How does VeriBlock's technology improve the security of digital currencies?

3 answers

• Jan 28, 2022 · 3 years ago
  VeriBlock's technology improves the security of digital currencies by leveraging the Bitcoin blockchain. It allows other blockchains, such as altcoins or private chains, to inherit the security of Bitcoin. This is achieved through a process called Proof-of-Proof (PoP), where the VeriBlock blockchain records a cryptographic proof of each altcoin's state on the Bitcoin blockchain. By doing so, VeriBlock ensures that any attack on the altcoin would also require an attack on Bitcoin, making it extremely costly and impractical.
  528264
• Jan 28, 2022 · 3 years ago
  VeriBlock's technology is like a bodyguard for digital currencies. It uses the security of the Bitcoin blockchain to protect other blockchains from attacks. By anchoring the state of altcoins or private chains to Bitcoin through cryptographic proofs, VeriBlock ensures that any attempt to tamper with the altcoin's transactions or history would require attacking Bitcoin as well. This creates a strong deterrent against attacks and enhances the overall security of digital currencies.
  484162
• Jan 28, 2022 · 3 years ago
  VeriBlock's technology, known as Proof-of-Proof (PoP), is a game-changer for the security of digital currencies. It allows altcoins and private chains to leverage the immense security of the Bitcoin blockchain. VeriBlock achieves this by periodically recording cryptographic proofs of altcoin transactions on the Bitcoin blockchain. This not only strengthens the security of the altcoin but also provides an additional layer of security for the Bitcoin network itself. With VeriBlock, digital currencies can enjoy enhanced security without compromising on decentralization or scalability.
  588147