Dear Bithumb Global Users,
Bithumb Global will list VRSC digital asset service on PowCoin board, details are as follows.
Deposits will be available on: Nov 11, 2020 at 11:00(UTC+8) Deposit here >>
Trading will be available on：Nov 11, 2020 at 17:00(UTC+8) Trading here >>
Verus is a truly free, decentralized protocol and rent-free blockchain framework that provides chain interoperability that can scale to the world. It’s not just a protocol, but an ecosystem of interconnected blockchains. Once on mainnet, the Verus DeFi system will be a fractal, market-driven, and completely liquid worldwide network of independently valued currencies and protocol-based currency baskets that allows anyone holding Verus to perform cross-chain transactions, launch a fractional reserve token and merge mine and stake on up to 22 blockchains at once.
The next generation DeFi enabled platform is designed as a scalable, secure, public network with privacy built-in. Verus offers superior decentralized finance for community driven liquidity by utilizing simultaneous parallel processing of DeFi transactions, allowing Verus to advance the technology underpinning automated market makers and community liquidity. The result is a series of improvements including the elimination of front-running, lower costs and optimization of liquidity.
Verus was fairly launched with no ICO, no pre-mine, with advance mining notice, and no development fee or other rent-seeking taxes, with one-hundred percent of rewards from the network returned to miners and stakers. It’s unique consensus algorithm called “Proof of Power” - 50 percent Proof of Stake and 50 percent Proof of Work - is a provable hybrid solution to 51% Hash Attacks and the staking algorithm solves the two major theoretical issues undermining other Proof of Stake systems, “nothing at stake” and “weak subjectivity” by leveraging its smart transaction capabilities to remove any incentive to attempt cheating, making it a losing proposition. No specialized mining equipment is necessary to mine VRSC; VerusHash, a quantum secure hash algorithm that is near-equally mineable on both CPUs, GPUs and FPGAs.
Verus offers recoverable friendly name identities, and unique smart transactions to ease the development of applications and services. In addition to these capabilities, which are available today using the Verus Desktop GUI application for Windows, Mac, and Linux platforms, Verus is testing its upcoming release that supports unlimited tokenization of assets.
Coupled decentralized bridging protocols which will allow various coins, both ETH-like and UTXO coins, and others, to be represented on the Verus system in a decentralized manner, and it will also allow all Verus-created currencies to be sent to and represented in the Ethereum network as automatically created ERC20 tokens. This will lead to an expansive universe of potential tokens and coins with liquidity across the Verus system and other leading blockchain networks.
Recoverable Human-Readable Names
Protocol-based Currency Baskets
Automated Market Makers
Decentralized Bridging Protocols
NFT Identities, Gaming, Collectibles and more...
Total Supply: 83,540,184 VRSC
Circulating Supply: 58,875,936 VRSC
Official Website: https://verus.io
Explainer Video: https://youtu.be/eOn9XpjkuCA
There are significant risks in trading digital asset. Please consider carefully whether digital assets trading are appropriate to your financial situation.
Bithumb Global Team
Nov 11, 2020