Article Summary, Automatically Generated By AI
Summary of VerusCoin
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Project Type:
Zero-knowledge technology, privacy-oriented project -
Goal:
Offer Public Blockchains as a Service (PBaaS) -
Consensus Algorithm:
Proof of Power (50% PoW / 50% PoS) -
Security Features:
- Provably immune to 51% hash attacks
- Double-spend resistant public blockchain
- VerusHash 2.0 (quantum-resistant hash algorithm)
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Project Vision:
Enable automatic blockchain provisioning with PBaaS</li
About Verus Coin: Empowering a New Era of Decentralized Finance
Verus Coin pioneers a groundbreaking, zero-knowledge technology-driven project, dedicated to providing Public Blockchains as a Service (PBaaS). Notably, Verus Coin introduces an innovative consensus algorithm, dubbed Proof of Power, which seamlessly combines the benefits of 50% Proof of Work (PoW) and 50% Proof of Stake (PoS), effectively addressing the inherent weaknesses in traditional PoS systems.
The Verus PoP algorithm is purportedly impervious to 51% hash attacks, rendering Verus one of the most resilient public blockchains in terms of double-spend resistance. Furthermore, Verus employs VerusHash 2.0, a quantum-resistant hash algorithm designed to bridge the performance disparity between CPUs, GPUs, and FPGAs. The overarching vision of the Verus Coin project is to facilitate seamless blockchain provisioning through PBaaS, provisioned by Verus miners and stakers. Notably, Verus prides itself on being a 100% community-driven project, launched fairly without an ICO or premine.