Alt Focus Verium
View this post on Hive: Alt Focus Verium
8 years ago in #bitcoin by clayboyn (70)
$0.20
- Promotion Cost $3.14
- Past Payouts $0.20, 0.00 TRX
- - Author $0.15, 0.00 TRX
- - Curators $0.05, 0.00 TRX
Cool, hadn't looked into vericoin before, the relationship between vericoin and verium is really interesting.
Theoretically it's really cool... if the project keeps progressing it definitely has some promise. Right now i don't see it really as being attractive except to Crypto-Nerds, but it definitely seems set for slow but steady growth (which as a crypto nerd, i do find attractive).
I agree. One of the few alts I hold. I buy it every time price dips and stake away. Good luck.
So the connection between vericoin and verium are just a virtual one correct? They are working with exchanges to create vericoin/verium pairs? There isn't any actual network connection between the two is there?
On a technical level, I don't believe so, but there is direct VRC to Verium exchange through the wallet and Verium was created through an ICO of VRC. Basically Verium was invented as a disinflation/long term stake in VRC. It happens to be mine-able and likely to hold value.
I did some more research, and i'm not sure if it is at launch, but it's designed to act as sort of a merged mining chain for vericoin. So Vericoin will use verium to produce faster blocks (but it doesn't directly effect verium at all)
@solar I read about that part, and wasn't really sure how it get's directly implemented or that it is implemented yet. The idea is it makes a more stable long term price and increases the network speed of Vericoin. Vericoin is already ridiculously fast though, but hey no problem with increased bandwidth to allow for more future growth.
Its definitely really good especially now that its so easy to transform VRC into BTC. Right now it looks like BTC is going up in value so its making me skeptical that I should hold on to other alt coins. Mona is dropping too. :(
VRC seems to still be a safe bet.
I don't see losses in VRC, I see cheaper VRC. Mona is still iffy, but I'm holding it out. The only reason the price is falling is because all of the VTC hash jumped to Mona when they realized it was more possible. The fact it hasn't fallen more makes it more promising to me. It will gain market cap and then individual price will go up in relation to increased mining costs.
Thanks for the informative article!
The more we all know, the better crypto future can be.