Daily Crypto Update-VERI Rises 16.68% in 24 Hours!
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Daily Crypto Update-VERI Rises 14.36% in 24 Hours!

Veritaseum (VERI) has risen 14.36 percent in the last 24 hours. The cryptocurrency saw a low of 86.67 USD yesterday, May 26 and is now being traded at 98.26 USD.

 

What is Veritaseum (VERI)?

Veritaseum is a highly disruptive revolution in finance, investment and value. It uses blockchain technology, smart contracts and distributed computing to aid industries and entities suffering from high economic rents, undue friction and gross inefficiencies. Describing Veritaseum is actually very simple, but that description is often frustrated by:

  • Lingering concepts of the legacy institutional business models that Veritaseum seeks to disintermediate;
  • Ingrained prejudices towards leaps in technological capabilities, particularly in the first industry that we’re moving to disrupt – finance.

At it’s simplest, Veritaseum is the gateway to peer-to-peer capital markets. It allows any two or more individuals to deal directly with each other in transactions of value without reliance on centralized or authoritative third parties. They can do this without concern for typical legacy credit or counter-party risk. Phenomenal, right? Of course, this begs the question… How is this done? Let’s start with how it’s not done. Veritaseum is not a broker, a fund, a bank or an exchange. It is distributed, serverless (stateless) software and a collection of smart contracts ran through the blockchain! To explain what we are, let’s take a quick history lesson.

Reasons for the Rise

VERI has been the top gainer for two consecutive days and the reason could be that cryptocurrency is that now physical (fully redeemable) gold has been added to the VeADIR portfolio as a demonstration of the VeADIR’s capabilities and potential. I will pay Veritaseum contractors and employees with the same tokens some time very soon. 

Other Major Gainers

The top cryptocurrencies that have gained considerably in the crypto market in the last 24 hours apart from VERI are:

Electroneum (ETN) has gained 9.49 percent, and WaykiChain (WICC) has gained 8.76 percent.

Ardor (ARDR) has gained 8.76 percent, and Baytom (BTM)has gained 1.71 percent.

MaidSafeCoin (MAID) has gained 1.58 percent while Bitshares (BTS) has gained 0.36 percent

Nxt (NXT) has gained 0.35 percent, The last cryptocurrency which made its way into the list of gainers is Elastos (ELA) with 0.23 percent.

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Madhuri Arora
A passionate writer and an avid reader. I love watching action and superhero movies. Love food, music, travel and games.