What is VerusCoin (VRSC)?
VerusCoin (VRSC) is the native token of Verus. Verus is a free and open-source Layer 0/Layer 1 blockchain protocol. The platform is designed for privacy, safety, open participation, and unlimited scalability.
To ensure integrity and impartiality, Verus is supported by a worldwide community of contributors, including a non-profit foundation. The protocol combines the latest in cryptography, including zero-knowledge privacy, to realize its vision of Public Blockchain as a Service (PBaaS).
Verus allows any individual or organization to create a recoverable, self-sovereign identity, own their data, and build as well as run apps and business software on any PC or mobile platform. Users can also create tokens and currencies on top of blockchain networks for any use case. The protocol also enables users to get funding and create markets with built-in DeFi at the protocol level.
Verus introduces a new consensus mechanism called Proof-of-Power (PoP), a hybrid of Proof-of-Work (PoW) and Proof-of-Stake (PoS). By averaging to a desired percentage of blocks being validated by each type of evidence, validators can use PoP to validate each block using either PoW or PoS. Besides, due to the use of PoP, Verus is one of the most double-spend-resistant public blockchain networks currently available since it can withstand 51% of hash attacks.
VerusHash 2.0, a quantum-resistant hashing technique that spans the performance gap between CPUs, GPUs, and FPGAs, is also used in the protocol. The project's goal is to automate blockchain provisioning with PBaaS using Verus miners and stakers.
Use Cases of VRSC
For starters, holders of VerusCoin tokens can stake their assets to earn mining rights. Stakers and miners receive rewards for protecting the network. The more VerusCoin crypto you own, the more mining power you have.
VRSC is also used to power polls, votes, and elections using autochains. The autochains can be temporary or durable.
The token is also listed on some popular exchanges, so it can be traded. However, investors should research the VRSC price before buying or selling the tokens. The VerusCoin price may vary since it is a volatile asset. The live chart above shows the VRSC price history as well as the current token price.
Who Founded VerusCoin?
VerusCoin was created by a team of experts led by lead developer Michael Toutonghi. Toutonghi was the former vice president and technical fellow at Microsoft. He is a recognized founder and architect of Microsoft's .NET framework, an ex-Technical Fellow of Microsoft’s advertising platform, and an ex-CTO, of Parallels Corporation. Toutonghi is also an experienced distributed computing and machine-learning architect.
Tokenomics of VRSC
VerusCoin had a 100% fair launch, with no ICO or pre-mine. The token has a maximum supply of 83,540,184 VRSC. VRSC is designed to halve after every two years. Halvening regulates the number of tokens released to the ecosystem, to balance demand and supply. It protects the VerusCoin price.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
8.36K
Followers: 8,362
0.11%
Following
183
0.00%
Posts count
2,097
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
2.9K
Subscribers: 2,900
0.45%
Subreddit type
public
Moderators
4
0.00%
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
-
Title
-
Currently, official VerusCoin (VRSC) Telegram Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
37 / 100
2.63%
Ahrefs Rank
1,894,061
7.11%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
81
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
112
0.90%
Watchers
24
0.00%
Forks
76
0.00%
Language
C++
r/veruscoin hot topics
@veruscoin posts