v1.0.9-testnet

Verus Desktop v1.0.9 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 v1.0.9

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/a6a021e309b14f413abf543e8da4558061bd36f68a4813cc1b1c4eb983ef89e1/detection
Linux-x86-64: https://www.virustotal.com/gui/file/7ec16069f03f1c451cd7faf856626925d43a9867eb7bb98013b83622e6857017/detection
Linux-ARM64: https://www.virustotal.com/gui/file/3166bf9a63f5be68ec230d767ad92a38eb42dca59d85c5cf041ed4334ddda6db/detection
Windows: https://www.virustotal.com/gui/file/e7454d9f34b74913fa33e0b276b03ab4a9e34961ecb99006591cf988e22a1db2/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.
3. Run installer or place appimage in desired directory

v1.0.8

Announcing v1.0.8 - MANDATORY UPGRADE FOR MAINNET AND TESTNET

MAINNET UPGRADE REQUIRED BY BLOCK 2578653, EXPECTED THIS COMING TUESDAY, 17:00 UTC

TESTNET UPGRADE REQUIRED BY TESTNET BLOCK 69013, EXPECTED THIS SATURDAY, 17:00 UTC

Once we pass the blocks above, we will remove the DeFi oracle notification, and all PBaaS and DeFi functions, including currency and chain launches, will reactivate on mainnet with full function and some new capabilities described below. To ensure a smooth transition on testnet and a resulting testnet with only refunded or launched currencies, none in between, and no extra work to make that true, we have also pushed a testnet DeFi oracle notification that will be removed Saturday morning.

What’s New

Fixes: Two related issues around the time of the whales launch made it clear that we were not handling the maximum limits of currency launches properly and were allowing people to exceed those limits in their pre-launch participation, even though these features had been working in basic testing that did not push edge conditions. While it’s related to the fact that there are pre-launch and post-launch phases of a currency launch that may even happen on different chains, the way these limits were handled in the pre-1.0.8 protocol made it very difficult/impossible to cleanly handle all edge cases we were throwing at it, especially once we added the complexity of co-launching a bridge currency and PBaaS chain, and the pre-launch and post-launch being resolved on different chains. To ensure we have all of that covered, @Asherda and @alexenglish really stepped up with heroic levels of contribution to testing, release prep, and confirming every possible edge case we could construct, enabling us to have confidence that the new way of handling everything is complete, robust, and has as close to 100% test coverage on all launch cases as is reasonably possible. Of course, we will be happy to have lots of testing after the activation on testnet and lots of use on mainnet.

New feature: Pre-1.0.8, in addition to an unlimited number of multi-currency liquidity basket configurations, you could also launch decentralized or centralized tokens, crowdfunding style, and even allow people to pre-convert to native PBaaS currencies. For non-liquidity tokens, converted funds for tokens are sent to the ID of the token or chain, meaning that these types of tokens are well suited for complex payment resolution or can be used for non-financial things like forms of voting or tracking as well.

Prior to v1.0.8, the only currency that could be used for pre-launch in tokens of this kind was either Verus or the native currency of the PBaaS chain launching such a currency. In 1.0.8, up to 9 additional currencies can be used along with the native currency, each having its own minimum and maximum participation levels, whether the launch is on-chain or launching a chain. That means that you could launch a token or blockchain with independent conversion rates and currency options set for conversion from Verus, Ethereum, DAI, a branded currency, project currency, or any other currency available on the launching chain. For example, if a project that has a token, like an ERC20 wanted to migrate their entire network to an independent, fully functional PBaaS blockchain, they could enable holders of that token to use the protocol to participate in a 1:1 or 10:1 pre-launch for the native currency of the new blockchain. While every launch does need to accept the native currency of the blockchain launching it, min and max limits are supported on all currencies in the launch, enabling an unlimited number of new launch possibilities. After going through testing scenario upon testing scenario and every permutation we could come up with to throw at it, I’m convinced that this new capability is a powerful tool to round out our already quite complete protocol for the Internet of Value.

I am really looking forward to Tuesday and expect to start taking full advantage of Verus currencies from that point on. I also expect to help with a number of project chain launches after that as well.

We’re a community project building fully in the open, and while it would have been great to skip having these issues altogether, I am grateful and truly impressed with the pulling together over the past week as some of us have been putting all we’ve got into this release. I feel very good about v1.0.8 and the network’s state in general, both testnet and mainnet. Thank you all for helping us get here, now let’s all upgrade, remove the DeFi oracle, and get some mainnet projects truly underway!

Additional Verus Capabilities

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

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 r...

v1.0.8-testnet

Verus Desktop v1.0.8 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 v1.0.8

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/233fe164536ce7b3a78d065f6f0b65bd508a1cdff5f6975e8fd2a75e9970ece7/detection
Linux-x86-64: https://www.virustotal.com/gui/file/d768f510a8fa0ad784a8e5d36b22c3b46e79be95ea1ee178f2d48cfaaad5c252/detection
Linux-ARM64: https://www.virustotal.com/gui/file/3c34e29f5f02c77e5919800d6ea00cb710cce8174b884893d62a3f501ffd4aba/detection
Windows: https://www.virustotal.com/gui/file/03a6050b195a995fdf59a77e78bcbfcbf3008169b4fed8a875b6051ce7e17461/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.
3. Run installer or place appimage in desired directory

v1.0.7

Announcing v1.0.7 - UPGRADE HIGHLY RECOMMENDED FOR MAINNET, MANDATORY FOR CONTINUED TESTNET USE

ALL PBAAS AND DEFI FUNCTIONS HAVE NOW RESUMED ON MAINNET. PLEASE MAKE SURE YOU ARE RUNNING v1.0.6 OR LATER AT THIS TIME

TESTNET USERS SHOULD UPGRADE ASAP, AS USUAL. THERE WILL BE A FORKING CHANGE ON TESTNET THAT WILL ACTIVATE TO RE-ENABLE ZERO EMISSION PBAAS CHAIN CHALLENGES TOMORROW, AFTER 19:00 UTC

This release marks the completion and full resolution of the investigations that led to the PBaaS and DeFi pauses. As mentioned, all LP fees from exiting a DeFi basket’s primary currency will now be properly burned into those currencies before conversion operations take place.

Shortly before this announcement, all oracle notarizations that were suppressing DeFi, currency sub-ID registrations, and PBaaS chain launches were lifted from the network. That means all PBaaS functions are now live and fully operational!

Please note: Though the last mandatory upgrade was v1.0.6, and this is not technically a mandatory upgrade, it does address the known and understood issue only affecting zero reward PBaaS chains that can create issues with cross-chain challenges.

Until everyone is known to be on v1.0.7 or later, and we announce that such PBaaS configurations are well supported on the network, we recommend that no one launch a PBaaS chain that has zero block reward emissions. If you choose to do so anyhow, your chain should properly launch, but for about the next month, you may have issues with cross-chain function, unless you understand and plan appropriately. If launching a chain with zero emissions is important to you, and you seriously can’t wait, please discuss with someone in development or support to understand your options. We don’t believe that this is a critical early use case, so we actually don’t expect it to be an issue for anyone.

Our next step is the testnet rollout of the Ethereum bridge, and after a few days of that proving out in final testing and review, we will deploy it on mainnet as soon as we believe it is ready for permanent use. Once the Ethereum bridge is live on mainnet, if we do ever need a contract upgrade, we will announce and coordinate with network validators, as each Ethereum contract upgrade will be independently subject to Verus miner and staker approval.

Thanks everyone for upgrading as soon as you are able!

Additional Verus Capabilities

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

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...

v1.0.7-testnet

Verus Desktop v1.0.7 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 v1.0.7

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/8c446fcc7ad5ae26c9f65fe7aa89f947927bdd09e31671fbbf0c849c5fc8241c/detection
Linux-x86-64: https://www.virustotal.com/gui/file/3a607f40c880d0dd4e5b97a870bd82e4546088fc0ca58478a15475576397e4e0/detection
Linux-ARM64: https://www.virustotal.com/gui/file/603262062ecfbe5ab891e7834060ec77df114313ecde2582aefb0969f6155fe1/detection
Windows: https://www.virustotal.com/gui/file/d351eb8ff9ddc933b1955c95cfb8f2afcf7c25940ef8c6b3cb661f0b835dd4b1/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.
3. Run installer or place appimage in desired directory

v1.0.6

Announcing v1.0.6 - MANDATORY MAINNET UPGRADE WITH COMMUNITY AGREED DEADLINE ON TUESDAY, MAY 30th, 19:00 UTC

As everyone can see, there is a currency on the chain called RaceCondition, which someone has defined and is a 5% algorithmically controlled fractional reserve of Verus. While these currencies are tools, and there may be good reasons for 5% currency components or even 5% currencies in some applications, this was launched as a VERY low reserve (launched with 10 VRSC in reserves), high supply currency (100 million supply), and as volatile as the protocol allows at 5%.

The extreme nature of the currency and the fact that the person who launched it exited with their entire pre-launch amount when someone else joined resulted in a behavior different than what I would expect. Someone converted into the currency, which was clearly all in the hands of one individual. That individual then converted all of the currency they got at launch to VRSC, getting the highest price they could get for all of their currency and leaving the highly volatile, 5% fractionally backed currency with far fewer reserves relative to supply than it had before, basically an exit scam for a grand total of 4 VRSC.

The thing that made me take notice is that there seemed to be more reserves left and a higher price at the end of this operation than I’d expect in the currency, and that turned out to be because only in the case of a straight conversion from fractional to a reserve, not in any other case, the fractional currency fees that should have been burned into the basket were not being captured. Interestingly, in this case it resulted in a form of buffer at the extreme, where the person who entered RaceCondition for 5 VRSC after it was launched and subsequently had 4 of it taken on the exit from one person converting 100,000,000 of the supply ended up with more than they would have, had the math been properly distributing those fees. This was the totality of the issue we found, and though it may not seem that serious to require a pause of DeFi, these calculations are consensus, and we take any error that we find in them, fees or otherwise, quite seriously. This update will operate on the updated rules when the oracle notifications are removed and DeFi is reactivated.

The fix means that all fees, including the fractional fees on an exit from a liquidity basket are burned before conversions take place, which in this case, would enable the person who exited with 100MM RaceCondition to take 15 VRSC, instead of the 14 that they did. This is because the correct fee allocation results in a 15 SAT price, which means the person who remains holding the RaceCondition bag would have only some 100s of thousands of SATs left in reserves. On the other hand, anyone could come in and reinflate the 5% currency by converting to it. This event on the network had the effect of reducing the extreme difference between supply and reserves on RaceCondition, and it will operate as a normal 5% reserve currency should when DeFi reactivates.

The lesson here is that if you’re interested to learn about a basket currency, pay attention to the total reserve ratio, what currencies are in it, and see that there is enough liquidity of reserves and holder distribution for the basket to make sense. Of course baskets could be memes, but they also have real function. Make sure you take a look into how a basket works and that you have a reason before putting your hard mined, staked, won, or purchased Verus in.

We will need the network to upgrade to version 1.0.6 before we can re-enable DeFi and cross-chain functions, making the ETH bridge launch possible, as well as PBaaS launches and conversions.

We see that someone is launching a currency called “whales”, which looks like an ID registration currency that will enable registering IDs with 3 levels of referrals in a currency that simply collects registration fees, which may start quite reasonably priced and likely get more expensive over time as fees are earned in the basket. The startblock for whales is 2561900, which should happen somewhere around 6:00 UTC on Thursday. That means that if we can upgrade and activate by Tuesday before the meeting, that person would still have time for pre-launch participation by those who would like.

Thanks everyone for upgrading as soon as you are able!

Additional Verus Capabilities

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

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 f...

v1.0.6-testnet

Verus Desktop v1.0.6 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 v1.0.6

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/fc993f577f022fdf08cd062593255e801abeca6630a9e4d29d10fbc1555759fa/detection
Linux-x86-64: https://www.virustotal.com/gui/file/17854c63f0f3d20ec92a16f3312e1fd8064752ec2dc66a02449ea3a3046cae8d/detection
Linux-ARM64: https://www.virustotal.com/gui/file/162396b83286174462867842696e8d03dc45e9238a82457c1ea4685d598d3f0e/detection
Windows: https://www.virustotal.com/gui/file/b890c9424140237826abb0d7b0f2140b01976ef4439c5726950708db38ca97fe/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.
3. Run installer or place appimage in desired directory

v1.0.5

Announcing v1.0.5 - MANDATORY MAINNET UPGRADE WITH DEADLINE TBD BY COMMUNITY (STRAWMAN SUGGESTION MONDAY, MAY 29th, 19:00 UTC)

While preparing the cross-chain VRSC currency launch and as part of continual review, we determined that one numeric function that is used in the cross-chain challenges and is calculated differently for mainnet, due to the original launch that included the deprecated time locked rewards, was incorrect. This had never been hit, as it would have been calculated incorrectly only if multiple chains experienced a challenge of two competing forks, but in that case, it would falsely reject any challenge proof. That would mean cross-chain challenges on mainnet, even though they were fine and fully tested on testnet, could fail and block a bridge until that calculation was made correct and the network upgraded.

Because we have the notification oracle technology, we triggered a rip-cord notification selectively for cross-chain that made all nodes listening to the oracle, which we expect to be near 100%, disallow cross-chain operations without affecting same chain operations. That means that all functions on the Verus network, except launching PBaaS chains or Ethereum bridges are fully functional and unhampered in any way at this time. If someone tries to launch a PBaaS chain while this oracle notification is active, all nodes following the oracle will reject such an action without incident until the notification is removed.

This release, v1.0.5, properly calculates the aptly named “magic number” for each chain, in the correct way on the mainnet network, and as long as the notification is set, is fully compatible with current versions on the network.

Once everyone has had a chance to upgrade to v1.0.5, the network/community should agree to remove the notification from the oracle and allow PBaaS launches without false rejection of cross-chain challenges. Once we do that, and when someone launches a PBaaS chain that issues such a challenge, the network would become incompatible with Verus versions prior to 1.0.5.

From our perspective, we are not aware of urgent efforts to launch a PBaaS chain in the next few days by anyone who cannot wait. All things considered, we believe that we can at least wait until the community discussion on Saturday, and that a strawman deadline would be Monday, May 29th, at 19:00 UTC for everyone to have upgraded. If you are urgently wanting to launch a PBaaS chain, have a plan, and are prepared to do so sooner, we invite you to join the community meeting on Saturday at 19:00 UTC and let everyone know.

Having this notification remain in place until removed keeps the network running smoothly as it has been since activation, with all DeFi, multicurrency, and non-cross-chain functions enabled. Since the ETH bridge is undergoing final changes and review, is not quite ready to launch on testnet or mainnet, and will likely require at least a couple days on testnet to finish its review, we do not believe the current notification is hampering or slowing anything or anyone down at this time.

Additional Verus Capabilities

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

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...

v1.0.5-testnet

Verus Desktop v1.0.5 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 v1.0.5

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/d1c31eaa71ce2494d64b4f4c74fcbb1917d98eab0ab3b6c788dfba5c0fc007b8/detection
Linux-x86-64: https://www.virustotal.com/gui/file/3e280873f15e5ad9fda55c870313462c61ed6a426942353d6a9b854909f39a66/detection
Linux-ARM64: https://www.virustotal.com/gui/file/1d686a80cd554a90f4944365c1f631ecb7a645ef24697811670b0326786a79e5/detection
Windows: https://www.virustotal.com/gui/file/06fdd27a5389e574fbc4415939f12eac46b8b412c1db741b977865889962a5de/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.
3. Run installer or place appimage in desired directory

v1.0.4-a

This GUI-only release fixes VRSC native mode launch. No other changes from v1.04

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/9be6d07a753eeaeafe48d0036bca437956486f1df2f52449463378c336123701/detection
Linux-x86-64: https://www.virustotal.com/gui/file/82a8c99f18c9cd1a79fdccf8a46e7459b7dc0b8606d6ec2eafd43e3b90bf3446/detection
Linux-ARM64: https://www.virustotal.com/gui/file/2657eb062e609e34bed1d333a05365da8ec9e16603a81a7521db069c6d8baaca/detection
Windows: https://www.virustotal.com/gui/file/1a2f31db645f730119bbe2703ecb153a4bc43251efe0b2771ff5bd3e0a8a01b0/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.
3. Run installer or place appimage in desired directory