VeriBlock price is $0.00044170
As of now, VeriBlock (VBK) has a price of $ 0.00044170.
VeriBlock is a unique blockchain platform that uses a novel Proof-of-Proof (PoP) consensus protocol. The PoP protocol allows any blockchain to inherit the exceptional thermodynamic proof-of-work security of Bitcoin in a totally decentralized, trustless, transparent, and permissionless (DTTP) manner.
The primary aim of the VeriBlock blockchain is enhancing security of all blockchains in the world, by leveraging Bitcoin's security. Ever since the introduction of VeriBlock in September 2018, it has already completed over millions of PoP transactions to Bitcoin, even accounting for nearly half of all Bitcoin transactions at its peak. This highlights the key role VeriBlock has started to play in the cryptocurrency world.
VeriBlock project has attracted strategic investors, partners, and advisors including Bill Shihara (CEO of Bittrex), Matthew Roszak (Co-Founder and Chairman of Bloq), Jeff Garzik (Co-Founder of Bloq and Former Bitcoin Core Developer), Anthony Di Iorio (Co-Founder of Ethereum and Decentral), and Bo Shen (General Partner at Fenbushi Capital).
VeriBlock works by using a novel consensus protocol named Proof-of-Proof (PoP). This protocol allows any blockchain to use the proof-of-work security of Bitcoin in an entirely DTTP manner. Essentially, VeriBlock secures other blockchains by 'publishing' their block data to Bitcoin, thus inheriting its security attributes. The decentralised approach of the protocol effectively make it possible for numerous blockchains to leverage Bitcoin's security.
The uniqueness of VeriBlock lies in its PoP consensus protocol. It is the first and only technology globally to allow any blockchain to use Bitcoin's proof-of-work security. The platform also accounts for a significant portion of Bitcoin transactions through its PoP protocol.
Furthermore, the decentralised, trustless, transparent, and permissionless (DTTP) nature of VeriBlock ensures that securing blockchains is done without a central authority. This is an exceptional development in the world of blockchain, aligning with the fundamental philosophies of decentralization and trustlessness inherent in cryptocurrency technology.
At present, the circulating supply of VeriBlock (VBK) is 1.2B. This will continue to increase until it reaches the total supply of 1.2B.
VeriBlock (VBK) is available for purchase on the following exchanges: UPbit, Bittrex. Remember to do your own research before making a purchase as the cryptocurrency market can be volatile.
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