Verus (VRSC)
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About VRSC
Verus Coin (VRSC) is the native currency of the Verus Platform — a zero-knowledge, public blockchain protocol designed for privacy, scalability, identity, and interoperable smart contracts. Verus introduces a unique approach to decentralized finance and governance through its self-sovereign identity system, recursive smart chains, and multi-currency protocol. Verus is built on a novel consensus algorithm called Proof of Power (PoP), which combines Proof of Work and Proof of Stake in a 50/50 hybrid to provide security while maintaining decentralization and energy efficiency. The platform supports the creation of independently operating, interoperable blockchains (called PBaaS chains — Public Blockchain as a Service), which are natively integrated into the Verus ecosystem. VRSC is used for transaction fees, staking, mining, and as the primary reserve currency in Verus’s multi-currency protocol. The system enables users to create new tokens and currencies backed by reserve baskets of VRSC and other assets, with dynamic pricing and fractional backing mechanisms. One of Verus’s key features is VerusID — a fully decentralized identity protocol that allows users to own and control their on-chain identity. These identities are natively integrated with blockchain features such as transactions, smart contracts, and even currency control. With privacy-preserving zero-knowledge technology, seamless multi-chain integration, and a focus on sovereign control and utility, Verus Coin powers a next-generation blockchain network designed for inclusive and adaptive Web3 infrastructure.
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Frequently Asked Questions about Verus
What is Verus Coin (VRSC)?
Verus Coin is the native token of the Verus blockchain platform, used for transactions, staking, mining, and reserve functions in its multi-currency system.
Where can I buy Verus (VRSC) coin?
VRSC coin can be purchased on select cryptocurrency exchanges such as SafeTrade and TradeOgre. It can also be bought in Komodo Wallet's native decentralized exchange.
Where can I store Verus (VRSC) coin?
VRSC is stored in the official Verus Wallet, available for desktop platforms, mobile devices, and as a CLI wallet. The wallet supports mining, staking, identity management, and token creation.
What is Verus Platform?
Verus Platform is a zero-knowledge blockchain network that enables scalable smart contracts, decentralized identity (VerusID), and Public Blockchains as a Service (PBaaS).
What consensus algorithm does Verus use?
Verus uses Proof of Power (PoP), a hybrid consensus combining 50% Proof of Work and 50% Proof of Stake for security, fairness, and energy efficiency.
What is PBaaS in Verus?
PBaaS (Public Blockchain as a Service) allows users to launch interoperable blockchains that inherit Verus security while maintaining independent consensus and functionality.
What is VerusID?
VerusID is a built-in self-sovereign identity system that enables secure, on-chain identities. These IDs can be used for transactions, smart contracts, and governance roles.
Can I create tokens on Verus?
Yes. Verus allows users to create currencies and tokens backed by reserves, with configurable parameters such as supply, name, and fractional reserve rules.
Does Verus support privacy features?
Yes. Verus includes zero-knowledge privacy options, allowing shielded transactions and the creation of private currencies within its ecosystem.
Is Verus compatible with Ethereum or EVM?
Not directly. Verus uses its own smart contract system and identity framework, but focuses on interoperability through its recursive chain and currency protocols.