News By Tag
News By Place
VeriCoin Hits the Ground Running
MEDIA CONTACT: Scott, Community Manager - email@example.com
Only four days after its launch, VeriCoin has become one of the most popular new coins in the Altcoin scene. After initially going unnoticed by the general public, Vericoin suddenly became a popular commodity after Bittrex picked it up and it became its #4 coin in only one day, accounting for 8.5 percent of Bittrex's total volume. Although it took a few days for the Altcoin public to notice VeriCoin, large multipools and mining farms saw the value of VeriCoin immediately, putting it near the top of their lists of coins to mine.
VeriCoin is a Proof of Work (POW)/Proof of Stake (POS) hybrid with a short POW opportunity. After four days, half of the coins available during the POW stage have already been mined. After completion of the POW mining period, VeriCoin will become POS exclusively. VeriCoin, however, is implementing a multipool to mine other coins and trade them for VeriCoin for those who miss the short POW period or who want to accumulate more VeriCoins.
The main feature of VeriCoin is its Dynamic Interest Rate which continuously adjusts the interest rate to balance the supply/demand ratio toward demand for minimal inflation. After coins mature for eight hours, they become eligible for staking, thus earning interest. This Dynamic Interest Rate increases (up to approx. 2.8 percent) as more coin holders make their coins available for staking. This not only makes VeriCoin an attractive investment opportunity, but it also stabilizes the VeriCoin economy, helps maintain lightning fast transaction speeds, and improves network security.
VeriCoin developers have assembled a team of dedicated professionals to assure that VeriCoin is a long-term success. Developers are available in IRC chat and in the forums to answer any questions and help with any problems. Their Community Manager helps to ensure that the forums and IRC chat is a fun, friendly environment where everybody can feel comfortable without fear of being flamed when asking questions, or just chatting about the weather. The multipool developers are dedicated to making the VeriCoin multipool a user friendly environment where miners can profitably mine and be paid in VeriCoin. The entire VeriCoin staff is dedicated to ensuring that everybody, whether they are an exchange, mining pool, miner, coin holder, or someone curious about VeriCoin, has a positive, pleasant, and profitable experience.
Page Updated Last on: May 14, 2014