What is VeriCoin?

in cryptocurrency •  7 years ago 

The World’s First Binary Blockchain Protocol.
VeriCoin and Verium is the first dual blockchain protocol technology that pairs a digital currency with a digital asset. This means faster transactions, more security and solves the digital currency scalability puzzle.

Binary-Chain Explained:
Current digital currencies face an impossible task of trying to be both a fast currency and a secure store of value. VeriCoin and Verium together solve this problem with the groundbreaking dual blockchain system called Binary-Chain. Binary-Chain, secures and accelerates transactions by leveraging complementary protocol technologies (PoST [Proof-of-Stake-Time] and PoWT [Proof-of-Work-Time]), into a cutting edge blockchain ecosystem. This results in:

·Reduced transaction times for VeriCoin (as fast as 30 seconds).
·Improved Verium transaction times from 5 minutes down to 1 to 3 minutes.
·Full decentralization through two chains (PoST and PoWT)
·Complete immutability
·A fully secure digital financial system

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It looks like Vericoin had promise after it launched in 2014. How strong is the team behind it and how do their features / value proposition create a user community that is sticky to increase use of the currency?

Vericoin was one of the first coins I was interested in when they were started. It seems like great tech, and I always wondered why they didn't get bigger. I keep a paper wallet with some, but haven't looked into it for a long time. The other one I always thought was under rated is NXT.