11/30/2022, 9:04:46 PM

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VeriBlock is on the decline this week.

The price of VeriBlock has fallen by 38.17% in the past 7 days. The price increased by 3.40% in the last 24 hours. In just the past hour, the price grew by 0.16%. The current price is $0.000512 per VBK. VeriBlock is 80.98% below the all time high of $0.0027.

The current circulating supply is 0 VBK.


What Is VeriBlock (VBK)?

VeriBlock is a platform that builds decentralized, trustless, transparent, and permissionless blockchain solutions. Each time a new blockchain joins the platform’s ecosystem or an existing one increases in value, all other blockchains benefit by having additional security and decentralization resulting from the forum’s increased network effect.

The VeriBlock blockchain implements the Proof-of-Proof (PoP) blockchain consensus protocol. PoP enables any blockchain, including sidechains and permissioned ledgers, to inherit the complete security of Bitcoin in a truly decentralized, trustless, transparent, and permissionless (DTTP) manner. The protocol achieves this by the publication of data representing a blockchain’s present state to Bitcoin, directly or indirectly. This is done in a way that any user can participate in and receive compensation for enabling blockchains to inherit Bitcoin’s security. Further, PoP also has a 51% security protection against attacks. The mechanism also introduces a new form of mining that anyone can participate in, using an open protocol that doesn’t require master nodes, federation, or elections.

The platform seeks to overcome two issues: alternate blockchains (or altchain) security and Bitcoin scalability. The PoP mechanism’s additional security enhances trust and enables the blockchain’s token to be listed on more exchanges with reduced confirmation waiting times and also allows it to participate in traditional markets due to the significantly reduced risk of consensus-related token theft.

Thus, with the enhanced security of blockchains, exchanges and merchants can list tokens from more blockchains. 

History of VeriBlock (VBK)

Maxwell Sanchez and Justin Fisher are the cofounders of the platform. Since 2012, Maxwell Sanchez has been building technologies for the blockchain ecosystem. He co-invented the Proof-of-Proof blockchain consensus protocol and developed the VeriBlock blockchain software. He is also a cofounder and the CTO of EM.ME (the Ethical Market Matching Engine).

Similarly, Justin Fisher is an entrepreneur and advocate in the blockchain industry. Along with Maxwell Sanchez, Justin co-invented the PoP and is also a cofounder and CEO of EM.ME. Other team members include Tim Stall, Bo Shen, Bill Shihara, Jeff Garzik, and others.

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What is the current price of VeriBlock?

The price of 1 VeriBlock currently costs $0.000512.

What is the market cap of VeriBlock?

The current market cap of VeriBlock is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of VeriBlock?

The all-time high of VeriBlock is $0.0027. This all-time high is highest price paid for VeriBlock since it was launched.

What is the 24 hour trading volume of VeriBlock?

Over the last 24 hours, the trading volume of VeriBlock is $826.13.

What other assets are similar to VeriBlock?

Assets that have a similar market cap to VeriBlock include Luna Inu, SIL Finance, MetaMateNFT, and many others. To see a full list, see our comparable market cap assets.

How many VeriBlock are there?

The current circulating supply of VeriBlock is 0.