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VeriumReserve

VRM

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About VeriumReserve

VeriumReserve (VRM) describes itself as the first CPU mineable digital commodity. It is a cryptocurrency created to support the VeriCoin blockchain and works as an independent store of value asset. As mentioned on its website, Verium aims to address the issues of blockchain scaling by offering a new variable block-time paradigm that speeds up as the mining power grows. Using the binary chain protocol, a digital currency (VeriCoin) is paired with a digital reserve (Verium) that aims to secure transactions by utilizing complementary protocol technologies into the blockchain system. In simpler words, the overall goal of VeriumReserve is to provide low-cost, secure, and scalable digital transactions.

The primary features that Verium seeks to provide include:

Using the binary-chain model further aims to improve Verocoin’s rapid transactions speeds while also safeguarding Verium’s value store. Its website states that the two specialized chains represent two distinct technologies that, when combined, exponentially improve the best of each. The binary chain model combines Vericoin’s proof-of-stake-time (PoST) and Verium’s Proof-of-work-time(PoWT) protocol into an innovative set of financial tools. Creating an inverse relationship between accepted time and interest rate, the PoST mechanism helps to prevent dishonest users from taking part in the staking activities. This dual model seeks to enable users and merchants to transact, trade, and create entirely on-chain without relying on any third-party solution.

VeriumReserve was founded in 2014 by Douglas Pike and Patrick Nosker.

Market

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News about VeriumReserve

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CoinDesk • Apr 28, 24

Protocol Village: Natix, Crowdsourced Camera Network With Web3 Incentives, Secures $9.6M

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BeInCrypto • Apr 28, 24

Ethereum Prices Soar as Transaction Fees Hit Six-Month Low

Ethereum emerged as the top-performing digital asset of the week, with its price increasing by over 6%, coinciding with a significant drop in gas fees.The post Ethereum Prices Soar as Transaction Fees Hit Six-Month Low appeared first on BeInCrypto.

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The Block • Apr 28, 24

BlackRock’s $IBIT adds Moonpay Chief Legal Officer Lindsey Haswell to fund’s board

Haswell has years of crypto experience at Blockchain.com, MoonPay, and as a founding team member of the Core blockchain.

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BeInCrypto • Apr 28, 24

Four Reasons Why Ethereum Is Not a Security: Consensys

Amidst SEC scrutiny, Consensys defends Ethereum's non-security status, citing historical views, regulatory consistency, and its decentralized, open protocol nature.The post Four Reasons Why Ethereum Is Not a Security: Consensys appeared first on BeInCrypto.

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BeInCrypto • Apr 28, 24

Shiba Inu’s Shibarium Hard Fork: How Will SHIB Price React?

Shibarium's forthcoming upgrade on May 2 aims to enhance transaction efficiency and stability, promising a bullish outlook for SHIB's market performance.The post Shiba Inu’s Shibarium Hard Fork: How Will SHIB Price React? appeared first on BeInCrypto.

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VeriumReserve is on the rise this week.

The price of VeriumReserve has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. VeriumReserve’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of VeriumReserve?

We update our VeriumReserve to USD currency in real-time. Get the live price of VeriumReserve on Coinbase.

What other assets are similar to VeriumReserve?

Assets that have a similar market cap to VeriumReserve include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy VeriumReserve on Coinbase?

No, VeriumReserve is not currently available on Coinbase, but you can sign up to get the latest news on VeriumReserve and be notified when it gets added to our exchange.

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