Market
VerusCoin
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One time
EUR
VRSC
≈
13.6366
VRSC
€50
€150
€500
Explore VRSC in Onchain
VRSC may be available for swapping via Onchain, our official decentralised product. Try it now.
Explore VRSC in Onchain
VRSC may be available for swapping via Onchain, our official decentralised product. Try it now.
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Whitepaper
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Market cap
€58.59M
Rank
#425
24H volume
€459
Circulating supply
79.89M VRSC
96% of total
All-time high
€6.15
-738.44%
All-time low
€0.09
87.42%
Total supply
83.54M VRSC
Max supply
83.54M VRSC
VRSC
€0.7333
-1.55%
Verus is much more than any single ordinary blockchain; more of an entire ecosystem of interconnected blockchains that all operate decentralized and at the protocol level. Verus introduces Verus PBaaS (Public Blockchains as a Service), a true publicly notarized blockchain as a service with an easy to use built in wallet UI, designed to make it so that now anyone can start their very own full-fledged cryptocurrency so long as it can be funded or supported by miners. Newly created chains are just as secure as Verus itself and have the ability to be merge mined (up to 22x at once!)
Benefiting both the user and the miners, self-strengthening the ecosystem and ensuring minimal fees (no room for middlemen to take a cut). Reserve backed currencies are also possible with fractional reserve capabilities and since interoperability is paramount, exchanging currencies in cross-chain transactions is as simple as sending coins from one wallet to a different coin’s wallet. Conversions are handled by a built in market maker that automatically determines price based on a predetermined curve and issues orders fairly to all buy/sells within a block, with zero spread and the added benefit of eliminating the well- established problem of front-running, just some amount of slippage based on the net buy/sell.. With reserve currencies, buyers can make buys without even needing sellers (and vice versa).
Amazingly, everything is done at the protocol level on a decentralized network, meaning Verus and it's associated chains can't be censored or stopped.
VerusIDs are true self-sovereign identities and aren't simply an ID system as much as a fully functional blockchain protocol. There is no business in the protocol, but plenty of opportunity for those who use what it can do for identity applications. Verus ID provides:
Quantum ready friendly crypto addresses on the worldwide Verus network -- VerusIDs can be used to receive and send funds, which are controlled by the single or multi-sig addresses specified in the identity itself. If these controlling addresses or the single or multi-sig properties are changed, which can be done by the controller of the identity, all future spends of UTXOs sent to that identity follow the updated spend conditions and are subject to the updated keys. Although Verus 0.6.0 does not include quantum resistant signatures for transactions, VerusIDs are themselves resistant to quantum attack with known algorithms, and we have already started to integrate a quantum secure signature scheme, which we expect to activate on mainnet early next year. When that is available, it will be possible to change an ID and have all of the funds sent to it made retroactively quantum resistant. Verus IDs can also be used to publish ID -> destination address mappings on other blockchains, but only the Verus ecosystem has the ability to revoke, recover, inherit, funds in existing UTXOs.
Fully decentralized -- anyone can create one and have complete, self sovereign control over it without permission to do so. All costs to create an ID go to miners, stakers, and ID referrers.
Revocable -- each ID includes a revocation authority, which defaults to the identity self, and which has the permission to revoke the identity, which creates a valid transaction that, once mined into a block, prevents the identity from being used to spend or sign until it is recovered, effectively freezing all of its funds, for example, in the case of key theft.
Recoverable -- each ID also includes a separate recovery authority, which also defaults to self, and which can recover the identity through redefining its primary state and the recovery state as well, though it cannot modify the revocation state, or vice versa, unless they are both controlled by the same underlying authority.
Private - Each ID contains a set of zero-knowledge private addresses, which can be used as messaging, financial, or voting endpoints, and each ID also contains a content map of key-value hashes, intended to be used alongside applications and various identity policies to provide everything from private yet selectively provable claims and attestations to selectively provable components of a strong passport, attested to with a quantum secure signature when that is available.
The Verus-Ethereum Bridge (fully operational since Oct 20, 2023) allows for the secure transfer and conversion of cryptocurrencies between Verus and Ethereum. It's trustless and non-custodial, meaning it doesn't require users to trust a third party with their funds, and no single entity has control over the assets being transferred.
The Bridge stands out because it avoids common security issues found in other cryptocurrency bridges by using the decentralized network of miners and stakers to verify and account for funds crossing the bridge.
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