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Bithumb Global，we will hold a “Trading & Buying & Staking, WIN 140,000 VRSC !” event for community participation! https://support.bithumb.pro/hc/en-us/articles/360058913233--Event-Trading-Buying-Staking-WIN-140-000-VRSC-Come join us! To celebrate the new Verus exchange listing, Bithumb Global is giving away 140,000 VRSC in a series of contests, an amount worth $50,000 USD as of November 3rd and over $55,000, as of November 11th! The contest includes three events: 1) Trading competition – Participants can compete to have the highest accumulated trading volume with a minimum of 4,000 VRSC traded. The top 1500 traders will get a share of 53,500 VRSC in prizes. 2) Buying competition – If participants buy 500 VRSC or more, they earn bonuses of up to six percent. 3) Staking giveaway – After purchasing, participants can stake to earn even more in Event 3, choosing to lock their token for 30-60 days earning up to an additional 5 percent (30% Annual percentage yield). The contest starts when the listing is launched on November 11 at 4:00 EST / 9:00 UTC on Bithumb.pro. Participants can sign up to buy, trade and stake VRSC to earn thousands of dollars in Verus given away by the community. And before the contest, questions can be directed to Verus.io/discord. To ensure referral fees go to the Verus Coin Foundation, an independent, non-profit organization, funding by donations to support the Verus Project, its development, and community, users are encouraged to use the referral code 8jznat when making a new account. In addition to the contest giveaways, Verus and Bithumb are teaming up to offer an ‘Ask Me Anything’ (AMA) session, with Verus lead developer Mike Toutonghi, where participants can earn while learning about the open-source blockchain protocol designed for privacy, safety, open participation, and unlimited scalability. The event will be hosted for one hour starting on November 12 at 3 AM EST / 8 AM UTC on Bithumb’s Telegram channel https://t.me/bithumbglobal_EN |
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Decentralized Self Sovereign Identity with built-in - Human-Readable Names - Voting https://veruscoin.io/discord - Replace cryptocurrency addresses with a human readable name. The future of a decentralized, self-sovereign, quantum-ready, private ID, and global cryptocurrency that is ready for the world. It's your #identity upgraded and more for a digital world. It's VerusID VerusId make cryptocurrency user-friendly by replacing complicated blockchain wallet addresses with human-readable names. No more worrying about sending to the wrong address. Voting Messages Websites and More! Download the free software at Verus.io and register your Verus ID today. The VerusCoin Discord server: https://veruscoin.io/discordThe VerusCoin WIKI pages: https://wiki.veruscoin.ioVIDEO - https://youtu.be/EyC-EMiI4FM VIDEO - https://youtu.be/EyC-EMiI4FM |
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Protocol Improvements to Realize the Potential of DeFiAs decentralized finance, aka “DeFi”, emerges as a blockchain killer app with burgeoning demand, hopeful yield farmers, cross ecosystem liquidity, and a massive inflow of capital, we would all be wise to heed lessons of the past — centralization of financial systems occurs alongside a massive battle over who can front run who. Whether the front running is in the form of who has advantageous access to information or who has the benefit of seeing the order book last and influencing it before all orders have been executed, centralized financial markets are run by those with the most advantage. Decentralized finance means simply that — financial systems that operate with no presumptive center, no controlling institution, no centralized group of beneficiaries with an unfair advantage in the system’s operation. Ideally, decentralized systems are permissionless, secure, fair protocols that anyone can contribute to in exchange for a chance to earn and which benefit from increased user participation. If, in any system, a small number of self-reinforcing, centralized, defacto beneficiaries can figure out how to gain an advantage in controlling the system, such an advantage threatens the reality of true decentralization. As the Ethereum DeFi transaction volume approached $10 billion dollars this July, driving a total transaction volume of $12 billion on the Ethereum network, publishers of the research paper, FlashBoys 2.0 and website http://frontrun.me/, analyzed the Ethereum blockchain’s vulnerability to front running, and proved that significant amounts of money can be made by miners acting in pure self-interest via front running. For example, if a miner places a buy transaction just before another large buy transaction and a small sell transaction just after, they can extract some amount of profit via the difference between their buy and their sell caused by the buy between and its effect on the price. Today’s highest volume DeFi applications, built using the Ethereum VM and its model of interacting, serially executed contracts, experience some amount of this behavior today, and though the exact cost to honest market participants remains unclear, this extraction, estimated by some to be millions of dollars annually and much less than what it could devolve to, reduces efficiency of the most common DeFi solutions, incentivizing a de-facto centralization of control by sophisticated rent-seeking, possibly colluding participants. As capital continues to search for better DeFi solutions, Ethereum fees continue their climb to levels that price out more pedestrian dApp uses altogether and increasingly, DeFi systems are both taking the bulk of today’s blockchain “oxygen” and at the same time becoming inaccessible to smaller participants or transactions due to exorbitant minimum fees and associated costs. In the Verus Project’s DeFi solution, running in various forms on testnet since last year and nearing mainnet release, we have worked to address frontrunning and cross-system interoperability through a protocol that simultaneously solves many transactions at once in each block, effectively removing the concept of a “front” or “back” in the order of those transactions and providing a foundation of inherently improved efficiency and frontrunning resistance. In addition, the Verus DeFi protocol is part of a multi-currency, multi-blockchain, interoperable protocol referred to in the Verus Vision paper from June 2018 as Public Blockchains as a Service, or PBaaS. -Verus introduces identity and names, multiple currencies, multiple blockchains, and reserve or fractional relationships between currencies, both native and token, as first class concepts in the Verus blockchain consensus protocol. -The Verus DeFi protocols include a cross-currency and also cross-chain export, import, and conversion capability that can be implemented on other blockchains, and which combine cryptographic proofs and incentives to encourage maximum efficiency of both conversion and cross-chain export/import operations. Since conversions are solved simultaneously in each block of transactions, these protocols ensure fair and common prices to all market participants in each block. At that level of protocol, there is literally no “front” to run. As DeFi usage grows, the debates over solutions to frontrunning, blockchain congestion, and rising fees intensify, with a great deal of effort going to solve frontrunning without questioning the design patterns of the Ethereum platform. I would argue that the only real barrier to more efficient DeFi systems is that the industry is attempting to build robust, practical and scalable DeFi systems at the application level, rather than providing common, systems level DeFi protocols that can be used in the consensus layer itself. While most cryptocurrency developers take for granted that blockchain protocols assume the existence of a native currency, it is anathema to many blockchain developers to recognize the existence of multiple currencies and blockchains in the consensus protocol itself, including ways that currencies may relate to each other. Whether arguing that functionality beyond BTC script leads down a dark path of turing complete programmability and risk or that all functionality beyond the bare minimum should be built on a worldwide, turing complete VM with serialized transactions, there is plenty of religion to go around, few areas with broad agreement, and even fewer examples of alternative DeFi systems to the VM-based contracts and applications found on Ethereum. Of course, in any turing complete application platform, you can theoretically build any type of service or algorithm. That doesn’t mean that you should. The future of DeFi is the future of human money, and we are seeing the first real killer application beyond the concept of ICOs themselves emerge. Even so, the DeFi systems most used today have significant room for improvement. We, the cryptocurrency industry, must go beyond finding new ways to profit and build solutions to known front-running exploits, improve interoperability across networks, and focus on maximum fairness in protocols. We are experiencing an incredible time in history, and it is our collective opportunity to realize a human benefit that could eclipse the growth of the Internet, as it connects the world’s flow of capital itself directly to the public, through decentralized, self-sovereign networks. .
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 While much of the dialogue in the blockchain and crypto space dwells on record breaking increases in gas prices and fixes to scale Ethereum, developers are already coding historic technological advancements in the protocol layer that solve many of the issues and challenges the blockchain community is facing. These framework solutions are not leapfrogging current tech for a competitive, monopolizing advantage, but are building for collaboration, blockchain agnosticism and inclusive bridges with interoperable tools, so these systems can work more efficiently, together.
There are many projects making huge advancements in the areas of consensus algorithms, privacy, self sovereign identities, fractional reserve currencies and bonding curves, conversion, currency design and launch, but the space has yet to see a protocol that is simultaneously and expediently innovating on all of these layers and weaving the solutions together — until now. Democratizing the Protocol Layer & Public Blockchains as a ServiceIt launched without an ICO, without a pre-mine, and taking no development fees, and within 15 minutes of its announcement, it was mined and staked by thousands of network members worldwide. That was more than two years ago, and today, open-sourced Verus (Verus Coin.io) is on the leading edge of scalable blockchain technology that, although flying relatively underneath the radar, is having huge ripple effects on the space. The project is supported by contributors around the world and an independent non-profit foundation that offers bounties and aids in the decentralized building of technology by the community. It is in rapid development and has already actualized many parts of its vision for a rent-free blockchain framework that provides chain interoperability and can scale to the world. An Intergenerational AdvantageWhile many blockchain developers are still cutting their teeth on this technology, the lead developer of Verus has been around for a while. While Mike Toutonghi often shys from the limelight and shuns hype, it is worth telling that he is a seasoned web veteran who led Kernel development on Microsoft 95, and is also one of the founders of Microsoft’s Java efforts and .Net. Much like his days at Microsoft, where he was adding threads to operating systems where there were none, starting platform efforts that are now used by millions, or architecting data systems for Internet scale advertising, he similarly felt needed to help build the world’s future blockchain infrastructure. Toutonghi saw that chains needed to talk to each other, that consensus algorithms were not resilient enough, and so began by adding Custom Consensus (smart contracts) to Bitcoin script. The development pioneer went on to modify the core consensus rules and now Toutonghi, alongside his son and dozens of leading developers around the world, are pushing the limits even further, mitigating some of the biggest vulnerabilities and innovating solutions by doing what Toutonghi does best — inventing solutions, weaving across layers, and building bridges. READ MORE: https://medium.com/veruscoin/verus-testnet-release-marks-new-advancements-in-crypto-2701bf3e7c3 |
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Or Are Those Days Over? 
Bitcoin BTC would have to go to 10 Million dollars if it were to go up a 1000X and it would have to go to 20 Million dollars if it were to go up a 2000X!  Not saying its not possible BUT WHEN? So I am on the hunt for projects with a solid background, teams, revolutionary technology and the capability to execute it. What is on your list? Of course there lots of altcoins that have the possibility of doing a 100X BUT I am looking for the one that can GO Big!! I have a handful of projects on my radar But I'm really having a hard time finding one that checks all the boxes BUT One.Most importantly Decantralised, open-source, fairly launched, and with no ICO, or pre-mine, or even a dev fee. Ideally!!A Strong Team. Something that solve a BIG Problem just like Bitcoin did for finance. LIKE:  Digital Identities
Quantum Secure
 Interoperability
Cross-Chain Transactions
 Unlimited Scalability
Something to consider as well, can it even go up 1000X Or even 2000X What Do the Coin / Token Economics Look Like?Ideally you want something around a 100 million or less is better. If the max supply and the circulating supply are to large it will not do 1000X Is there a on-chain economy? Are there incentives for holders NOT to Sell as the price rises Like: Proof-of-Stake (PoS) or interest paid to holders. What is its inflation rate? Proof-of-Stake (PoS) Is it Proof-of-Work (PoW) or Proof-of-Stake (PoS) I realize there's a lot of things to consider when searching for the right project but it will be worth your homework! The Only Coin / Token that I can find that checks all the boxes is Verus! What is on your list?
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Congress Urges Treasury Secretary Mnuchin To Use Blockchain For COVID-19 Stimulus Payments On Tuesday, a letter from eleven Members of Congress to the Secretary of the Treasury was made public that urged Secretary Mnuchin to consider the use of blockchain technology to help in providing COVID-19 stimulus checks to Americans. With the high-profile nature of suggesting the U.S. Treasury could deliver money owed to the public with both speed and security as a result of using blockchain technology is the equivalent of the ‘Super Bowl’ of blockchain use cases for the private sector. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020 and provided for payments; however, timely delivery of the money to all who are entitled to the stimulus has proved a challenge. While 90 of the 150 million eligible individuals have received their payments as of April 17, the 60 million that remain include low-income families who do not normally file income tax returns and face issues with accessing basic financial services. More at: https://www.forbes.com/sites/jasonbrett/2020/05/02/congress-urges-treasury-secretary-mnuchin-to-use-blockchain-for-covid-19-stimulus-payments/#792abdb6471dWow This Big NEWS! What Do you Thank? |
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As governments are gearing up to have COVID-19 apps ready for contact tracing and diagnose attestations we, the public, are afraid these apps will end up compromising our privacy. Privacy In the blockchain communities I'm active this is a very hot topic. We should not just sit still and wait for the usual suspects to force intrusive apps on us. What we can do is carefully craft the alternatives which are designed for privacy and self sovereignty. Open Source The international team of The Verus project resides partly in The Netherlands and decided to extend the blockchain driven self sovereign digital ID VerusID with COVID-19 specific functions. To be clear, the whole Verus project is 100% open source. Dutch Ministry of Health, Welfare and Sport As I became enthusiastic about this effort I helped the project to apply to the Dutch Ministry of Health, Welfare and Sport for the what they call "market consultation". So good news! There is at least one 100% open source app in their market consultation. Read more at:https://www.linkedin.com/pulse/covid-19-app-without-compromise-bart-van-maarseveen |
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