So I stumbled upon this gem yesterday. I was looking for the best coins to stake and mine on a CPU ONLY. My search landed me on Vericoin/Verium Reserve which for those of you who don't know is the first and only dual blockchain coins available. This is a very important trait to how these coins work and I will describe it momentarily. First I want to talk about the market action on all coins. It seems that the bottom (shit brick zone) has finally arrived and we are now slowly ascending. All of the FUD I think is past us and the worst is over. I am not saying we won't see more or another dip but I think the worst of the dip has occured.
Now for what you clicked this article for. Vericoin and Verium Reserve is the first dual blockchain pair that is aimed at solving the scaling issue and mining fee auction that plaques bitcoin. As it is decribed, verium is the coin that can be mined and is scaled based upon the mining power and quantity of miners on the network. The more miners, the faster the blocks are found and the more transactions that can take place within those blocks. The process is called proof of work-time. Basically as time progresses, the block size and speed is constantly being adjusted in order to balance the mining efforts. This is done to solve the scaling issues with bitcoin and end the mining fee auction as the transactions are handled fasted and in higher quantities when the blockchain is in high demand.
Vericoin is in place to keep transaction fees low. Essentially you are able to transfer your verium reserve into Vericoin for small and very fast transactions. This blockchain feeds off of the Verium Reserve chain as the Verium Reserve chain feeds off of the Vericoin chain. As an added bonus, the minting process of the Vericoin is done by Proof of Stake-Time. Again the coin minting is regulated by time and blockchain demand. As more demand takes place, the stake interest increases as an incentive to stake the coins so the transactions can occur quicker and cheaper.
This self sustained system has the power to overpower the use case of bitcoin. Verium reserve becomes this pair's gold while Vericoin is the spendable cash. This system is powerful since it solves all of the problems bitcoin has and offers very good incentives to do so.
As a reminder Verium Reserve is a CPU ONLY mined coin. It can be done straight from the wallet or in a Pool (recommended for normal CPUs). The algorithim is completely ASIC and GPU mining proof. If you are looking to mine a coin that should appreciate in value over time as it gets some limelight, Verium Reserve is where it is at. Then take the mined coins and stake them to increase the quantity of coins for even more gains.