VeriCoin Verium 2017 Year End Review
January 01, 2018

2017 – Year In Review

2017 was quite a year for the VeriCoin and Verium project. 2017 was a great year and we thought it would be a good time to do a quick recap on the past 12 months and also shed some light on some exciting developments you can look forward to in 2018.

Community

“The tree that is beside the running water is fresher and gives more fruit.”

The foundation of this project has been solid since 2014 primarily because of the vision of the founders (@pnosker and @effectstocause). If the vision and idea is the soil, the technology is the roots, then the community is the running water that will help this tree bear fruit.

The community should be proud of it’s accomplishments during 2017, especially in the last quarter. There have been more discussions about the technology and the project especially in Slack and Reddit.

VeriCoin’s Reddit Stats

More important than number of followers though is the number of people stepping up and getting involved lately. The contributions have been nothing short of amazing.

Facebook: 3,293 Followers
2018 Goal: We need to do a better job of engaging with our Facebook followers, especially relating to technical support queries.

Twitter: 30,400 Followers
2018 Goal: We will be posting more blog posts and social media graphics as well as making more strategic outreach to key influencers

Reddit: 2,168 Users
2018 Goal: We only recently started using Reddit attentively in the later half of 2017 and the user acquisition trend and engagement has been very strong.

Telegram: We just launched the Telegram channel in mid December and already have 623 members.

Relating to Social Media:

I encourage you to start adding replies and comments when you see people asking for suggestions while researching coins to invest in. I recently answered a question on Quora “What is everyone’s favorite altcoin heading into 2018”. The answer has been viewed over 3,400 times and upvoted 43 times. I encourage you to give it a quick read especially if you want a quick summary of the primary benefits of this project.

Engagement Plans and Metric Goals for 2018

In 2017, many of you have contributed to this project immeasurable ways and we’re very thankful. In 2018, we are dedicated to giving you the support and resources so you can help us take this project to new heights. The reality is we’re still a diamond in the rough and it is going to take community involvement to help educate more people about this amazing technology.

Users

VeriCoin User Stats (Wallet Downloads)

According to website analytics (which we implemented on Feb 15, stats are on an uptrend. When we look at the number of VeriCoin Wallet and Verium Vault downloads, the numbers are impressive. Note: There was a reporting error in mid December for two weeks in which we lost traffic and conversion data

VeriCoin Downloads (from website) = 16,028
Verium Vault Downloads (from website)= 22,417

Downloads came from 198 different countries!. There are countries on this list that I had never even heard of. This just goes to show how decentralized and awesome this project really is. So whether you are from the United States, Russia, China, or even Timor-Leste, Dijbouti or Mayotte, we have the ability to all come together and create something very special that is going to change the world.

Google Search for both VeriCoin and Verium

It’s also important to look at the Google Search trends for both VeriCoin and Verium and you can easily see that more and more people are starting to discover this project. According to the chart above, both VeriCoin and Verium searches have consistently increased over time with both peaking in mid December.

Plans for 2018

User Dashboard

In the first week of January, we will be sharing a user dashboard on the website so that all members of our community can view these types of user stats. I think User metrics are more important than anything else as it demonstrates progression towards the end goal.

More Real World Meetups

VeriCoin Meetup in Bucharest, Romania

One of the things we tested in 2017 was a real world meetup in Bucuresti and we felt this event was successful. We had over 40 cryptocurrency and blockchain enthusiast attend and were introduced to VeriCoin and Verium. The response was great and there were requests from those in attendance to do it again. We have begun the planning for 3 new meetups in 2018. The planned locations so far are New Jersey, Prague and Italy. If you are interested in hosting your own meetup, please email [email protected]

Verium Mining Stats

Verium Mining Difficulty Chart

Verium Mining Difficulty Chart


Mining is one of the most critical aspects of this project and is vital towards the goal of implementing Binary Chain. Based on the chart above from https://chainz.cryptoid.info/vrm/#@diff we can see an increase of over 300%.

There were some major contributions from the community that made this happen including Birty’s “CPU Mining Guide”. This document which was originally published on Steem attracted solo miners from around the world.

We also have to acknowledge the members who created and manage Verium mining pools which make it easier for users to mine with laptops/PC’s/servers and Odroid clusters. If you have not yet started mining Verium, what are you waiting for? There are 6 mining pools you can join today:

If you need assistance, you can join the mining channel in our Slack https://slack.vericoin.info

Verium Mining Goals and Plans for 2018

In 2018 we plan to release a P2Pool (Decentralized Mining Pool) with easy one-click mining.

Development Highlights from 2017

  • Launch of New Temporary Website
  • Completion of VeriCoin Wallet 1.7
  • Completion of Verium Vault 1.1
  • VeriumMiner Optimization
  • Video Explanation Series
  • Added 4 New Developers to the team
  • Hired Designer and UI/UX
  • Added Full-time Project Manager
  • Added Full-time Marketing Manager
  • Successfully Launched 5 New Pools for Verium
  • Cointal Partnership (FIAT Gateway launching in 2018)

Development Plan/Goals for 2018

We do not believe in publishing specific development dates. The following goals are strictly quarterly estimates. There are many factors and variables involved with development. We believe in putting out a secure and tested product rather than pushing out code to meet a deadline.

  • In Progress – New Website Launch and new Branding/Design guidelines for VeriCoin and Verium
  • In Progress – Release of P2Pool for Verium and Launch of Mine Sharing(Exclusive for Verium)
  • In Progress – VeriCoin 2.0 and Verium 2.0 (Code base update to latest Bitcoin Core 0.15)
  • Not Started – Mobile Miner for Android and iOS(Later Date)
  • Not Started – Dual Mobile Wallets for VeriCoin and Verium on Android and iOS(Later Date)
  • Not Started – Gemini Wallet Beta Launch
  • Not Started – Binary Chain Activation

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