What is VeriCoin?
VeriCoin was founded by blockchain developers, who were PhD students at Rutgers University at that period. The unusual characteristic of this cryptocurrency is the algorithm it applies - Proof-of-Stake-Time. VRC has a complimentary digital commodity VRM, and this union makes the world’s initial double blockchain protocol, identified as Binary-Chain. VeriCoin is more advanced than Bitcoin, e.g. it executes transactions ten times quicker than the leading coin. The official launch of the system was on May 10, 2014. This currency was created to be a scalable, private and express coin. The first mission was to have minimum fees or no fees for transactions. There are three methods of getting VRC: getting block rewards, Verium combined mining with VeriCoin and, of course, getting the coin from exchanges. You can only obtain VRC with BTC.