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One of the driving factors behind cryptocurrency is the fact that it is decentralized, meaning that no individual or group controls it. Instead, it is controlled by everyone participating in the particular cryptocurrency's network.
With the recent hack at Bter that saw 51 million NXT exit the exchange, the NXT community was granted a choice: change the blockchain or not. While the decision was made moot by the negotiated return of the stolen NXT, it still brought up major philosophical choices for the entire cryptocurrency community.
The VeriCoin Party, which took place at the NYC Bitcoin Center had a great turn out and those on hand were interested in learning about the latest altcoin set to play a roll in this technological revolution.
The first ever VeriCoin party on Monday, July 28 will be held in Bitcoin Center NYC.
Some new features of Vericoin are still in development by a third-party developer, but from the description it looks very promising and something that the community has looked forward to but the traditional banks are sure to hate.
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