VeriBlock Foundation Launches New Bitcoin Secured by Bitcoin
Sep 10, 2021
GEORGE TOWN, Cayman Islands - September 10, 2021 - (Newswire.com)
The VeriBlock Foundation, a Cayman Islands nonprofit dedicated to promoting the development and adoption of VeriBlock®'s Proof-of-Proof® (PoP®) security technology, announced the launch of the incentivized Bitcoin Squared ("BTCSQ") testnet on Sept. 13, 2021, at 10:00 a.m. ET. The testnet is based on the vBTC reference implementation from the project's new VeriBlock Labs incubator, which is designed to build and test new technologies in the VeriBlock ecosystem.
Following the incentivized testnet period, Bitcoin Squared will be launched as a mainnet altchain maintained and supported by the VeriBlock team and will serve as a reference for other Bitcoin-based blockchains interested in inheriting Bitcoin's security to prevent 51% attacks.
"We're excited to move into our incentivized testnet phase for Bitcoin Squared, which will further harden the reference implementation prior to its official mainnet launch," explained VeriBlock Co-Founder and CDO Tim Stall. "The community's testing and feedback will also benefit all future blockchains which adopt VeriBlock's technology."
Upon launch of the Bitcoin Squared mainnet, all incentivized testnet BTCSQ will be reflected; early adopters who PoP or PoW mine in the testnet will receive equivalent mainnet coins upon launch, following the same approach that the VeriBlock blockchain itself used during its original incentivized testnet period.
Anyone interested can learn more about VeriBlock and Proof-of-Proof on VeriBlock.org, begin mining in the incentivized testnet through this link, and join other incentivized testnet participants on the project's Discord.
About the VeriBlock Foundation
The VeriBlock Foundation is a Cayman Islands nonprofit committed to increasing awareness and adoption of the VeriBlock Blockchain and its Proof-of-Proof (PoP™) security protocol. VeriBlock inherits security from Bitcoin in a completely Decentralized, Trustless, Transparent, and Permissionless ("DTTP®") manner, following the same attributes that made Bitcoin great and allows any other blockchain to reinforce their existing security with the full Proof-of-Work power of Bitcoin in the same manner. To learn more, you can join the project's Discord or follow them on Twitter.
Media Contact
Savannah Muir
[email protected]
Press Release Service by Newswire.com
Original Source: VeriBlock Foundation Launches New Bitcoin Secured by Bitcoin
More News
Hugh Laurie Joins HBO’s ‘The Trial Of Louise Woodward’
EXCLUSIVE: Hugh Laurie is the latest addition to The Trial of Louise Woodward, HBO’s true-crime limited series from creator Matthew Barry. This marks Laurie’s third outing with HBO after Veep and Avenue 5 – both comedies from Armando Iannucci. He joins a cast with Catriona Chandler in the title role. The show also stars Joanne […]
What’s This ‘S.N.L’ Star’s Next Move Beyond Trump? A New Comedy Special.
Johnson found fame playing President Trump on “S.N.L.” He hopes a new comedy special shows he has more to offer than just impersonations.
Taylor Swift’s MTV VMAs 2026 After Party Guest List: See Which Stars Attended
Taylor Swift had a big night at the 2026 MTV VMAs! Taylor took home the awards for Video of the […] The post Taylor Swift’s MTV VMAs 2026 After Party Guest List: See Which Stars Attended appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Why Noah Kahan Wasn't at VMAs 2026
Noah Kahan might be an astronaut, but he couldn’t be at the VMAs with all the moon people. Although the “Orbiter” singer was nominated for Best Alternative video at the Sept. 27 ceremony—which...
‘Elsinore’ Trailer: Andrew Scott Plays AIDS-Afflicted ‘Hamlet’ Actor Ian Charleson in Heartbreaking Biographical Drama
Focus Features has released the trailer for “Elsinore,” the Andrew Scott-led drama from director Simon Stone. The film will be released in theaters on Nov. 20. Written by Stephen Beresford, “Elsinore” is the “deeply emotional and inspirational true story of Ian Charleson, a gifted actor whose greatest challenge becomes his greatest triumph,” per the official […]
‘La Bola Negra’ Trailer: Latest Look At TIFF’s People’s Choice Winner, Spain’s Oscar Entry & Cannes Breakout
UPDATED with official trailer: Netflix has released the official trailer for La Bola Negra, the Spanish drama from Javier Calvo and Javier Ambrossi that has been gaining serious momentum since bursting on the scene at the Cannes Film Festival, where it scored a 20-minute ovation at its world premiere and won the directors, known as […]
'American Horror Story' actress wants her daughter to learn other skills before acting
'American Horror Story' actress wants her daughter to learn other skills before actingGabourey Sidibe, known for her role in American Horror Story is mother to twins Cooper and Maya.In an interview with People Magazine, Sidibe talked about whether she wants her twins to follow in her acting...
Margot Robbie’s ‘Neighbours’ Episodes to Be Recut Into a Microdrama by RoseBerry for Its Epis Platform (EXCLUSIVE)
Long-running Australian soap opera “Neighbours” is being recut into short-form vertical video by RoseBerry Media for its Epis (stylized as “epis”) platform — and it’s starting with episodes starring Margot Robbie. Robbie starred as Donna Freedman on the series from 2008 to 2011 before becoming a globally recognized film star. For Epis’ microdrama launch of […]
Merritt Wever On The Moral Lessons Of Lance Oppenheim’s ‘Primetime’: “We Don’t Seem To Learn”
From Alex Gibney’s mammoth study of the rise of X proprietor Elon Musk to Danny Boyle’s dramatization of the birth of British tabloid newspaper The Sun, this year’s Venice Film festival featured a lot of movies speculating on the past, present and future of the media. None did it quite as disturbingly, however, as Lance […]
Best and Worst Moments of the 2026 MTV VMAs
Madonna ruled on Sunday night as the ceremony tried to recall VMAs of the past.
Lauren Jauregui Shares “Punk as F--k” Message About Body Image
Lauren Jauregui doesn’t need to live up to societal expectations. In fact, the Fifth Harmony singer is more than happy in the skin she’s in. “Honestly, I feel like it's punk as f--k to not be a...
NBC Taps 100th Anniversary to Hook More Advertisers With Tentpole Events
The network is 100 years old. The commercials, however, are new. NBCUniversal is trying to expand the sponsorship model it used for the 50th anniversary of “Saturday Night Live” in 2025 and customize it for its coming celebration of a century of its flagship broadcast network. If sponsors like it, the company will have a […]
Recommended
Ohio House of Horrors Doc Set At Oxygen
Olivia Rodrigo, Taylor Swift, Madonna and More!
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.