Douglas Pike, Co-Creator of Vericoin- Presenting the First Ever Dual Blockchain System
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 25 September 2017
⏱️ 27 minutes
🧾️ Download transcript
Summary
“There are very few proof of stake currencies… people like to stick with what they know,” says Douglas Pike. But just three years ago, Pike decided to venture into this lesser explored area of crypto technology, becoming the co-creator and lead developer of VeriCoin- a proof of stake (PoS) currency that distinguishes itself from other PoS currencies in a number of ways. “We wanted to take the proof of stake model that existed and improve upon it and build the foundation for a currency that was decentralized, but also basically costless,” says Pike. Aside from affordability, VeriCoin promises significantly faster transactions times. How? By developing a consensus pairing between VeriCoin and Verium (a digital reserve), they created the first every dual blockchain system that combines a proof of stake chain with a proof of work chain. They call it Binary Chain, and you can expect to be hearing a lot more about it in the coming months. Tune in to hear Pike’s in-depth explanation of these topics and more.
Pike also discusses:
* The most important distinctions between proof of stake and proof of work, as well as how the combination of the two makes Binary Chain so effective as a solution for slow transaction rates and scalability.
* VeriCoin’s staking parameters, network parameters and the size of the VeriCoin network
* The decentralization/democratization of mining
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Bitcoin, Ethereum, and blockchain super conference is coming to Dallas, February 16, 17, and 18 in 2018. |
| 0:09.0 | If you know of a better way to get the latest insider knowledge about crypto to hear directly from the top |
| 0:14.4 | minds in this field. To interact personally with 800 fellow crypto lovers, |
| 0:19.4 | hodlers, investors, miners, traders, developers and founders, then I'd like to hear about it. |
| 0:25.8 | If you don't, then you don't want to miss out. |
| 0:28.7 | Register today for the Bitcoin, Ethereum, and blockchain super conference. |
| 0:33.0 | Go to Bitcoin super conference.com |
| 0:35.0 | and register today as a super early bird |
| 0:38.0 | to get the lowest rates on tickets and hotel rooms. |
| 0:41.0 | That's Bitcoin super Conference.com. |
| 0:44.0 | Welcome to Almost Here, round the corner of Future Technology Podcasts with Richard Jacobs. |
| 0:51.0 | Future Technologies ways to transform our lives for better or worse are the focus of this |
| 0:56.4 | podcast. |
| 0:57.4 | Almost here means these technologies are now here and starting to be used, or just around the corner, from Bitcoin to artificial intelligence, |
| 1:05.9 | 3D printing, blockchain, virtual reality, and more. |
| 1:10.6 | Hi, this is Richard Jacobs with Future Tech Podcast. My guest today is Douglas Pike, one of the |
| 1:16.4 | co-creators and lead developers of the open source projects known as Veracoyne. |
| 1:21.1 | Doug, how you doing? Good, how's it going? |
| 1:24.0 | Good, thanks for coming. |
| 1:25.0 | Yeah, so tell listeners. |
| 1:27.0 | Tell me about a very coin project. |
| 1:29.0 | Why did you guys conceive of it and what's the goal? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Richard Jacobs, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Richard Jacobs and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.