It has finally arrived! Blockchain technology has just about evolved far enough to allow Mass Adoption to start taking place.Blockchain 1.0: Currency (Bitcoin)
Blockchain 2.0: Smart Contracts
Blockchain 3.0: DApps (DApp is an abbreviated form for decentralized application)
Blockchain 4.0: Making blockchain easily scalable and interoperable!miketout Yesterday at 1:55 AM
./verus -chain=VRSCTEST getwalletinfo
{
"walletversion": 60000,
"balance": 50006719.64680906,
"unconfirmed_balance": 0.00000000,
"immature_balance": 2376.43783975,
"eligible_staking_balance": 2448.00010000,
"reserve_balance": [
{
"gold": 50360609.82510300
}
],
"txcount": 583,
"keypoololdest": 1588226832,
"keypoolsize": 101,
"paytxfee": 0.00010000,
"seedfp": "eb97da23375b5a38a684c21b3afc9070697d5223282bf7cfa19a517f3be2debd"
}
miketout Yesterday at 2:02 AM
The new testnet, which will be coming any day now (hopefully tomorrow),
will support both token currencies and token launches, as well as blockchain currencies and blockchain launches. We may release testnet first with only token launches before the blockchain launches are enabled to get people started testing tokens launching them, and sending them around.
Any ID can be used to launch a token with the "definecurrency" API.
Almost all of the same parameters for tokens apply to blockchains, but blockchains can emit coins,
merge mine (new limit of 22 blockchains at once from 15) and stake, have multi-currency fractional reserves, and support zero knowledge on the native currency of any chain.Tokens enable participation at launch in multiple currencies as a way to convert, so for example, if there is a USD token, BTC token, and VRSC coin, you could make a currency that can be purchased by any of those three prior to launch at a specified conversion rate.You can specify different conversion rates for each currency, as well as a minimum and maximum.
Each token or blockchain also has a start block on the VRSC chain. when that block is mined or staked, the currency will either start, and automatically send all of the participants their currency, or if the minimum targets are not met, all participation will be refunded in the original currency. These things happen automatically as part of the mining and staking process. There is a very small transfer fee that is taken for miners and stakers from transactions, even in the case of refunds.
Once a token or blockchain is created, you can send it on the chain it was created on, and you can also use it as one of the reserves in a multi-reserve currency blockchain. All blockchains get a corresponding token on the creating chain as well.
Tokens can be fully controlled by the blockchain and starting conditions, in which case the launch conditions determine the entire supply. They can also be controlled by the ID behind the token. In that case, the ID behind the token has the ability to mint new tokens. This can be used in the case of a centralized token that represents stable, centrally controlled reserves or assets.
Tokens can also be used for many other things, like tickets, weighted voting, games, etc. The type of token and whether it is centralized or not is specified at time of creation and cannot be changed. We are expecting to eventually make it easy to move from a token to a blockchain, but that will not be in the first PBaaS release.
All PBaaS chains will be able to create an unlimited number of IDs and tokens.
More info From Verus Discord
https://discord.gg/VRKMP2S
More infoMichael J Toutonghi --
https://thedailychain.com/the-verus-review-with-mike-toutonghi-2/Lead Developer
Former Vice President and Technical Fellow at Microsoft, recognized founder and architect of Microsoft's .Net platform, ex-Technical Fellow of Microsoft's advertising platform, ex-CTO, Parallels Corporation, experienced distributed computing and machine learning architect. ( from:
https://veruscoin.io/about )
---------------
A fully decentralized protocol with no company to take a cut along the way, any blockchain costs to launch a PBaaS project on Verus are paid directly to miners and stakers for verification, notarization, and initial conversion of Verus to the PBaaS reserve currency. Any range of the contributions to a reserve blockchain launch, from 0–100% of proceeds, can be transparently routed to the reserves of the fractional reserve currency, with the remainder being distributed, also transparently, as determined by those who launch the chain.
It’s important to understand that we are not building these technologies to just talk about them or claim that we did something. We strongly believe that the world needs Verus PBaaS and fractional reserve currencies. Some of us are helping exciting new projects work on use cases in addition to those described in the Verus vision paper, and we fully expect these projects to leverage PBaaS reserve technologies.
In one very powerful sense, the Verus reserve ecosystem will have no need for and no overhead imposed by money changers, a virtue that is going to be more and more important as it grows.READ MORE:
https://medium.com/veruscoin/verus-public-blockchains-as-a-service-fractional-reserve-currencies-274c8b3b3a94---------------
Verus And The Fight Against COVID-19
Earlier this week Mike Toutonghi, Microsoft’s former VP for the eHome division and Chief Architect of .Net, participated in a live town hall meeting held by the Asian Pacific American Task Force.
The Task Force is building a technological solution for gathering and storing data related to COVID-19 infections in a privacy-preserving manner. The solution involves storing attestations on the Verus chain in such a way that a user can determine when, to whom, and how much of the data they share.
READ MORE at:
https://thedailychain.com/verus-and-the-fight-against-covid-19/LINK TO PDF FROM
https://valu.earth/https://valu.earth/img/SkyviewPilot.pdf--------------
I realize there's a lot of information here and I hope you take the time to really go through this!
I personally wish I had a chance to be on the ground level of Bitcoin in its early days. I have been in the space for quite a while and this is the first time I really feel like something really revolutionary is just upon us!
What does everybody think?
Are you ready for Mass Adoption?
