ZelCore Adds VeriBlock Asset — Store your VBK Without Syncing the Chain
Zel Official Follow
Nov 10, 2019 · 3 min read
VBK holders can manage their coin inside the ZelCore multi-asset wallet on both Desktop and Mobile — ZelCore+ users can trade VBK on Bittrex in-app
ZelCore + VeriBlock
The Zel Team is excited to announce that VeriBlock ($VBK) will be integrated into the ZelCore multi-asset wallet. VBK can now be stored and transacted in a lightweight manner, meaning users now have the option to check balances and move assets without needing to sync the VBK blockchain.
VeriBlock and the Zel Team are also working on the feasibility of adding Proof-of-Proof (PoP) mining and security metrics into the ZelCore GUI. More info about PoP mining will be released as it develops. As VeriBlock rolls out the VeriBlock Altchain Integration Factory (“VAIF”) to streamline the adoption process of PoP technology by altchains, PoP mining in ZelCore could enable low-friction PoP mining where users can earn rewards for simultaneously securing a multitude of altchains.
What is VeriBlock?
VeriBlock is a “Decentralized, Trustless, Transparent, and Permissionless means of inheriting Proof-of-Work security.” The blockchain utilizes both PoW and PoP (Proof-of-Proof) mining to secure other blockchains by leveraging the hash power of the BTC mining network. PoW miners generate blocks on the VeriBlock network (which contain a unique hash combination of states of all chains secured by VeriBlock) at an average rate of one block every 30 seconds, and PoP miners compete to publish the proofs of these blocks to the BTC network, secured by the massive number of BTC miners. This novel strategy allows any altchains to maintain similar security levels as BTC without matching BTC’s mining network and power consumption.
VeriBlock’s whitepaper can be viewed here.
What is ZelCore & ZelCore+?
ZelCore is a multi-asset wallet available for Desktop and Mobile (iOS & Android) platforms. The wallet allows users to manage custody of over 150 different crypto assets and the asset layers of projects like Ravencoin, NEO, and Ontology. ZelCore leverages the unique private key generation scheme of a username & password system, along with decentralized 2FA as an additional layer of security. No private account information is stored or transmitted by ZelCore, allowing users 100% control over their digital assets. ZelCore is completely free-to-use by anyone.
ZelCore+ offers more advanced features such as native integration of exchanges (Binance, Bittrex, and Kraken with more to come), additional lite addresses, TradingView integration and more. ZelCore+ is available with a monthly subscription plan, and is not required to use the standard, full-featured ZelCore wallet.
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Written by Zel Technologies, GmbH — 20 October 2019 — Rev. 1