VeriCoin VRC to Nano NANO Exchange

Crypto Pair Details: VRC to NANO

VeriCoin VRC

VeriCoin (VRC) is a Proof of Stake-Time cryptocurrency. It was previously a Proof-of-Stake cryptocurrency with Proof of Work used to mine coins in the early stage. VeriCoin began work on PoST after the MintPal VRC hack and the subsequent roll back. More information on Proof of Stake-Time can be obtained by reading the whitepaper here. There is no Pre-mine or IPO for VeriCoin. The minimum stake time is at least 8 hours. The one highlight feature of VeriCoin is VeriFund. VeriFund is the answer to ensure stability and growth of VeriCoin. It is used to counter the inflationary effect of the proof of stake. When the supply increases, VeriFund will purchase liquid supply of VeriCoin to ensure growth and stability of the coin's value. More info about VeriFund can be found at http://vericoin.info/verifund.html Another key feature of VeriCoin is VeriSMS. VeriSMS is an SMS wallet system that gives your phone capability to access the VeriCoin network. Some of the available commands include 'Balance', 'setpassword', and 'SEND'. More information about VeriSMS can be found at http://vericoin.info/text.html

Nano NANO

Nano, a low-latency cryptocurrency built on an innovative block-lattice data structure offering unlimited scalability and no transaction fees. Nano by design is a simple protocol with the sole purpose of being a high-performance cryptocurrency. The Nano protocol can run on low-power hardware, allowing it to be a practical, decentralized cryptocurrency for everyday use. The original Nano (RailBlocks) paper and first beta implementation were published in December, 2014, making it one of the first Directed Acyclic Graph (DAG) based cryptocurrencies [6]. Soon after, other DAG cryptocurrencies began to develop, most notably DagCoin/Byteball and IOTA. These DAG-based cryptocurrencies broke the blockchain mold, improving system performance and security. Byteball achieves consensus by relying on a “main-chain” comprised of honest, reputable and user-trusted “witnesses”, while IOTA achieves consensus via the cumulative PoW of stacked transactions. Nano achieves consensus via a balance-weighted vote on conflicting transactions. This consensus system provides quicker, more deterministic transactions while still maintaining a strong, decentralized system. Nano continues this development and has positioned itself as one of the highest performing cryptocurrencies. Nano is a trustless, feeless, low-latency cryptocurrency that utilizes a novel blocklattice structure and delegated Proof of Stake voting. The network requires minimal resources, no high-power mining hardware, and can process high transaction throughput. All of this is achieved by having individual blockchains for each account, eliminating access issues and inefficiencies of a global data-structure. We identified possible attack vectors on the system and presented arguments on how Nano is resistant to these forms of attacks. Check out CoinBureau for the complete review of Nano.

SOURCE: COINGECKO

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