VeriCoinVRC
$0.0768
VRC Price Prediction and Price Movement
VRC has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that VRC's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if VRC is backed by a solid development team and whether VRC's technology has any potential to grow.
Please note that this analysis is purely base on VRC's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
VeriCoin Price Chart
About VeriCoin
VeriCoin describes itself as purely a digital currency that runs on its own protocol known as Proof-of-Stake-Time (PoST).
Proof of Stake Time rewards investors with variable and compounding interest payments on the coins held within their wallets in return for leaving Vericoin's digital wallet open and running on their computer, a process known as "staking". Staking, incentivized through interest payments, validates transactions on the VeriCoin network.
VeriCoin transactions are reportedly nearly instant (currently 10 times faster than Bitcoin). The team claims that -- upon the upcoming launch of the binary chain that pairs VeriCoin with Verium Reserve -- network transaction speeds will increase exponentially. The Dual Blockchain (or Binary-Chain) pairs a digital currency (VeriCoin) with a digital reserve (Verium). It reportedly secures and accelerates transactions by leveraging complementary protocol technologies (Proof-of-Stake-Time and Proof-of-Work-Time), into a blockchain system. The goal is to offer a comprehensive solution to ensure low cost, secure, fast, and scalable digital transactions.