Review on VeriCoin by Robiul Islam
An open-source cryptocurrency which encourages the transparency of project.
This is part of the world's first dual blockchain protocol. That offers many benefits to it, which does not offer Bitcoin or most cryptocurrencies.
In addition to a blockchain protocol supporting the project, it is an independent reserve of storing digital assets. It uses its own unique sensitivity POWT, which introduces a new variable block-time and provides solutions to problems related to blockchain scaling.
Pros
- This allows for transactions up to 10 times faster than Bitcoin. This speed can be further enhanced.
- It has almost zero transaction fee which is only 0.0001 coin.
- It uses its own POS time sensation, which allows miners to receive even more block rewards, which in turn ensures a secure and decentralized network.
- It helps the coin holders to earn annual interest by stacking the coin.
Cons
- It was not able to attract any significant partners to enhance its image.
