, Vericoin is very similar to legacy cryptos like bitcoin and Litecoin in many ways. It’s designed as a transaction token and it’s tradable across a number of major exchanges. It also differs in a few key areas, however. The coin works on its own protocol PoST (Proof-of-Stake-Time), which makes it a lot faster than bitcoin (in many cases, instant) and again unlike bitcoin, holders gain interest just as they would in a savings account by leaving their digital wallet running on their computer. This adds a store of value use case to the equation. There’s also what’s called Verium, which a purely digital commodity which runs on its own unique protocol, what’s called PoWT (Proof-of-Work-Time). This is a key part of the investment thesis for VRC – Verium solves the blockchain scaling issue by introducing a new variable block-time paradigm that speeds up as mining power increases. This means that, unlike bitcoin, where volume increases have translated to high transaction fees and slow processing times, Vericoin doesn’t suffer from scaling issues. #vericoin #vericoins #altcoins #verium #veriumreserve #altcoin #cryptoversity.co.uk #cryptocurrency #learnaboutcryptocurrency #crypto #cryptocoins #cryptocurrencynews #altcoinsinvesting https://www.instagram.com/p/BntoD_ehtR0/?utm_source=ig_tumblr_share&igshid=raxzcv16jaof
