Veritaseum is a blockchain-based software. It was launched in 2013 by Reggie Middleton. The company’s aim is “to enable software using P2P capital markets (Peer-to-Peer) without intermediaries”. Anyone with Internet access can participate in these capital markets.
The token of the Veritaseum cryptocurrency is VERI (not to be confused with VRC – VeriCoin).
How does Veritaseum work?
The platform uses a peer-to-peer protocol to provide strong security and privacy for users’ transactions. It is a decentralized platform that allows developers to create smart contracts. No need for banks, merchants or other intermediaries.
Veritaseum’s development team has designed a piece of software that acts as a centralized and distributed network. Centralized solutions are for organizations that cannot solve themselves using the capital market system. Distributed solutions are reserved for experienced individuals. They can design their own applications on the Veritaseum platform. Therefore, it is possible to manage micro and macro strategies.
The platform offers anyone interested the opportunity to trade nearly any financial digital asset. It uses a zero-margin protocol to combine utility with benefits. This gives lower transaction fees and the freedom to build smart digital contracts using the platform.
How can you buy VERI tokens?
Unfortunately, it is not possible to buy VERI tokens directly with fiat currencies. First, you need to buy some Bitcoins on trading platforms, such as Coinbase, Bitstamp or Localbitcoins. Check if your country is supported by these platforms. Then simply choose a Poloniex or Bittrex platform to trade Bitcoins and exchange for VERI tokens.
Where can you keep your tokens safe?
You can hold VERI tokens in MyEtherWallet. Wallet available for Windows, Mac and Linux operating systems and this wallet accepts VERI tokens.
You can download this wallet from here.
Alternatively, you can use a Ledger Nano S wallet. This is probably the safest option. It is a device that keeps your private keys and tokens safe. You can buy Ledger wallet right here.
Advantages of the Veritaseum platform
- It is a decentralized platform;
- The platform uses a peer-to-peer protocol to ensure strong security and privacy;
- There is an opportunity for everyone to develop their own smart contracts using the Veritaseum platform.
Disadvantages of Veritaseum Platform
- On 07/017, the platform was hacked and lost 8 million USD. After this incident, trust in the Veritaseum cryptocurrency dropped significantly;
- VERI tokens cannot be purchased directly with fiat currencies.
There is much debate about whether Veritaseum is a scam. After being hacked with US$8 million, a lot of users were frustrated and refused to continue using the platform. We cannot argue whether this platform is worth your investment or not. We hope you will make the right decision.
Follow the Twitter page | Subscribe to Telegram channel | Follow the Facebook page