I hope everybody's doing well and let me start off with this disclaimer, This is not Financial Advice, this is my personal opinion and please do your own homework.
I hope everyone is ready for the holidays and I wanted to make sure to tell you about the major mining opportunity happening on December 15th just in time for an early Christmas mining gift =)
Essentially what is happening is there's a block reward of 24 every minute and they're introducing an economy, which sells the names and the revenue from that goes to the miners and refers. We're expecting thousands if not tens of thousands of names to be purchased in the first few weeks. Therefore the block reward could be very large and I mean hundreds of dollars!
There's also referral program you can make money by referring people you do not need any hardware.
Major Cryptocurrency Mining Opportunity - Watch NOW!
https://youtu.be/mygBphTBYpE
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Read the Public Announcement below for more information.
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miketout 11/14/2019
@everyone As you may have noticed by reading various channels, we are going to roll out an upcoming massive set of capabilities that will enable the Verus vision in two consecutive network upgrades.
The fun begins tomorrow when we expect to start testing a brand new technology that will be imminently released to mainnet, which we call VerusID, or Verus Identity. Verus ID is a fully decentralized multi-purpose identity solution unlike any that has existed before. In fact, if the test plan for testnet goes well, we should be able to have an all platform mainnet release of Verus IDs by this weekend, which will contain support for mainnet identities that will fully activate November 30th, specific blockheight to be announced.
Until the actual mainnet activation, we will continue various identity and stress testing on testnet, as we work in parallel on a PBaaS multi-chain update to begin testing after November 30th, for another mainnet release before the end of the year. Tomorrow's expected testnet effort will disable PBaaS multi-chain, merge mining and reserves support currently on testnet and replace it with a new decentralized identity technology that will form the basis for new capabilities in PBaaS and across the Verus network.
Verus IDs are a completely new approach to identity that solves the typical kinds of challenges, such as secure authentication and a self-sovereign root of trust, as well as addresses unique challenges and risks that all cryptocurrency users face today. Have you ever thought of what would happen if you lost the keys you use regularly to access your crypto? Have you wondered how you might pass on all the crypto you normally use and stake to your family if something should happen to you unexpectedly? Perhaps you've become concered recently about the coming quantum supremacy and wonder if there is something you can do to prepare today?
Verus ID's address all of these problems in an elegant way and are the first decentralized identity technology to serve as everything from a recoverable, on-blockchain destination for your funds to identities that have the capability of proving your photo and with the participation of the right agencies, even various forms of photo, organizational, or government IDs as well. Verus IDs are:
1. Inherently multisig - each Verus identity can have one or more keys and one or more keys required for signing to spend.
2. Modifiable, transferrable and quantum ready - you may update the keys and even the number of keys at any time in an identity and once the transaction that does so is mined into the blockchain, all subspequent spends of transactions sent to that identity will require the new keys. In this way, the IDs are a form of quantum-ready destination, even though we have not yet implemented quantum signatures support. Whenever anyone, whether another community developer or I implement quantum signature support, and we do have a known way to do that, all funds sent to an identity that is upgraded to a quantum secure address will immediately require a quantum secure signature to be spent. This will apply to all transactions retroactively, no new transactions required for the funds to be secured.
3. Revocable and recoverable - each identity has 3 authorities and a private address. Although all three authorities can be the same, making loss of keys the same as today, they can be different identities as well. The three authorities are "primary", "revocation", and "recovery". The primary authority, which again can be multisig, may sign and spend on behalf of the identity. The revocation authority may not spend or sign on behalf of the identity, but it may revoke the primary authority and disable all transactions sent to that identity immediately. The recovery authority also may not spend or sign on behalf of the identity, but it may recover an already revoked identity.
4. Strong enough to provide KYC and governmental identity proof - Verus IDs may contain additional hashed commitments and can have public or private attestations that bind through hashing to specific parts of an identity, such as the hash of a passport photo, or as described in the vision paper, the merkle root of a tree of hashes of the elements of an ID, such as age, name, address, etc. validated, yet independently provable without necessarily disclosing the rest. Use in this way could enable tapping a digital photo ID to prove age, certification of some sort, or precinct location for voting, for example.
5. Discounted by referral - Verus IDs will cost Verus to acquire, 100 Verus per ID to be exact, which can be discounted to 80 Verus with referral of an existing Verus ID. The interesting twist is that all of the cost of an ID goes back into the network, either as referral fees, which are a way to get discounts or possibly even make money through referrals and built into the identity transactions themselves, or as mining and staking fees. No one besides people participating in the network as miners, stakers, or ID referrers take any proceeds from the cost of an identity. If you refer someone new and they purchase an ID with your ID as a referral, they will receive a 20% discount on the ID. In addition:
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a. You will receive 20 Verus directly
b. The person who referred you, if there is one, will receive 20 Verus
c. The person who referred person b, if there is one, will receive 20 Verus, and
d. The miner or staker will receive the remainder of the discounted 80 Verus cost
As you might expect from looking at the fact that anywhere from 20 to 100 Verus goes to miners and stakers of Verus for each new identity once identities hit mainnet, some Verus blocks may have VERY high rewards for some time. The best thing about that is that regardless of how much the Verus blockchain rewards miners over and above the pre-determined 24 coins per block reward, it will be as a result of the on-chain economy, paid for by people buying identities with no inflation of the money supply! If you or your friends missed the early days of the Verus launch, you don't want to miss this new opportunity to be mining or staking when Verus IDs activate on mainnet!
As with all of the Verus network, Verus identity technology is decentralized, self sovereign, and includes support for private transactions. allow anyone to create revocable, recoverable, quantum ready, decentralized identities that can be used to replace your normal use of addresses on the Verus blockchain and soon on all PBaaS and Verus reserve blockchains as well. We hope you will help us test Verus identities when they are available on testnet tomorrow and learn more about how they can better secure your own blockchain assets.
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