v1.2.6

Announcing Verus v1.2.6 - CRITICAL UPDATE WITH MITIGATION OF BANNING BEHAVIOR SEEN IN 10 SECOND PBaaS CHAIN STRESS TEST ON TESTNET

MINERS, STAKERS, AND INFRASTRUCTURE NODE OPERATORS SHOULD UPDATE NODES TO v1.2.6 OR GREATER FOR VERUS TO PREPARE FOR DEFINITION OF FASTER PBaaS CHAINS ON MAINNET

V1.2.6 includes the following additional improvements and fixes:

• Fixes a potential exit fault on Windows during otherwise normal exits.
• Fixes multi-item/MMR storage, retrieval, and encryption/decryption of on-chain data
• Prevents false positive banning behavior during normal high TPS network conditions. This release will not be banned in the same cases where the prior version may.
• Supports ID@:private in more z-address RPC APIs
• Improved performance in GUI for large wallets

Please be sure to update as soon as possible.

General VerusId, Verus DeFI, and Public Blockchains as a Service (PBAAS) Capabilities

• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles
• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables identities to be locked, preventing any funds under their control from being spent while locked, but still allowing seamless staking of funds. When locked, a user specifies an unlock delay, typically long enough to notice when someone who might have compromised a user’s keys would have to unlock the ID before spending. The only way to circumvent the unlock delay is to revoke and recover an ID. Users may also choose to create and use fresh private keys when unlocking an ID as well. This enables virtually theft proof workflow and a solution to inheritance, trusts, vesting schedules, the 5$ wrench attack, and identity theft. IDs may be used as friendly name cryptocurrency addresses for all currencies on all Verus PBaaS blockchains in the Verus network. The VerusID protocol is a protocol, which can also be implemented on non-Verus systems.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming

• Enables any user with an ID to create their own token currency or even full fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it. All PBaaS chains run from the same daemon, and projects may choose to join the worldwide Verus community in improving the daemon. In doing so, they will start with a complete, multi-currency, ID-capable blockchain with DeFi capabilities that is merge-mineable and stakeable with other blockchains in the Verus network.

Consensus integrated DeFi liquidity pools and fractional currency baskets

• Any ID owner may define Verus DeFi fractional basket currencies with one or more asset currencies backing the liquidity pool at a fractional percentage ranging from 5% to 100% backing. The Verus DeFi protocol ensures that all currency conversions that use a particular liquidity pool and are mined into one block are solved and priced simultaneously, addressing the problems of miner extracted value (MEV) and front-running, while providing fee-based DeFi integrated incentives to miners and stakers, ensuring smooth consensus operation and fee conversion capabilities by integrating DeFi liquidity pools directly into the consensus and cross-chain bridge protocols.

Simultaneous blockchain and blockchain liquidity pool launches

• Launch of a world class, worldwide, merge-mineable blockchain along with a fully decentralized or centralized “bridge” converter liquidity pool as part of defining a new blockchain. Bridge converter currencies have the same flexibility as other fractional 100% asset backed or partially asset backed currencies, but is bound to the launch of the new blockchain, runs on the new blockchain, and all fees generated via cross chain fee conversions or general use of the liquidity pool are earned on the new blockchain with no rent going back to the Verus blockchain, only seamless connectivity.

Blockchain-based, crowdfunding currency launches with minimum participation or automatic refunds, including for dual launches (blockchain and bridge)

• Set required minimum levels of worldwide participation in your preferred currencies on chain. If by the start time of your blockchain, minimums are not met, all participants will automatically get a refund of all of their pre-conversions, less the network fees. The launch options also provide for maximum participation in one or more currencies, pre-launch discounts, price neutral pre-allocations to select IDs that increase the fractional reserve ratio to issue currencies, similarly price neutral carve-outs of proceeds, and pre-launch discounts for early participants. Using VerusIDs, launches can also include vesting schedules in the pre-allocations as well.

An interoperable, multichain network for new use cases and unlimited scale**

• The Verus multi-currency, multi-chain network allows the creation of an unlimited number of interoperable blockchains in the Verus network. Notary IDs, specified at chain definition, provide decentralized blockchain-specific bridge confirmation, enabling public blockchains available ...

v1.2.6-testnet

Verus Desktop v1.2.6 with builds testnet-only pbaas support. The testnet version of Verus Desktop uses different settings and profiles and can be run alongside the mainnet version. See v1.2.6

Disclaimer

This is experimental and unfinished software. Use at your own risk! No warranty for any kind of damage!
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:

The enclosed copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

MacOS: https://www.virustotal.com/gui/file/e98fba765ef402601251cf42c52fc60e797755225b3c0446f4e2cbd3e9053cd2/detection
Linux-x86-64: https://www.virustotal.com/gui/file/650013d365008d30631f021f2f804168f7938a6d7e64065c6cd6e1f433e8d50c/detection
Linux-ARM64: https://www.virustotal.com/gui/file/a6bec31123a109c2079fcb4741be19f175cc665d5386989bac692cfae7cbf94c/detection
Windows: https://www.virustotal.com/gui/file/f35a014379f23515f0418b7679fc0a7bbb8c21da7b6ae4131d5fa2c2e573faec/detection

Avast and Kaspersky may flag the software as "not-a-virus" or "PUP". These are warnings that you are installing mining software, which may be installed by a third party to exploit your PC.
To find out more about the false positives, review the following resources:
https://blog.malwarebytes.com/detections/pup-optional-bitcoinminer/
https://www.kaspersky.com/blog/not-a-virus/18015/

Verifying Downloads

A txt file containing the signer, standard sha256 file checksum, and signature, is included for each download. These packages have been signed with the identity "Verus Coin Foundation Releases@".

1. Extract downloaded archive
2. Verify signature for the extracted app or installer using the extracted textfile.

v1.2.5-4-testnet

Verus Desktop v1.2.5-4 with builds testnet-only pbaas support. The testnet version of Verus Desktop uses different settings and profiles and can be run alongside the mainnet version. See v1.2.5-3

Disclaimer

This is experimental and unfinished software. Use at your own risk! No warranty for any kind of damage!
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:

The enclosed copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

MacOS: https://www.virustotal.com/gui/file/bdabe60bec35dd6d9ee080bf974bc39f76a154c331b4f20ceb13dd1d25267c75/detection
Linux-x86-64: https://www.virustotal.com/gui/file/11fd672c7962fc7cc37e6e845572fc8933d6cd965ce90e3922045c54c0d2f180/detection
Linux-ARM64: https://www.virustotal.com/gui/file/a3656f747cb6639c542d1936b09847ecffaa38470d206b5c1df19f5187a2cf9f/detection
Windows: https://www.virustotal.com/gui/file/7d47d2f0dfa3f4dd8ec1986bb29a3bdb013af5c74f38939b205e608a3df16cd8/detection

Avast and Kaspersky may flag the software as "not-a-virus" or "PUP". These are warnings that you are installing mining software, which may be installed by a third party to exploit your PC.
To find out more about the false positives, review the following resources:
https://blog.malwarebytes.com/detections/pup-optional-bitcoinminer/
https://www.kaspersky.com/blog/not-a-virus/18015/

Verifying Downloads

A txt file containing the signer, standard sha256 file checksum, and signature, is included for each download. These packages have been signed with the identity "Verus Coin Foundation Releases@".

1. Extract downloaded archive
2. Verify signature for the extracted app or installer using the extracted textfile.

v1.2.5-3

Announcing Verus v1.2.5-3 - MANDATORY UPDATE (2 WEEK NOTICE) WITH PROTOCOL UPGRADE SCHEDULED FOR NOVEMBER 24TH, 6PM UTC ON ALL MAINNET PBaaS CHAINS AND NOVEMBER 12TH, 1:00 AM UTC FOR TESTNET

UPDATE YOUR NODES TO v1.2.5-3 OR GREATER FOR VERUS AND ALL PBaaS CHAINS BEFORE NOVEMBER 24TH, 6PM UTC TO PREVENT THE POSSIBILITY OF YOUR NODE FALLING OUT OF SYNC WITH THE MAIN CHAIN

v1.2.5-3 Addresses an issue discovered by community member Forked that prevents some currencies that are in a blockchain definition from being sent off of PBaaS chains, although they can be sent to them from VRSC. For example, although vETH is part of the vARRR chain definition and can be sent to vARRR, if you do send vETH to vARRR right now, you will need to wait until this update activates to send it back to VRSC. Needless to say, we do not recommend that you do send vETH to vARRR, and we do not see this happening to any significant degree, but to avoid any unreasonable delay in people being able to move their own funds across chains, we have opted to schedule this update for 2 weeks from now, which is a time when core people will be available, rather than wait until January of next year.

v1.2.5-3 Verus Desktop in native mode also includes new support for the updated application login protocol with VerusID on desktop using deep links. We expect this will be useful for developers as well as those who prefer to login to Verus apps with their native desktop rather than mobile phones.

Please be sure to update as soon as possible.

General VerusId, Verus DeFI, and Public Blockchains as a Service (PBAAS) Capabilities

• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles
• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables identities to be locked, preventing any funds under their control from being spent while locked, but still allowing seamless staking of funds. When locked, a user specifies an unlock delay, typically long enough to notice when someone who might have compromised a user’s keys would have to unlock the ID before spending. The only way to circumvent the unlock delay is to revoke and recover an ID. Users may also choose to create and use fresh private keys when unlocking an ID as well. This enables virtually theft proof workflow and a solution to inheritance, trusts, vesting schedules, the 5$ wrench attack, and identity theft. IDs may be used as friendly name cryptocurrency addresses for all currencies on all Verus PBaaS blockchains in the Verus network. The VerusID protocol is a protocol, which can also be implemented on non-Verus systems.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming

• Enables any user with an ID to create their own token currency or even full fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it. All PBaaS chains run from the same daemon, and projects may choose to join the worldwide Verus community in improving the daemon. In doing so, they will start with a complete, multi-currency, ID-capable blockchain with DeFi capabilities that is merge-mineable and stakeable with other blockchains in the Verus network.

Consensus integrated DeFi liquidity pools and fractional currency baskets

• Any ID owner may define Verus DeFi fractional basket currencies with one or more asset currencies backing the liquidity pool at a fractional percentage ranging from 5% to 100% backing. The Verus DeFi protocol ensures that all currency conversions that use a particular liquidity pool and are mined into one block are solved and priced simultaneously, addressing the problems of miner extracted value (MEV) and front-running, while providing fee-based DeFi integrated incentives to miners and stakers, ensuring smooth consensus operation and fee conversion capabilities by integrating DeFi liquidity pools directly into the consensus and cross-chain bridge protocols.

Simultaneous blockchain and blockchain liquidity pool launches

• Launch of a world class, worldwide, merge-mineable blockchain along with a fully decentralized or centralized “bridge” converter liquidity pool as part of defining a new blockchain. Bridge converter currencies have the same flexibility as other fractional 100% asset backed or partially asset backed currencies, but is bound to the launch of the new blockchain, runs on the new blockchain, and all fees generated via cross chain fee conversions or general use of the liquidity pool are earned on the new blockchain with no rent going back to the Verus blockchain, only seamless connectivity.

Blockchain-based, crowdfunding currency launches with minimum participation or automatic refunds, including for dual launches (blockchain and bridge)

• Set required minimum levels of worldwide participation in your preferred currencies on chain. If by the start time of your blockchain, minimums are not met, all participants will automatically get a refund of all of their pre-conversions, less the network fees. The launch options also provide for maximum participation in one or more currencies...

v1.2.5-3-testnet

Verus Desktop v1.2.5-3 with builds testnet-only pbaas support. The testnet version of Verus Desktop uses different settings and profiles and can be run alongside the mainnet version. See v1.2.5-3

Disclaimer

This is experimental and unfinished software. Use at your own risk! No warranty for any kind of damage!
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:

The enclosed copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

MacOS: https://www.virustotal.com/gui/file/c27cb70c2b625521dcbc485945e52aa5cbc86f308b2b40a1ce29ab9e50dd0c82/detection
Linux-x86-64: https://www.virustotal.com/gui/file/af55781dc244ede528e4679119cf48656a0a73d0b9c84e94788ad484392f0677/detection
Linux-ARM64: https://www.virustotal.com/gui/file/74eafbc7f392549855e67f2e8ed9338e608ed1dfecd19cf936e7386ad6077e4b/detection
Windows: https://www.virustotal.com/gui/file/05a942664a083e0fa959a31f4fe58f11b18ff281149ad916edf41bb7cf618fe5/detection

Avast and Kaspersky may flag the software as "not-a-virus" or "PUP". These are warnings that you are installing mining software, which may be installed by a third party to exploit your PC.
To find out more about the false positives, review the following resources:
https://blog.malwarebytes.com/detections/pup-optional-bitcoinminer/
https://www.kaspersky.com/blog/not-a-virus/18015/

Verifying Downloads

A txt file containing the signer, standard sha256 file checksum, and signature, is included for each download. These packages have been signed with the identity "Verus Coin Foundation Releases@".

1. Extract downloaded archive
2. Verify signature for the extracted app or installer using the extracted textfile.

v1.2.5-2

Announcing Verus v1.2.5-2 - CRITICAL UPDATE FOR MINERS AND STAKERS THAT ALSO INCLUDES THE PENDING PROTOCOL CHANGE, SCHEDULED FOR NOVEMBER 7TH, 6PM UTC ON MAINNET

UPDATE YOUR NODES TO v1.2.5-1 OR GREATER FOR VERUS AND ALL PBaaS CHAINS BEFORE NOVEMBER 7TH, 6PM UTC TO PREVENT THE POSSIBILITY OF YOUR NODE FALLING OUT OF SYNC WITH THE MAIN CHAIN

v1.2.5-2 includes a number of minor fixes of data functionality, some improvements with the TLS connection support that has been ported from Pirate, and hardening against a minor vulnerability discovered during a code review, which has never occurred on any part of the network, would require very specific, likely non-existent conditions, and which will be protected against on the network when the majority of miners and stakers upgrade to v1.2.5-2.

Please update as soon as possible, especially if you are mining or staking on Verus or any PBaaS chains.

General VerusId, Verus DeFI, and Public Blockchains as a Service (PBAAS) Capabilities

• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles
• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables identities to be locked, preventing any funds under their control from being spent while locked, but still allowing seamless staking of funds. When locked, a user specifies an unlock delay, typically long enough to notice when someone who might have compromised a user’s keys would have to unlock the ID before spending. The only way to circumvent the unlock delay is to revoke and recover an ID. Users may also choose to create and use fresh private keys when unlocking an ID as well. This enables virtually theft proof workflow and a solution to inheritance, trusts, vesting schedules, the 5$ wrench attack, and identity theft. IDs may be used as friendly name cryptocurrency addresses for all currencies on all Verus PBaaS blockchains in the Verus network. The VerusID protocol is a protocol, which can also be implemented on non-Verus systems.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming

• Enables any user with an ID to create their own token currency or even full fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it. All PBaaS chains run from the same daemon, and projects may choose to join the worldwide Verus community in improving the daemon. In doing so, they will start with a complete, multi-currency, ID-capable blockchain with DeFi capabilities that is merge-mineable and stakeable with other blockchains in the Verus network.

Consensus integrated DeFi liquidity pools and fractional currency baskets

• Any ID owner may define Verus DeFi fractional basket currencies with one or more asset currencies backing the liquidity pool at a fractional percentage ranging from 5% to 100% backing. The Verus DeFi protocol ensures that all currency conversions that use a particular liquidity pool and are mined into one block are solved and priced simultaneously, addressing the problems of miner extracted value (MEV) and front-running, while providing fee-based DeFi integrated incentives to miners and stakers, ensuring smooth consensus operation and fee conversion capabilities by integrating DeFi liquidity pools directly into the consensus and cross-chain bridge protocols.

Simultaneous blockchain and blockchain liquidity pool launches

• Launch of a world class, worldwide, merge-mineable blockchain along with a fully decentralized or centralized “bridge” converter liquidity pool as part of defining a new blockchain. Bridge converter currencies have the same flexibility as other fractional 100% asset backed or partially asset backed currencies, but is bound to the launch of the new blockchain, runs on the new blockchain, and all fees generated via cross chain fee conversions or general use of the liquidity pool are earned on the new blockchain with no rent going back to the Verus blockchain, only seamless connectivity.

Blockchain-based, crowdfunding currency launches with minimum participation or automatic refunds, including for dual launches (blockchain and bridge)

• Set required minimum levels of worldwide participation in your preferred currencies on chain. If by the start time of your blockchain, minimums are not met, all participants will automatically get a refund of all of their pre-conversions, less the network fees. The launch options also provide for maximum participation in one or more currencies, pre-launch discounts, price neutral pre-allocations to select IDs that increase the fractional reserve ratio to issue currencies, similarly price neutral carve-outs of proceeds, and pre-launch discounts for early participants. Using VerusIDs, launches can also include vesting schedules in the pre-allocations as well.

An interoperable, multichain network for new use cases and unlimited scale**

• The Verus multi-currency, multi-chain network allows the creation of an unlimited number of interoperable blockchains in the Verus network. Notary IDs, specified at chain definition, provide decentralized blockcha...

v1.2.5-2-testnet

Verus Desktop v1.2.5-2 with builds testnet-only pbaas support. The testnet version of Verus Desktop uses different settings and profiles and can be run alongside the mainnet version. See v1.2.5-2

Disclaimer

This is experimental and unfinished software. Use at your own risk! No warranty for any kind of damage!
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:

The enclosed copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

MacOS: https://www.virustotal.com/gui/file/2e0ec5fe35d1bb12da31a2ce49cdde51f4a83cc70c666117a7b0439f8c250cc9/detection
Linux-x86-64: https://www.virustotal.com/gui/file/08e2655586832f8bb3664288eb274f19735b8158420b4522b2d072f6e268379d/detection
Linux-ARM64: https://www.virustotal.com/gui/file/f4d5b31b2f6bb54b00314693f1f845ba5c03574544be4602c388bd61d9504232/detection
Windows: https://www.virustotal.com/gui/file/316600d39df20a4fdbc908fa283bf1dea9086c4be7c8d85e16cc87a461c4fb5f/detection

Avast and Kaspersky may flag the software as "not-a-virus" or "PUP". These are warnings that you are installing mining software, which may be installed by a third party to exploit your PC.
To find out more about the false positives, review the following resources:
https://blog.malwarebytes.com/detections/pup-optional-bitcoinminer/
https://www.kaspersky.com/blog/not-a-virus/18015/

Verifying Downloads

A txt file containing the signer, standard sha256 file checksum, and signature, is included for each download. These packages have been signed with the identity "Verus Coin Foundation Releases@".

1. Extract downloaded archive
2. Verify signature for the extracted app or installer using the extracted textfile.

v1.2.5-1

Announcing Verus v1.2.5-1 - MANDATORY UPDATE INCLUDING PROTOCOL CHANGE, SCHEDULED FOR NOVEMBER 7TH, 6PM UTC ON MAINNET AND IMMEDIATELY ON TESTNET

UPDATE YOUR NODES TO v1.2.5-1 OR GREATER FOR VERUS AND ALL PBaaS CHAINS BEFORE NOVEMBER 7TH, 6PM UTC TO PREVENT THE POSSIBILITY OF YOUR NODE FALLING OUT OF SYNC WITH THE MAIN CHAIN

v1.2.5-1 includes a fix to address minor basket disruptions caused by an attacker, who has been attempting to game conversions by creating small conversions at rounding boundaries, resulting in them losing fees and having no success. Until v1.2.5-1 activates, we can use auto-arbitrage, as we did this time, to clear any disruptions, should there be any.

After November 7th at 6PM UTC when the protocol changes activate, including the basket disruption fix and the identity referral change that was previously scheduled for January 15th, all protocol changes will be active in the protocol.

Please update as soon as possible.

General VerusId, Verus DeFI, and Public Blockchains as a Service (PBAAS) Capabilities

• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles
• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables identities to be locked, preventing any funds under their control from being spent while locked, but still allowing seamless staking of funds. When locked, a user specifies an unlock delay, typically long enough to notice when someone who might have compromised a user’s keys would have to unlock the ID before spending. The only way to circumvent the unlock delay is to revoke and recover an ID. Users may also choose to create and use fresh private keys when unlocking an ID as well. This enables virtually theft proof workflow and a solution to inheritance, trusts, vesting schedules, the 5$ wrench attack, and identity theft. IDs may be used as friendly name cryptocurrency addresses for all currencies on all Verus PBaaS blockchains in the Verus network. The VerusID protocol is a protocol, which can also be implemented on non-Verus systems.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming

• Enables any user with an ID to create their own token currency or even full fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it. All PBaaS chains run from the same daemon, and projects may choose to join the worldwide Verus community in improving the daemon. In doing so, they will start with a complete, multi-currency, ID-capable blockchain with DeFi capabilities that is merge-mineable and stakeable with other blockchains in the Verus network.

Consensus integrated DeFi liquidity pools and fractional currency baskets

• Any ID owner may define Verus DeFi fractional basket currencies with one or more asset currencies backing the liquidity pool at a fractional percentage ranging from 5% to 100% backing. The Verus DeFi protocol ensures that all currency conversions that use a particular liquidity pool and are mined into one block are solved and priced simultaneously, addressing the problems of miner extracted value (MEV) and front-running, while providing fee-based DeFi integrated incentives to miners and stakers, ensuring smooth consensus operation and fee conversion capabilities by integrating DeFi liquidity pools directly into the consensus and cross-chain bridge protocols.

Simultaneous blockchain and blockchain liquidity pool launches

• Launch of a world class, worldwide, merge-mineable blockchain along with a fully decentralized or centralized “bridge” converter liquidity pool as part of defining a new blockchain. Bridge converter currencies have the same flexibility as other fractional 100% asset backed or partially asset backed currencies, but is bound to the launch of the new blockchain, runs on the new blockchain, and all fees generated via cross chain fee conversions or general use of the liquidity pool are earned on the new blockchain with no rent going back to the Verus blockchain, only seamless connectivity.

Blockchain-based, crowdfunding currency launches with minimum participation or automatic refunds, including for dual launches (blockchain and bridge)

• Set required minimum levels of worldwide participation in your preferred currencies on chain. If by the start time of your blockchain, minimums are not met, all participants will automatically get a refund of all of their pre-conversions, less the network fees. The launch options also provide for maximum participation in one or more currencies, pre-launch discounts, price neutral pre-allocations to select IDs that increase the fractional reserve ratio to issue currencies, similarly price neutral carve-outs of proceeds, and pre-launch discounts for early participants. Using VerusIDs, launches can also include vesting schedules in the pre-allocations as well.

An interoperable, multichain network for new use cases and unlimited scale**

• The Verus multi-currency, multi-chain network allows the creation of an unlimited number of interoperable blockchains in the Verus network. Notary IDs, speci...

v1.2.5-1-testnet

Verus Desktop v1.2.5-1 with builds testnet-only pbaas support. The testnet version of Verus Desktop uses different settings and profiles and can be run alongside the mainnet version. See v1.2.5-1

Disclaimer

This is experimental and unfinished software. Use at your own risk! No warranty for any kind of damage!
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:

The enclosed copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

MacOS: https://www.virustotal.com/gui/file/b5fddd93b92510f9abfddc4b5c8028891897342094215b2f8e6307f3da575c19/detection
Linux-x86-64: https://www.virustotal.com/gui/file/76d692e45fc632e48cd4915a3619c487450b5ee9140863098f122ea8677170c8/detection
Linux-ARM64: https://www.virustotal.com/gui/file/256fc804db460de4bfbfb9c75a02dd97eb53514c98ee6fcbb759d7d497ac6cb6/detection
Windows: https://www.virustotal.com/gui/file/3ebe165ef46a0c3f1fdd0694aecf22d60a09fcf4585f338ae54d3efb1ea5ec3d/detection

Avast and Kaspersky may flag the software as "not-a-virus" or "PUP". These are warnings that you are installing mining software, which may be installed by a third party to exploit your PC.
To find out more about the false positives, review the following resources:
https://blog.malwarebytes.com/detections/pup-optional-bitcoinminer/
https://www.kaspersky.com/blog/not-a-virus/18015/

Verifying Downloads

A txt file containing the signer, standard sha256 file checksum, and signature, is included for each download. These packages have been signed with the identity "Verus Coin Foundation Releases@".

1. Extract downloaded archive
2. Verify signature for the extracted app or installer using the extracted textfile.

v1.2.5

Announcing Verus v1.2.5 - CRITICAL UPDATE FOR BRIDGEKEEPER OPERATORS AND FIRST UPDATE INCLUDING PROTOCOL CHANGE, SCHEDULED FOR JANUARY 15TH, 8PM UTC, (OCTOBER 29TH, 7PM UTC FOR TESTNET) ADDRESSING ONE KNOWN PROTOCOL ERRATA

UPDATE YOUR NODES TO v1.2.5 OR GREATER FOR VERUS AND ALL PBaaS CHAINS BEFORE JANUARY 15TH, 8PM UTC TO PREVENT THE POSSIBILITY OF YOUR NODE FALLING OUT OF SYNC WITH THE MAIN CHAIN OR DELAYS ON CROSS-CHAIN NOTARIZATION FOR PBaaS CHAINS

IF YOU RUN BRIDGEKEEPER, WE RECOMMEND THAT YOU UPGRADE AS SOON AS POSSIBLE, AS v1.2.5 INCLUDES RESILIENCE TO A CHANGE EXPECTED BY ETHEREUM RPC PROVIDERS. UPGRADING NOW WILL HELP ENSURE ROBUST OPERATION OF THE ETHEREUM BRIDGE IF / WHEN SUCH A CHANGE HAPPENS

v1.2.5 includes some minor API improvements, easier reporting of earnings from mining, staking, and conversions with listtransactions, and a protocol errata fix to address an inability to use secondary referral identities with currency ID registrars that specify exactly 1 ID referral level. This protocol change will take place as scheduled on January 15th (October 29th on testnet) for all PBaaS chains and will be present in all releases between now and then.

General VerusId, Verus DeFI, and Public Blockchains as a Service (PBAAS) Capabilities

• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles
• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables identities to be locked, preventing any funds under their control from being spent while locked, but still allowing seamless staking of funds. When locked, a user specifies an unlock delay, typically long enough to notice when someone who might have compromised a user’s keys would have to unlock the ID before spending. The only way to circumvent the unlock delay is to revoke and recover an ID. Users may also choose to create and use fresh private keys when unlocking an ID as well. This enables virtually theft proof workflow and a solution to inheritance, trusts, vesting schedules, the 5$ wrench attack, and identity theft. IDs may be used as friendly name cryptocurrency addresses for all currencies on all Verus PBaaS blockchains in the Verus network. The VerusID protocol is a protocol, which can also be implemented on non-Verus systems.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming

• Enables any user with an ID to create their own token currency or even full fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it. All PBaaS chains run from the same daemon, and projects may choose to join the worldwide Verus community in improving the daemon. In doing so, they will start with a complete, multi-currency, ID-capable blockchain with DeFi capabilities that is merge-mineable and stakeable with other blockchains in the Verus network.

Consensus integrated DeFi liquidity pools and fractional currency baskets

• Any ID owner may define Verus DeFi fractional basket currencies with one or more asset currencies backing the liquidity pool at a fractional percentage ranging from 5% to 100% backing. The Verus DeFi protocol ensures that all currency conversions that use a particular liquidity pool and are mined into one block are solved and priced simultaneously, addressing the problems of miner extracted value (MEV) and front-running, while providing fee-based DeFi integrated incentives to miners and stakers, ensuring smooth consensus operation and fee conversion capabilities by integrating DeFi liquidity pools directly into the consensus and cross-chain bridge protocols.

Simultaneous blockchain and blockchain liquidity pool launches

• Launch of a world class, worldwide, merge-mineable blockchain along with a fully decentralized or centralized “bridge” converter liquidity pool as part of defining a new blockchain. Bridge converter currencies have the same flexibility as other fractional 100% asset backed or partially asset backed currencies, but is bound to the launch of the new blockchain, runs on the new blockchain, and all fees generated via cross chain fee conversions or general use of the liquidity pool are earned on the new blockchain with no rent going back to the Verus blockchain, only seamless connectivity.

Blockchain-based, crowdfunding currency launches with minimum participation or automatic refunds, including for dual launches (blockchain and bridge)

• Set required minimum levels of worldwide participation in your preferred currencies on chain. If by the start time of your blockchain, minimums are not met, all participants will automatically get a refund of all of their pre-conversions, less the network fees. The launch options also provide for maximum participation in one or more currencies, pre-launch discounts, price neutral pre-allocations to select IDs that increase the fractional reserve ratio to issue currencies, similarly price neutral carve-outs of proceeds, and pre-launch discounts for early participants. Using VerusIDs, launches can also include vesting schedules in the pre-allocations as well.

An interoperable...