VeriBlock blockchain is a solution to protect other secondary blockchains through BTC network computing power, which can effectively help other blockchains resist 51 attacks, double-spend attacks, etc. VeriBlock adopts the PoP consensus mechanism to extend the security of Bitcoin to other blockchains in the safest, most economical, and easiest-to-implement way, and further develop the DTTP spirit of PoP (including: decentralization, mutual trust, transparency, No permission required). VeriBlock can be used as a fully DTTP secure adapter/aggregation layer between other blockchains and Bitcoin. VeriBlock Coin (VBK) serves as a price issuance mechanism that allows for the efficient allocation of limited resources for warrants, allowing all blockchains to inherit Bitcoin's PoW security.

Project History

Veriblock was started by four cryptocurrency and technology experts, MaxSanchez, JustinFisher, TimStall and JoshRack. Their expertise revolves around programming, web hosting/telecom and blockchain databases respectively. Their project went live when they came up with new ideas that re-addressed Bitcoin's decentralized, trustless, transparent and permissionless features to provide a higher level of security.
After a series of testing phases in its testnet, Veriblock successfully launched its mainnet on March 25, 2019. First, its mainnet will be able to perform its core functions, such as sending and receiving tokens using its proof-of-concept protocol to provide security and scalability. Especially mining other blocks on its ledger.

Project advantages

1. Prevent Double Spending
Security is a top priority in the Veriblock blockchain. Hackers tend to make multiple copies of digital currencies with the aim of using them in multiple transactions, thus double spending occurs. Its proof-of-proof security layer helps prevent facing double-spending problems by ensuring that each transaction is verified and reported on the blockchain ledger before other transactions are verified.
2. Defending against 51% attacks
Blockchain systems are designed to enable miners to use computing power to solve other mathematical problems of adding blocks. The more computing power a miner has, the higher the number of hashes they can calculate. However, there may be bad miners in a blockchain system that can control more than 50% of the network hash rate. In this case, the blockchain system can be manipulated, controlled or even insecure for other miners. Veriblock helps reduce 51% attacks by ensuring that the entire consensus algorithm is not corrupted and that each block is verified under standard conditions.
3. Early attack detection
Early detection of attacks helps reduce security breaches by blockchain attackers. The Veriblock security layer serves as a trusted blockchain, helping to reduce the damage that can be done in the process.

How VeriBlock is Mined

The VeriBlock blockchain is mined in two different ways: PoW and PoP mining. PoW miners are responsible for creating blocks, providing intermediate consensus for the blockchain, and providing the blockchain with PoW-powered first line of defense inheritance security through VeriBlock.
PoP miners are responsible for publishing the current state of the VeriBlock blockchain (and, by proxy, all blockchains secured by VeriBlock) to Bitcoin in a full DTTP fashion.

How VeriBlock Helps Blockchain

Using Proof-of-Proof through the VeriBlock ecosystem, any blockchain can inherit Bitcoin's consensus security, making consensus attacks (rewriting history to perform double attacks, etc.) more difficult to execute. This additional security significantly increases trust, allows blockchain tokens to be listed on more exchanges, reduces confirmation wait times on existing exchanges, and participates in fiat markets due to the risk of token theft associated with consensus significantly reduce. Consumers now have more confidence in the blockchain, and developers of projects can focus on creating rich feature profiles rather than inventing and implementing fancy and untested security mechanisms.

How VeriBlock helps exchanges and merchants

Thanks to the proliferation of secure blockchains, exchanges and merchants can list coins from more blockchains, while generally requiring fewer confirmations, as they greatly reduce the risk of double spending.

How VeriBlock Helps Bitcoin

PoP miners securing the VeriBlock blockchain spend bitcoins publishing information about the current state of VeriBlock, thereby increasing buying pressure on the bitcoin coin while paying bitcoin miners higher fees. VeriBlock also provides an environmentally friendly image of Bitcoin's PoW, as it can reuse PoW to secure an unlimited number of blockchains.

How difficult is it to attack a blockchain secured by VeriBlock

This is seen in real-time once a given block on the VeriBlock secure blockchain reaches full security (after a period of time, depending on the aggressiveness of the weighting algorithm used by the blockchain and no conflicting data) ), reversing the consensus block for this requires forking the Bitcoin, VeriBlock, and VeriBlock secure blockchains at the same time.

How VeriBlock differs from Sidechains / Drivechain

VeriBlock Proof-of-Proof is a complementary technology to sidechains/drivechains. Provided with a sufficient security budget, sidechains can adopt VeriBlock consensus technology like any other public blockchain.

Why VeriBlock needs coins

The VeriBlock blockchain provides a proof aggregation layer and its coin provides a means of paying decentralized VeriBlock PoW and PoP miners in a manner fully controlled by the VeriBlock blockchain protocol. Thus, VeriBlock Coin acts as a price discovery mechanism that allows for efficient distribution of proof-of-war resources, allowing all blockchains to inherit Bitcoin's PoW security.

What is needed to prove proof of mining

In order to obtain VeriBlock Testnet coins for PoP mining, you will need a running instance of the Bitcoin Testnet (Mainnet VeriBlock will require Mainnet Bitcoins) with an address containing a positive Bitcoin balance. Also, you need the free VeriBlock core software (NodeCore, CLI and PoP Miner).

What is required for proof of work mining

In order to obtain VeriBlock testnet coins for PoW mining, you will need a computer that is not using CPU (or higher, GPU) power. Also, you need the free VeriBlock core software (NodeCore, CLI and PoW Miner).
Related links:
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https://www.huajutang.com/szhb/1374. html

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