CryptoCoinsRevolution.com: Hashing algorithm VeriCoin

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VeriCoin information


VeriCoin (VRC) is a peer-to-peer cryptocurrency and software project.  VeriCoin is a fast Proof-of-Stake cryptocurrency with various payment features, namely SMS wallets, anonymous transactions via VeriSend, and the ability to pay in VeriCoin for any Bitcoin purchase via VeriBit.

VeriCoin was released on May 10, 2014. Initial distribution took place through an almost 8 day Proof-of-Work scrypt mining phase, during which 26,751,452.35 VRC was minted. It is developed by Douglas Pike, Patrick Nosker, and David Boehm.

VeriSend

VeriSend is VeriCoin's transaction mixing service, which attempts to anonymize user transactions by hiding the send and receive connection from the world. It uses mixing cycles which represents the amount of time an amount of VeriCoin sits within ring nodes, washing from wallet to wallet. Each cycle takes between 3090 minutes. You can opt for up to 15 mixing cycles, and each additional mixing cycles makes your transaction harder to track (although not impossible).

VeriBit

VeriBit is a service which accepts VeriCoin payment for Bitcoin transactions. VeriBit is possibly, setting a new precedent for alternative cryptocurrencies, which often struggle to gain merchant acceptance. This service allows VeriCoin to be spent, wherever Bitcoin is accepted. 

Specifications

  • Algorithm: Scrypt
  • Maximum Supply: 50 million PoW Coins
  • Ends at Block 20160 (2 weeks only!)
  • Block Time: 1 minute
  • Difficulty Re-target: Each Block
  • 2,500 Coins For Each Mined Block
  • No Premine, No IPO
  • Minimum Transaction Fee: 0.0001 VRC (Paid to Miners and Stakers)
  • ​Confirmations: 10
  • Maturity: 500

Social

Facebook

Twitter

Reddit

IRC

Youtube - Vericoin Hangout

Block Explorer

Crypto ID

Blocks.Vercoin.Info

Bit Info Charts

Bit Info Charts

Ports

  • RPC Port:  58683
  • P2P Port:  58684

Downloads

Desktop Wallets   Vericoin  

Source Code

GitHub/Vericoin

White Paper VeriCoin Anonyminity Vericoin Tor

Services/Other

Gambling

Vericoin Dice

VeriSpin

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