What Veriblock's architecture says about Bitcoin's long-term incentives

Chris Dannen

By Chris Dannen


By anchoring its own blockchain state in Bitcoin blocks, the Veriblock protocol hopes to create a secure asset-issuance framework, similar to Counterparty or Omni. While not original in concept, Veriblock's implementation (called Proof-of-proof) has the community wondering if this approach could someday be the basis for a fee-based market for blockchain space. Some Bitcoiners think such a market will be needed to keep miners interested after Bitcoin's coinbase reward goes to zero.

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