Verum Coin
| Denominations | |
|---|---|
| Code | VERUM |
| Development | |
| White paper | Verum white paper |
| Initial release | 2022 |
| Development status | Active |
| Ledger | |
| Circulating supply | 93,405 |
| Supply limit | 84,000,000 |
| Website | |
| Website | verumcoin |
Verum Coin (VERUM) is a cryptocurrency that is built on the native blockchain that called Verum Chain.[1][2][3][4]
Verum Coin is also available at TRON (TRC20) network.[5]
History
[edit]Verum Coin was launched in early 2022 by the BitCoinPay Trade[6] team to address inefficiencies and scalability issues found in earlier cryptocurrencies like Bitcoin. It operates on a light proof-of-work (LPoW) consensus mechanism optimised for high transaction throughput and rapid block generation.[1][7]
In June 2024, Verum launched the Verum Pay to integrate the VERUM as a payment tool into eSIM, VPN, and other native products.[8][9][10][11][12]
Criticism
[edit]Verum Coin has faced criticism due to its proof-of-work (PoW) consensus algorithm. The PoW algorithm requires large amounts of electricity, often produced by burning fossil fuels, which emits carbon dioxide and other greenhouse gases that contribute to climate change.[13] Verum Coin considers itself different as it uses a light proof-of-work (LPoW) consensus mechanism, which reduces the energy required for mining.[13]
References
[edit]- ^ a b "Exploring Verum Coin: What You Need to Know About Its Technology And Ecosystem". International Business Times UK. 20 June 2024.
- ^ "New Cryptocurrency Releases, Listings, & Presales Today – BlockDrop, Vatra INU, Verum Coin: Guest Post by Inside Bitcoins | CoinMarketCap". coinmarketcap.com.
- ^ "Verum Coin and Verum Token: A New Stage of Development Based on Verum Chain Network". mnews.world.
- ^ "Прогноз цены на Verum Coin: Инвестиционные перспективы на 2024-2030 годы – Daily Media" (in Russian).
- ^ https://tronscan.org/#/token20/TCE4UnEdxoCWfBcZtjDnU4WJPpVeEM6uNm
- ^ "Forbes magazine lists Verum Coin as a digital asset". mnews.world.
- ^ "Invest in the Future with Verum Coin: Why It's Worth Your Attention? – The Money Times". 12 July 2024.
- ^ "Verum E-SIM: ваша мобільна свобода без кордонів – Ukraine Times" (in Ukrainian).
- ^ "Verum Coin Ecosystem Launches Verum Pay Solution Integrated With Native E-SIM and VPN Products". U.Today. 19 June 2024.
- ^ "Verum Messenger: The New Gold Standard in Secure and Convenient Communication". mnews.world.
- ^ "Exploring Verum Messenger: A New Frontier in Secure Communication". mnews.world.
- ^ "Новое поколение мобильного интернета с Verum E-SIM | Gazeta Media" (in Russian). 11 December 2023.
- ^ a b Salam, Erum (26 April 2023). "Bitcoin is terrible for the environment – can it ever go green?". The Guardian.