The VeriBlock blockchain utilizes a new class of mining, Proof-of-Proof, to extend Bitcoin-level security to any blockchain. VeriBlock’s Proof-of-Proof consensus protocol delivers Bitcoin-level security to both new and established blockchain and cryptocurrency projects that may otherwise be vulnerable.
What Is the VeriBlock Blockchain?
The VeriBlock blockchain is a concrete implementation of Proof-of-Proof (PoP), which extends Bitcoin’s security to other blockchains in the most secure, economical, and easy-to-implement manner possible, further developing upon the Decentralized, Trustless, Transparent, and Permissionless (DTTP) ethos of PoP. It acts as a fully DTTP security adapter/aggregation layer between other blockchains and Bitcoin.
Every time a new blockchain joins the VeriBlock ecosystem, or an existing one increases in value, all other blockchains in the VeriBlock ecosystem benefit by having additional security and decentralization that results from VeriBlock’s increased network effect.
What Problems Does VeriBlock Solve?
VeriBlock addresses two major problems: alternate blockchains (or altchain) security and Bitcoin scalability. By securing a diverse ecosystem of blockchains, which specialize in solving particular problems, VeriBlock encourages widespread adoption of these blockchains causing an exodus of transactions from Bitcoin to more specialized blockchains while driving value from the success of these blockchains back to Bitcoin.
Why Secure With Bitcoin?
Bitcoin, the golden standard of security, has more than 40 times the thermos-equivalent computational power to the world’s fastest supercomputer. As of July 2017, a successful attack on Bitcoin would require a minimum of 600 MWh of electricity and over $1B of specialized computational infrastructure.
JUSTIN FISHER — VERIBLOCK CO-FOUNDER AND CEO
Justin Fisher is an entrepreneur and long-standing advocate of the blockchain industry. As Co-Founder and CEO of VeriBlock alongside his CTO, Maxwell Sanchez, Justin co-invented the Proof-of-Proof (“PoP”) blockchain consensus protocol which enables blockchains to inherit Bitcoin’s computational security in a fully Decentralized, Transparent, Trustless and Permissionless manner (DTTP).
Justin serves on the Executive Committee of the Chamber of Digital Commerce, the world’s leading trade association representing the digital asset and blockchain industry. Justin also is on the committee of the Token Alliance, within the Chamber of Digital Commerce, dedicated to fostering best practices and frameworks for the responsible growth of tokenized networks and applications. In addition, Justin sits on the Steering Committee of Digital Cayman aimed at cultivating Cayman’s dynamic and digital ecosystem.
