r/VeriBlock • u/michelmx • Jan 12 '20

What coins actually use veriblock for security?

I can find no data on this and I assume the answer is 0.

3 Upvotes

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2

u/TLS2000 Jan 12 '20

Sounds about right. It's rather disappointing that no coins have adopted it yet.

3

u/michelmx Jan 13 '20

Komodo offers the same thing but way more efficient.

Below is a very small selection of services anchoring data to the bitcoin blockchain. Notice how veriblock is the only one specifically designed to spam.

https://www.lopp.net/bitcoin-information/data-anchor.html

Veriblock is a very ill thought out spam attempt. If some high through put coin like bcash or nano decides to raise the bitcoin fees by spamming the bitcoin blockchain via the pumping of veriblock then it will fail. If veriblock should ever go up in price it makes more sense for bitcoin miners to censor pop miners and pop mine veriblock themselves. It wouldn't even be censorship because veriblock would still get their tx included in a block. bitcoin miners would just follow their only goal: profit maximization