24h Change $ | Price CHF | Chart | |
---|---|---|---|
VeriCoin / VRC |
+1.59% |
0.07
CHF |
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VRC is designed to reduce the PoW phase and enter PoS phase quickly.
With a steady block reward and block time of sixty seconds, the PoW phase is designed to finish after the first few weeks of launch - 10/05/2014. The PoS interest rate is dynamic and depends on how much the coin is held and staked in the PoS.
The dynamic interest rate is pegged at a sensible level of between 0-3% roughly. The PoS interest is gained through transaction fees which are also distributed to the Vericoin fund - to aid in development and promotion of the currency. There was no premine.
based on the new block-chain technology ..
Within minutes, transactions are securely stored in the blockchain
Transaction fees are much cheaper than using banks ..