Before you snap up the Bittrex IEO, there are a few facts you need to know about Veriblock

The Bittrex exchange will begin selling VeriBlock on April 3, 2019. Because Bittrex  This time, instead of using nt dollars, the purchase was made directly in bitcoin. Plus KYC is less restrictive, in this & NBSP; The IEO craze has attracted a lot of attention, and many investors are ready to snap up the project in the first place.

But before you snap up the Bittrex IEO, there are a few facts you need to know about the Veriblock project, and a rational analysis of the project.

VeriBlock is a public chain project based on PoW consensus mechanism. According to its white paper description, which aims to better protect and replace the encrypted asset network, the VeriBlock blockchain canFor other blockchains Safety of PoP, to strengthen the prevention of double flower attack, to prevent 51% continuous force attack, early attack detection, etc.

The common mechanism used by VeriBlock is PoP, PROOF OF PROOFTo enable blockchain to inherit and utilize working certificates from high-quality blockchain such as bitcoin. VeriBlock takes a snapshot of the transaction on the chain and performs secondary verification on the bitcoin network so that other blockchains can also have the security properties of the bitcoin network.

In a nutshell,VeriBlock USES the computing power of the bitcoin network for secondary verification to ensure the block chain network security from being attacked.Since the bitcoin network is currently the most secure, VeriBlock hopes to allow any blockchain to inherit the full security of bitcoin and prove the workload of other blockchains with the bitcoin main network.

But is VeriBlock's so-called PoP really a great technology?

Veriblock's technology

In fact, the technical threshold of Veriblock is not high, and its technology has been open-source.

Open source address https://github.com/hclivess/verihash/blob/master/README.md

In addition to the fact that the technology is already open source, there is no moat to speak of in Veriblock's technology vision. Inheriting and leveraging proven work to gain security from good blockchains like bitcoin is not a unique technological vision, but a feature that all blockchains already have.

The idea of Veriblock is just like this. It should be a function that should be provided by block chain. In the future, all kinds of shanzhai chains can be directly verified through the bitcoin network for a second time, without the need of Veriblock This kind of service. Moreover, the solution of netizens is also very simple. Almost any blockchain team can easily make its own chain with this "characteristic function" of VeriBlock.

Veriblock claims to be the first to invent the PoP consensus mechanism, which is more of a conceptual hype package, not worthy of a team to do a separate project and also to issue money for financing, the meaning of circle money is too obvious. Using this feature means that the chain can only be a second - and third-rate blockchain.

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