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

Veritaseum (VERI) has risen 16.68 percent in the last 24 hours. The cryptocurrency saw a low of 75.38 USD yesterday, May 25 and is now being traded at 86.10 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

One of the biggest reason for the rise of the 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 ten cryptocurrencies that have gained considerably in the crypto market in the last 24 hours apart from VERI are:

iExec RLC (RLC) has gained 9.13 percent, and Zen Cash (ZEN) has gained 8.27 percent.

WaykiChain (WICC) has gained 8.19 percent, and Electroneum (ETN) has gained 5.11 percent.

Nuls (NULS) has gained 4.42 percent while Elastos (ELA) has gained 3.96 percent

TRON (TRX) has gained 3.79 percent, and EOS (EOS) has gained 3.34 percent.

Polymath (POLY) has gained 3.13 percent. The last cryptocurrency which made its way into the list of gainers is ReddCoin(RDD) with 2.60 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.