Vericoin: The Altcoin You Can Spend Wherever Bitcoin is Accepted
Vericoin has launched an innovative and potentially game-changing approach to gaining merchant acceptance that could shake up the altcoin world should the service gain broader usage. Launched in May, vericoin is a proof-of-stake altcoin that features a variable interest rate which fluctuates depending on how many coins are staking. As more coins are used to stake and support the network, the interest rate climbs. One of the ways in which alternative digital currencies seek a broader audience is through expanding merchant acceptance. Companies like Coinkite and CoinPayments.net enable....
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This marks the first installment of the CCN Weekly Altcoin News Update, which will profile altcoin news stories that have flown under-the-radar, but deserve coverage. This week's update examines the impressive rise of the Vericoin price, the introduction of Cryptsy USD markets, and a new Peercoin marketing campaign crowdsourced by the community. Vericoin Price Rises Dramatically. Most altcoins are little more than carbon copies of Bitcoin or another popular cryptocurrency. However, Vericoin offers a host of unique features such as Veribit, which enables users to spend Vericoins at stores....
Mintpal, a popular altcoin exchange, has been hacked. In their official announcement of the matter, they revealed that the hacker specifically targeted Mintpal's large VeriCoin holdings. Mintpal was in control of 30% of existing VeriCoin, all of which was stolen by a yet unidentified hacker. Mintpal has emphasized to its users that they are still processing withdrawals for all other coins; however, they have not revealed the exact vector of the attack. Mintpal and other VRC exchanges have worked directly with VeriCoin developers to come up with a seemingly satisfactory solution for all....
Bitcoin Center NYC, the city's only brick-and-mortar institution dedicated to the further adoption of Bitcoin, announced today that it will host the first ever VeriCoin party on Monday, July 28. As home base for all things digital currency, Bitcoin Center NYC is delighted to celebrate the success of VeriCoin with its dynamic community of supporters. "We are very excited to share VeriCoin with New York and to celebrate the beginnings of VeriCoin with the community." VeriCoin is a proof-of-stake altcoin that represents an innovative approach to gaining merchant acceptance in the digital....
Vericoin developers unveiled their newest feature and technological advancement to their community yesterday: VeriBit. The service accepts Vericoin payments for Bitcoin transactions, allowing users of the currency to utilize it immediately. The developers are looking to give people a reason to pay attention to their coin right out of the gate and the markets are reacting accordingly. CCN. VeriBit allows users to take the Bitcoin address they plan to send payment to and generates a separate Vericoin address that users send Vericoin toward. Once the Vericoin is sent the address will change....
Vericoin is today's Random Coin of the Day. I chose Vericoin for its unique outlook on decentralization of PoS (Proof of Stake) within its network. Vericoin uses VeriSMS and VeriBit for this purpose, where VeriSMS allows users to store Vericoin using SMS and withdraw it later, and VeriBit allows you to pay companies accepting Bitcoin, with Vericoin. VeriSMS is capable of being spoofed and hackers can withdraw your Vericoin to their address. Vericoin advises users of this service to not store large amounts of Vericoin through it. Vericoin is quick to the draw when problems occur with their....