VeriCoin VRC to ShipChain SHIP Exchange

Crypto Pair Details: VRC to SHIP

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

ShipChain SHIP

The ShipChain platform is based on a simple, yet powerful solution called 'Track and Trace.' Our ecosystem will encompass all methods of freight, and will include an open API architecture that can integrate with existing freight management software. The ShipChain platform unifies shipment tracking on the Ethereum blockchain, using a sidechain to track individual encrypted geographic waypoints across each smart contract. With this system, the meaning of each cryptographic waypoint is only accessible for interpretation by the parties involved in the shipment itself. This gives shippers more visibility across their supply chain, and allows carriers to communicate with ease. Information about loads, geo waypoints, and other basic information is recorded and publicly validated within the sidechain. On the shipment's delivery and confirmation, the contract is completed and stored on the main blockchain.

SOURCE: COINGECKO

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