VRC is a decentralized payment platform that utilizes the binary chain setup. This currency actually works in conjunction with Verium in order to offer its users fast and secure transactions.
These transactions are nearly instantaneous, and holders can also earn interest on their wallet holdings thanks to the currency's proof of stake algorithm, while still being more secure than a traditional proof of stake setup thanks to it running right next to Verium's proof of work chain.
This cryptocurrency provides an interesting look at how future blockchains can scale themselves, but it does not seem like the project has generated a lot of attention despite being in operation since 2014. This asset has struggled to appreciate in price despite its interesting protocols.
The project does have active development and even a roadmap, but most of their features are not horribly groundbreaking or exciting, unfortunately. If you're interested in making a VeriCoin investment, you should take the time to fully evaluate their offering and the team's marketing abilities before making a decision.How to buy?
Investors can buy VeriCoin on a good number of exchanges, this gives you a lot of options when choosing where to make your trade. This asset also has excellent trading volume, meaning you'll be able to execute a trade quickly and for a fair price. Strangely though, there is only one trading pair available. Investors will need to utilize the Bitcoin pairing in order to make a swap here.
In order to safely store your investment, you'll need to download a compatible wallet from the coin's official website. The team has created installation packages for Windows, Linux and Mac operating systems. After downloading and installing the appropriate installation package, make sure to encrypt your new wallet with a strong password. You'll also want to make sure to create a back up in a safe place in case you ever need to recover your wallet. This will be the only way to regain access to your funds in the event of a hardware failure.