Currently digital currencies face the impractical task of trying to be both a quick and efficient currency while also maintaining integrity as a secure store of value. VeriCoin (a Digital Currency) and Verium (a Digital Reserve) were developed to address this issue by leveraging two different but independently distinct types of blockchains. When we merge these two *unique* chains together, we will form an entirely new scalable ecosystem that we refer to as Binary-Chain.
Using the Binary-Chain will further increase the fast transaction speeds of VeriCoin while progressively securing the store of value generated by Verium.
The two specialized chains embody two specific technologies that when coupled, will exponentially enhance the best of both technologies. By integrating VeriCoin’s “Proof-of-Stake-Time” protocol and Verium’s “Proof-of-Work-Time” protocol into a symbiotic, groundbreaking and innovative set of financial tools - the Binary-Chain will enable users and merchants to transact, trade and/or create completely on-chain without depending on any third party or secondary layer solution.
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