$ 0.553 2.01%
Verus Coin (VRSC) Rank 764
Verus Coin aims to be the world's most advanced technology, zero knowledge privacy-enabling blockchain, Verus Coin brings Sapling performance and zero knowledge features to an intelligent system with a completely unique, combined proof of stake/proof of work consensus algorithm that solves the nothing at stake problem. With this and its approach towards CPU mining and ASICs, Verus Coin may also be the most naturally decentralizing and attack resistant blockchain to exist. Over and above its leading privacy, interchain contracts, and security features, Verus Coin's next steps include automated provisioning of public blockchains as a service, using the same technology that Verus developers created and used to solve the nothing at stake problem. At that point, the first applications that will allow provisioning of chains on their behalf will be polls and elections. Verus introduces a new consensus algorithm called Proof of Power, a 50% PoW / 50% PoS algorithm, which solves theoretical weaknesses in other PoS systems, and is provably immune to 51% hash attacks, making Verus one of, if not the most, double-spend resistant public blockchain(s) running. With its groundbreaking consensus protocol, Verus also uses a unique hash algorithm, VerusHash, a quantum secure hash algorithm that is near-equally mineable on both CPUs and GPUs. The Verus Coin’s project vision includes automatically provisioned public blockchains as a service. Verus was a no-ICO, no-premine, 100% fairly launched community project.
| Mkt.Cap | $ 40.28 M | Volume 24H | 6,670.00VRSC |
| Market share | 0% | Total Supply | 83.54 MVRSC |
| Proof type | N/A | Open | $ 0.54 |
| Low | $ 0.51 | High | $ 0.59 |
Verus Coin VRSC: Price, News, Events, Charts, Exchanges
With a focus on design and GUI programming, Michael is responsible for the Verus Logo, significant white paper content, and mining and usability improvements in the Verus enhanced Agama. Michael is a University Student of CS with a passion for competitive swimming.
7 min read on ‘Why we should all be Interested in the Verus Coin’ by Randy Fish. 10 min read on Everything You Need to Know About the Upcoming Zcash Sapling Upgrade which Verus Coin will be the first to activate by John Westbrook. From the very beginning, all mining and staking rewards equal to or over 192 Verus were time locked for release and first use randomly over the next 25 months. From what I understand, even though GPUs will soon be able to mine Verus, the performance tests discussed in Discord suggest that CPUs will be effective for mining indefinitely, at least until ASICs are developed for VerusHash. With blockchain voting, the information that registers on the blockchain shouldn’t include identifiable information.
Once on the main Web page, you will see the Download section that will lead you to the latest version of the Agama Wallet software compatible with your own system. The Verus developers say that they currently do not know of an algorithm that is truly ASIC resistant but their approach gives a fresh start to zk-SNARK privacy and is the most sensible method to dealing with the centralizing nature of ASICs today. Verus use their own hashing algorithm called VerusHash.
With provable 51% hash attack immunity, Verus' 50% proof of work/50% proof of stake consensus algorithm provides unprecedented blockchain security. Coinlore provides original cryptocurrency/coin prices calculated by own algorithm, and other metrics such as markets, volumes, historical prices, charts, coin market caps, blockchain info, API, widgets and more. We also gathering additional information from different sources to make sure we cover all important information or events. Unlike most PoW coins, Verus also has proof of stake, so all of the coins you mine can continue to stake and earn Verus by validating blocks.
This will prevent centralization by making ASICs easily and affordably available to anyone, not just one or two large companies and wealthy customers. Verus uses Proof of Work, Proof of Stake and the Komodo’s Delegated Proof of Work algorithm which keeps it secure and almost impossible for 51% attacks to occur. The wallet downloads and stores the block chain or asset chain of the coin you select. It downloads and stores the entire history of the coins transactions; depending on the speed of your computer and network connection, the synchronization process could take a day or more once the blockchain has reached a significant size. However, I want to introduce the most essential aspects of the Verus project as much as possible in this short review.
This important feature means that GPU mining no longer has a massive advantage, as CPU mining can be equally lucrative with the right setup or when simply using extra CPU from a computer that is already in use. This incentivizes more ordinary individuals to mine Verus Coin with their home computers, thus making the network stronger and more decentralized— leveling the playing field, so to speak. In addition, Komodo’s Lead Developer, James “jl777” Lee, is an adviser to the Verus Coin project. James has expressed great respect for the Verus team’s innovations.
Once you have downloaded the your wallet software, it is simply a case of starting the Agama Wallet (in the case of the GUI download) and then selecting the Verus coin, setting up a few options and get mining!. Generally, you will use this if you want to mine VRSC or setup a full node.
The only overlap is to make it so miners can search for proof-of-work for both networks simultaneously. Komodo ecosystem as we continue to grow, collaborate, and lead the world in blockchain integration. First, VerusHash, the innovative hash function the Verus team developed, will soon be available to all future projects building within the Komodo ecosystem. , as this new hashing algorithm is called, was designed such that CPU units and GPU units can coexist, both mining at speeds much more comparable to each other than any GPU-optimized hash algorithms before now. “Verus is a project that shows what really can be done when a strong project with a vision takes advantage of Komodo’s technology and ecosystem,” said Mike Toutonghi.
We’ve all heard stories of CPU-mineable coins that get blown away by secret GPU mining. Not only did we not have that in this case, it looks like we found out that CPU and GPU miners of Verus can now shake hands (credit for that statement goes to @bitopia, our new Verus Pool operator in the community). Verus Coin isn’t simply leveraging Komodo’s for its own benefit; it is actively developing remarkable new features and contributing them to the Komodo ecosystem at large.
VerusCoin - Privacy, Identity, Public Blockchains followed
By using zk-SNARKS, transaction information is completely encrypted using it’s unique proof of construction algorithm (zk-SNARK), on the Zcash blockchain. Many people may say that a blockchain such as Bitcoin is private, but it is not truly private. The transaction records are held on an immutable ledger that can be interrogated.
FPGAs can mine this coin, but don't outperform CPUs by much. VerusIDs provide plenty of opportunity for identity applications. Decades of experience delivering successful products including real time financial engines moving billions of dollars in international remittances. Dave taught Mike assembly language over 30 years ago and has ensured that Verus enhanced Agama can be used on all platforms.
With zk-SNARKS we get shielded transactions allowing transaction validation while keeping all inputs private. The VerusCoin project and protocol is experimental and a work-in-progress. We develop on dev and some other branches and produce releases of of the master branch, using pull requests to manage what goes into master. The dev branch is considered the bleeding edge codebase, and may even be oncompatible from time to time, while the master-branch is considered tested (unit tests, runtime tests, functionality). At no point of time do the Komodo Platform developers or Verus Developers take any responsibility for any damage out of the usage of this software.
I do understand that other projects are doing great things as well and it was not my aim to downplay that but rather to highlight what can come next and fill in the holes left from a first generation blockchain network. Verus Coin is a 50% proof of stake and 50% proof of work blockchain system working towards automated blockchain provisioning services provided by miners and stakers of Verus, the provisioning currency. This will enable Public Blockchains as a Service (PBaaS) that leverage Verus’ interchain smart contracts.
VerusCoin can be mined with CPUs, GPUs and FPGAs, solo and in pools. However, the algo is carefully designed for CPUs, and they still substantially outrange GPUs.
Verus Coin launched as a friendly fork of the Komodo platform, and as a community project with an ex-Microsoft Technical Fellow as development lead. The Verus Coin project has continuously improved and released state-of-the-art blockchain technology over its first year. Verus Coin PBaaS is currently testing publicly on testnet, providing a functional decentralized ecosystem of dynamic blockchains with cross chain interoperability. To achieve this, Verus Coin incorporates the following new developments.
- Thanks to this new feature CPU and GPU units can coexist.
- There is also a growing and active community which is of course the whole point of the Verus project.
- In this sense, the relationship is mutually beneficial and both projects are stronger as a result.
- Verus Coin has a maximum supply of 84M VRSC and a circulating supply of 49.6M VRSC.
- This incentivizes more ordinary individuals to mine Verus Coin with their home computers, thus making the network stronger and more decentralized— leveling the playing field, so to speak.
Facts about the Verus Coin
With this and its approach towards CPU mining and ASICs, Verus Coin may also be the most naturally decentralizing and attack resistant blockchain to exist. Over and above its leading privacy, interchain contracts, and security features, Verus Coin's next steps include automated provisioning of public blockchains as a service, using the same technology that Verus developers created and used to solve the ""nothing at stake"" problem. At that point, the first applications that will allow provisioning of chains on their behalf will be polls and elections.
#2 Ben’s Pocket Guide to Verus Coin for Dummies And Smart People Too. ARM mining works in general, but although fairly efficient, without high hashrates.
View Verus Coin (VRSC) price history chart, statistics and other information. At the moment, new releases for download are coming out often which highlights the active and on-going support. There is also a growing and active community which is of course the whole point of the Verus project.
A look at privacy
By deciding to fork and build upon the KMD platform as an independent project in the Komodo ecosystem, Verus can leverage advances on Komodo Platform, such as dPoW and the Custom Consensus framework. At the same time, Verus also contributes its open-source technologies back to Komodo and other projects in the Komodo ecosystem more easily than to those without a common heritage.
Komodo Bundle
Unlike an internet protocol, a disconnected, recently synced blockchain is actually sufficient to authenticate any #VerusID, no internet connection required. In summary,Verus is planning to create a platform upon which to build voting and even election systems that support their vision of enabling a better society through blockchain. It is important to point out that Verus is a community project, so you wont find a CEO or co-founder anywhere, however there are currently five developers listed on the main Web page.
3) Blockchain infrastructure services - paid in Verus, provided by miners/stakers means you do not need to manage infrastructure to launch a public blockchain. The PBaaS network is a worldwide network of miners and stakers that can discover, launch according to your specifications, and help secure your chain in minutes. Cross chain interoperability can be extended to other blockchains outside of the Verus ecosystem as well. All PBaaS chains also get Sapling private transactions, programmable smart transactions, 51% hash attack protection, CPU-friendly FPGA equalizing hash algorithm, and benefits of other Verus, Komodo, and Zcash technologies.
Why is privacy and anonymity important?
GitHub is home to over 40 million developers working together to host and review code, manage projects, and build software together. Verus uses VerusHash, the fastest cryptographic hash algorithm in the world on x64 CPUs, equalizing GPUs and offering a credible ASIC solution. Verus has KMD’s dPoW, which makes the chain very secure and attack resistant. Also, Zcash’s zk-SNARK that adds privacy layer to the whole project. Why we should all be Interested in the Verus Coin Verus is the name of a decentralized digital currency coin which I have recently discovered.
Michael J. Toutonghi, the Founder and Lead Developer of Verus Coin, has over thirty years of experience in the tech world. As a former Vice President and Technical Fellow at Microsoft, and as the recognized founder and architect of Microsoft's .Net platform, Mr. Toutonghi has an established record of major accomplishments. Verus Coin is a decentralized cryptocurrency thats ranked #364 by market cap. Verus Coin has a maximum supply of 84M VRSC and a circulating supply of 49.6M VRSC. VRSC is down by -1.47% in the last 24 hours with a volume of $71.54.
The Verus coin was launched mid May 2018, is a hybrid Proof of Work (PoW) and Proof of Stake (PoS) fork of the Komodo coin. Verus uses zk-SNARKS, which is a type of cryptography used on the Zcash blockchain. In case you are wondering, zk-SNARK stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.
Verus introduces a new consensus algorithm called Proof of Power, a 50% PoW / 50% PoS algorithm, which solves theoretical weaknesses in other PoS systems, and is provably immune to 51% hash attacks, making Verus one of, if not the most, double-spend resistant public blockchain(s) running. With its groundbreaking consensus protocol, Verus also uses a unique hash algorithm, VerusHash, a quantum secure hash algorithm that is near-equally mineable on both CPUs and GPUs. The Verus Coin’s project vision includes automatically provisioned public blockchains as a service. Verus was a no-ICO, no-premine, 100% fairly launched community project. Verus Coin aims to be the world's most advanced technology, zero knowledge privacy-enabling blockchain, Verus Coin brings Sapling performance and zero knowledge features to an intelligent system with a completely unique, combined proof of stake/proof of work consensus algorithm that solves the nothing at stake problem.
