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Difference between revisions of "Verium"

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*[http://www.vericoin.info/paperwallet/ VeriCoin and Verium Paper Wallet]
 
*[http://www.vericoin.info/paperwallet/ VeriCoin and Verium Paper Wallet]
  
=== Buy & Trade ===
+
== Buy & Trade Verium ==
  
 
Ticker: VRM https://bittrex.com/Market/Index?MarketName=BTC-VRM
 
Ticker: VRM https://bittrex.com/Market/Index?MarketName=BTC-VRM

Revision as of 00:06, 16 December 2017

Verium (VRM) – The Digital Commodity

A purely digital commodity which runs on it’s own unique protocol PoWT (Proof-of-Work-Time). Verium was created to be an innovative, independent store of value asset, in addition to supporting the VeriCoin blockchain. Verium solves the blockchain scaling issue by introducing a new variable block-time paradigm that speeds up as mining power increases. This allows Verium to automatically scale, enhance transaction speed and capacity, while ensuring security at any level of mining. Through Verium’s auxiliary mining protocol, Verium will also process VeriCoin blocks. This process will speed up VeriCoin’s block-time to 30 seconds or faster. This enables VeriCoin’s network to provide an efficient and scalable ecosystem for consumer transactions well beyond current standards. Verium is accessible to anyone with a PC or laptop in three easy steps. needs reference to Dual Blockchain

Verium is a purely digital minable asset. Anyone can mine Verium from their personal computer with one click. Verium will be part of the VeriCoin dual blockchain system. Type !vrmwallets to download the wallet miner and start mining.

The World’s First (in what?) CPU Mineable Digital Commodity

Verium is a hard minable store of value

Links

  1. Official Website
  2. Verium Wallet
  3. Verium Mining and Proof-of-Work-Time

Complete listing of links for social media, support, resources, etc.:

Verium Specs

  • Proof of Work-Time
  • Difficulty dependent blocktime (Max ~6.2 minutes, minimum 15 seconds)
  • Rewards: Blocktime dependent rewards (~Reward halving every minute decrease in blocktime till 10x VRC supply parity, then variable ~3% disinflation)
  • Algo: scrypt² (N of 1024² or 128MB per thread)
  • Block 1: 564,705 VRM minted for ICO participants who purchased VRM using VRC
  • Minimum Transaction Fee: 0.2 VRM (High commodity transaction fee paid to miners)
  • RPC Port: 33987, P2Port: 36988
  • Confirmations: 30, Maturity: 100

CPU Mining

The days of needing specialized computing hardware and sophisticated know-how to mine digital currency are over. Anyone can easily mine Verium. Just download the Verium Vault software to any computer, click mine and starting earning Verium, the digital gold that backs the digital currency VeriCoin. Verium is one of the few digital currencies that can not be mined by specialized GPUs and ASICs. Why Is This Important? By making it easy for anyone and everyone to mine Verium, we create a more decentralized system. Did you know that right know China accounts for over 2/3rds of all Bitcoin mining power? (source Bloomberg.com)

Power Based Rewards

As mining power increases the reward slowly decreases, this mechanism makes the reserve commodity supply curve drop based on increased demand and can drive a value increase over time and increased usage.

Digital Gold Standard

By building a consensus-paired digital ecosystem, the currency (VeriCoin) can scale to mass usage and remain extremely inexpensive, and the reserve commodity (Verium) can scale while stabilizing value via a growing supply cost.

Blockchain Explorers and Tools

Buy & Trade Verium

Ticker: VRM https://bittrex.com/Market/Index?MarketName=BTC-VRM

Fee efficient transactions

5 blocks / transaction will probably be the cheapest, so 5 blocks ~ 20 coins will cost 0.2 transaction fee, that means at best 1% of what you mined.