VeriCoin (VRC) and Verium Reserve (VRM) are the first dual blockchain protocol pairing a digital currency (VeriCoin) with a digital commodity (Verium) to form a decentralized financial system.
Current digital currencies (Bitcoin, Litecoin, Dash) face the impossible task of attempting to be both a fast currency and a secure store of value. VeriCoin and Verium solve this problem by incorporating a complementary dual blockchain protocol known as binary chain. VeriCoin’s Proof-of-Stake-Time (PoST) and Verium’s CPU-mined Proof-of-Work-Time (PoWT) protocols leverage symbiotic technologies to form a unique ecosystem with exponentially accelerated transaction times and enhanced network security.