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A look at VeriBlock’s relationship with Bitcoin

Steven Zheng
As one of the most secure blockchain networks, Bitcoin’s block space is highly valued by its users. Because of its security, Bitcoin has inadvertently fallen into a role as a data repository for businesses attempting to leverage its OP_RETURN script.The post A look at VeriBlock's relationship with Bitcoin appeared first on The Block.

As one of the most secure blockchain networks, Bitcoin’s block space is highly valued by its users. Because of its security, Bitcoin has inadvertently fallen into a role as a data repository for businesses attempting to leverage its OP_RETURN script.

One such business is VeriBlock, a recently launched network leveraging OP_RETURN and Bitcoin’s blockchain to secure alternative blockchain networks, inheriting Bitcoin’s security in the process.

VeriBlock’s usage of OP_RETURN has faced some criticism in the past, with some airing concerns that VeriBlock is essentially spamming transactions into the Bitcoin network.

VeriBlock started testing its Proof-of-Proof mining on the Bitcoin mainnet in September 2018.

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