About VeriumReserve
Market Stats
Market Cap
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Performance
Popularity
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Volume (24H)
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Volume (7D)
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All time high
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Overall Price Change (1Y)
Additional info about VeriumReserve
Recent trends
Market details
VRM vs markets
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VRM vs BTC
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VRM vs ETH
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Tags
Network & Addresses
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Price history
Time | Price | Change |
|---|---|---|
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
FAQ
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.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#1502
Contributors
33
Posts
166
% About VeriumReserve
0.023%
Hold times
0 days
X (Twitter)
53.01% bullish
Sentiment
4.5 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
33 unique individuals are talking about VeriumReserve and it is ranked #1,502 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, VeriumReserve has an average sentiment score of 89 out of 5. Finally, VeriumReserve is becoming less newsworthy, with 0 news articles published about VeriumReserve.
On Twitter, people are mostly bullish about VeriumReserve. There were 54.12% of tweets with bullish sentiment compared to 2.1% of tweets with a bearish sentiment about VeriumReserve. 45.88% of tweets were neutral about VeriumReserve. These sentiments are based on 165 tweets.
On Reddit, VeriumReserve was mentioned in 0 Reddit posts and there were 0 comments about VeriumReserve. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.