VeriumReserve
1. Summary
- Description
-
Overview
Overview
VeriumReserve is a dual blockchain protocol technology that combines a digital currency, VeriCoin (VRC), with a digital reserve, Verium (VRM). This innovative approach enables faster transactions, enhanced security, and scalability, solving inherent challenges in digital currency ecosystems.
VeriCoin (VRC)
VeriCoin is a purely digital currency running on the Proof-of-Stake-Time (PoST) protocol. Key features include:
- Fast transactions, currently 10 times faster than Bitcoin
- Instant rewards through staking, eliminating the need for extensive mining infrastructure
- Near-instant confirmations (less than 5 seconds)
- Near-zero transaction costsfad (.0001 VRC)
- Improved security via PoST
- Energy-efficient network consensus
Verium (VRM)
Verium is a digital reserve designed to support the VeriCoin blockchain. It operates under a CPU mineable, ASIC and GPU-resistant Proof of Work algorithm with a variable block-time. This allows Verium to scale automatically as mining power increases, enhancing transaction speed and capacity. Key features include:
- CPU mining for true decentralization
- Variable block-time that scales with mining power
- Auxiliary mining protocol (AuxPOW) supports VeriCoin blockchain, speeding up VeriCoin transactions
Binary-Chain Protocol
The combination of VeriCoin and Verium leverages the strengths of both protocols to achieve:
- Added speed and security
- Economical soundness
- Separation of currency and commodity, yet pairing their supply
Accessibility and Opportunity
The VeriConomy, comprising VeriCoin and Verium, focuses on providing both accessibility and opportunity:
- CPU mining for inclusivity
- No minimum stake amount to earn interest
- Low or free transactions
- Peer-to-peer trade between VeriCoin and Verium (planned)
- Binary-Chain protocol enhancing opportunity and accessibility for the ecosystem
| Price | |
| All Time High (ATH) Date | 8th Feb 2025 (2 months ago) |
| All Time Low (ATL) Date | 8th Feb 2025 (2 months ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $4,751.00 |
How does VeriumReserve's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
32.2%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 2,936 |
|---|---|
| Active Reddit Users (past 24h) | 0 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | |
| Twitter followers | 8,764 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | http://www.vericoin.info |
|---|---|
| Explorer | https://chainz.cryptoid.info/vrm/ |
| @VeriumReserve | |
| /r/vericoin |
Has VeriumReserve been audited for security?
No security audits found for this project.
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