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Author Topic: [ANN][VRM] Verium PoWT Variable Blocktime | CPU mining | scrypt² | Commodity  (Read 119481 times)
effectsToCause
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July 05, 2016, 03:29:17 PM
 #1







Verium ICO fund distribution (result of community vote):
-50% Stake endowment fund: Coins will never be moved, just interest from staking used in-perpetuity for infrastructure costs
-20% Development
-20% Marketing and Design
-10% Third party partnerships

Variable block time:
* It increases blockchain performance with security.
* It automatically addresses the scalability issue BTC has.
* It softens the difficulty mechanism without loss of security, so that mining power can grow more efficiently and organically.
* Rewards in minutes per mining between blocks enables more profitability of mining that is dependent on power and time burning electric.
* A decreasing reward as the blockchain speeds, incentivizes a balance of efficiency and power, while maintaining security with a corresponding block time.
* ASIC and GPU resistant due to memory hardness.

So as a standalone PoW it will be one of the best and most innovative approaches to PoW.

Benefits to VeriCoin:
-High fees of Verium enable secure mining in PoW
-Low fees enable a valuable currency, this is possible in PoS because it's nearly costless to stake
-As Verium blocktime increases auxillary mining of VRC blocks will speed VeriCoin transaction times up to 20 seconds and possibly faster while further decentralizing the consensus across two chains

So in short you get more security, faster transaction times and lower fees in VeriCoin the currency through Verium the reserve commodity.
This makes VeriCoin a more valuable currency.

Active Development:
-Optimal assembly level built in mining optimization to further incentivize, beyond high tx fees, solomining
-VeriSwap: In wallet, private, decentralized, p2p VRC-VRM trading that breaks tracing of coin movements across chains.

Swap (VRM/VRC):
Livecoin

Exchange (VRM/BTC):
Bittrex
Cryptotopia
Livecoin

Pools (in testing still):
Poolinat0r

Specifications:
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


btc12.com  QQ Group:  108972650

More details: https://www.vericoinforums.com/threads/explaining-verium-information.1331/
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Home: http://www.vericoin.info/ || VRC Bitcointalk Forum:  https://bitcointalk.org/index.php?topic=602041.0 || Official Forum: http://vericoinforums.com/

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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m3rt1x
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July 05, 2016, 03:37:32 PM
 #2

Watching with interest!






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INTRODUCING WAVES
ULTIMATE ASSET/CUSTOM TOKEN BLOCKCHAIN PLATFORM







SwedishGirl
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Looking for sexy coins!


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July 05, 2016, 03:40:57 PM
 #3

Good luck! I bought a ton of VRC and will be buying a ton of VRM for the 40% bonus on the first day!
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Tipsters Championship www.DirectBet.eu/Competition


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July 05, 2016, 03:59:50 PM
 #4

vericoin into ICO  Shocked

zakorus
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July 05, 2016, 04:08:47 PM
 #5

watching and buying!

[
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July 05, 2016, 04:16:54 PM
 #6

in! Smiley

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July 05, 2016, 04:29:39 PM
 #7

How to get VRC?

EDGELESS.IO New Era Of Casino (0% Edge And Full Transparency)
JOIN THE ICO | JOIN THE DISCUSSION
souljah1h
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July 05, 2016, 04:33:04 PM
 #8

How to get VRC?

Poloniex: https://poloniex.com/exchange/btc_vrc
Bittrex: https://bittrex.com/Market/Index?MarketName=BTC-VRC
Jubi: http://www.jubi.com/coin/vrc/
BITSQUARE (decentralized exchange): https://bitsquare.io/
Novaexchange: https://novaexchange.com/market/BTC_VRC/
BTER: https://bter.com/trade/vrc_cny
Bleutrade: https://bleutrade.com/exchange/VRC/BTC
Cryptopia: https://www.cryptopia.co.nz/Exchange/?market=VRC_BTC
BITEBI9: https://www.bitebi9.com/markets/view/VRC_CNY
Shapeshift: https://shapeshift.io/

_@/'
CryptoMaik
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Financial Adviser and Marketer✔


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July 05, 2016, 06:11:26 PM
 #9

First coin with new protocol?

CryptoMaik
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July 05, 2016, 06:19:50 PM
 #10

First coin with new protocol?
Yes PoWT is a new protocol. Only used by Vericoin.

_@/'
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July 05, 2016, 07:36:03 PM
 #11

holy shitcoin tactics

quote defcoin ==== LOL... oh no, the coin is dead cause $DEV doesn't live on BCT! When will you people learn that everything on here is completely irrelevant next to useless. Devs need to stop using it all together, only then can crypto begin to flourish. It's such a shame that people consider this shit hole to be the pinnacle of information when it comes to developments. I don't blame $DEV for not coming on here, and frankly I am embarrassed that I even check BCT myself.
Conqueror
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"I live ... again."


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July 05, 2016, 07:52:55 PM
 #12

Good luck Vericoin/Verium !

 Wink
adamgud
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July 05, 2016, 07:55:17 PM
 #13

 Bought VRC..... Look forward to!









AceOfPentacles
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July 05, 2016, 10:39:16 PM
 #14

Wow! I'm in. Yes that 1st day bonus is sweet!
Jocuserious
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July 05, 2016, 11:09:08 PM
 #15

350,000 Supply? 

Ridiculous...and the first day bonus is enough to make me wonder why anyone would wait for the second day.
Golstrim
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July 05, 2016, 11:13:38 PM
 #16

When start verium on the exchange?
warr1979
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July 05, 2016, 11:21:37 PM
 #17

When start verium on the exchange?
 

Hopefully never unless its paired with VRC... So if you get VRM you can sell it for VRC and then sell that on the exchange
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July 05, 2016, 11:23:08 PM
 #18

350,000 Supply? 

Ridiculous...and the first day bonus is enough to make me wonder why anyone would wait for the second day.

Why is it ridiculous?
Sincere_
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July 05, 2016, 11:44:33 PM
 #19

Is their any bounties at all? Brought a good amount of Vrc and will keep buying on dips. Been watching vericoin like a hawk


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siameze
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July 06, 2016, 12:36:57 AM
 #20

I dont understand. Why the need for a new coin whats wrong with VRC?


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