The security of the network is ensured through robust mathematical principles, granting individuals greater control over their assets. With accelerated transaction confirmation times and enhanced storage efficiency, Verum Coin strives to redefine the landscape of peer-to-peer transactions.
Privacy: Verum Coin ensures user anonymity through advanced cryptographic techniques. Speed: Accelerated transaction confirmation times for seamless payments. Storage Efficiency: Efficient blockchain design for scalability.
Verum Coin's blockchain, Verumchain, exhibits the capability to handle higher transaction volumes compared to leading cryptocurrencies. Achieving more frequent block generation (approximately every 5 minutes), the network accommodates increased transaction throughput without necessitating future software modifications.
The implementation of wallet encryption serves as a crucial security feature, allowing users to safeguard their wallets. This ensures the ability to view transactions and account balances, requiring a password input before spending Verum Coins.
Verum Coin serves as the native currency within the Verum ecosystem. Holders can use it for various purposes, including: paying for premium features, tip content creators, send private payments, make in-game purchases and rewards, participate in e-commerce transactions (pay in merchants), convert Verum Coin to fiat currency.