VeriCoin describes itself as purely a digital currency that runs on its own protocol known as Proof-of-Stake-Time (PoST).
Proof of Stake Time rewards investors with variable and compounding interest payments on the coins held within their wallets in return for leaving Vericoin's digital wallet open and running on their computer, a process known as "staking". Staking, incentivized through interest payments, validates transactions on the VeriCoin network.
VeriCoin transactions are reportedly nearly instant (currently 10 times faster than Bitcoin). The team claims that -- upon the upcoming launch of the binary chain that pairs VeriCoin with Verium Reserve -- network transaction speeds will increase exponentially. The Dual Blockchain (or Binary-Chain) pairs a digital currency (VeriCoin) with a digital reserve (Verium). It reportedly secures and accelerates transactions by leveraging complementary protocol technologies (Proof-of-Stake-Time and Proof-of-Work-Time), into a blockchain system. The goal is to offer a comprehensive solution to ensure low cost, secure, fast, and scalable digital transactions.
| VeriCoin Price | $0.038977 USD |
|---|---|
| VeriCoin ROI | 1,053.99% |
| Market Rank | #878 |
| Market Cap | $1,279,460 USD |
| 24 Hour Volume | $125,930 USD |
| Circulating Supply | 32,825,697 VRC |
| Total Supply | 32,825,697 VRC |
| Max Supply | No Data |
| All Time High | $4.63 USD (Jan 10, 2018) |
| All Time Low | $0.001917 USD (May 22, 2014) |
| 52 Week High / Low | $0.142764 USD / $0.010771 USD |
| 90 Day High / Low | $0.060037 USD / $0.010771 USD |
| 30 Day High / Low | $0.060037 USD / $0.023436 USD |
| 7 Day High / Low | $0.042613 USD / $0.036707 USD |
| 24 Hour High / Low | $0.040850 USD / $0.037880 USD |
| Yesterday's High / Low | $0.040850 USD / $0.038933 USD |
| Yesterday's Open / Close | $0.039913 USD / $0.039742 USD |
| Yesterday's Change | $-0.000171 USD (-0.43%) |
| Yesterday's Volume | $286,066 USD |