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Welcome to the first Verus $VRSC Q&A of 2024! Q: What is Verus? A: Verus is a fairly-launched Proof of Power Layer1 and Layer 0 protocol that comes w/ native zk-SNARK privacy, DeFi and identity features. Q: What does fair launch mean? A: Verus was launched without ICO, pre-mine and dev tax. Q: Can you please explain Proof of Power? A: Verus Proof of Power (VerusPoP) is a hybrid consensus algorithm. PoP combines Proof of Work (PoW) and Proof of Stake (PoS) to validate each block. Q: What are the advantages of Proof of Power over other consensus algorithms? A: Verus is 51% hash attack resistant. Verus’ staking algorithm solves the two major theoretical issues undermining other PoS systems, Nothing at Stake and Weak Subjectivity. Verus PoW enables merge-mining and serves as permissionless on- ramp/financial support for projects. Q: You are talking about native features. Could you please elaborate? A: Unlike smart contract L1s, Verus uses smart transaction technology implemented at consensus/protocol level. Verus smart transactions enable more robust cross-chain applications and protocols, while providing inherent scaling advantages over systems limited to one chain. Q: Why is Verus not pursuing the industry standard EVM? A: The Verus community is convinced that the current smart contract paradigm is a dead end. As daily crypto exploits show again and again, the web3 space needs a more secure foundation before it can run a safe multi-trillion dollar on-chain economy. Q: What solution does the Verus community propose? A: The Verus protocol includes a core primitive framework as foundation (identity, tokens, privacy, DeFi, cross-chain, Anti-MEV). Verus smart transactions are not hard coded. All of the functionality implemented by smart transactions is available in the RPC API and can be composed into dApps with languages like Python or Rust, and without low level blockchain programming. Experienced blockchain developers can code their own smart transactions and share them with other projects on the multichain network. Q: What problems does Verus solve that other blockchains are still struggling with? A: Verus has solved: a. the blockchain trilemma, b. MEV (Maximal Extractable Value), c. private key revocation & recovery, d. self-sovereign identity, e. provable x-chain communication, f. automatic x-chain fee conversions Q: How does Verus solve MEV? A: Verus is the first multicurrency L1 that solves all DeFi transactions for 1+ block(s) simultaneously and enables arbitrage during the solution. Verus protocol layer DeFi solves both intra and inter-block MEV and mitigates LVR (loss-versus-rebalancing). Q: How can Verus be a Layer1 and Layer0 at the same time? A: The Verus #PBaaS cross-chain protocol is part of the Verus L1 protocol. Verus PBaaS enables the provisioning of an unlimited number of independent, interoperable and interconnected L1 blockchains. PBaaS chains receive shared security via merge-mining and can be used as appchains. Q: How powerful are PBaaS chains compared to the Verus L1 chain? A: PBaaS chains are fully customizable and inherit all Verus features (privacy, DeFi, identity etc). A single PBaaS chain can reach 75 to 800 TPS depending on block time. Q: What is the Verus network's max TPS? A: Verus supports an unlimited number of PBaaS chains. Thus, a TPS cap does not exist. Q: Why should I use Verus? A: Verus is cheaper, better and more secure for users and developers. On Verus, there are no smart contract risks (token approvals etc), transactions are cheap ($0.0001), and VerusDeFi is MEV-resistant. You can protect yourself against key loss and theft. Developers can solely focus on their dApps without having to do low level blockchain coding. Q: Despite its technological advances, why have I never heard of Verus? A: As fairly launched crypto project, Verus does not have a marketing fund or VC insiders who are willing to spend tens of millions of $$$ on marketing campaigns. As there is essentially no actual real crypto journalism, word spreads rather slowly. Q: Verus liquidity is terrible on centralized exchanges. It is impossible to buy and sell large amounts of VRSC. Why is that? Do you have a solution in the works? A: Verus is the first crypto project that does not rely on exchanges anymore. The Verus<>Ethereum bridge AMM is the most liquid market to trade VRSC. With a TVL of ~$11MM, anyone in the world can buy and sell large amounts of VRSC. Q: What's planned for 2024? A: We are anticipating several PBaaS chain launches (Valu, vARRR, vDEX, Chips) and are going to attend Consensus2024 to let the world know about the Verus revolution.