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What is VeriCoin (VRC)?

May 10, 2018 By admin_coin

What is VeriCoin Crypto Currency?
What is VeriCoin Crypto Currency?
A brief description of VeriCoin.
VeriCoin is a Proof-of-Stake-Time Digital Currency Community with a long term vision to help make Blockchain Technology globally accessible

VeriCoin Video

Unfortunately we don’t have this data available.

The purpose of VeriCoin 

Unfortunately we don’t have this data available.

VeriCoin Abstract

A purely distributed consensus in an efficient digital currency would enable a nearly instant and nearly free transaction system across the globe; independent of border, nation, government or bank. We herein propose a time-accepted nonlinear consensus that maintains the efficiencies of Proof-of-Stake, while increasing the distribution and security of the consensus system with a diminishing probability to find a proof and receive reward over time.This is achieved via a periodic time-acceptance function that is proportional to the coins held and relative to network strength. This time-acceptance model ensures that relatively active staking maximizes reward and probability to form consensus via proof. This incentivizes direct and active protection of the network. Furthermore, voluntary participation in the network is driven by an inflation targeted interest rate that is inversely proportional to network strength. This increasingly rewards nodes which consistently reinforce network security. This is in addition to a time-diminishing inflation rate that is proportional to network strength and active participation in reaching consensus, and relative to the Proof-of-Work distributed initial supply. A combination of costs and rewards favors direct participation in the protection of the consensus, providing enhanced security, equability, and distribution of both consensus and currency over time.

More information can be found in the VeriCoin whitepaper http://www.vericoin.info/downloads/VeriCoinPoSTWhitePaper10May2015.pdf

Other VeriCoin facts

  • Trading symbol: VRC
  • Governance: Centralized > Flat
  • Open source: Yes
  • Product status: Fully working product
  • Consensus method: Proof of Work & Proof of Stake
  • Emmission rate: No new tokens created
  • Transactions per second:  Unfortunately we don’t have this data available.
  • Total Supply: N/A
  • Release date: 2014-05-10

Usefull VeriCoin links

  • VeriCoin’s Website
  • VeriCoin pricing data & fundamental VeriCoin information
  • VeriCoin’s Website
  • VeriCoin official blog
  • VeriCoin’s Bitcointalk Forum
  • VeriCoin’s Reddit Forum
  • VeriCoin’s block explorer
  • VeriCoin’s Alexa site stats
  • VeriCoin’s official forum: Unfortunately we don’t have this data available.
  • VeriCoin’s Github code repository:
    https://github.com/vericoin/vericoin
  • VeriCoin’s roadmap:
    http://www.vericoin.info/downloads/roadmap_V1.pdf
  • VeriCoin’s team page: https://portal.vericoin.info/vericoin-team/
  • VeriCoin’s whitepaper: http://www.vericoin.info/downloads/VeriCoinPoSTWhitePaper10May2015.pdf

Filed Under: VeriCoin Tagged With: Altcoin, Crypto, Currency, VRC, What is?

Other questions related to this cryptocurrency:

  • Is VeriCoin (VRC) Centralized, Decentralized or Semi-Centralized?
  • What is the Consensus method of VeriCoin (VRC)?
  • All available information on the VeriCoin (VRC) ICO
  • How can I contact the VeriCoin (cryptocurrency) team?
  • Who is leading VeriCoin (VRC) crypto?
  • Where to find Historical trading info and past performance on VeriCoin (crypto)?
  • Where can I find fundamental analysis of VeriCoin (VRC)?
  • How to buy VeriCoin (VRC) cryptocurrency?
  • What is VeriCoin (VRC)?

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