v0.7.3-8

Announcing MANDATORY UPDATE v0.7.3-8, which will re-enable full Verus Proof of Power, including staking, at block 1576200, occuring Thursday at approximately 5:00PM UTC time. YOU MUST UPDATE BEFORE THEN TO FOLLOW THE MAIN CHAIN.

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 to the world for merge mining and staking, as well as private, internal blockchains, which are easy to setup with easy bridging of public currencies into an organization and onto their internal private network and back, with all features and currencies of the public chain but none of the access. There is no limit on the number of blockchains that may continuously operate and interoperate on the Verus network. While there is some overhead for cross notarization, the model for the Verus blockchain network is fractal, enabling an unlimited number of simultaneously operating, interoperable blockchains.

Locking and Unlocking IDs

• Time Lock:
  The timelock parameter defines the unlock height of the identity.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 0, "timelock": <Unlock block height>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Time Delay:
  The timelock parameter defines how many blocks to delay an ID's unlock when the flags are set back to an unlocked state.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 2, "timelock": <Unlock block delay>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Revoking an identity will clear its locked status, regardless of time delay or unlock height.
• A locked identity cannot revoke itself.

Conversion Queries

The getcurrencyconverters API retrieves all currencies that have at least 1000 VRSC in reserve, are greater than 10% VRSC reserve ratio, and have all listed currencies as reserves

• E.g. BTC ETH:

  verus -chain=VRSCTEST getcurrencyconverters btc eth
  

  Will return all currencies that have btc/eth markets at or above the liquidity threshold.

Sending and Converting Currency

Warning: All testnet coins/currencies have no value and will disappear whenever VRSCTEST is reset

The sendcurrency API can be used to send and convert funds.

• Sending VRSCTEST from a single address (bob@) to a single recipient (alice@):

  verus -chain=VRSCTEST sendcurrency "bob@" '[{"currency":"vrsctest","address":"alice@","amount":10}]' 

• Sending VRSCTEST from all private wallet funds to two recipients with friendly-name z-addresses (alice@:private and bob@:private):

  verus -chain=VRSCTEST sendcurrency "*Z" '[{"currency":"vrsctest","address":"alice@:private","amount":10},{"currency":"VRSCTEST","address":"bob@:private","amount":10}]' 

• Converting VRSCTEST to a fractional basket currency, VRSC-BTC using IDs as a funding source:

  verus -chain=VRSCTEST sendcurrency "*i" '[{"address":"bob@","amount":10, "convertto":"VRSC-BTC"}]' 

• Converting VRSCTEST to another reserve, BTC through a fractional currency, VRSC-BTC:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"BTC","via":"VRSC-BTC"}]' 

• Preconverting to new currency, NEWCOIN, before it is active:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"alice@","amount":10, "convertto":"NEWCOIN", "preconvert":true, "refundto":"alice@"}]' 

• Sending VRSCTEST cross-chain to PBaaSChain:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"RXLYm4J6qi7yam9zXtkEkRwbvCrnWKGZuv","amount":10, "exportto":"Bridge.PBaaSChain"}]'

• Converting VRSCTEST cross-chain to PBaaSChain:

  verus -cha...

v0.7.3-7

Announcing MANDATORY UPGRADE v0.7.3-7. This release fixes the bug that was exploited by over the last day which stalled the network. You must upgrade to this release. If you shut down prior to block 15679999 you should be able to run this release without any additional steps. If your wallet continued to run after block 15679999 (or is still running) you will need to bootstrap or otherwise re-sync.

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 to the world for merge mining and staking, as well as private, internal blockchains, which are easy to setup with easy bridging of public currencies into an organization and onto their internal private network and back, with all features and currencies of the public chain but none of the access. There is no limit on the number of blockchains that may continuously operate and interoperate on the Verus network. While there is some overhead for cross notarization, the model for the Verus blockchain network is fractal, enabling an unlimited number of simultaneously operating, interoperable blockchains.

Locking and Unlocking IDs

• Time Lock:
  The timelock parameter defines the unlock height of the identity.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 0, "timelock": <Unlock block height>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Time Delay:
  The timelock parameter defines how many blocks to delay an ID's unlock when the flags are set back to an unlocked state.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 2, "timelock": <Unlock block delay>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Revoking an identity will clear its locked status, regardless of time delay or unlock height.
• A locked identity cannot revoke itself.

Conversion Queries

The getcurrencyconverters API retrieves all currencies that have at least 1000 VRSC in reserve, are greater than 10% VRSC reserve ratio, and have all listed currencies as reserves

• E.g. BTC ETH:

  verus -chain=VRSCTEST getcurrencyconverters btc eth
  

  Will return all currencies that have btc/eth markets at or above the liquidity threshold.

Sending and Converting Currency

Warning: All testnet coins/currencies have no value and will disappear whenever VRSCTEST is reset

The sendcurrency API can be used to send and convert funds.

• Sending VRSCTEST from a single address (bob@) to a single recipient (alice@):

  verus -chain=VRSCTEST sendcurrency "bob@" '[{"currency":"vrsctest","address":"alice@","amount":10}]' 

• Sending VRSCTEST from all private wallet funds to two recipients with friendly-name z-addresses (alice@:private and bob@:private):

  verus -chain=VRSCTEST sendcurrency "*Z" '[{"currency":"vrsctest","address":"alice@:private","amount":10},{"currency":"VRSCTEST","address":"bob@:private","amount":10}]' 

• Converting VRSCTEST to a fractional basket currency, VRSC-BTC using IDs as a funding source:

  verus -chain=VRSCTEST sendcurrency "*i" '[{"address":"bob@","amount":10, "convertto":"VRSC-BTC"}]' 

• Converting VRSCTEST to another reserve, BTC through a fractional currency, VRSC-BTC:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"BTC","via":"VRSC-BTC"}]' 

• Preconverting to new currency, NEWCOIN, before it is active:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"alice@","amount":10, "convertto":"NEWCOIN", "preconvert":true, "refundto":"alice@"}]' 

• Sending VRSCTEST cross-chain to PBaaSChain:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":...

v0.7.3-6

Announcing MANDATORY UPGRADE v0.7.3-6, REQUIRED FOR KOMODO NOTARY SEASON 5. Notaries, pools, and exchanges should upgrade to this version as soon as possible, before notary changes take effect on block 1562500. Failing to update will not prevent connection to the network, but updating in a timely manner will ensure a stronger, notarized connection to the Verus blockchain.

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 to the world for merge mining and staking, as well as private, internal blockchains, which are easy to setup with easy bridging of public currencies into an organization and onto their internal private network and back, with all features and currencies of the public chain but none of the access. There is no limit on the number of blockchains that may continuously operate and interoperate on the Verus network. While there is some overhead for cross notarization, the model for the Verus blockchain network is fractal, enabling an unlimited number of simultaneously operating, interoperable blockchains.

Locking and Unlocking IDs

• Time Lock:
  The timelock parameter defines the unlock height of the identity.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 0, "timelock": <Unlock block height>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Time Delay:
  The timelock parameter defines how many blocks to delay an ID's unlock when the flags are set back to an unlocked state.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 2, "timelock": <Unlock block delay>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Revoking an identity will clear its locked status, regardless of time delay or unlock height.
• A locked identity cannot revoke itself.

Conversion Queries

The getcurrencyconverters API retrieves all currencies that have at least 1000 VRSC in reserve, are greater than 10% VRSC reserve ratio, and have all listed currencies as reserves

• E.g. BTC ETH:

  verus -chain=VRSCTEST getcurrencyconverters btc eth
  

  Will return all currencies that have btc/eth markets at or above the liquidity threshold.

Sending and Converting Currency

Warning: All testnet coins/currencies have no value and will disappear whenever VRSCTEST is reset

The sendcurrency API can be used to send and convert funds.

• Sending VRSCTEST from a single address (bob@) to a single recipient (alice@):

  verus -chain=VRSCTEST sendcurrency "bob@" '[{"currency":"vrsctest","address":"alice@","amount":10}]' 

• Sending VRSCTEST from all private wallet funds to two recipients with friendly-name z-addresses (alice@:private and bob@:private):

  verus -chain=VRSCTEST sendcurrency "*Z" '[{"currency":"vrsctest","address":"alice@:private","amount":10},{"currency":"VRSCTEST","address":"bob@:private","amount":10}]' 

• Converting VRSCTEST to a fractional basket currency, VRSC-BTC using IDs as a funding source:

  verus -chain=VRSCTEST sendcurrency "*i" '[{"address":"bob@","amount":10, "convertto":"VRSC-BTC"}]' 

• Converting VRSCTEST to another reserve, BTC through a fractional currency, VRSC-BTC:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"BTC","via":"VRSC-BTC"}]' 

• Preconverting to new currency, NEWCOIN, before it is active:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"alice@","amount":10, "convertto":"NEWCOIN", "preconvert":true, "refundto":"alice@"}]' 

• Sending VRSCTEST cross-chain to PBaaSChain:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"RXLYm4J6qi7yam9zXtkEkRwbv...

v0.7.3-5

Announcing NON-MANDATORY GUI upgrade v0.7.3-5, required to continue participating in the PBaaS enabled testnet. v0.7.3-5 resolves an ID wallet sync issue for mainnet that could occur when recovering a revoked ID, causing the wallet to double count some amounts. This issue could not result in either loss of funds nor a security issue. This release also resolves all known testnet issues on the current testnet and does not require a testnet reset.

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 to the world for merge mining and staking, as well as private, internal blockchains, which are easy to setup with easy bridging of public currencies into an organization and onto their internal private network and back, with all features and currencies of the public chain but none of the access. There is no limit on the number of blockchains that may continuously operate and interoperate on the Verus network. While there is some overhead for cross notarization, the model for the Verus blockchain network is fractal, enabling an unlimited number of simultaneously operating, interoperable blockchains.

Locking and Unlocking IDs

• Time Lock:
  The timelock parameter defines the unlock height of the identity.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 0, "timelock": <Unlock block height>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Time Delay:
  The timelock parameter defines how many blocks to delay an ID's unlock when the flags are set back to an unlocked state.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 2, "timelock": <Unlock block delay>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Revoking an identity will clear its locked status, regardless of time delay or unlock height.
• A locked identity cannot revoke itself.

Conversion Queries

The getcurrencyconverters API retrieves all currencies that have at least 1000 VRSC in reserve, are greater than 10% VRSC reserve ratio, and have all listed currencies as reserves

• E.g. BTC ETH:

  verus -chain=VRSCTEST getcurrencyconverters btc eth
  

  Will return all currencies that have btc/eth markets at or above the liquidity threshold.

Sending and Converting Currency

Warning: All testnet coins/currencies have no value and will disappear whenever VRSCTEST is reset

The sendcurrency API can be used to send and convert funds.

• Sending VRSCTEST from a single address (bob@) to a single recipient (alice@):

  verus -chain=VRSCTEST sendcurrency "bob@" '[{"currency":"vrsctest","address":"alice@","amount":10}]' 

• Sending VRSCTEST from all private wallet funds to two recipients with friendly-name z-addresses (alice@:private and bob@:private):

  verus -chain=VRSCTEST sendcurrency "*Z" '[{"currency":"vrsctest","address":"alice@:private","amount":10},{"currency":"VRSCTEST","address":"bob@:private","amount":10}]' 

• Converting VRSCTEST to a fractional basket currency, VRSC-BTC using IDs as a funding source:

  verus -chain=VRSCTEST sendcurrency "*i" '[{"address":"bob@","amount":10, "convertto":"VRSC-BTC"}]' 

• Converting VRSCTEST to another reserve, BTC through a fractional currency, VRSC-BTC:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"BTC","via":"VRSC-BTC"}]' 

• Preconverting to new currency, NEWCOIN, before it is active:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"alice@","amount":10, "convertto":"NEWCOIN", "preconvert":true, "refundto":"alice@"}]' 

• Sending VRSCTEST cross-chain to PBaaSChain:

  ver...

v0.7.3-4

Announcing NON-MANDATORY CLI upgrade v0.7.3-4, required for to continue participating in the PBaaS enabled testnet. This version also adds the option to export all transactions to CSV through Coin Settings. VRSC Mainnet features are effectively unchanged from v0.7.3-3.

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 to the world for merge mining and staking, as well as private, internal blockchains, which are easy to setup with easy bridging of public currencies into an organization and onto their internal private network and back, with all features and currencies of the public chain but none of the access. There is no limit on the number of blockchains that may continuously operate and interoperate on the Verus network. While there is some overhead for cross notarization, the model for the Verus blockchain network is fractal, enabling an unlimited number of simultaneously operating, interoperable blockchains.

Locking and Unlocking IDs

• Time Lock:
  The timelock parameter defines the unlock height of the identity.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 0, "timelock": <Unlock block height>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Time Delay:
  The timelock parameter defines how many blocks to delay an ID's unlock when the flags are set back to an unlocked state.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 2, "timelock": <Unlock block delay>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Revoking an identity will clear its locked status, regardless of time delay or unlock height.
• A locked identity cannot revoke itself.

Conversion Queries

The getcurrencyconverters API retrieves all currencies that have at least 1000 VRSC in reserve, are greater than 10% VRSC reserve ratio, and have all listed currencies as reserves

• E.g. BTC ETH:

  verus -chain=VRSCTEST getcurrencyconverters btc eth
  

  Will return all currencies that have btc/eth markets at or above the liquidity threshold.

Sending and Converting Currency

Warning: All testnet coins/currencies have no value and will disappear whenever VRSCTEST is reset

The sendcurrency API can be used to send and convert funds.

• Sending VRSCTEST from a single address (bob@) to a single recipient (alice@):

  verus -chain=VRSCTEST sendcurrency "bob@" '[{"currency":"vrsctest","address":"alice@","amount":10}]' 

• Sending VRSCTEST from all private wallet funds to two recipients with friendly-name z-addresses (alice@:private and bob@:private):

  verus -chain=VRSCTEST sendcurrency "*Z" '[{"currency":"vrsctest","address":"alice@:private","amount":10},{"currency":"VRSCTEST","address":"bob@:private","amount":10}]' 

• Converting VRSCTEST to a fractional basket currency, VRSC-BTC using IDs as a funding source:

  verus -chain=VRSCTEST sendcurrency "*i" '[{"address":"bob@","amount":10, "convertto":"VRSC-BTC"}]' 

• Converting VRSCTEST to another reserve, BTC through a fractional currency, VRSC-BTC:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"BTC","via":"VRSC-BTC"}]' 

• Preconverting to new currency, NEWCOIN, before it is active:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"alice@","amount":10, "convertto":"NEWCOIN", "preconvert":true, "refundto":"alice@"}]' 

• Sending VRSCTEST cross-chain to PBaaSChain:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"RXLYm4J6qi7yam9zXtkEkRwbvCrnWKGZuv","amount":10, "exportto":"Bridge.PBaaSChain"}]'

• **Converting VRSCTEST cross-chain ...

v0.7.3-3

Mainnet Updates

v0.7.3-3 includes CRITICAL fixes for potential, targeted DOS attacks that do not affect overall network security, but should be considered mandatory for exchanges, pools, and businesses using the Verus network. Previous 0.7.3-x releases should no longer be used and should be replaced by this version. In addition, release includes fixes for ERC20 tokens with non-standard decimals and displaying ETH transactions.

While this release includes testnet functionality for Verus PBaaS, described below. This is a mainnet focused release that does not fix any issues on testnet. Testnet issues will be addressed in upcoming optional releases.

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 to the world for merge mining and staking, as well as private, internal blockchains, which are easy to setup with easy bridging of public currencies into an organization and onto their internal private network and back, with all features and currencies of the public chain but none of the access. There is no limit on the number of blockchains that may continuously operate and interoperate on the Verus network. While there is some overhead for cross notarization, the model for the Verus blockchain network is fractal, enabling an unlimited number of simultaneously operating, interoperable blockchains.

Locking and Unlocking IDs

• Time Lock:
  The timelock parameter defines the unlock height of the identity.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 0, "timelock": <Unlock block height>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Time Delay:
  The timelock parameter defines how many blocks to delay an ID's unlock when the flags are set back to an unlocked state.

  verus -chain=VRSCTEST updateidentity '{"name": "ID@", "flags": 2, "timelock": <Unlock block delay>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Revoking an identity will clear its locked status, regardless of time delay or unlock height.
• A locked identity cannot revoke itself.

Conversion Queries

The getcurrencyconverters API retrieves all currencies that have at least 1000 VRSC in reserve, are greater than 10% VRSC reserve ratio, and have all listed currencies as reserves

• E.g. BTC ETH:

  verus -chain=VRSCTEST getcurrencyconverters btc eth
  

  Will return all currencies that have btc/eth markets at or above the liquidity threshold.

Sending and Converting Currency

Warning: All testnet coins/currencies have no value and will disappear whenever VRSCTEST is reset

The sendcurrency API can be used to send and convert funds.

• Sending VRSCTEST from a single address (bob@) to a single recipient (alice@):

  verus -chain=VRSCTEST sendcurrency "bob@" '[{"currency":"vrsctest","address":"alice@","amount":10}]' 

• Sending VRSCTEST from all private wallet funds to two recipients with friendly-name z-addresses (alice@:private and bob@:private):

  verus -chain=VRSCTEST sendcurrency "*Z" '[{"currency":"vrsctest","address":"alice@:private","amount":10},{"currency":"VRSCTEST","address":"bob@:private","amount":10}]' 

• Converting VRSCTEST to a fractional basket currency, VRSC-BTC using IDs as a funding source:

  verus -chain=VRSCTEST sendcurrency "*i" '[{"address":"bob@","amount":10, "convertto":"VRSC-BTC"}]' 

• Converting VRSCTEST to another reserve, BTC through a fractional currency, VRSC-BTC:

  verus -chain=VRSCTEST sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"BTC","via":"VRSC-BTC"}]' 

• Preconverting to new currency, NEWCOIN, before it is active:

  veru...

v0.7.2-9

Announcing NON-MANDATORY GUI upgrade v0.7.2-9. This release allows wallets with a high number of transactions to be properly loaded.
Issues resolved in Verus Desktop GUI with this release:

• Inactive send button or slow transaction loading with unusually large wallets and/or sprout addresses
• Workaround the latest Electron update, which caused Verus Desktop to exit when loading some large wallets
• Fix tx explorer links

The Verus DeFi Testnet -- THERE IS NO TESTNET RESET

All new 'sendcurrency' features described above now work on both mainnet and testnet. In addition, testnet can source funds for DeFi features from private z-addresses as well. Again, use of these feature in the GUI is currently accessible only from Settings->Coin settings.

This is the most groundbreaking testnet the Verus project has ever released, and we believe it holds the potential to improve and reshape the DeFi industry. There are truly so many new capabilities and blockchain firsts working now on testnet that it’s hard to adequately cover them all. Below is a list of new capabilities active on the v0.7.2 testnet that will be on mainnet in the near future when considered fully hardened, tested, and ready for worldwide, public scale. Until then, Verus testnet is a fully decentralized blockchain network with 50% proof of work, 50% proof of stake, worldwide availability, and is running all of the new Verus protocols that are being tested and hardened for mainnet. All currencies and assets on the Verus testnet have absolutely no value and may be reset at any time in the interest of testing for mainnet. If you would like a representative basket of Verus testnet currencies that you can use to try out all of the new protocols from anywhere in the world, simply visit the Verus Discord and ask in the #pbaas-development channel. You can use this link as an invite to the Verus Discord: https://discord.gg/gecZsCf

• DeFi and cross-currency liquidity integrated with blockchain processing, fees, VerusID, and Verus PoP, 51% hash-attack resistant consensus algorithm - This is a massive set of platform capabilities that take DeFi further than any project in crypto today. We will list it here and describe it below. Using it is simple. Understanding the implications of what such a protocol can do when rent free and integrated in a truly decentralized public blockchain is a process of realizations that is likely to be similar to layers of an onion. We will do our best to explain below.

• System-wide queries for fractional basket currencies for arbitrage, investment discovery, or conversion bargain hunting - The new RPC API, getcurrencyconverters (final name at mainnet, TBD), enables instant queries of any full node for all registered currencies above a fixed liquidity threshold that contain one or more reserve currencies. This new API enables wallets or applications to easily query the entire blockchain network of fractional currencies, determine which provides the best conversion rate at acceptable liquidity, and either convert at the best possible rates worldwide, or select only better-than-market rates and arbitrage to earn.

• Enhanced VerusIDs with Verus Vault technology - This capability extends the already groundbreaking VerusID revocable, recoverable, provable, friendly name blockchain addresses and identities to include an advanced time lock capability that does not prevent staking on locked funds, enabling easy implementation of things like vesting, trusts, protocols for theft-proofing funds, simplifying estate planning, and much more. With Verus Vault technology, your funds, identity, and estate planning can be done in a fully self-sovereign manner, with the peace of mind in knowing you are protected from lost or stolen private keys.

• Verus Fee Pooling technology A sustainable mining and staking fee and revenue model while strengthening, rather than creating risk of weakening blockchain security, by preserving immediate incentive to maximize per-block fees, while smoothing fee distribution to miners and stakers over time, fully addressing the legitimate concerns expressed and still not addressed by Vitalik Buterin with respect to ETH and ETH 2.0 (https://blog.ethereum.org/2016/07/27/inflation-transaction-fees-cryptocurrency-monetary-policy/). In the fee pooling model, which is an extremely powerful, yet simple solution to enabling a mining and staking economy, all fees are gathered from transactions in a block as usual, then the fees, also calculated as usual, are added to a common, persistent pool of collected fees, and the current block miner or staker takes up to 1% of the aggregate fee pool.

Verus Vault - Advanced Time Locking of Identities

On the new Verus testnet, we have introduced a capability we cal Verus Vault, which both provides options for a theft-resistant workflow of identity management, but also enables many use cases from trusts to vesting schedules, to escrow alternatives, estate planning and more. The concept is simple, but the ramifications when combined with the already unique revocation and recovery capabilities offered by VerusID on mainnet are immense.

The Verus Vault use case, which was originally described in the conception of the feature, is the ability to timelock an ID, which would prevent any spending of any funds controlled by that ID, while still allowing the ID and all its funds to be used for staking. If the timelock was set for one day when locked, the unlock operation itself will require a waiting period of one day, which can only be circumvented by a revocation followed by recovery operation. In practice, this means that even if someone compromises your private keys while an ID is locked, they cannot spend any of the funds (though they could stake them and delegate rewards to another address, which you could immediately see) unless they unlock the ID first and wait one day. If you notice that your ID has been unlocked by someone other than you, you can revoke and recover before any funds are lost at all. If you wanted to get extremely secure, to the point of covering a case where someone may steal your private keys without you knowing and then lay in wait until you unlock your identity, so they can pounce on your funds before you lock it again, you can actually modify the controlling private keys of an identity before unlocking it, which ensures that the unlocked funds become usable again under the control of freshly made, uncompromised keys. While we believe this unique Verus technology actually provides for fully theft-proof workflows and protection of all assets on the network under the control of an ID, we will generally refer to the technology as "theft-resistant" and disclaim all guarantees of fitness for any particular purpose as part of the "experimental software" disclaimer.

In addition to use cases related to theft resistance and delayed lock opening, Verus Vault can be used to provide more standard forms of time-locking by simply time locking and unlocking in one operation, leaving the unlock period immediately counting down. This capability could be used to provide time locked funds to team members, children, employees, or structured in a way to provide time locked deal and payment terms. The uses for this technology are certainly beyond those that we have already thought of, and we look forward to seeing how people leverage this powerful new protocol capability.

Verus Desktop allows CLI commands for native coins. To run CLI for VRSCTEST, go to settings, coin settings, then select Verus Testnet (VRSCTEST) from the drop-down menu

• Time Lock:
  The timelock parameter defines the unlock height of the identity.

  run updateidentity '{"name": "ID@", "flags": 0, "timelock": <Unlock block height>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Time Delay:
  The timelock parameter defines how many blocks to delay an ID's unlock when the flags are set back to an unlocked state.

  run updateidentity '{"name": "ID@", "flags": 2, "timelock": <Unlock block delay>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Revoking an identity will clear its locked status, regardless of time delay or unlock height.
• A locked identity cannot revoke itself.

Conversion Queries

The getcurrencyconverters API retrieves all currencies that have at least 1000 VRSC in reserve, are greater than 10% VRSC reserve ratio, and have all listed currencies as reserves

• E.g. BTC ETH:

  run getcurrencyconverters btc eth
  

  Will return all currencies that have btc/eth markets at or above the liquidity threshold.

Sending and Converting Currency

Warning: All testnet coins/currencies have no value and will disappear whenever VRSCTEST is reset

The sendcurrency API can be used to send and convert funds.

• Sending VRSCTEST from a single address (bob@) to a single recipient (alice@):

  run sendcurrency "bob@" '[{"currency":"vrsctest","address":"alice@","amount":10}]' 
  

• Sending VRSCTEST from all wallet funds to two recipients (alice@ and bob@):

  run sendcurrency "*" '[{"currency":"vrsctest","address":"alice@","amount":10},{"currency":"VRSCTEST","address":"bob@","amount":10}]' 
  

• Converting VRSCTEST to a fractional basket currency, VRSC-BTC:

  run sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"VRSC-BTC"}]' 
  

• Converting VRSCTEST to another reserve, BTC through a fractional currency, VRSC-BTC:

  run sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"BTC","via":"VRSC-BTC"}]' 
  

• Preconverting to new currency, NEWCOIN, before it is active:

  run sendcurrency "*" '[{"address":"alice@","amount":10, "convertto":"NEWCOIN", "preconvert":true, "refundto":"alice@"}]' 
  

Defining a Curre...

v0.7.2-8

Announcing MANDATORY upgrade v0.7.2-8 - THIS UPDATE IS CONSIDERED MANDATORY - ALL NODE OPERATORS SHOULD UPDATE AS SOON AS POSSIBLE

This release includes the following improvements and updates:

• Critical updates
• Fixed fetch-bootstrap temp file cleanup on Windows.
• Fixed fetch-bootstrap checksum verification on MacOS

The Verus DeFi Testnet -- THERE IS NO TESTNET RESET

All new 'sendcurrency' features described above now work on both mainnet and testnet. In addition, testnet can source funds for DeFi features from private z-addresses as well. Again, use of these feature in the GUI is currently accessible only from Settings->Coin settings.

This is the most groundbreaking testnet the Verus project has ever released, and we believe it holds the potential to improve and reshape the DeFi industry. There are truly so many new capabilities and blockchain firsts working now on testnet that it’s hard to adequately cover them all. Below is a list of new capabilities active on the v0.7.2 testnet that will be on mainnet in the near future when considered fully hardened, tested, and ready for worldwide, public scale. Until then, Verus testnet is a fully decentralized blockchain network with 50% proof of work, 50% proof of stake, worldwide availability, and is running all of the new Verus protocols that are being tested and hardened for mainnet. All currencies and assets on the Verus testnet have absolutely no value and may be reset at any time in the interest of testing for mainnet. If you would like a representative basket of Verus testnet currencies that you can use to try out all of the new protocols from anywhere in the world, simply visit the Verus Discord and ask in the #pbaas-development channel. You can use this link as an invite to the Verus Discord: https://discord.gg/gecZsCf

• DeFi and cross-currency liquidity integrated with blockchain processing, fees, VerusID, and Verus PoP, 51% hash-attack resistant consensus algorithm - This is a massive set of platform capabilities that take DeFi further than any project in crypto today. We will list it here and describe it below. Using it is simple. Understanding the implications of what such a protocol can do when rent free and integrated in a truly decentralized public blockchain is a process of realizations that is likely to be similar to layers of an onion. We will do our best to explain below.

• System-wide queries for fractional basket currencies for arbitrage, investment discovery, or conversion bargain hunting - The new RPC API, getcurrencyconverters (final name at mainnet, TBD), enables instant queries of any full node for all registered currencies above a fixed liquidity threshold that contain one or more reserve currencies. This new API enables wallets or applications to easily query the entire blockchain network of fractional currencies, determine which provides the best conversion rate at acceptable liquidity, and either convert at the best possible rates worldwide, or select only better-than-market rates and arbitrage to earn.

• Enhanced VerusIDs with Verus Vault technology - This capability extends the already groundbreaking VerusID revocable, recoverable, provable, friendly name blockchain addresses and identities to include an advanced time lock capability that does not prevent staking on locked funds, enabling easy implementation of things like vesting, trusts, protocols for theft-proofing funds, simplifying estate planning, and much more. With Verus Vault technology, your funds, identity, and estate planning can be done in a fully self-sovereign manner, with the peace of mind in knowing you are protected from lost or stolen private keys.

• Verus Fee Pooling technology A sustainable mining and staking fee and revenue model while strengthening, rather than creating risk of weakening blockchain security, by preserving immediate incentive to maximize per-block fees, while smoothing fee distribution to miners and stakers over time, fully addressing the legitimate concerns expressed and still not addressed by Vitalik Buterin with respect to ETH and ETH 2.0 (https://blog.ethereum.org/2016/07/27/inflation-transaction-fees-cryptocurrency-monetary-policy/). In the fee pooling model, which is an extremely powerful, yet simple solution to enabling a mining and staking economy, all fees are gathered from transactions in a block as usual, then the fees, also calculated as usual, are added to a common, persistent pool of collected fees, and the current block miner or staker takes up to 1% of the aggregate fee pool.

Verus Vault - Advanced Time Locking of Identities

On the new Verus testnet, we have introduced a capability we cal Verus Vault, which both provides options for a theft-resistant workflow of identity management, but also enables many use cases from trusts to vesting schedules, to escrow alternatives, estate planning and more. The concept is simple, but the ramifications when combined with the already unique revocation and recovery capabilities offered by VerusID on mainnet are immense.

The Verus Vault use case, which was originally described in the conception of the feature, is the ability to timelock an ID, which would prevent any spending of any funds controlled by that ID, while still allowing the ID and all its funds to be used for staking. If the timelock was set for one day when locked, the unlock operation itself will require a waiting period of one day, which can only be circumvented by a revocation followed by recovery operation. In practice, this means that even if someone compromises your private keys while an ID is locked, they cannot spend any of the funds (though they could stake them and delegate rewards to another address, which you could immediately see) unless they unlock the ID first and wait one day. If you notice that your ID has been unlocked by someone other than you, you can revoke and recover before any funds are lost at all. If you wanted to get extremely secure, to the point of covering a case where someone may steal your private keys without you knowing and then lay in wait until you unlock your identity, so they can pounce on your funds before you lock it again, you can actually modify the controlling private keys of an identity before unlocking it, which ensures that the unlocked funds become usable again under the control of freshly made, uncompromised keys. While we believe this unique Verus technology actually provides for fully theft-proof workflows and protection of all assets on the network under the control of an ID, we will generally refer to the technology as "theft-resistant" and disclaim all guarantees of fitness for any particular purpose as part of the "experimental software" disclaimer.

In addition to use cases related to theft resistance and delayed lock opening, Verus Vault can be used to provide more standard forms of time-locking by simply time locking and unlocking in one operation, leaving the unlock period immediately counting down. This capability could be used to provide time locked funds to team members, children, employees, or structured in a way to provide time locked deal and payment terms. The uses for this technology are certainly beyond those that we have already thought of, and we look forward to seeing how people leverage this powerful new protocol capability.

Verus Desktop allows CLI commands for native coins. To run CLI for VRSCTEST, go to settings, coin settings, then select Verus Testnet (VRSCTEST) from the drop-down menu

• Time Lock:
  The timelock parameter defines the unlock height of the identity.

  run updateidentity '{"name": "ID@", "flags": 0, "timelock": <Unlock block height>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Time Delay:
  The timelock parameter defines how many blocks to delay an ID's unlock when the flags are set back to an unlocked state.

  run updateidentity '{"name": "ID@", "flags": 2, "timelock": <Unlock block delay>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Revoking an identity will clear its locked status, regardless of time delay or unlock height.
• A locked identity cannot revoke itself.

Conversion Queries

The getcurrencyconverters API retrieves all currencies that have at least 1000 VRSC in reserve, are greater than 10% VRSC reserve ratio, and have all listed currencies as reserves

• E.g. BTC ETH:

  run getcurrencyconverters btc eth
  

  Will return all currencies that have btc/eth markets at or above the liquidity threshold.

Sending and Converting Currency

Warning: All testnet coins/currencies have no value and will disappear whenever VRSCTEST is reset

The sendcurrency API can be used to send and convert funds.

• Sending VRSCTEST from a single address (bob@) to a single recipient (alice@):

  run sendcurrency "bob@" '[{"currency":"vrsctest","address":"alice@","amount":10}]' 
  

• Sending VRSCTEST from all wallet funds to two recipients (alice@ and bob@):

  run sendcurrency "*" '[{"currency":"vrsctest","address":"alice@","amount":10},{"currency":"VRSCTEST","address":"bob@","amount":10}]' 
  

• Converting VRSCTEST to a fractional basket currency, VRSC-BTC:

  run sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"VRSC-BTC"}]' 
  

• Converting VRSCTEST to another reserve, BTC through a fractional currency, VRSC-BTC:

  run sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"BTC","via":"VRSC-BTC"}]' 
  

• Preconverting to new currency, NEWCOIN, before it is active:

  run sendcurrency "*" '[{"address":"alice@","amount":10, "convertto":"NEWCOIN", "preconvert":true, "refundto":"alice@"}]' 
  

Defining a Currency

To create a currency of a specific name, you need an ID of the same name. The controller of thi...

v0.7.2-7

Announcing NON-MANDATORY upgrade v0.7.2-7, with fixes necessary to continue participating in the current testnet.
This release includes the following improvements and updates:

• Add ability to show/hide zero balance addresses
• (Testnet) Add currency balances for individual addresses
• Fix KMD Explorer
• Zcash daemon v4.2.0

The Verus DeFi Testnet -- THERE IS NO TESTNET RESET

All new 'sendcurrency' features described above now work on both mainnet and testnet. In addition, testnet can source funds for DeFi features from private z-addresses as well. Again, use of these feature in the GUI is currently accessible only from Settings->Coin settings.

This is the most groundbreaking testnet the Verus project has ever released, and we believe it holds the potential to improve and reshape the DeFi industry. There are truly so many new capabilities and blockchain firsts working now on testnet that it’s hard to adequately cover them all. Below is a list of new capabilities active on the v0.7.2 testnet that will be on mainnet in the near future when considered fully hardened, tested, and ready for worldwide, public scale. Until then, Verus testnet is a fully decentralized blockchain network with 50% proof of work, 50% proof of stake, worldwide availability, and is running all of the new Verus protocols that are being tested and hardened for mainnet. All currencies and assets on the Verus testnet have absolutely no value and may be reset at any time in the interest of testing for mainnet. If you would like a representative basket of Verus testnet currencies that you can use to try out all of the new protocols from anywhere in the world, simply visit the Verus Discord and ask in the #pbaas-development channel. You can use this link as an invite to the Verus Discord: https://discord.gg/gecZsCf

• DeFi and cross-currency liquidity integrated with blockchain processing, fees, VerusID, and Verus PoP, 51% hash-attack resistant consensus algorithm - This is a massive set of platform capabilities that take DeFi further than any project in crypto today. We will list it here and describe it below. Using it is simple. Understanding the implications of what such a protocol can do when rent free and integrated in a truly decentralized public blockchain is a process of realizations that is likely to be similar to layers of an onion. We will do our best to explain below.

• System-wide queries for fractional basket currencies for arbitrage, investment discovery, or conversion bargain hunting - The new RPC API, getcurrencyconverters (final name at mainnet, TBD), enables instant queries of any full node for all registered currencies above a fixed liquidity threshold that contain one or more reserve currencies. This new API enables wallets or applications to easily query the entire blockchain network of fractional currencies, determine which provides the best conversion rate at acceptable liquidity, and either convert at the best possible rates worldwide, or select only better-than-market rates and arbitrage to earn.

• Enhanced VerusIDs with Verus Vault technology - This capability extends the already groundbreaking VerusID revocable, recoverable, provable, friendly name blockchain addresses and identities to include an advanced time lock capability that does not prevent staking on locked funds, enabling easy implementation of things like vesting, trusts, protocols for theft-proofing funds, simplifying estate planning, and much more. With Verus Vault technology, your funds, identity, and estate planning can be done in a fully self-sovereign manner, with the peace of mind in knowing you are protected from lost or stolen private keys.

• Verus Fee Pooling technology A sustainable mining and staking fee and revenue model while strengthening, rather than creating risk of weakening blockchain security, by preserving immediate incentive to maximize per-block fees, while smoothing fee distribution to miners and stakers over time, fully addressing the legitimate concerns expressed and still not addressed by Vitalik Buterin with respect to ETH and ETH 2.0 (https://blog.ethereum.org/2016/07/27/inflation-transaction-fees-cryptocurrency-monetary-policy/). In the fee pooling model, which is an extremely powerful, yet simple solution to enabling a mining and staking economy, all fees are gathered from transactions in a block as usual, then the fees, also calculated as usual, are added to a common, persistent pool of collected fees, and the current block miner or staker takes up to 1% of the aggregate fee pool.

Verus Vault - Advanced Time Locking of Identities

On the new Verus testnet, we have introduced a capability we cal Verus Vault, which both provides options for a theft-resistant workflow of identity management, but also enables many use cases from trusts to vesting schedules, to escrow alternatives, estate planning and more. The concept is simple, but the ramifications when combined with the already unique revocation and recovery capabilities offered by VerusID on mainnet are immense.

The Verus Vault use case, which was originally described in the conception of the feature, is the ability to timelock an ID, which would prevent any spending of any funds controlled by that ID, while still allowing the ID and all its funds to be used for staking. If the timelock was set for one day when locked, the unlock operation itself will require a waiting period of one day, which can only be circumvented by a revocation followed by recovery operation. In practice, this means that even if someone compromises your private keys while an ID is locked, they cannot spend any of the funds (though they could stake them and delegate rewards to another address, which you could immediately see) unless they unlock the ID first and wait one day. If you notice that your ID has been unlocked by someone other than you, you can revoke and recover before any funds are lost at all. If you wanted to get extremely secure, to the point of covering a case where someone may steal your private keys without you knowing and then lay in wait until you unlock your identity, so they can pounce on your funds before you lock it again, you can actually modify the controlling private keys of an identity before unlocking it, which ensures that the unlocked funds become usable again under the control of freshly made, uncompromised keys. While we believe this unique Verus technology actually provides for fully theft-proof workflows and protection of all assets on the network under the control of an ID, we will generally refer to the technology as "theft-resistant" and disclaim all guarantees of fitness for any particular purpose as part of the "experimental software" disclaimer.

In addition to use cases related to theft resistance and delayed lock opening, Verus Vault can be used to provide more standard forms of time-locking by simply time locking and unlocking in one operation, leaving the unlock period immediately counting down. This capability could be used to provide time locked funds to team members, children, employees, or structured in a way to provide time locked deal and payment terms. The uses for this technology are certainly beyond those that we have already thought of, and we look forward to seeing how people leverage this powerful new protocol capability.

Verus Desktop allows CLI commands for native coins. To run CLI for VRSCTEST, go to settings, coin settings, then select Verus Testnet (VRSCTEST) from the drop-down menu

• Time Lock:
  The timelock parameter defines the unlock height of the identity.

  run updateidentity '{"name": "ID@", "flags": 0, "timelock": <Unlock block height>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Time Delay:
  The timelock parameter defines how many blocks to delay an ID's unlock when the flags are set back to an unlocked state.

  run updateidentity '{"name": "ID@", "flags": 2, "timelock": <Unlock block delay>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Revoking an identity will clear its locked status, regardless of time delay or unlock height.
• A locked identity cannot revoke itself.

Conversion Queries

The getcurrencyconverters API retrieves all currencies that have at least 1000 VRSC in reserve, are greater than 10% VRSC reserve ratio, and have all listed currencies as reserves

• E.g. BTC ETH:

  run getcurrencyconverters btc eth
  

  Will return all currencies that have btc/eth markets at or above the liquidity threshold.

Sending and Converting Currency

Warning: All testnet coins/currencies have no value and will disappear whenever VRSCTEST is reset

The sendcurrency API can be used to send and convert funds.

• Sending VRSCTEST from a single address (bob@) to a single recipient (alice@):

  run sendcurrency "bob@" '[{"currency":"vrsctest","address":"alice@","amount":10}]' 
  

• Sending VRSCTEST from all wallet funds to two recipients (alice@ and bob@):

  run sendcurrency "*" '[{"currency":"vrsctest","address":"alice@","amount":10},{"currency":"VRSCTEST","address":"bob@","amount":10}]' 
  

• Converting VRSCTEST to a fractional basket currency, VRSC-BTC:

  run sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"VRSC-BTC"}]' 
  

• Converting VRSCTEST to another reserve, BTC through a fractional currency, VRSC-BTC:

  run sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"BTC","via":"VRSC-BTC"}]' 
  

• Preconverting to new currency, NEWCOIN, before it is active:

  run sendcurrency "*" '[{"address":"alice@","amount":10, "convertto":"NEWCOIN", "preconvert":true, "refundto":"alice@"}]' 
  

Defining a Currency

To create a currency of a specific nam...

v0.7.2-6

Announcing NON-MANDATORY upgrade v0.7.2-6, with primarily testnet improvements. Mainnet features are effectively unchanged from v0.7.2-4, with only "z*" added as a new, supported wildcard to the z_getbalance API.
This release includes the following improvements and updates for testnet:

• Add getcurrencybalance API to get multi-currency balances on transparent/private addresses and identities.
• Optimize multi-currency operators and UTXO selection
• Display unlocked balance in getwalletinfo
• Add support for "z*" wildcard in z_getbalance

The Verus DeFi Testnet -- THERE IS NO TESTNET RESET

All new 'sendcurrency' features described above now work on both mainnet and testnet. In addition, testnet can source funds for DeFi features from private z-addresses as well. Again, use of these feature in the GUI is currently accessible only from Settings->Coin settings.

This is the most groundbreaking testnet the Verus project has ever released, and we believe it holds the potential to improve and reshape the DeFi industry. There are truly so many new capabilities and blockchain firsts working now on testnet that it’s hard to adequately cover them all. Below is a list of new capabilities active on the v0.7.2 testnet that will be on mainnet in the near future when considered fully hardened, tested, and ready for worldwide, public scale. Until then, Verus testnet is a fully decentralized blockchain network with 50% proof of work, 50% proof of stake, worldwide availability, and is running all of the new Verus protocols that are being tested and hardened for mainnet. All currencies and assets on the Verus testnet have absolutely no value and may be reset at any time in the interest of testing for mainnet. If you would like a representative basket of Verus testnet currencies that you can use to try out all of the new protocols from anywhere in the world, simply visit the Verus Discord and ask in the #pbaas-development channel. You can use this link as an invite to the Verus Discord: https://discord.gg/gecZsCf

• DeFi and cross-currency liquidity integrated with blockchain processing, fees, VerusID, and Verus PoP, 51% hash-attack resistant consensus algorithm - This is a massive set of platform capabilities that take DeFi further than any project in crypto today. We will list it here and describe it below. Using it is simple. Understanding the implications of what such a protocol can do when rent free and integrated in a truly decentralized public blockchain is a process of realizations that is likely to be similar to layers of an onion. We will do our best to explain below.

• System-wide queries for fractional basket currencies for arbitrage, investment discovery, or conversion bargain hunting - The new RPC API, getcurrencyconverters (final name at mainnet, TBD), enables instant queries of any full node for all registered currencies above a fixed liquidity threshold that contain one or more reserve currencies. This new API enables wallets or applications to easily query the entire blockchain network of fractional currencies, determine which provides the best conversion rate at acceptable liquidity, and either convert at the best possible rates worldwide, or select only better-than-market rates and arbitrage to earn.

• Enhanced VerusIDs with Verus Vault technology - This capability extends the already groundbreaking VerusID revocable, recoverable, provable, friendly name blockchain addresses and identities to include an advanced time lock capability that does not prevent staking on locked funds, enabling easy implementation of things like vesting, trusts, protocols for theft-proofing funds, simplifying estate planning, and much more. With Verus Vault technology, your funds, identity, and estate planning can be done in a fully self-sovereign manner, with the peace of mind in knowing you are protected from lost or stolen private keys.

• Verus Fee Pooling technology A sustainable mining and staking fee and revenue model while strengthening, rather than creating risk of weakening blockchain security, by preserving immediate incentive to maximize per-block fees, while smoothing fee distribution to miners and stakers over time, fully addressing the legitimate concerns expressed and still not addressed by Vitalik Buterin with respect to ETH and ETH 2.0 (https://blog.ethereum.org/2016/07/27/inflation-transaction-fees-cryptocurrency-monetary-policy/). In the fee pooling model, which is an extremely powerful, yet simple solution to enabling a mining and staking economy, all fees are gathered from transactions in a block as usual, then the fees, also calculated as usual, are added to a common, persistent pool of collected fees, and the current block miner or staker takes up to 1% of the aggregate fee pool.

Verus Vault - Advanced Time Locking of Identities

On the new Verus testnet, we have introduced a capability we cal Verus Vault, which both provides options for a theft-resistant workflow of identity management, but also enables many use cases from trusts to vesting schedules, to escrow alternatives, estate planning and more. The concept is simple, but the ramifications when combined with the already unique revocation and recovery capabilities offered by VerusID on mainnet are immense.

The Verus Vault use case, which was originally described in the conception of the feature, is the ability to timelock an ID, which would prevent any spending of any funds controlled by that ID, while still allowing the ID and all its funds to be used for staking. If the timelock was set for one day when locked, the unlock operation itself will require a waiting period of one day, which can only be circumvented by a revocation followed by recovery operation. In practice, this means that even if someone compromises your private keys while an ID is locked, they cannot spend any of the funds (though they could stake them and delegate rewards to another address, which you could immediately see) unless they unlock the ID first and wait one day. If you notice that your ID has been unlocked by someone other than you, you can revoke and recover before any funds are lost at all. If you wanted to get extremely secure, to the point of covering a case where someone may steal your private keys without you knowing and then lay in wait until you unlock your identity, so they can pounce on your funds before you lock it again, you can actually modify the controlling private keys of an identity before unlocking it, which ensures that the unlocked funds become usable again under the control of freshly made, uncompromised keys. While we believe this unique Verus technology actually provides for fully theft-proof workflows and protection of all assets on the network under the control of an ID, we will generally refer to the technology as "theft-resistant" and disclaim all guarantees of fitness for any particular purpose as part of the "experimental software" disclaimer.

In addition to use cases related to theft resistance and delayed lock opening, Verus Vault can be used to provide more standard forms of time-locking by simply time locking and unlocking in one operation, leaving the unlock period immediately counting down. This capability could be used to provide time locked funds to team members, children, employees, or structured in a way to provide time locked deal and payment terms. The uses for this technology are certainly beyond those that we have already thought of, and we look forward to seeing how people leverage this powerful new protocol capability.

Verus Desktop allows CLI commands for native coins. To run CLI for VRSCTEST, go to settings, coin settings, then select Verus Testnet (VRSCTEST) from the drop-down menu

• Time Lock:
  The timelock parameter defines the unlock height of the identity.

  run updateidentity '{"name": "ID@", "flags": 0, "timelock": <Unlock block height>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Time Delay:
  The timelock parameter defines how many blocks to delay an ID's unlock when the flags are set back to an unlocked state.

  run updateidentity '{"name": "ID@", "flags": 2, "timelock": <Unlock block delay>, "minimumsignatures": 1, "primaryaddresses": ["t-address"]}'
  

• Revoking an identity will clear its locked status, regardless of time delay or unlock height.
• A locked identity cannot revoke itself.

Conversion Queries

The getcurrencyconverters API retrieves all currencies that have at least 1000 VRSC in reserve, are greater than 10% VRSC reserve ratio, and have all listed currencies as reserves

• E.g. BTC ETH:

  run getcurrencyconverters btc eth
  

  Will return all currencies that have btc/eth markets at or above the liquidity threshold.

Sending and Converting Currency

Warning: All testnet coins/currencies have no value and will disappear whenever VRSCTEST is reset

The sendcurrency API can be used to send and convert funds.

• Sending VRSCTEST from a single address (bob@) to a single recipient (alice@):

  run sendcurrency "bob@" '[{"currency":"vrsctest","address":"alice@","amount":10}]' 
  

• Sending VRSCTEST from all wallet funds to two recipients (alice@ and bob@):

  run sendcurrency "*" '[{"currency":"vrsctest","address":"alice@","amount":10},{"currency":"VRSCTEST","address":"bob@","amount":10}]' 
  

• Converting VRSCTEST to a fractional basket currency, VRSC-BTC:

  run sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"VRSC-BTC"}]' 
  

• Converting VRSCTEST to another reserve, BTC through a fractional currency, VRSC-BTC:

  run sendcurrency "*" '[{"address":"bob@","amount":10, "convertto":"BTC","via":"VRSC-BTC"}]' 
  

• Preconverting to new currency, NEWCOIN, before it is active:

  run sendcurrency "*" '[{"add...