VerusCoin is a community project with a cryptocurrency, multi-coin digital wallet, and public blockchain as a service (PBaaS) in the works. Those contributing to the project include a worldwide group of developers and volunteers.
Verus Coin is a technological project with the objective of providing a PBaaS. The platform introduces a consensus algorithm referred to as Proof of Power. It is a 50 percent PoW/50 percent PoS algorithm aiming to resolve problems plaguing PoS systems. Verus utilizes VerusHash 2.0, which is a quantum-resistant hash algorithm with the objective of bridging the performance gap found between CPUs, GPUs, and FPGAs. The project's vision is to enable automatic blockchain provisioning with PBaaS, offered by Verus miners and stakers. The project is advertised to be a community project, without an initial coin offering or pre-mine.
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Verus Coin (VRSC)
- Blockchain and cryptocurrencyTopics related to blockchain and cryptocurrency.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.