Fast and secure digital currency.
Easy to mine digital commodity.
WHY DIGITAL CURRENCY?
Digital currency started with Bitcoin and is a way to determine the authenticity of a transaction via consensus on a secure network. This removes two otherwise necessary middlemen - banks and government.
Currencies are minted and authenticated by the network securely and publicly. As a result, no individual or group has more access to transaction data than another.
This is all done at costs that are fractions of the current banking standard.
WHY VERICOIN CURRENCY?
Proof of Stake-Time (PoST) is a novel approach to forming a consensus by introducing a stake-time component, where the probability to stake decreases over time. This better incentivizes staking and enhances the security of the network. It also enhances the decentralization of the consensus, well beyond current standards.
No mining necessary, just hold your coins in the wallet. Network-dependent disinflation targeted interest, is the mechanism for minimizing disinflation and maximizing interest on your investment in VeriCoin. The practical range of disinflation is between 1.5-2.5% and the practical range of interest is between 2-10%.
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.