Posts Tagged ‘VRC


One of the main issues for users that are into altcoins are coins switching to PoS (Proof of Stake) or supporting both PoW (Proof of Work) and PoS (Proof of Stake) is that they need to run multiple wallets all the time usually with very low interest rate to keep them motivated. Of course the idea of PoS is to keep the network operational and with multiple nodes by stimulating users with rewards to keep their wallets running all the time, but this rarely happens as planned. This is precisely why the user interest usually drops in coins once they go to PoS pretty quick, but there is an interesting solution that might help users not loose interest in PoS coins and avoid the inconvenience of running multiple coin wallets all the time. Staisybit is an online wallet for multiple crypto coins that allows users to keep their coins stored in it and have them staked, earning rewards based on the interest rate that each coin has with very low fees. This will save you the trouble of running multiple wallets that can be heavy on the computer they are installed and require a lot of resources, especially if they are more than just a few coins. The drawback will be a smaller number of users running the wallet and supporting the network of the specific coins as the service runs a single wallet per coin with multiple users, but then again it is also about the convenience of the users.


Staisybit has been available for a while apparently, but it is not very well known among users apparently and is not very popular, even though it provides interesting service and is easy to use and works well. Currently the service has support for 13 different coins with PoS, they are: Bitz (BITZ), Blackcoin (BLK), Diamond (DMD), Energycoin (ENRG), Europecoin (ERC), Fuelcoin (FUEL), Noblecoin (NOBL), OKCash (OK), Shadowcoin (SDC), Sterlingcoin (SLG), Vericoin (VRC), CoinMagi (XMG) and Quotient (XQN). Once you register (set a secure password with small and big caps and numbers) you need to Open Wallet for the supported coin you like and send in some coins in order for the staking to start. The service can use a bit of polishing and needs some more information and details such as info on all supported coins as some of them might not be familiar to many users etc, but is still quite good and might be useful to some users.

If you are interested in checking out the cloud staking online wallet service…


VeriCoin (VRC) is an innovative and intuitive currency, that features it’s own protocol. Launched in May of 2014, VeriCoin is a Proof-of-Stake-Time currency with a disinflation targeted interest rate which is dependent on the degree of staking. Stake-Time is a new proof that favors both number the number of coins held and how often they are staked. Together these features make VeriCoin top in security and incentive. Launched in May, VeriCoin is a proof-of-stake altcoin that features a variable interest rate which fluctuates depending on how many coins are staking. As more coins are used to stake and support the network, the interest rate climbs.

The Proof of Stake-Time (PoST) the VRC uses now is a novel approach to forming a consensus by introducing a stake-time component, where the probability to stake decreases over time. This better incentivizes staking and enhances the security of the network. It also enhances the decentralization of the consensus, well beyond current standards. The practical range of disinflation is between 1.5-2.5% and the practical range of interest is between 2-10%.


Block Explorer:

Coin Specifications

  • Scrypt Algorithm PoW + PoS
  • 2500 Coins For Each Mined Block
  • Block Time: 1 minute
  • Difficulty Retarget Each Block
  • PoW Phase: Ended at Block 20160, Minted 26,751,452.35 VRC
  • Proof-of-Stake-Time: Disinflation Targeted Interest
  • Min Stake Time: 8 hours, No Max Stake Time or Amount
  • Minimum Transaction Fee: 0.0001 VRC (Paid to Stakers)
  • Confirmations: 10, Maturity: 500

Online Staking Wallet
Mac OS

Source Code:
at GitHub

– RPC Port: 58683
– P2P Port: 58684

Mining Pools:
No mining pools, the coin is currently PoS only.

Coin Exchanges: