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Douglas Pike speaks about VeriCoin on BitCoinRush's "Open Minute" segment.

As an undergraduate at Richard Stockton College he studied Biology and is currently pursuing a PhD in BioMedical Engineering.
Doug’s Computational BioPhysics work includes being the lead developer of a novel Protein Design Software Library as well as authoring numerous Scientific Publications.

In addition to his work with VeriCoin Doug and Patrick Nosker are also Co-Inventors of a process to discover influenza therapeutics.

On “The Open Minute" Doug talks about what VeriCoin is, the features that currently make it unique as a Digital Currency and, for the very first time, reveals the basic premise of Proof of Stake Time - better known as PoST.

PoST is an entirely new BlockChain based Proof of Stake protocol that is actively being developed and rigorously tested by the VeriTeam on TestNet.

Proof-of-Stake Time addresses three glaring issues with the current Proof-of-Stake system.

- Increased Incentive: Long term investors who actively stake their coin will be HIGHLY rewarded for doing so.

- Less Biased: Earning interest is no longer dependent solely on the amount of coin you own but rather how ACTIVELY you stake your coins.

- Increased Security: Actively staking your coin now increases the overall network stability SUBSTANTIALLY - securing it from any potential “attacks”.

*All will be revealed in the soon to be released Proof-of-Stake Time white paper.

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