VerusCoin



Offline



Activity: 170

Merit: 11







MemberActivity: 170Merit: 11

[ANN] Verus (VRSC) - zk-SNARK privacy, CPU-mining, 50/50 POW/POS, fair launch May 21, 2018, 07:00:09 AM

Last edit: December 05, 2019, 04:07:29 AM by VerusCoin Merited by Gema (4), BTC-BTC-BTC (3), VoskCoin (1), Eddyc (1) #1



Please make sure to back up your wallet.dat before updating, just as a standard precaution that is likely unnecessary, delete the existing App install folder, not the VRSC folder and no other folders, then install and run the update.



Stop by our discord for the latest: Discord:

Original post:



Verus, latin for the truth, combines all of the features we believe are important in a cryptocurrency, and provides a foundation for future development. Verus is a fork of Zcash and Komodo that leverages the Komodo platform, and we appreciate the contributions and support from those teams as well as the Bitcoin developers that created a foundation for us to launch new capabilities in a system that supports Bitcoin and Zcash compatible transaction types as well as Komodo cross chain swaps and dPoW security enhancements.



Mining will begin for the first actual Verus Coin in 15 minutes. There is no premine, and we do not plan to have an ICO.



Verus includes zk-SNARK, zero-knowledge privacy and encrypted messages along with private transactions. Verus also introduces two brand-new and combined proof of work / proof of stake algorithms in a 50/50 ratio, designed specifically for CPU-mining, fair staking, lower power consumption, and enhanced security.



Block reward starts with a linear ramp, changing every block, for the first 10,080 blocks (1 week) going from 0 to the peak reward of 384. From that point forward, block reward will halve monthly for the following 5 months, then every 2 years after that. All block rewards, whether mined or staked, with a reward above or equal to 192 VRSC will be time locked for a random release time between block 129,600 and 1,181,520 (3 months to 2 years and 3 months after genesis). That means they will not be transferable or useful for any purpose until their time lock opens, at which time they will be mature and spendable by the miner or staker who earned them. If you earn these blocks, we hope you will join us and contribute as a stakeholder to the Verus vision.



We plan to use Verus as a platform to develop new useful cryptocurrency capabilities and to publish a white paper with our vision within the next couple months. For now, we are pleased to be able to provide the world with a cryptocurrency designed to be earned, owned, and used by everyone. For your convenience, we have added our own enhancements to the multi-coin Agama wallet, which still supports all Komodo platform coins, but also includes mining and staking support for Verus, and an easy way to shield coinbase transactions, which is a mandatory step to making them spendable in Zcash-derived privacy coins when you are the actual coinbase winner of a block.



We dont recommend pool mining Verus until after the first couple months, when time locks are no longer applied to coinbases. We dont currently have mining software other than the Verus enhanced wallet at this time. Also, with the timelocks in place, pools would need to keep software online, and you would have to wait for a random amount of time from 3 months to over 2 years before they could payout on each block.



Happy mining, staking, and we hope spending, and using in the future !



Max Supply: 83,540,184

Algorithm: VerusHash PoW/PoS - 50/50

Block time: 1 minute

Reward: 1 week smooth linear ramp from 0 to 384, then halving every month (43,200 blks)

for the following 5 months and every 2 years thereafter. All rewards over 192 Verus

are time locked to mature at a random block between 129,600 and 1,181,520



Wallets and all that is needed to mine and stake:



Mining instructions:

Install and run the Verus-enhanced Agama wallet with mining support

Upon first run, select Verus as your coin

In the upper right corner of Agama, go to the top menu and select settings

At the bottom of the settings rows, you will see </> CLI, which you should select, revealing two input lines, one for selecting the native coin, and one for the command.

On the first line, select Verus as the native coin

On the second line, enter:

setgenerate true n

where n is the number of threads you want to mine with. If you enter an n of 0, you will

stake, but not mine.



Staking instructions:

Staking is automatically enabled in our enhanced version of Agama, and will operate continuously in the background as long as Agama is running and you have spendable coins that are not coinbase transactions and that have been held in your wallet for at least 150 blocks, or approximately 2-½ hours. In order to stake with coinbase funds, coinbase transactions must be first shielded and transferred to a transparent address. This can be done on the send screen, after you create at least one private address in the wallet from the receive screen. Once you have shielded and then unshielded any coinbase transactions, they will also be eligible for automatic staking from your wallet when it is running.



Source code:

Verus development donation address: RFimRuEuSGvpENQdRmyqrFGm8y9JmE6cTC

Discord:



System requirements:

Mining and staking wallets are available for Windows, Linux, and Mac. Currently, you will require an Intel or AMD processor with AES and AVX instructions. Most Intel or AMD CPUs made within the past 5 or 6 years support these instructions. You can check yours specifically by running this free utility:



LEGAL DISCLAIMER: The free software made available through these links is experimental software only and should be used at your own risk. We make no warranty or guarantee of fitness for any specific use, and at no point do the Verus developers or anyone affiliated with the Verus developers assume any responsibility for financial or other loss you may incur by using the free software described in this post. USE AT YOUR OWN RISK.

You can download the latest builds at https://veruscoin.io Please make sure to back up your wallet.dat before updating, just as a standard precaution that is likely unnecessary, delete the existing App install folder, not the VRSC folder and no other folders, then install and run the update.Stop by our discord for the latest: Discord: https://discord.gg/VRKMP2S Original post:Verus, latin for the truth, combines all of the features we believe are important in a cryptocurrency, and provides a foundation for future development. Verus is a fork of Zcash and Komodo that leverages the Komodo platform, and we appreciate the contributions and support from those teams as well as the Bitcoin developers that created a foundation for us to launch new capabilities in a system that supports Bitcoin and Zcash compatible transaction types as well as Komodo cross chain swaps and dPoW security enhancements.Mining will begin for the first actual Verus Coin in 15 minutes. There is no premine, and we do not plan to have an ICO.Verus includes zk-SNARK, zero-knowledge privacy and encrypted messages along with private transactions. Verus also introduces two brand-new and combined proof of work / proof of stake algorithms in a 50/50 ratio, designed specifically for CPU-mining, fair staking, lower power consumption, and enhanced security.Block reward starts with a linear ramp, changing every block, for the first 10,080 blocks (1 week) going from 0 to the peak reward of 384. From that point forward, block reward will halve monthly for the following 5 months, then every 2 years after that. All block rewards, whether mined or staked, with a reward above or equal to 192 VRSC will be time locked for a random release time between block 129,600 and 1,181,520 (3 months to 2 years and 3 months after genesis). That means they will not be transferable or useful for any purpose until their time lock opens, at which time they will be mature and spendable by the miner or staker who earned them. If you earn these blocks, we hope you will join us and contribute as a stakeholder to the Verus vision.We plan to use Verus as a platform to develop new useful cryptocurrency capabilities and to publish a white paper with our vision within the next couple months. For now, we are pleased to be able to provide the world with a cryptocurrency designed to be earned, owned, and used by everyone. For your convenience, we have added our own enhancements to the multi-coin Agama wallet, which still supports all Komodo platform coins, but also includes mining and staking support for Verus, and an easy way to shield coinbase transactions, which is a mandatory step to making them spendable in Zcash-derived privacy coins when you are the actual coinbase winner of a block.We dont recommend pool mining Verus until after the first couple months, when time locks are no longer applied to coinbases. We dont currently have mining software other than the Verus enhanced wallet at this time. Also, with the timelocks in place, pools would need to keep software online, and you would have to wait for a random amount of time from 3 months to over 2 years before they could payout on each block.Happy mining, staking, and we hope spending, and using in the futureMax Supply: 83,540,184Algorithm: VerusHash PoW/PoS - 50/50Block time: 1 minuteReward: 1 week smooth linear ramp from 0 to 384, then halving every month (43,200 blks)for the following 5 months and every 2 years thereafter. All rewards over 192 Verusare time locked to mature at a random block between 129,600 and 1,181,520Wallets and all that is needed to mine and stake: http://veruscoin.io Install and run the Verus-enhanced Agama wallet with mining supportUpon first run, select Verus as your coinIn the upper right corner of Agama, go to the top menu and select settingsAt the bottom of the settings rows, you will see > CLI, which you should select, revealing two input lines, one for selecting the native coin, and one for the command.On the first line, select Verus as the native coinOn the second line, enter:where n is the number of threads you want to mine with. If you enter an n of 0, you willstake, but not mine.Staking instructions:Staking is automatically enabled in our enhanced version of Agama, and will operate continuously in the background as long as Agama is running and you have spendable coins that are not coinbase transactions and that have been held in your wallet for at least 150 blocks, or approximately 2-½ hours. In order to stake with coinbase funds, coinbase transactions must be first shielded and transferred to a transparent address. This can be done on the send screen, after you create at least one private address in the wallet from the receive screen. Once you have shielded and then unshielded any coinbase transactions, they will also be eligible for automatic staking from your wallet when it is running.Source code: https://github.com/veruscoin Verus development donation address: RFimRuEuSGvpENQdRmyqrFGm8y9JmE6cTCDiscord: https://discord.gg/VRKMP2S System requirements:Mining and staking wallets are available for Windows, Linux, and Mac. Currently, you will require an Intel or AMD processor with AES and AVX instructions. Most Intel or AMD CPUs made within the past 5 or 6 years support these instructions. You can check yours specifically by running this free utility: https://www.cpuid.com/ or using the "lscpu" command on Linux.LEGAL DISCLAIMER: The free software made available through these links is experimental software only and should be used at your own risk. We make no warranty or guarantee of fitness for any specific use, and at no point do the Verus developers or anyone affiliated with the Verus developers assume any responsibility for financial or other loss you may incur by using the free software described in this post. USE AT YOUR OWN RISK.