Proof-of-Stake Verified. Proof-of-Work Distributed. Network-Stake-Dependent Interest. VeriCoin is an innovative and game-changing approach to gaining merchant acceptance that could shake up the altcoin world after gaining wider adoption.
Launched in May of 2014, VeriCoin is a proof-of-stake altcoin which features a variable interest rate that fluctuates based on the number of coins which are actively staking. As more coins are used to support the network, interest rate climbs.