Touted as the “world’s first binary chain protocol,” VeriCoin offers cryptocurrency users the added security of being paired with an actual digital reserve. Simply put, VeriCoin users can rest assured that their transactions will be both fast and secure. Offering transactions as fast as 30 seconds, and paired with Verium, a digital reserve that has reduced its own transaction times to as low as two minutes, VeriCoin makes the process of securing digital currency a rapid one. In fact, VeriCoin is reputed to be 10 times faster than Bitcoin, and the fees associated with the currency are quite low; users will also find that miners enjoy higher rewards for their efforts and will experience a decentralized structure that was created through CPU mining.
