VRC
VRC was designed to reduce the PoW phase and enter PoST phase quickly. With a steady block reward and block time of sixty seconds, the PoW phase finished after the first few weeks of launch - 10/05/2014. The PoST interest rate is dynamic and depends on how much the coin is held and staked in the PoST. The dynamic interest rate is pegged at a sensible level of between 0-3% roughly. The PoST interest is gained through transaction fees which are also distributed to the Vericoin fund - to aid in development and promotion of the currency. There was no premine.
Full Name | VeriCoin (VRC) |
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Start Date | 2014-07-06 |
Algorithm | Scrypt |
Proof Type | PoST |
Website | http://www.vericoin.info/ |
@VeriCoin | |
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Block Number | 2195947 |
Block Time | 60 |
Block Reward | N/A |
Total Coins Mined | N/A |
Previous Total Coins Mined | N/A |
Net Hashes Per Second | N/A |