WHY DIGITAL CURRENCY?

Less Costly. More Secure. Consensus controlled.
Trust the math.

Digital currency started with Bitcoin and is a new way of determining the authenticity of a transaction via a consensus on a secure network.

This removes two otherwise necessary middlemen, banks and governments. The currencies are minted and authenticated by the network securely and publicly.

Because of this, no individual or group has more access to transaction data than the public, and without middlemen, the costs are fractions of the current standard.

Extremely low transaction fees
No central point of failure
No charge-backs
No counterfeiting
Controlled by consensus
Virtually instant transactions
Efficient and streamlined

WHY VERICOIN?

The future of digital payment, now.

VERIBIT

VeriBit makes it possible to spend VeriCoin wherever BitCoin is accepted. Besides BitCoin itself, VeriCoin is the most spendable digital currency directly from the wallet.

VERISMS

VeriSMS functions as text-based gateway and wallet system that links the cell network to the VeriCoin network. VeriCoin users can load VeriCoins onto this wallet and use the SMS network to make transactions around the world.

VERISEND

VeriSend is an optional privacy service which masks transaction data from prying eyes. It utilizes ring nodes, random transaction send amounts, and various other techniques to hide the send/receive connection from the world.

EARN INTEREST

Network stake-dependent interest is the mechanism for minimizing inflation and earning interest on your investment in VeriCoin. The practical range of interest is between 1.5-2.5% and it is dependent on the liquidity in the network.

NEWS

The latest VeriCoin breaking news!
VeriCoin Wallet 1.5!

VeriCoin wallet 1.5 available now (mac coming soon)!

New features include turbo bootstrap, auto-update, chat, SuperNET integration and more...



LEARN MORE

SELECT YOUR WALLET

For your preferred platform
WINDOWS WALLET
OS X WALLET
LINUX WALLET
ANDROID WALLET

VERICOIN LINKS

Developer Team

Patrick Nosker
Douglas Pike
Steve Woods
David Boehm

SPECIFICATIONS

Proof-of-Stake Verified. Proof-of-Work Distributed. Network-Stake-Dependent Interest.
INNOVATIVE AND GAME-CHANGING

VeriCoin has launched an innovative and game-changing approach to gaining merchant acceptance that could shake up the altcoin world once the service gains broader usage.

Launched in May, VeriCoin is a proof-of-stake altcoin that features a variable interest rate which fluctuates depending on how many coins are staking. As more coins are used to stake and support the network, the interest rate climbs.

No Premine, No IPO
Proof-of-Stake: Network-Stake-Dependent Interest
Min Stake Time of 8 hours, No Max Stake Time or Amount
PoW ended at Block 20160, Minted 26,751,452.35 VRC
Minimum Transaction Fee: 0.0001 VRC (Paid to Stakers)
RPC Port: 58683, P2Port: 58684
Confirmations: 10, Maturity: 500

© 2014 VeriCoin

X

What is it anyway

Network stake-dependent interest is the mechanism in which the amount of coins minted during the proof-of-stake phase occurs. Instead of a flat 1% interest, Vericoin's interest rate can range from 0% to just under 3%. The practical range of interest is between 1.5-2.5%. Based upon the number of coins being staked (occurs when the wallet is open and unlocked), the interest rate varies. The more coins staked, the higher the interest rate. This provides incentive for keeping the client open and unlocked, further securing the network. The additional security ensures that the blockchain is not compromised and forked. In addition, it provides incentive for owners of the coin to use it as a savings vehicle as it earns interest at a more reasonable rate and more representative of a real economy. The VeriCoin development team studied the economics of interest/inflation rates in model systems and the key range for a stable economy ranges between 1.5-2.5%. Finally, with a slow inflation rate (1.5-2.5% vs ~10% for Bitcoin), the coins have the potential to become a steadily valued currency.

verifund

Donate here:

VRC: VTHZfUg11wEJmSgBLUcmCKGYekuqFcGHQq
BTC: 1LRWAyE3WKwTzXszEmtqKXzikQvoq7NJBa

VeriSend Information

VeriSend is a service which attempts to mask transaction data from prying eyes. It utilizes ring nodes, random transaction send amounts, and various other techniques to hide the send/receive connection from the world.

Fees are set to be 2 VRC + less than 1.5% of total transaction to cover mixing costs and dissuade unnecessary use of this system as it bloats the blockchain.

For increased security we recommend you send to multiple addresses. To do this, ask the recipient to give you 5 addresses to send to and your payment will be divided up to all of them.

Mixing cycles represent the amount of time your coin sits within the ringnodes washing from wallet to wallet. Each cycle takes between 30-90 minutes. The more cycles you allow, the more difficult your transaction will be to track.

You can use VeriSend in the wallet.

VeriBit Information

VeriBit is a service which accepts VeriCoin payment for Bitcoin transactions. You can pay companies that accept Bitcoin using VeriCoin.

VeriBit is currently restricted to 1.0 BTC sends. This restriction will be lifted in the future.

You can use VeriBit in the mobile and desktop wallet.

× Disclaimer! SMS is not a secure messaging platform. Please understand the risk of storing large amounts of VeriCoin on this system. It is possible that a spoofer could fake your number and access your VeriCoin. Also, since this service is in early alpha stages, please do not deposit much coin on it as there may still be bugs. We cannot be responsible for any lost coin due to a bug during the open alpha.

The VeriCoin SMS wallet system functions as a remote, text-based gateway to the VeriCoin network. You can control it using the following commands.

Command List:
"Balance" Returns with your current VeriCoin balance.
"setpassword" Sets your password (setpassword {password}). To change a password use (setpassword {oldpassword} {newpassword}). To use, add your password to the end of any command, ie. (balance {password}).
"Send {VRCADDRESS or PHONE#} {Amount of VRC}" Withdraws VeriCoin to the provided address or phone number. Syntax: "send VTHZfUg11wEJmSgBLUcmCKGYekuqFcGHQq 100.5281" would withdraw 100.5281 VRC to VTHZfUg11wEJmSgBLUcmCKGYekuqFcGHQq. Likewise, the command "send 19085551234 284.1852" would send 284.1852 VRC to the phone number 19085551234. If 19085551234 does not have a VeriCoin wallet, one will be generated and 19085551234 will be messaged asking to accept or decline the deposit. No answer for 7 days will return the balance to the original wallet.
VeriCoin SMS Gateway Numbers:
Canada 14387939404
France 33644630100
South Africa 27877460001
South Korea 825080825055
Sweden 46769432533
United Kingdom 447520635944
United States of America (Some networks are incompatible including possibly Google Voice) 14387939404
For any assistance with the VeriCoin SMS wallet, please contact sms@vericoin.info. Please understand the risks of using SMS to control your VeriCoins. Because of this we cannot guarantee any funds stored on the VeriCoin SMS wallet.

The VeriCoin Incubator Project

VeriCoin needs a strong and vibrant community to grow. That's why we have started the VeriCoin Incubator Project. The Incubator Project is designed to provide an opportunity for new developers to create applications for VeriCoin.

A developer has many risks that he or she must take in order to build for a new platform. Besides the time cost of building something new, other risks include acquiring some VeriCoin to test a finance application or interfacing with an API to get address balance information, and more.

VeriCoin is prepared to help new developers build applications. The VeriCoin Incubator Project offers startup VeriCoin as well as developer support via email which can help a new or young developer build his or her first application for VeriCoin.

If you would like to participate in the VeriCoin Incubator Project, please send an email to incubator@vericoin.info.

Patrick Nosker (@pnosker) started mining Bitcoin in late 2009 and then went on to mine Litecoin, Dogecoin, and BlackCoin. Fed up with stagnant development, he decided to team up with Doug and David to create VeriCoin. He studied Molecular Biology and Biochemistry as an undergraduate at Rutgers University and received high honors. He is currently pursuing a dual PhD in Biochemistry and Molecular Biology as well as Computational Biology and Molecular Biophysics. He also runs a technology website, www.pnosker.com. Pat holds 3 US patents and is co-inventor of five more including one on influenza therapeutics along with Doug Pike.
Douglas Pike (@effectsToCause) was introduced to cryptocurrency by Pat Nosker. Since then he has passionately researched BitCoin and AltCoins. He concluded that a successful cryptocurrency required a stable community and innovative features, resulting in his Co-Creating VeriCoin with Pat. As an undergraduate at Richard Stockton College, he studied Biology and is currently pursuing a PhD at Rutgers University in Biomedical Engineering. His Computational Biophysics work includes being the lead developer of a novel protein design software library, as well as an author of numerous scientific publications. In addition to VeriCoin, Doug and Pat are co-inventors of a process to discover influenza therapeutics.
Steve Woods (@OnsightIT) was introduced to cryptocurrency in late 2013. Starting out as a bitcoin miner, he soon discovered the world of crypto-trading and began researching the markets and various alt-coins. Having come across VeriCoin in its early stages, he was excited to see a coin that was focused on usability, and with a development team that was not shrouded in anonymity. Looking for a place to help-out, he began tinkering with the code, and one thing led to another. Steve has over 30 years of programming experience - 23 of them with a Fortune 500 company as a Systems Engineer and Infrastructure Specialist. In addition to VeriCoin, Steve is an avid rock climber, and has traveled the world looking for the most aesthetic lines to climb.
David Boehm (@VeriCoinDev3) entered the cryptoworld with Dogecoin. David attended Rutgers University with Pat and received his undergraduate and Master's degree in Computer Science with highest honors. As a recipient of the prestigious SMART scholarship, David worked for the US Department of Defense for the US Army Corps of Engineers as a software developer. David currently works for a small software company in Washington as a Sofware Development Engineer for a cloud computing group.