VeriBlock vProgPoW GPU Mining and Economically Gated ASIC Transition Plans
For those unfamiliar with VeriBlock and Proof-of-Proof: The Proof-of-Proof (“PoP”) consensus protocol allows any blockchain to inherit the full Proof-of-Work security of Bitcoin in an entirely Decentralized, Trustless, Transparent, and Permissionless (“DTTP”) manner. PoP introduces a new form of mining wherein PoP miners compete for rewards by performing “security transactions” where they publish fingerprints of a PoP-secured blockchain to another blockchain to inherit its security. The VeriBlock blockchain uses PoP to secure itself to Bitcoin, and acts as a security aggregation layer, allowing other blockchains to inherit Bitcoin’s security in the most easy, cost-effective, and secure manner possible. You can learn more at our community website, on our Discord, or by reading our whitepaper. You can also follow us on Twitter and LinkedIn for project updates.