isn't this an old project?
Topic: [ANN] Binary-Chain - VeriCoin and Verium - The First Dual-Blockchain Protocol - page 31. (Read 47625 times)
November 10, 2017, 05:45:54 PM
November 10, 2017, 05:42:34 PM
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Social Links
Exchange (VRC/BTC):
Bittrex
Livecoin
Bittrex
Livecoin
VeriCoin Links
VeriCoin Wallet 1.7.2
Verium Links
Verium Vault 1.3.1 NEW!!!
Verium Pools:
*NEW*Bitcoinemail (vardiff ports) Admin: <@niteuser> on slack
*NEW*Beertendr (vardiff ports) Admin: <@hillbillyhacker> on slack
Bloxster (vardiff ports) Admin: <@seion> on slack
Pool Sloth (vardiff ports) Admin: <@senicar> on slack
VRM Mining-Pool (vardiff ports) Admin: <@mderasse> on slack
Poolium (vardiff ports) Admin: <@trinitrotoluene> on slack
Poolinat0r (larger miners >= 1kh/m) Admin: <@testbug> on slack
Poolinat0r2(smaller miners < 1kh/m)Admin: <@testbug> on slack
*NEW*Bitcoinemail (vardiff ports) Admin: <@niteuser> on slack
*NEW*Beertendr (vardiff ports) Admin: <@hillbillyhacker> on slack
Bloxster (vardiff ports) Admin: <@seion> on slack
Pool Sloth (vardiff ports) Admin: <@senicar> on slack
VRM Mining-Pool (vardiff ports) Admin: <@mderasse> on slack
Poolium (vardiff ports) Admin: <@trinitrotoluene> on slack
Poolinat0r (larger miners >= 1kh/m) Admin: <@testbug> on slack
Poolinat0r2(smaller miners < 1kh/m)Admin: <@testbug> on slack
VeriCoin Specifications
VeriCoin Launched: May 10th Midnight EST, PoW Ended May 17th 2014, PoS only
Launched in May of 2014, VeriCoin is a Proof-of-Stake-Time currency with a disinflation targeted interest rate which is dependent on the degree of staking. Stake-Time is a new proof that favors both number the number of coins held and how often they are staked. Together these features make VeriCoin top in security and incentive.
Network
No Premine, No IPO
Minimum Transaction Fee: 0.0001 VRC (Paid to Stakers)
Confirmations: 10, Maturity: 500
RPC Port: 58683, P2Port: 58684
Scrypt
26,751,452.35 VRC Minted during PoW period
Ended at Block 20160
Block Time: 1 minute
Exponential Difficulty Retarget Each Block
2,500 Coins For Each Mined Block
Proof of Stake-Time
Disinflation targeted interest
Min Stake Time of 8 Hours for Interest
No Max Stake Age or Amount
Launched in May of 2014, VeriCoin is a Proof-of-Stake-Time currency with a disinflation targeted interest rate which is dependent on the degree of staking. Stake-Time is a new proof that favors both number the number of coins held and how often they are staked. Together these features make VeriCoin top in security and incentive.
Network
No Premine, No IPO
Minimum Transaction Fee: 0.0001 VRC (Paid to Stakers)
Confirmations: 10, Maturity: 500
RPC Port: 58683, P2Port: 58684
Scrypt
26,751,452.35 VRC Minted during PoW period
Ended at Block 20160
Block Time: 1 minute
Exponential Difficulty Retarget Each Block
2,500 Coins For Each Mined Block
Proof of Stake-Time
Disinflation targeted interest
Min Stake Time of 8 Hours for Interest
No Max Stake Age or Amount
Verium 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
Variable block time:
It automatically addresses the scalability issue BTC has.
It increases blockchain performance with security.
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 reducing new supply based on demand.
ASIC and GPU inefficient and resistant due to memory latency.
So as a standalone PoW it will be one of the best and most innovative approaches to PoW.
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
Variable block time:
It automatically addresses the scalability issue BTC has.
It increases blockchain performance with security.
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 reducing new supply based on demand.
ASIC and GPU inefficient and resistant due to memory latency.
So as a standalone PoW it will be one of the best and most innovative approaches to PoW.
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