The great blockchain trilemma of Decentralization, Security and Scalability can be solved through the clever merging of a POW (Verium Reserve) and POS (VeriCoin) chain.
There is always a trade off of at least one of those 3 principals with traditional proof of stake/proof of work consensus mechanisms. The Binary Chain of VeriCoin and Verium Reserve looks to have the capability to solve this.
Thus far, Bitcoin relies on the Lightning Network, a less than ideal off chain solution to solve for scalability. The Binary Chain of VeriCoin and Verium Reserve is built scalable by design, creating a system that is more secure, scalable and decentralized than anything else.
Related Post:
- VeriCoin – Explaining the Benefits of VeriCoin’s Unique Binary-Chain
- VeriCoin – Explaining the Benefits of VeriCoin's Unique Binary-Chain
- VeriCoin and Verium – Verium Mining ASIC and GPU Resistant
- VeriCoin and Verium – What problems does digital currency solve?
- Understanding Cryptocurrency and The VeriConomy powered by VeriCoin & Verium
- VeriMobile – VeriCoin and Verium Dual Mobile Wallet
- VeriCoin & Verium – Community Update and AMA
- VeriCoin and Verium Weekly Update – Episode 001
- VeriCoin and Verium Weekly Update – Teaser
- Vericoin and Verium – Why should I trust digital currency?