What makes Verus $VRSC one of the most innovative projects in web3?
✅Fair launch+
No ICO, pre-mine, dev tax, or any insider allocations!
Instead, the founders donated millions of fairly mined and staked VRSC to support the project.
✅Verus Proof of Power
Verus is a PoW/PoS hybrid
Cost-efficient cell phone mining makes Verus accessible for everyone in the world. Verus enables mining & staking of up to 22 blockchains at once, making it one of the most efficient blockchain ecosystems. Verus takes the environment and sustainability seriously.
✅Verus is both L1 and L0
Verus is a cutting edge Layer1 blockchain with native zk-SNARK privacy, DeFi, and Identity protocols.
At the same time, Verus serves as foundation for a multichain network (Layer0) of unlimited scale.
On Verus, you can launch an unlimited number of independent, interoperable, and interconnected Layer1 #PBaaS chains. PBaaS chains inherit all Verus main chain features and receive shared security via merge-mining.
Each PBaaS chain can reach 75-800 TPS depending on blocktime. A network of thousands of PBaaS chains would support a bandwidth of 1 million+ TPS.
✅Verus PBaaS scale out vs. sharding
In PBaaS, all chains are fully independent, able to continue operating no matter what happens to other chains in the network.
PBaaS chains can communicate, you can use them for additional bandwidth and having thousands of chains in the network would provide more TPS than any other blockchain network can deliver right now.
At the same time, TPS would be spread across more independent chains that communicate, without the required complexity of a layer that binds multiple chains together into one system with shards.
✅Verus smart transactions vs. smart contracts
Dapps on Verus do not require smart contracts.
Anyone can now build dapps faster, cheaper and better by leveraging Verus smart transactions. With no programming, you can create new identities, currencies, liquidity pools, and blockchains on a multichain network of unlimited scale. Solve problems that other blockchains can't!
✅Verus is a privacy-enabled blockchain
Verus has world class privacy technology at its core via zk-SNARKs. Verus supports private transactions and enables additional forms of extreme privacy, e.g. selective private disclosure of identity attested information.
✅Verus is the first MEV-resistant blockchain
Unlike other blockchains, Verus prevents intra and inter-block #MEV (Maximal Extractable Value), and mitigates LVR (loss-versus-rebalancing). Verus solves all DeFi transactions for 1+ blocks simultaneously and enables arbitrage during the solution.
✅VerusID as self-sovereign identity protocol
Verus is the leading web3 platform for self-sovereign identity #ssi. VerusID is the first web3 protocol that enables ownership of friendly name identities.
Verus scales to the world; the protocol supports an unlimited number of identities. Your VerusID can hold Verus and Ethereum tokens/NFTs, is revocable & recoverable and supports time locks of up to 21 years.
Use VerusID to protect yourself against private key loss or theft. VerusID names are self-sovereign & permanent, meaning no one can force you to give up your self-issued identity.
The blockchain fee for registration goes to miners, stakers and ID referrers. VerusIDs can be inherited, used for service or device authentication, or even to prove anything from a passport to a vote. VerusID names can be of unlimited length and may include most unicode characters, including emojis.
✅VerusID for #RWA exchange and #AI
Payments and offers can use private zk-SNARK addresses for native currency, and legal contracts and rights can be bound to VerusIDs, making Verus the first decentralized network to offer private, middleman-free, on-chain commerce of all forms.
VerusIDs can be used for social networking, voting, oracles, publishing any information, various forms of provable attestations, ratings, and much more. With the scalability of Verus and VerusID content multimaps together, the Verus network can become the most powerful training tool for AIs.
✅Verus<>Ethereum interoperability
Verus is connected to Ethereum via non-custodial bridge. You can use Verus as decentralized erc20/721 launch platform and transfer value across both networks. The Verus<->Ethereum bridge AMM enables low-fee, MEV-resistant on-chain trading of VRSC, ETH, MKR, and DAI. We expect coin aggregators to display Verus AMM volume in the near future.
URGENT NOTICE: The Verus Discord seems to have been compromised by some malicious actors through a sophisticated hack. Please do not trust any announcements in the Verus Discord and notify the community. I am locked out of Discord at the moment.
2023 is the year of scalable and programmable UTXO platforms that will change web3 forever.
With #Kaspa and #Nexa, we have seen two powerful Layer-1 UTXO platforms emerge. While the Kaspa community is focussed on L1 performance and aims to establish Kaspa as means of digital payment, Nexa strives not only for scalability, but also UTXO programmability by enabling EVM-like smart-contracts & native token services.
Then you have #Verus, which is both a powerful L1 and L2. Just like Kaspa and Nexa, $VRSC was fairly launched with no ICO, pre-mine, or dev tax. Instead of pursuing a scale up approach via hardware, Verus PBaaS scales out.
Verus PBaaS enables the provisioning of an unlimited number of independent, interoperable and interconnected L1 blockchains, which inherit all Verus L1 features. Verus' scale out TPS is better than what other blockchains have today.
A single PBaaS chain can reach between 75 and 800 TPS depending on blocktime; a network of several thousand chains would have a total bandwidth of 1 million+ TPS. In general, there is no maximum TPS metric because such a thing does not exist on an open fractal network like Verus.
For years, Verus has been pioneering UTXO programmability. On Verus, dApps do not require smart contracts. Instead of smart contracts, Verus uses smart transactions which natively support an unlimited number of currencies/tokens and an unlimited number of blockchains for currency/token launches, simple sends, currency conversions (swaps), or cross-chain operations.
Verus smart transactions can change consensus rules, and enable more robust cross chain applications and protocols, while providing inherent scaling advantages over systems limited to one chain.
Many things that seem impossible on smart contract platforms, are feasible on Verus. Verus has unlimited scale, native tokens, native MEV-resistant AMMs, zk-SNARK privacy, the most advanced web3 identity protocol, and provable, non-custodial cross-chain bridges.
Verus is interoperable with Ethereum, and can be used as erc20 and erc721 launch platform. The bridge enables all currencies from Ethereum to be sent to Verus and vice versa.
The MEV-resistant Verus<->Ethereum bridge AMM was recently launched and has a current TVL of ~6.7MM. You can buy and sell Verus, Ethereum, Maker, DAI, and bridge.vETH.
Verus is the most disruptive project in web3.
Last year, Verus received the ‘Inspiration Award’ from Fidelity’s Investments Center for Applied Technology. Verus was selected as 1 of 7 finalists, chosen from hundreds of tech disruptors after Fidelity and Dogpatch had conducted a deep analysis.
Verus is MEV-resistant (Maximal Extractable Value), mitigates LVR (loss-versus-rebalancing), has low transaction fees ($0.0001), low swap/conversion fees (0.025%/0.05%), enables transparent and private transactions, and offers theft-resistant fund storage via VerusID.
Join Verus today and discover the future of web3!
Meanwhile almost 1.5% of $VRSC is in the #Verus-#Ethereum bridge.
On the other hand, larger transactions going over the bridge and less $VRSC that are staked increase staking APR to about 6% now. Different usecases are competing for more scarce $VRSC.
@ylecun This is what we have enabled, confidential (zk-SNARKs), verifiable, transparent, and permissionless, at geoscale. DM me, since I can't DM you, and give me 1/2 an hour. You won't be disappointed.
#PBaaS chains are not side chains. They MAY (not MUST) be merge mined / merge staked with up to 21 other chains, including Verus, but every chain is 100% independent, worldwide, rent-free, supported in FOSS wallets & pools, Verus and ETH connected, w/MEV-resistant DeFi & #VerusID
🎉 #PBaaS is now fully activated on Verus mainnet.
Any person or organization can now use the most revolutionary L0/1 cryptocurrency protocol to build businesses.
Launch connected blockchains, currencies, fractional and multi-reserve currencies without any coding needed!🤯 /1
5th anniversary of the Verus blockchain just starting, with Trivia, free commemorative, limited #VerusIDs for all🥳💙✌️
Head over to Discord and get the 5th anniversary role to be sure to get your VerusID later on after the PBaaS launch.
#LaunchPBaaS $VRSC
Loaded up on $VRSC | @VerusCoin
It's been built for the last 6 years by one of the founding team members of Microsoft.
PBAAS activation is coming this month ( May 21st ) #blockchain as service.
@bankless Verus or one or more #Verus#PBaaS chains. The ETH/VC centralized model of an app being made for one chain is ending, opening up all the use cases.