v0.9.9-3

Announcing v0.9.9-3 - FULLY OPTIONAL UPDATE FOR MAINNET, MANDATORY UPDATE FOR CONTINUED TESTNET OPERATION

Mainnet Changes - no protocol changes

V0.9.9-3 introduces the prunespentwallettransactions CLI command and RPC API, providing a method for holders on testnet or mainnet of very large wallets to prune older spent transactions, which can improve performance for wallets that may be slowing down due to size. Thanks @himu007 for the PR! There are no mainnet protocol changes in v0.9.9-3 over the prior release.

What’s New for TestNet

This release includes an activation that allows a major upgrade to the testnet Ethereum bridge contracts that is both not expected to be needed again on testnet and not ever needed on mainnet with the new contract upgrade model. This upgrade should clear all known issues on the bridge to Goerli, meaning any remaining bridge transactions will be delivered, and the ETH bridge should then be fully functional.

The Path for PBaaS to Mainnet

This testnet has actually been through a lot already, more than we expected before mainnet, and this last experience, along with its full restoration of cross-chain and all function has been very useful and was the impetus for the Verus Oracle Notification technology. In the process of getting here, we implemented the necessary changes and fixes to get everything back on track, but we also have remnants of these events in the daemon, and on the final protocol, these are there to enable compatibility with the history of testnet, not because we need these upgrades on mainnet PBaaS. It gave us experience, increased confidence, and pushed us to develop a fast, decentralized network response capability. At the same time, it would be best for our code base, both on the Verus side and in the ETH contracts if that testnet history is removed from the code before mainnet activation. Doing so would make the next upgrade incompatible with today’s testnet and its earlier history.

As a result, we have decided that we will create one final testnet, but this time, we would do it a little differently than in the past. We will extend the pre-PBaaS upgrade on the existing testnet to a future date via the oracles. If you have started a chain and control the default oracle on any chain, please check the #pbaas-development channel for instructions on setting your oracle to extend the upgrade.

We will leave the current testnet running and fully functional, as we prepare the next release, which we expect to be ready for a mainnet PBaaS activation. We will effectively abandon this testnet and leave it running long enough to overlap with the next and final testnet instance before PBaaS release. You should be able to actually send currencies over from the first testnet to the second via Ethereum’s Goerli testnet, even map some VRSCTEST-CLASSIC or something else through the bridge, but we do not intend to update that daemon again, or continue to run nodes or notaries on the old test network for more than a couple weeks after the new testnet goes live.

Thanks for all your help and contributions, both already made and those to come for this historic upcoming release!

Additional Verus Capabilities

• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming
• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables identities to be locked, preventing any funds under their control from being spent while locked, but still allowing seamless staking of funds. When locked, a user specifies an unlock delay, typically long enough to notice when someone who might have compromised a user’s keys would have to unlock the ID before spending. The only way to circumvent the unlock delay is to revoke and recover an ID. Users may also choose to create and use fresh private keys when unlocking an ID as well. This enables virtually theft proof workflow and a solution to inheritance, trusts, vesting schedules, the 5$ wrench attack, and identity theft. IDs may be used as friendly name cryptocurrency addresses for all currencies on all Verus PBaaS blockchains in the Verus network. The VerusID protocol is a protocol, which can also be implemented on non-Verus systems.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming

• Enables any user with an ID to create their own token currency or even full fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it. All PBaaS chains run from the same daemon, and projects may choose to join the worldwide Verus community in improving the daemon. In doing so, they will start with a complete, multi-currency, ID-capable blockchain with DeFi capabilities that is merge-mineable and stakeable with other blockchains in the Verus network.

Consensus integrated DeFi liquidity pools and fractional currency baskets

• Any ID owner may define Verus DeFi fractional basket currencies with one or more asset currencies backing the liquidity pool at a fractional percentage ranging from 5% to 100% backing. The Verus DeFi protocol ensures that all curren...

v0.9.9-2

Announcing v0.9.9-2 - CRITICAL SECURITY UPDATE FOR MAINNET AND REQUIRED UPDATE TO RESUME SUCCESSFUL MERGE MINING NOTARIZATION ON TESTNET

Important Mainnet Security Updates**

v0.9.9-2 introduces new mitigation code for the Rab13s vulnerability, announced by Halbourne 3 days ago as a zero day vulnerability in over 280 blockchains, including Zcash and Verus, that could allow someone to attack and bring down specific nodes that they may target through exhausting the node’s resources. The Verus fix adapts a fix implemented in Zcash that also does a better job of preserving privacy while gossiping transactions around the network by making it harder to track their node of origin via listening nodes.

This release also includes an important update of the OpenSSL library, which Verus uses for encrypted node connections and addresses a buffer overflow vulnerability in that library.

What’s New for TestNet

This release re-enables cross-chain notarization, and represents the completion of a great deal of learning from the first roll out of auto notarization. Basically, we encountered two issues:

1. There was a notarization bug in a significantly updated approach that caused notarizations to fork, effectively simulating a worst case, unmitigated attack on the notarization system. While that did not cause the system to fail per se, it resulted in the generation of many perceived, although not real, notarization forks on the network.

2. Due to our effort to err on the side of more evidence than we believed was sufficient with auto notarization, then optimize to reduce the proofs required, the protocol was simply taking too long and generating too large proofs to be reasonable, required, or what we need on mainnet in any real scenario.

As a result, we will take a few days to change some parameters in the auto notarization protocol that will both reduce the total and maximum amount of proof required, as well as provide a sufficient level of cryptographic proof, similar in strength to the current proof model with more efficient and selective proof choices. We don’t expect this important step to take long, and until then, we will leave testnet on the pre-PBaaS to mainnet preparatory state.

The good news is that since we have the new Verus Notification Oracle technology, we can enable everyone running on the current testnet to remain connected as all cross-chain transactions to and from PBaaS chains will resume flowing. We are still seeing an error in BridgeKeeper, but since this release includes a mainnet security update and addresses all other known issues on testnet, we’ll release this immediately and update Bridgekeeper as soon as possible. In order to merge mine PBaaS chains with Verus or the Ethereum bridge to Goerli going forward, you will need to update to v0.9.9-2, which everyone should run for mainnet anyhow.

Once you update, please feel free to resume merge mining all PBaaS chains and Verus. You will need to wait for the BridgeKeeper update to be able to merge mine and stake with Ethereum’s Goerli.

Thanks for all your testing! We’ve learned a great deal from this upgrade, and although it may feel like a delay that we took the time to learn and address it in place on the public network before moving on, this learning and consequent hardening will ensure the mainnet release will be more hardened than ever. Next steps are to upgrade auto notarization to be resilient to anything like this level of buildup over weeks automatically and prepare the mainnet release. Join us in testing everything in the #pbaas-development channel. Contribute as you learn and build, and let's all make history together!

Additional Verus Capabilities

• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming
• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables identities to be locked, preventing any funds under their control from being spent while locked, but still allowing seamless staking of funds. When locked, a user specifies an unlock delay, typically long enough to notice when someone who might have compromised a user’s keys would have to unlock the ID before spending. The only way to circumvent the unlock delay is to revoke and recover an ID. Users may also choose to create and use fresh private keys when unlocking an ID as well. This enables virtually theft proof workflow and a solution to inheritance, trusts, vesting schedules, the 5$ wrench attack, and identity theft. IDs may be used as friendly name cryptocurrency addresses for all currencies on all Verus PBaaS blockchains in the Verus network. The VerusID protocol is a protocol, which can also be implemented on non-Verus systems.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming

• Enables any user with an ID to create their own token currency or even full fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it. All PBaaS chains run from the same daemon, and projects may choose to join the worldwide Verus community in improving the daemon. I...

v0.9.9-1

Announcing v0.9.9-1, MANDATORY FOR TESTNET, no mainnet changes

This release implements a fix for communication with BridgeKeeper for the Testnet Goerli Ethereum Bridge, as well as edge-case notarization improvements. We need every testnet participant to upgrade to this version as soon as possible to resume notarizations for the ETH bridge and the pbaas chains. Once enough people upgrade, the testnet upgrade can be broadcasted via oracle and we can get closer to getting pbaas on mainnet.

Additional Verus Capabilities

• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming
• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables identities to be locked, preventing any funds under their control from being spent while locked, but still allowing seamless staking of funds. When locked, a user specifies an unlock delay, typically long enough to notice when someone who might have compromised a user’s keys would have to unlock the ID before spending. The only way to circumvent the unlock delay is to revoke and recover an ID. Users may also choose to create and use fresh private keys when unlocking an ID as well. This enables virtually theft proof workflow and a solution to inheritance, trusts, vesting schedules, the 5$ wrench attack, and identity theft. IDs may be used as friendly name cryptocurrency addresses for all currencies on all Verus PBaaS blockchains in the Verus network. The VerusID protocol is a protocol, which can also be implemented on non-Verus systems.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming

• Enables any user with an ID to create their own token currency or even full fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it. All PBaaS chains run from the same daemon, and projects may choose to join the worldwide Verus community in improving the daemon. In doing so, they will start with a complete, multi-currency, ID-capable blockchain with DeFi capabilities that is merge-mineable and stakeable with other blockchains in the Verus network.

Consensus integrated DeFi liquidity pools and fractional currency baskets

• Any ID owner may define Verus DeFi fractional basket currencies with one or more asset currencies backing the liquidity pool at a fractional percentage ranging from 5% to 100% backing. The Verus DeFi protocol ensures that all currency conversions that use a particular liquidity pool and are mined into one block are solved and priced simultaneously, addressing the problems of miner extracted value (MEV) and front-running, while providing fee-based DeFi integrated incentives to miners and stakers, ensuring smooth consensus operation and fee conversion capabilities by integrating DeFi liquidity pools directly into the consensus and cross-chain bridge protocols.

Simultaneous blockchain and blockchain liquidity pool launches

• Launch of a world class, worldwide, merge-mineable blockchain along with a fully decentralized or centralized “bridge” converter liquidity pool as part of defining a new blockchain. Bridge converter currencies have the same flexibility as other fractional 100% asset backed or partially asset backed currencies, but is bound to the launch of the new blockchain, runs on the new blockchain, and all fees generated via cross chain fee conversions or general use of the liquidity pool are earned on the new blockchain with no rent going back to the Verus blockchain, only seamless connectivity.

Blockchain-based, crowdfunding currency launches with minimum participation or automatic refunds, including for dual launches (blockchain and bridge)

• Set required minimum levels of worldwide participation in your preferred currencies on chain. If by the start time of your blockchain, minimums are not met, all participants will automatically get a refund of all of their pre-conversions, less the network fees. The launch options also provide for maximum participation in one or more currencies, pre-launch discounts, price neutral pre-allocations to select IDs that increase the fractional reserve ratio to issue currencies, similarly price neutral carve-outs of proceeds, and pre-launch discounts for early participants. Using VerusIDs, launches can also include vesting schedules in the pre-allocations as well.

An interoperable, multichain network for new use cases and unlimited scale**

• The Verus multi-currency, multi-chain network allows the creation of an unlimited number of interoperable blockchains in the Verus network. Notary IDs, specified at chain definition, provide decentralized blockchain-specific bridge confirmation, enabling public blockchains available to the world for merge mining and staking, as well as private, internal blockchains, which are easy to setup with easy bridging of public currencies into an organization and onto their internal private network and back, with all features and currencies of the public chain but none of the access. There is no limit on the number of blockchains that may continuously operate and interoperate on the Veru...

v0.9.9

Announcing v0.9.9 - PBaaS Mainnet Preparation Release, MANDATORY FOR MAINNET AND CONTINUED TESTNET USE

What’s New

There is so much new and important in v0.9.9, and we are so close to the mainnet PBaaS release that this is a hard announcement to keep to a digestible size. Key points:

1. Preparing for #LaunchPBaaS: v0.9.9 is MANDATORY, meaning that you will need to upgrade to this release ASAP to stay reliably connected to mainnet after the first preparatory PBaaS upgrade is triggered, both for testnet and mainnet. While the current deadline for being upgraded is in 1 week, it is a soft fork that we would like to activate as soon as possible, and if we can believe that we have more than 50% of the validating network updated earlier than 1 week, we will trigger the activation with our Oracle Notification Technology described in 2. (Mainnet + Testnet)

2. Enabling Seamless Decentralized Network Upgrades: This release includes a Verus invention of consensus-capable oracle notifications built into the core protocol, which enable dynamic coordinated consensus changes that can be triggered at a time decided after the actual release which enables them, all without any compromise on decentralization. The Verus Community may decide that we are ready to go earlier than one week on this upgrade and activate it, even before its scheduled time. The good news is that this first test upgrade will primarily affect testnet and prepare for the mainnet PBaaS upgrade, so it is a perfect test case for a mainnet test run before we #LaunchPBaaS. This release actually has the ability to upgrade mainnet to PBaaS, but we believe it is prudent to have at least some time on this new protocol on testnet before the v1.0 release, which will upgrade mainnet. If we make no additional changes to the protocol in this release, which we do not intend to do at this time, this version may be able to follow the v1.0 upgrade. If we determine that it cannot, the oracle upgrade technology will enable the daemon to recognize that it is not capable and request that the user upgrade to a newer version without requiring a bootstrap for the upgrade. (Mainnet + Testnet)

3. This upgrade fixes all known testnet issues with no reset: Using v0.9.9, you should be able to sync fully and resume all cross-chain operations on the Verus test network, if you were not able to perform cross-chain operations or sync to the network on the prior version. As mentioned, someone seems to have mined with an intermediate version along the way on testnet and made the network unavailable without a bootstrap on the older daemon. This version should fix that issue as well as any cross-chain difficulties. Auto-notarization will be enabled on testnet in sync when the testfork executes. Until then, all witnessed cross-chain operations should be able to resume, if they have had difficulty. (Testnet until the #LaunchPBaaS release)

4. Bridging Blockchain Networks Without Witnesses: v0.9.9 is the first release of any blockchain protocol anywhere that we know of which enables cryptographically provable, cross-chain bridging across Verus and all PBaaS and other connected blockchains in the network, either combined with or independent of the need for notary witnesses. With notary witnesses, cross-chain transactions complete faster, but they are also checked against cryptographic evidence, making it difficult to impossible for anyone, including notary witnesses to take any action, even colluding with validators that would go against the wishes of the most chain power. We have been referring to this new cross-chain consensus technology as “auto-notarization”, as that is what it actually is, but it would also be accurate to call it Proof of Proof of Power, as that is how it works. For purposes of ensuring everyone understands the state of the technology, it is fully functional and we have taken great care to ensure it is sufficiently secure, but we have not yet had the protocol proven to an academic standard. Because of that, while it provides a security fall-back against misbehaving notary witnesses and will be fully functional and we believe sufficiently secure without notary witnesses on release, we currently recommend toconsider the protocol unproven at this time and that any serious PBaaS chains be launched with operational notary witnesses until further notice.

   Using “notarizationprotocol”:1, which is also the default, a chain launch can specify notary witnesses that will be used when they do their job. Even if they stop witnessing for any reason, the protocol will fail-over to auto-notarization, ensuring that cross-chain transactions still function as expected, even if just for people to move their assets to another blockchain, although significantly more slowly and based solely on cryptographic proof and challenge resolution between merge miners and stakers. This cross-chain proof and challenge protocol operates even when witnesses are also operating and if miners and stakers continue to prove a more powerful chain than the one witnesses represent, the most powerful chain can still be confirmed. (Testnet until the #LaunchPBaaS release)

5. Expanding L1 VerusID APIs: This release provides a major enhancement to the identity content multimap support with two new APIs, getidentityhistory and getidentitycontent that provide real-time mempool access and also introduce self-sovereign delete operations to identity content that can be used by applications, making it easy for applications to index, organize, and aggregate an unlimited amount of user content referenced by an identity and made available to the application. This is the technology we used for oracle upgrade notifications, as all of this is available at L1, making it possible to imagine future protocols that can deal smoothly with diverse community opinions worldwide, but always respect the sovereignty and decisions of all members on the network. (Testnet until the #LaunchPBaaS release)

6. Introducing Restricted VerusID Staking for PBaaS Chains: This release enables the stretch goal of restricted ID staking as an option for launching PBaaS chains. This option means that on such a PBaaS chain, only funds controlled by IDs with a parent of that PBaaS chain may stake blocks on that chain. When combined with restricted forms of ID issuance, whether approval or referral required and/or referral rewards, this capability opens up an entire new area for public/private blockchains and applications, as well as government, voting security, corporate, or organizational use cases.(Testnet until the #LaunchPBaaS release)

Additional Verus Capabilities

• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming
• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even con...

v0.9.6-2

v0.9.6-2, CRITICAL UPDATE FOR MAINNET
This release contains a critical update for the Verus daemon. This version does not support testnet, but a future version will be released shortly to support it. For more information on running testnet, please refer to the previous release or the next one.

Additional Verus Capabilities

• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming
• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables identities to be locked, preventing any funds under their control from being spent while locked, but still allowing seamless staking of funds. When locked, a user specifies an unlock delay, typically long enough to notice when someone who might have compromised a user’s keys would have to unlock the ID before spending. The only way to circumvent the unlock delay is to revoke and recover an ID. Users may also choose to create and use fresh private keys when unlocking an ID as well. This enables virtually theft proof workflow and a solution to inheritance, trusts, vesting schedules, the 5$ wrench attack, and identity theft. IDs may be used as friendly name cryptocurrency addresses for all currencies on all Verus PBaaS blockchains in the Verus network. The VerusID protocol is a protocol, which can also be implemented on non-Verus systems.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming

• Enables any user with an ID to create their own token currency or even full fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it. All PBaaS chains run from the same daemon, and projects may choose to join the worldwide Verus community in improving the daemon. In doing so, they will start with a complete, multi-currency, ID-capable blockchain with DeFi capabilities that is merge-mineable and stakeable with other blockchains in the Verus network.

Consensus integrated DeFi liquidity pools and fractional currency baskets

• Any ID owner may define Verus DeFi fractional basket currencies with one or more asset currencies backing the liquidity pool at a fractional percentage ranging from 5% to 100% backing. The Verus DeFi protocol ensures that all currency conversions that use a particular liquidity pool and are mined into one block are solved and priced simultaneously, addressing the problems of miner extracted value (MEV) and front-running, while providing fee-based DeFi integrated incentives to miners and stakers, ensuring smooth consensus operation and fee conversion capabilities by integrating DeFi liquidity pools directly into the consensus and cross-chain bridge protocols.

Simultaneous blockchain and blockchain liquidity pool launches

• Launch of a world class, worldwide, merge-mineable blockchain along with a fully decentralized or centralized “bridge” converter liquidity pool as part of defining a new blockchain. Bridge converter currencies have the same flexibility as other fractional 100% asset backed or partially asset backed currencies, but is bound to the launch of the new blockchain, runs on the new blockchain, and all fees generated via cross chain fee conversions or general use of the liquidity pool are earned on the new blockchain with no rent going back to the Verus blockchain, only seamless connectivity.

Blockchain-based, crowdfunding currency launches with minimum participation or automatic refunds, including for dual launches (blockchain and bridge)

• Set required minimum levels of worldwide participation in your preferred currencies on chain. If by the start time of your blockchain, minimums are not met, all participants will automatically get a refund of all of their pre-conversions, less the network fees. The launch options also provide for maximum participation in one or more currencies, pre-launch discounts, price neutral pre-allocations to select IDs that increase the fractional reserve ratio to issue currencies, similarly price neutral carve-outs of proceeds, and pre-launch discounts for early participants. Using VerusIDs, launches can also include vesting schedules in the pre-allocations as well.

An interoperable, multichain network for new use cases and unlimited scale**

• The Verus multi-currency, multi-chain network allows the creation of an unlimited number of interoperable blockchains in the Verus network. Notary IDs, specified at chain definition, provide decentralized blockchain-specific bridge confirmation, enabling public blockchains available to the world for merge mining and staking, as well as private, internal blockchains, which are easy to setup with easy bridging of public currencies into an organization and onto their internal private network and back, with all features and currencies of the public chain but none of the access. There is no limit on the number of blockchains that may continuously operate and interoperate on the Verus network. While there is some overhead for cross notarization, the model for the Verus blockchain network is fractal, enabling an unlimited number of simultaneously operating, interoperable blockchains....

v0.9.6-1

v0.9.6-1, RECOMMENDED UPDATE FOR MAINNET, CRITICAL FOR CONTINUED TESTNET AND ETHEREUM BRIDGE (GOERLI) USE

What’s New
THERE IS NO TESTNET RESET, AND ALL OTHER NOTES REMAIN THE SAME AS LAST RELEASE.

v0.9.6-1 has no mainnet changes and fixes the following testnet issues:

• Fault when initiating mining and staking on a small number of machines
• Sync from scratch issues on testnet

This release fixes all reported issues in all community testing. There are no protocol changes, and no known changes required. All network functions should work as intended.

Verus PBaaS and DeFi RC6 - BUG BOUNTIES

At this time, we are not aware of any bugs or errors in the DeFi, ID, or PBaaS cross chain protocols on this version of testnet. We do not anticipate any changes to the PBaaS protocol before mainnet release, and we hope you will join us on testnet trying out all of the incredible capabilities and looking for any potential, remaining issues that can possibly be found before mainnet release. While we don’t expect it to be easy to find bugs in the protocol, The Verus Coin Foundation is offering a bounty of at least 500 VRSC (possibly more for security related reports) for the first 10 people (3 still unclaimed) who are first to report any actual protocol bug before mainnet release, meaning failure of a properly executed command or API on a functioning VRSCTEST or PBaaS chain to function as intended. If anyone is first to find and describe the exploit for an exploitable security hole in any part of the protocol, the bounty will be a minimum of 1,000 VRSC, and for a serious potential security issue, 10,000 $VRSC.

If you have reported a bug, since the bounties for the 0.9.5+ versions were announced, you are on the list, and someone from the Foundation will reach out to you in the near future.

The rest of these release notes are the same as the prior release. We encourage you to drop by the #pbaas-development channel, help the community prepare for mainnet release this coming week, and start building your vision today!

Testnet Reset

To reset your testnet make sure Verus is closed (and no testnet daemon running) and delete the following directories, then restart the testnet daemon (or relaunch Verus Desktop, deactivate verustest and re-add verustest native):

• Linux: ~/.komodo/vrsctest, ~/.verustest
• Mac OS: ~/Library/Application Support/Komodo/vrsctest, ~/Library/Application\ Support/VerusTest
• Windows 10: %AppData%\Roaming\Komodo\vrsctest\, %AppData%\Roaming\VerusTest or %AppData%\Komodo\vrsctest\, %AppData%\Roaming\VerusTest

Additional Verus Capabilities

• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming
• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables identities to be locked, preventing any funds under their control from being spent while locked, but still allowing seamless staking of funds. When locked, a user specifies an unlock delay, typically long enough to notice when someone who might have compromised a user’s keys would have to unlock the ID before spending. The only way to circumvent the unlock delay is to revoke and recover an ID. Users may also choose to create and use fresh private keys when unlocking an ID as well. This enables virtually theft proof workflow and a solution to inheritance, trusts, vesting schedules, the 5$ wrench attack, and identity theft. IDs may be used as friendly name cryptocurrency addresses for all currencies on all Verus PBaaS blockchains in the Verus network. The VerusID protocol is a protocol, which can also be implemented on non-Verus systems.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming

• Enables any user with an ID to create their own token currency or even full fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it. All PBaaS chains run from the same daemon, and projects may choose to join the worldwide Verus community in improving the daemon. In doing so, they will start with a complete, multi-currency, ID-capable blockchain with DeFi capabilities that is merge-mineable and stakeable with other blockchains in the Verus network.

Consensus integrated DeFi liquidity pools and fractional currency baskets

• Any ID owner may define Verus DeFi fractional basket currencies with one or more asset currencies backing the liquidity pool at a fractional percentage ranging from 5% to 100% backing. The Verus DeFi protocol ensures that all currency conversions that use a particular liquidity pool and are mined into one block are solved and priced simultaneously, addressing the problems of miner extracted value (MEV) and front-running, while providing fee-based DeFi integrated incentives to miners and stakers, ensuring smooth consensus operation and fee conversion capabilities by integrating DeFi liquidity pools directly into the consensus and cross-chain bridge protocols.

Simultaneous blockchain and blockchain liquidity pool launches

• Launch of a world class, worldwide, merge-mineable blockchain along w...

v0.9.6

Announcing v0.9.6, HIGHLY RECOMMENDED UPDATE FOR MAINNET, MANDATORY FOR NEW, RESET TESTNET AND ETHEREUM BRIDGE (GOERLI) USE

v0.9.6 RESETS TESTNET AND COMPLETES ALL PROTOCOL UPDATES FEATURES AND CAPABILITIES EXPECTED FOR THE MAINNET PBAAS UPGRADE. WE DO NOT HAVE ANY NEAR TERM PLAN FOR ANOTHER TESTNET RESET AFTER THE v0.9.6 UPGRADE.

IF YOU HAVE USED TESTNET WITH VERSIONS PRIOR TO v0.9.6, MAKE SURE TO DELETE AND CLEAR ANY EXISTING TESTNET DATA FOLDERS AS DESCRIBED IN THE RELEASE NOTES LINKED BELOW.

What’s New

For mainnet, v0.9.6 fixes the following issues:

• An error in fee calculation that can result in nodes having difficulty accepting large, complex transactions with many z-outputs into their mempools.
• Marketplace offers were not showing up properly under getoffers.
• When using the -privatechange wallet option with a private change address, attempts to make marketplace offers could fail.

For testnet, v0.9.6 adds the following:

• Caching and performance improvements for advanced PBaaS functions, providing enough performance to keep high transaction bandwidth and/or cross-chain throughput under load for each chain.
• Most hardening required for the mainnet release.
• The Verus/Ethereum Bridge! v0.9.6 includes the upgraded Ethereum bridge to the Goerli testnet live with all bridgekeeping, Ethereum Gas price tracking, and reward incentive capabilities for miners and stakers. Rewards for bridgekeeping are delivered both on Verus and on the Ethereum blockchain. Access the Ethereum bridge website (https://ethtest.verus.services) to move over some Goerli Ethereum or USDC, and participate in the Bridge.vETH liquidity basket launch to hold and earn fees on a basket with vETH, USDC, and VRSCTEST used as the fee converter for all cross chain transactions between Ethereum’s Goerli and VRSC testnets.

v0.9.6 also includes support for new parameters -arbitragecurrencies=[“VRSCTEST”,”vETH”] and -arbitrageaddress=valid R-address, pubkey, or ID. They’re exciting, but don’t try to use them just yet. They are for testing right now, and are preparing for an “auto-arbitrage” feature already supported in the protocol, but which we hope to have in the daemon before mainnet PBaaS activation that combines decentralized on-chain marketplace offers for currency with liquidity basket import processing to provide miners and stakers the opportunity to commit some amount of funds from their node wallet in common currencies to spot and leverage guaranteed arbitrage opportunities when making a block. These opportunities arise between orders on chain and liquidity basket pricing that if leveraged to earn, actually result in P2P crowdsourcing of liquidity for all baskets across the network, both from the blockchain itself as well as miners and stakers, while benefiting all participants in the following ways:

• Miners and stakers can capture guaranteed arbitrage opportunities and arbitrage with any currency that they choose from their wallets.
• Blockchain users can set limit orders and have them filled if they are near the market price for a currency, or if the market moves in their direction.
• LPs and users of liquidity baskets for conversion get as close to market prices as possible on their conversions, never releasing funds from a basket before an on-chain, MEV-resistant auction takes place for the pricing of those assets.

Although this release is likely to be robust enough for a mainnet, we have come this far with quality and will not rush for a few days earlier upgrade. We still plan to review and complete a small number of hardening items before PBaaS 1.0 is ready for its mainnet release.

That said, this release fixes all reported issues in all community testing. Community developers, including myself are grateful for all of the testing many have contributed to to date. It has made it possible to get incredible test coverage across all network capabilities, and we appreciate all of your participation and pushing of boundaries. This release is expected to be the final PBaaS protocol that will be released on mainnet. There are no known changes required, and all functions should work as intended.

The rest of these release notes are the same as the prior release. We encourage you to drop by the #pbaas-development channel, help the community prepare for mainnet release in the next couple weeks and start building your vision today!

Verus PBaaS and DeFi RC6 - BUG BOUNTIES

At this time, we are not aware of any bugs or errors in the DeFi, ID, or PBaaS cross chain protocols on this version of testnet. We do not anticipate any changes to the PBaaS protocol before mainnet release, and we hope you will join us on testnet trying out all the incredible capabilities and looking for any potential, remaining issues that can possibly be found before mainnet release. While we don’t expect it to be easy to find bugs in the protocol, The Verus Coin Foundation is offering a bounty of at least 500 VRSC (possibly more for security related reports) for the first 10 people (7 still unclaimed) who are first to report any actual protocol bug before mainnet release, meaning failure of a properly executed command or API on a functioning VRSCTEST or PBaaS chain to function as intended. If anyone is first to find and describe the exploit for an exploitable security hole in any part of the protocol, the bounty will be a minimum of 1,000 VRSC, and for a serious potential security issue, 10,000 $VRSC.

Testnet Reset

To reset your testnet make sure Verus is closed (and no testnet daemon running) and delete the following directories, then restart the testnet daemon (or relaunch Verus Desktop, deactivate verustest and re-add verustest native):

• Linux: ~/.komodo/vrsctest, ~/.verustest
• Mac OS: ~/Library/Application Support/Komodo/vrsctest, ~/Library/Application\ Support/VerusTest
• Windows 10: %AppData%\Roaming\Komodo\vrsctest\, %AppData%\Roaming\VerusTest or %AppData%\Komodo\vrsctest\, %AppData%\Roaming\VerusTest

Additional Verus Capabilities

• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming
• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that ...

v0.9.5-2

Announcing v0.9.5-2, RECOMMENDED UPDATE FOR MAINNET - CRITICAL FOR CONTINUED TESTNET USE

YOU MUST BE UPDATED TO v0.9.5 OR LATER BY BLOCK 2291830, AT APPROXIMATELY 11:00 PM UTC, SATURDAY, NOVEMBER 19th, 2022 TO RELIABLY STAY SYNCHRONIZED TO THE VERUS MAINNET. WHILE THERE MAY BE A MAINNET PBAAS UPGRADE BEFORE THAT DATE, WE RECOMMEND THAT IF YOU HAVE NOT UPGRADED YET, THAT YOU DO SO NOW.

As with all v0.9.5-* releases, this release updates the Komodo notaries to season 6, with an activation height of 2291830, at approximately 11:00 PM UTC, Saturday, November 19th, 2022.

What’s New

For mainnet, this release labels spendable transactions for the getaddressutxos RPC API, which is used by Verus Mobile. This update is critical for users that have not upgraded to v0.9.5+ before block 2291830.

For testnet, v0.9.5-2 introduces minor notarization fixes that will be important for those intending to launch and witness PBaaS chains.

Ethereum Bridge

Although its deployment has been delayed, there are no technical blockers, and we still expect the Ethereum bridge to be brought back up on the new Verus testnet within the next day or two. When it is up, you can access the Verus <-> Ethereum testnet bridge here: https://ethtest.verus.services/, and use your metamask to convert or send cross-chain to the Verus network from Ethereum's Goerli. To use these features you will need to get some Goerli Ethereum, either from a faucet or via the Verus testnet liquidity baskets on Verus.

The rest of these release notes are the same as the prior release. We encourage you to drop by the pbaas-development channel, help the community prepare for the imminent mainnet release of the PBaaS upgrade and start building your vision today!

Verus PBaaS and DeFi RC5 - BUG BOUNTIES

At this time, we are not aware of any bugs or errors in the DeFi, ID, or PBaaS cross chain protocols on this version of testnet. We do not anticipate any changes to the PBaaS protocol before mainnet release, and we hope you will join us on testnet trying out all of the incredible capabilities and looking for any potential, remaining issues that can possibly be found before mainnet release. While we don’t expect it to be easy to find bugs in the protocol, The Verus Coin Foundation is offering a bounty of at least 500 VRSC (possibly more for security related reports) for the first 10 people (7 still unclaimed) who are first to report any actual protocol bug before mainnet release, meaning failure of a properly executed command or API on a functioning VRSCTEST or PBaaS chain to function as intended. If anyone is first to find and describe the exploit for an exploitable security hole in any part of the protocol, the bounty will be a minimum of 1,000 VRSC, and for a serious potential security issue, 10,000 $VRSC.

Testnet Reset

To reset your testnet make sure Verus is closed (and no testnet daemon running) and delete the following directories, then restart the testnet daemon (or relaunch Verus Desktop, deactivate verustest and re-add verustest native):

• Linux: ~/.komodo/vrsctest, ~/.verustest
• Mac OS: ~/Library/Application Support/Komodo/vrsctest, ~/Library/Application\ Support/VerusTest
• Windows 10: %AppData%\Roaming\Komodo\vrsctest\, %AppData%\Roaming\VerusTest or %AppData%\Komodo\vrsctest\, %AppData%\Roaming\VerusTest

Additional Verus Capabilities

• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming
• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables identities to be locked, preventing any funds under their control from being spent while locked, but still allowing seamless staking of funds. When locked, a user specifies an unlock delay, typically long enough to notice when someone who might have compromised a user’s keys would have to unlock the ID before spending. The only way to circumvent the unlock delay is to revoke and recover an ID. Users may also choose to create and use fresh private keys when unlocking an ID as well. This enables virtually theft proof workflow and a solution to inheritance, trusts, vesting schedules, the 5$ wrench attack, and identity theft. IDs may be used as friendly name cryptocurrency addresses for all currencies on all Verus PBaaS blockchains in the Verus network. The VerusID protocol is a protocol, which can also be implemented on non-Verus systems.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming

• Enables any user with an ID to create their own token currency or even full fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it. All PBaaS chains run from the same daemon, and projects may choose to join the worldwide Verus community in improving the daemon. In doing so, they will start with a complete, multi-currency, ID-capable blockchain with DeFi capabilities that is merge-mineable and stakeable with other blockchains in the Verus network.

Consensus integrated DeFi liquidity pools and fractional currency baskets

• Any ID owner may define Verus DeFi fractional bas...

v0.9.5-1

Announcing v0.9.5-1, CRITICAL UPDATE FOR MAINNET MANDATORY FOR CONTINUED TESTNET USE

As with the last release, this release updates the Komodo notaries to season 6, with an activation height of 2291830, at approximately 11:00 PM UTC, Saturday, November 19th, 2022. YOU MUST BE UPDATED TO v0.9.5 OR LATER BY THEN TO RELIABLY STAY SYNCHRONIZED TO THE VERUS MAINNET. WHILE THERE MAY BE A MAINNET PBAAS UPGRADE BEFORE THAT DATE, WE RECOMMEND THAT IF YOU HAVE NOT UPGRADED YET, THAT YOU DO SO NOW.

Please make sure that if you do choose to wait for the possibility of a mainnet PBaaS upgrade before this activation that you do upgrade to the latest release before Saturday, November 19th.

What’s New

For mainnet, this release has no material changes over v0.9.5, but is still considered critical, as mainnet users should be upgraded to v0.9.5+ before block 2291830.

For testnet, v0.9.5-1 fixes an issue discovered on testnet where duplicate ID exports blocked cross-chain processing temporarily and also introduces a protocol improvement designed to make the Verus anti-MEV DeFi protocol even more resistant than what we believe was already the leading algorithm to multi-block attempts at MEV. The protocol change makes the following adjustments:

Conversions and cross-chain transfers still roll-up into exports that are collected from one or more blocks of transfer transactions, but to determine when a block is the last of the prior export or first in the next requires a random bit pulled from later blocks.
The last miner or staker to complete a block of an export retroactively receives 10% of all fees from processing that export, including all conversions, once the rollup is processed as an import. This reward used to go to the miner or staker who processes the export, which is no longer the case.
Import transactions can now include up to n/2 arbitrage transactions, where n is the number of reserves in a liquidity basket currency.

These changes together serve to disincentivize any miner or staker from attempting to exclude a large set of transactions from a block and front run all of them, as they will have an even chance of having all of those excluded transactions put back in with their transaction, turning potential gain into potential loss. They would be better off saving their working capital to arbitrage imports by joining transactions, bringing them close to market, and earning money without risk of loss. In addition, if they do end up putting more value of transactions in a block that caps the export rollup, they will reliably earn meaningful rewards without risk of loss in that way as well.

Ethereum Bridge

Although its deployment has been delayed, we expect the Ethereum bridge to be brought back up on the new Verus testnet within the next day or two. When it is up, you can access the Verus <-> Ethereum testnet bridge here: https://ethtest.verus.services, and use your metamask to convert or send cross-chain to the Verus network from Ethereum's Goerli. To use these features you will need to get some Goerli Ethereum, either from a faucet or via the Verus testnet liquidity baskets on Verus.

The rest of these release notes are the same as the prior release. We encourage you to drop by the #pbaas-development channel, help the community prepare for mainnet release in the next couple weeks and start building your vision today!

Verus PBaaS and DeFi RC5 - BUG BOUNTIES

At this time, we are not aware of any bugs or errors in the DeFi, ID, or PBaaS cross chain protocols on this version of testnet. We do not anticipate any changes to the PBaaS protocol before mainnet release, and we hope you will join us on testnet trying out all of the incredible capabilities and looking for any potential, remaining issues that can possibly be found before mainnet release. While we don’t expect it to be easy to find bugs in the protocol, The Verus Coin Foundation is offering a bounty of at least 500 VRSC (possibly more for security related reports) for the first 10 people (7 still unclaimed) who are first to report any actual protocol bug before mainnet release, meaning failure of a properly executed command or API on a functioning VRSCTEST or PBaaS chain to function as intended. If anyone is first to find and describe the exploit for an exploitable security hole in any part of the protocol, the bounty will be a minimum of 1,000 VRSC, and for a serious potential security issue, 10,000 $VRSC.

Testnet Reset

To reset your testnet make sure Verus is closed (and no testnet daemon running) and delete the following directories, then restart the testnet daemon (or relaunch Verus Desktop, deactivate verustest and re-add verustest native):

• Linux: ~/.komodo/vrsctest, ~/.verustest
• Mac OS: ~/Library/Application Support/Komodo/vrsctest, ~/Library/Application\ Support/VerusTest
• Windows 10: %AppData%\Roaming\Komodo\vrsctest\, %AppData%\Roaming\VerusTest or %AppData%\Komodo\vrsctest\, %AppData%\Roaming\VerusTest

Additional Verus Capabilities

• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming
• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

New Verus Multicurrency, Multichain, DeFi Enabled Testnet

With an easy GUI for basic operations or command line for more advanced functions. Without any programming, you can now create new identities, currencies, liquidity pools, and blockchains for your business, your government, your projects, a worthy cause, your family, or your next decentralized application suite. Send currencies worldwide on the same chain, or across blockchains with ease. Even convert currencies to others on the network without an exchange by sending to yourself and converting along the way.

The new Verus testnet is a full-featured, intrinsically decentralized multi-chain blockchain platform with an unlimited number of identities, currencies, liquidity pools, and blockchains. It is accessible from the released versions of Verus Desktop and Verus CLI wallets, and it is the beginning of a new age in crypto. There are so many things you can do with Verus that you cannot with any other cryptocurrency platform, and you can try them all today.

As Verus PBaaS offers completely new capabilities that go beyond today’s decentralized platforms in many fundamental ways, the worldwide Verus community put its energy into creation, rather than convincing everyone that its capabilities are possible. Members across the Verus worldwide community have worked hard to make this all possible, and we are more than excited that you can now experience it firsthand. If you have an interest in the future of crypto, you owe it to yourself to learn about Verus, an unlimited scale, decentralized future with truth and privacy for all.

The Verus testnet, available in the Verus Desktop or cli wallets as the VRSCTEST coin, has the following capabilities, which to our knowledge are unique in crypto today.

Self sovereign, revocable, recoverable identities (currently on mainnet) VerusID

• Enables permissionless registration of friendly name strong identities and funds addresses that are simultaneously fully self-sovereign, revocable, and recoverable.

Staking-capable time locking and theft prevention (Verus Vault)

• Enables id...

v0.9.5

Announcing v0.9.5, CRITICAL UPDATE FOR MAINNET AND TESTNET

This release updates the Komodo notaries to season 6, with an activation height of 2291830, at approximately 11:00 PM UTC, Saturday, November 19th, 2022. You must be updated to v0.9.5 or later by that time to reliably stay synchronized to the Verus mainnet. We are also working to get a mandatory update release during these next couple weeks, which will have the Verus PBaaS mainnet upgrade finalized as well. If you would prefer to wait for the PBaaS mainnet upgrade and upgrade once, we cannot guarantee that the PBaaS mainnet release will be available in the next couple weeks, but we are working to make that a reasonable choice as well. Please make sure that if you do choose to wait to upgrade that you do upgrade to the latest release before Saturday, November 19th.

New Signature Capabilities on Mainnet & Testnet

In addition to continued support for all of the signmessage, signdata, and signfile APIs, as well as their verify* counterparts, v0.9.5 introduces 2 new APIs and CLI commands, signdata and verifysignature, that encompass all of the capabilities of previous signing and verification APIs and add new capabilities for advanced signatures and verification. These new advanced capabilities were designed for community work by @allbits, designing a more powerful and flexible framework for NFTs and ID-bound legal rights and agreements. In addition to digital signing of documents or information using an ID, the new APIs enable easily binding together multiple sources of content, documents, identities, and VDXF keys together into one verifiable signature and then being able to verify that signature, including all of its specific bindings.

Verus PBaaS and DeFi RC5 - BUG BOUNTIES

At this time, we are not aware of any bugs or errors in the DeFi, ID, or PBaaS cross chain protocols on this version of testnet. We do not anticipate any changes to the PBaaS protocol before mainnet release, and we hope you will join us on testnet trying out all of the incredible capabilities and looking for any potential, remaining issues that can possibly be found before mainnet release. While we don’t expect it to be easy to find bugs in the protocol, The Verus Coin Foundation is offering a bounty of at least 500 VRSC (possibly more for security related reports) for the first 10 people who are first to report any actual protocol bug before mainnet release, meaning failure of a properly executed command or API on a functioning VRSCTEST or PBaaS chain to function as intended. If anyone is first to find and describe the exploit for an exploitable security hole in any part of the protocol, the bounty will be a minimum of 1,000 VRSC, and for a serious potential security issue, 10,000 $VRSC.

Emoji IDs and 🎃Chain

In the spirit of this release day, we have taken advantage of VerusIDs and currency emoji support and created a new, merge mineable PBaaS chain, 🎃. It has been said that those who merge mine 🎃chain at midnight will disappear into the crypto-metaverse, never to be seen again, become VerusID avatars, and be forever doomed to being bought and sold on the VRSCTEST marketplace for all eternity (or until the next testnet reset). YOU HAVE BEEN WARNED!

We expect the Ethereum bridge to be brought back up on the new Verus testnet within the next day or two. When it is up, you can access the Verus <-> Ethereum testnet bridge here: https://ethtest.verus.services, and use your metamask to convert or send cross-chain to the Verus network from Ethereum's Goerli. To use these features you will need to get some Goerli Ethereum, either from a faucet or via the Verus testnet liquidity baskets on Verus.

The rest of these release notes are the same as the prior release. We encourage you to drop by the #pbaas-development channel, help the community prepare for mainnet release in the next couple weeks and start building your vision today!

Testnet Reset

To reset your testnet make sure Verus is closed (and no testnet daemon running) and delete the following directories, then restart the testnet daemon (or relaunch Verus Desktop, deactivate verustest and re-add verustest native):

• Linux: ~/.komodo/vrsctest, ~/.verustest
• Mac OS: ~/Library/Application Support/Komodo/vrsctest, ~/Library/Application\ Support/VerusTest
• Windows 10: %AppData%\Roaming\Komodo\vrsctest\, %AppData%\Roaming\VerusTest or %AppData%\Komodo\vrsctest\, %AppData%\Roaming\VerusTest

Tokenizing ID control (next generation NFT):

The currency definition have flags OPTION_NFT_TOKEN + OPTION_TOKEN, and a max supply of 1 satoshi that is either pre allocated or pre-converted to. If the token is pre-allocated, then the maximum pre-conversion must be 0.

verus -chain=vrsctest definecurrency '{"name":"ID","options":2080,"preallocations":[{"ControlTokenRecipient@":0.00000001}],"maxpreconversion":[0]}'

Creating an identity with a fractional currency as its parent

registernamecommitment now takes two more positional arguments to specify a currency parent and a funding address. Use quotes "" to leave fields blank, the example below specifies a parent currency, vrsc-btc , but no referrer. We're now able to use z_addresses to fund the name commitment and identity registration

# verus -chain=vrsctest registernamecommitment name controladdress referral parent sourceoffunds
verus -chain=vrsctest registernamecommitment subID RDnf7mH7RQki9b7PqdBD2Er6WXv3DTawGr "" vrsc-btc zs1s2mteau9tcalvk55cnepw3aq7dr6w7f447pqqkxczat3a02208d3ersx60wz9srw3nkd25ppfny

Specify the parent in the identity definition. Enter false for returntx to sign and submit the id registration, 0 for the feeoffer to use the default fee, and the funding identity, transparent address, or z-address

# verus -chain=vrsctest registeridentity '{ID registration with name commitment}' returntx feeoffer sourceoffunds

verus -chain=vrsctest registeridentity '{"txid": "67635331cbccb7a2cbf408a9e97b3f8986133964e0315a8b9fd237a5fd95ac8f","namereservation": { "version": 1,  "name": "ID",  "parent": "i84mndBk2Znydpgm9T9pTjVvBnHkhErzLt", "salt": "b7070f2ca7495e49c85ab41b5a368150e2c217be6d08cc4102a1b682cddb6f01", "referral": ""},"identity":{"primaryaddresses":["RDnf7mH7RQki9b7PqdBD2Er6WXv3DTawGr"],"minimumsignatures":1,"name":"ID","parent":"vrsc-btc@"}}' false 0 zs1s2mteau9tcalvk55cnepw3aq7dr6w7f447pqqkxczat3a02208d3ersx60wz9srw3nkd25ppfny

If a currency's ID issuance require permission from the currency's identity then it must sign the name commitment and identity registration. Either use the parent identity to fund those transactions, or receive a raw transaction to give the identity owner to sign by setting returntx to true

Additional Verus Capabilities

• On-chain Launches of Token, Centralized Currency, and Liquidity Basket AMMs
• On-chain Launches and Merge Mining of Independent, Connected, Interoperable Blockchains without Programming
• On-chain Self Sovereign, Provable Identities, NFTs, and Individual or Organizational Profiles

Verus ID and NFT Marketplace

Buy and sell VerusIDs on-chain, advertising your offer directly to the owner of an ID or NFT, or posting the sale of your NFT on the worldwide blockchain for all the world to see. Execute transactions in a completely decentralized way. Pay or offer to pay from a transparent or zero-knowledge private address, still auditable by you. Accept payment to either as well, and best of all, execute your transactions directly, peer-to-peer without any intermediary necessary. Don’t worry the on-chain model still makes room for owners to select and share proceeds with value added agents, marketing organizations, or other participants in a new economy of provable digital ownership. It’s the next step in the evolution of VerusID, the most powerful self-sovereign identity and secure storage model for funds in the digital world.

Verus Vault

With Verus Vault you can now protect funds on a VerusID, even from theft of a private key! If you lock your VerusID with Vault you cannot spend funds from that identity at all until it is again unlocked. While locked, you can still stake those same funds on the Verus network and earn by doing so. Of course, you can also still receive funds.

IT IS IMPORTANT TO NOTE THAT ENABLING REVOCATION, RECOVERY, AND ALL VERUS VAULT CAPABILITIES REQUIRE YOU TO HAVE ONE PRIMARY IDENTITY, AND AT LEAST ONE REVOCATION/RECOVERY ID CONFIGURED.

A locked VerusID can always be revoked and recovered by its revocation and recovery authority identities, which circumvents the lock. At the same time, anyone with only the primary keys, even a multisig of primary keys must first unlock, then wait for the predetermined unlock time before they can spend or access funds. This gives you, or maybe a company that specializes in watching the blockchain to whom you've assigned the revocation ID to revoke and recover whenever an unauthorized unlock occurs. That means that like a bank, setting a 24 hour unlock delay on your locked IDs actually provides the first decentralized solution to the infamous 5 dollar wrench attack.

In addition to a new level of blockchain protection and decentralized funds recovery, Verus Vault provides the same security for your IDs and NFTs as well as time locks for other purposes, such as vesting schedules, trusts, and inheritance. With Verus Vault, you can now protect and recover your funds, preserving all your assets and generational blockchain wealth from common forms of crypto loss or theft, no bank required.

Exporting an ID to a PBaaS chain

verus -chain=VRSCTEST sendcurrency "*" '[{"address":"IDNAME@","exportto":"PBaaSChainName","exportid":"true","amount":100,"currency":"vrsctest"}]'

Signing transactions from multi-signature IDs (testnet and mainnet)

Create transaction, get raw transaction data:

verus sendcurrency <multi-sig...