryptobridge, Cryptopia and Bitsane.
Vericoin's team includes individuals with experience in blockchain development, programmers and engineers in Information Technology. They are all committed to this course to ensure that individuals have control over their money. These individuals include Doug Pike, Co-founder and Blockchain Developer, Patrick Nosker, co-founder and Blockchain Developer, David Boehm, Blockchain developer and Philip ten Brink, Infrastracture and Back-end engineer and Developer among others.