How To Buy Vericoin
What is Cryptocurrency?
A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative.
What is VeriCoin?
VeriCoin is a new (since May 2014) cryptocurrency, which utilises Proof-of-Stake-Time to verify transactions. This model means, instead of mining, you earn interest on the coins in your wallet. So without high-intensity power-hungry mining, it's also better for the environment than BitCoin. VeriCoin is also the first altcoin to be accepted by merchants, ANYWHERE BITCOIN IS ACCEPTED. Any merchant or service that accepts BitCoin as payment can automatically accept VeriCoin (via VeriBit).
What is VeriCoin faucet?
VeriCoin faucet allow you to get free VeriCoin that you can try out, play around with, and familiarize yourself with VeriCoin and the crypto-currency world. A VeriCoin faucet is a web site that dispenses small amounts of VeriCoins for simply entering your wallet address. It's very easy and fast.