v0.9.4-2

Announcing v0.9.4-2, UNCHANGED FOR MAINNET -- MANDATORY FOR TESTNET USE

This release has no material mainnet changes.

THE NEW ETHEREUM BRIDGE IS EXPECTED TO BE DEFINED WITHIN THE NEXT 24 HOURS AND FOR THE BRIDGE LIQUIDITY BASKET TO LAUNCH SHORTLY AFTER DEFINITION. IF YOU LEAVE A PRIOR VERSION NODE RUNNING UNTIL AFTER THE VETH BRIDGE IS DEFINED, YOU MAY FORK AWAY DUE TO CHANGES IN THIS RELEASE AND THEN NEED TO RESYNC TO TESTNET FROM SCRATCH TO CONTINUE.

For testnet, this is RC4 of the Verus PBaaS protocol, which includes some Ethereum bridge related fixes and a merge mining API change. With the API change, all merge mining nodes must upgrade to the new protocol to be compatible with each other and participate in cross-chain notarization rewards.

After the Ethereum bridge has been defined, you will be able to send currencies over to Verus testnet from Ethereum’s Goerli network and also participate in the launch of the Ethereum bridge liquidity basket with VETH, USDC, or VRSCTEST by using sendcurrency with “preconvert”:true on the command line or through the GUI. We recommend that you get some Goerli ETH using this facet or others (https://goerli-faucet.mudit.blog/), which will make your experience of all Verus PBaaS can offer a bit more well rounded when the Ethereum bridge is available once again.

Once the Goerli Ethereum liquidity basket (Bridge.vETH) activates on testnet, which is a 100% backed basket composed of 1/3rd each of Verus, Ethereum, and USDC (all testnet tokens), you can use it from Metamask on Goerli, from the Verus CLI or GUI on the vrsctest chain, or from CLI/GUI on other PBaaS chains to provide liquidity while holding Bridge.vETH, a 100% backed basket of three currencies of balanced relative value, or to pass through and convert currencies between Verus, Ethereum, USDC, and Bridge.vETH.

The Brige.vETH currency also coordinates with the vETH@ gateway and enables registering *.veth@ IDs for $5 worth of Bridge.vETH, based on its internal USDC conversion price at the time of registration. When you register *.veth@ IDs, 0.02 VRSCTEST goes to miners and stakers, and $5 worth of Bridge.vETH is burned, reducing the total supply of Bridge.vETH for everyone without reducing reserves, and contributing to the relative value, “real yield” of Bridge.vETH, relative to its three reserve currencies. This is the way that all decentralized, fractional currencies which enable ID registration accept registration fees, equally benefiting all fractional currency holders/liquidity providers when IDs are registered, while providing Verus miners and stakers the identity import fee of 0.02 VRSC.

*.veth@ IDs have the ability, along with root vrsctest IDs, to make 1:1 ERC20 mapped currencies on Ethereum. They can also be used to create Tokenized ID control tokens (see notes for v0.9.4-1), as all types of IDs can, but if they are used to do that, they will have used their currency creation ability for that rather than an ERC20 mapped currency.

Known issues:

• Verus Desktop will only write a conf file for veth if the bridgekeeper is toggled on. If the configuration cog is used before trying to turn on bridgekeeper, a veth conf file will not be created and won't be saved. If you do not get a confirmation that your bridgekeeper settings got saved, try turning on the bridgekeeper first to create a conf file, and then try again.

The rest of these release notes are the same as the prior release. Drop by #pbaas-development to start building your vision on Verus and help prepare PBaaS for mainnet!

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]}'

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

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-signature-ID>@ '[{"address":"<destination_address>","amount":<transaction_amount>}]'
verus z_getoperationstatus <operation_id_returned_by_sendcurrency>

Take the raw hex transaction data provided by z_getoperationstatus to each additional wallet(s) containing the additional signing addresses/IDs:

verus signrawtransaction <raw_hex_transaction>

After the last nece...

v0.9.4-1

Announcing v0.9.4-1 with the world’s first self-sovereign, tokenized ID control technology, RECOMMENDED FOR MAINNET -- MANDATORY FOR TESTNET USE

This release has no material mainnet changes.

For testnet, this is RC3 of the PBaaS protocol and is required to follow the main testnet chain. RC3 has some significant and important API additions, including the ability for any ID at all, even sub-IDs, to generate a single token as its currency. That token then enables whoever holds it to have another level of revoke/recover power over the ID, in addition to the normal revocation and recovery authorities, which also still work. This technology is now available in the pre-existing APIs, updateidentity (for changing revocation / recovery authorities), revokeidentity, and recoveryidentity. Please see help for details.

In addition, we have continued to harden the protocol and fixed issues with cross-chain currency definition import/export and the new ability to burn reserves into a liquidity basket that were reported in the current testnet.

The rest of these release notes are the same as the prior release. Drop by pbaas-development to start building your vision on Verus while helping get PBaaS ready for mainnet!

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]}'

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

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-signature-ID>@ '[{"address":"<destination_address>","amount":<transaction_amount>}]'
verus z_getoperationstatus <operation_id_returned_by_sendcurrency>

Take the raw hex transaction data provided by z_getoperationstatus to each additional wallet(s) containing the additional signing addresses/IDs:

verus signrawtransaction <raw_hex_transaction>

After the last necessary signature is applied, broadcast on the network using:

verus sendrawtransaction <raw_hex_signed_transaction>

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 loc...

v0.9.4

Announcing v0.9.4, HIGHLY RECOMMENDED FOR MAINNET -- MANDATORY FOR TESTNET USE

This release fixes a mainnet issue that may, in rare cases, cause a node to deadlock.
It also adds the following new features to mainnet:

• Auto TLS encrypted connections between nodes on mainnet and testnet, no action needed, but you can require that all connections be encrypted by starting the daemon with “-tlsenforcement”.
• A new “-idindex” flag that enables 3 new APIs to lookup identities by their primary addresses or revocation and recovery addresses, getidentitywithaddress, getidentitywithrevocation, and getidentitywithrecovery.
  Generally improved multithreading within the daemon.
• These improvements allow anyone to now write applications to easily graph or display public relationships between identities, transparent addresses, and transactions without compromising the privacy of private addresses, messages, or transactions between identities using name@:private endpoints, z-addresses or communicating via off-chain channels.

For testnet, this is RC2 of the PBaaS protocol and has some significant and important advances and changes. In addition to a great deal of progress hardening for mainnet, v0.9.4 introduces the following new features to the PBaaS testnet:

• All features above for mainnet

• NFT mapped tokens and tokenized ID control - In v0.9.4, as with v0.9.3, you can use root identities to create any kind of currencies, *.veth IDs to create Ethereum mapped currencies, and what is new in v0.9.4 is that you can now use any type of ID or sub-ID to create a new kind of currency that will always have a 1 Satoshi supply and enable anyone holding it to have power over the ID that issued it. This type of currency is called tokenized ID control and can be treated like a super NFT over all copies of the source ID on all chains that were exported to other chains after the currency was created. Once the Ethereum contracts are upgraded with this capability, *.veth or IDs with root names on the Verus blockchain can be used to create Ethereum NFT mapped currencies, which enable a Cryptopunk, Ethrock, or whatever other NFT you’d like to not only be sent to Verus, held on a revocable/recoverable ID, and also permanently upleveled with ID powers, being cryptographically bound as an ID’s permanent control token that can be sent to any chain or to Ethereum and back.
  This unique Verus-only technology and VerusIDs enable new models of complex, atomic and fully decentralized transactions. By using exported IDs across any number of networks and an ID control token, ownership of an unlimited array of assets across an unlimited number of networks can for the first time ever, have ownership transferred in one transaction.

• While NFT mapped tokens are supported on the RC2 PBaaS protocol, they have not yet been implemented in the Ethereum contracts. You will not be able to send NFTs from Ethereum to Verus or PBaaS chains until that work is complete, which we do not expect to take a great deal of time.

• Liquidity currencies now support new methods to burn currency with the following results:

  • burnweight - available to centralized currencies only and enables burning the primary currency to raise the reserve ratio weights of all reserves.
  • burn for reserve currencies - in prior releases, burn was only used for primary currencies and would reduce the supply of a currency relative to its reserves, increasing the on-chain value of the primary currency. In v0.9.4, you can now also “burn” reserve currencies in a liquidity basket currency, which simply donates that amount of reserve into the currency’s reserves without taking any new supply in exchange. This is available to decentralized or centralized currencies.

• Bridgekeeper is now available for permissionless bridge notarization and selectable in the GUI on the mining page. For CLI, we will make a Node application available for testing in the next few days.

• RC1 cross-chain witness and notarization protocol enhanced in RC2 as follows:

  • In RC2, any notarization to be confirmed must be first posted publicly to allow for potential to prove invalidity, and then later confirmed. In the prior protocol, a witnessed notarization could be posted to a chain and accepted when first seen. Upon analysis and discussion with @allbits and others, we realized that the attack vector of even stolen notary/witness keys combined with an in-secret 51% combined hash/stake attack could be prevented if we changed the protocol to first require posting the ready to finalize data and allow notaries who recognize that there is a signature on chain for something they don’t agree with (likely stolen key), to simply revoke their identity, which will prevent that notarization from ever being confirmed. This same security feature is supported between all PBaaS chains and has been implemented in the Ethereum contracts for witnesses as well. This new protocol also provides for other types of evidence to prevent finalization, such as proof that there exists a more powerful (most power rule) tip than one witnessed. Enabling decentralized, cross-chain most power rules are an advance in cross-chain protocols that over time will strongly protect censorship resistance qualities of any multichain protocol.
  • The above technology required changes to generalize evidence types between chains, enabling cryptographic enforcement that all notarizations are ultimately determined by miners and stakers and finalized by witnesses who must follow most power (stake+work) rules based on the protocol. Witnesses cannot finalize a chain tip unless alternating miners and stakers have posted 3 consecutive, agreeing, progressing cross-chain notarizations, without intervening disagreement, trading off more certain cross-chain transaction latency for on that depends on miners and stakers, meaning maximum decentralization and a high cost to DoS attack cross-chain, approaching impossible over any significant length of time. This approach makes the incentivized merge mining and bridge mining opportunities, as well as miner/staker participation, automatically part of and also critical to the cross-chain protocol. In v0.9.4, all users on the network may mine the Ethereum bridge via the bridgekeeper tool on the mining page in the GUI.
  • With this new protocol, all PBaaS chains on testnet will consider witnessed / finalized tips final and will not unwind past those witness points or follow a chain that disagrees with a known finalized tip. When this protocol goes live on mainnet, and for any PBaaS chain whose community opts to use the Komodo notary service, Komodo notarizations will continue to ensure a stable chain tip, but no matter what other notarizations are present, PBaaS chains will always follow their proof of power protocol and lock to their witnessed tips as well.

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]}'

The rest of these release notes are the same as the prior release. Drop by pbaas-development to start building your vision on Verus while helping get PBaaS ready for mainnet!

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

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 Curren...

v0.9.3

Announcing v0.9.3, NON-MANDATORY FOR MAINNET -- MANDATORY FOR TESTNET USE

This release fixes one issue on mainnet where a node using -connect=”networkaddress” may still attempt to connect to other nodes.

This update includes the first protocol release candidate for mainnet PBaaS, VerusID protocol upgrades, and Verus DeFi. In addition to some functional fixes and full web site support for mapped currencies and simple commands for mapping Verus currencies to any ERC20 currencies on Ethereum with provable, auditable 1:1 mapping and cross chain send/receive. In addition this new protocol upgrade changes some parameters of the Verus Proof of Power consensus algorithm, enabling smoother starts, restarts, and general operation of PBaaS chains, regardless of their native currency supply or emission schedule. As these consensus parameter changes would require either a testnet fork, which would not be relevant for the mainnet upgrade or a reset, accessing the v0.9.3 testnet requires that you reset your local testnet by deleting the vrsctest and pbaas data folders from the locations described below.

As part of this release, we will be launching the new Ethereum bridge and enable full use of Ethereum mapped currencies on the Goerli Ethereum testnet (note that we were previously using Rinkeby). This makes it easy for any currency definition to become a fully decentralized, auditable stable coin, simply by mapping to DAI, USDT, USDC, or another stable coin on Ethereum. In addition, the new website for Metamask support and use from Ethereum now displays all mapped currency options, even those added when someone exports a currency definition to Ethereum, either as a mapped currency or for using any Verus or PBaaS currency as an ERC20.

This release also resolves an issue with setting max preconversion amounts on currency launches and addresses a number of minor protocol issues found as a result of the active community testing support we are seeing on testnet.

v0.9.3 RESETS TESTNET AND ADDRESSES ALL KNOWN ISSUES FOUND DURING TESTING ON THE NETWORK. FROM HERE, WE HOPE ALL COMMUNITY MEMBERS WILL JOIN IN TRYING OUT ALL FEATURES OF TESTNET TO HELP ENSURE THAT THE FINAL MAINNET RELEASE, WHICH WE ARE WORKING TOWARDS AS SOON AS IT IS CONSIDERED READY AND HARDENED, WILL BE BOTH SMOOTH AND WORLD-CHANGING.

IF YOU HAVE ALREADY USED TESTNET WITH VERSIONS PRIOR TO v0.9.2, MAKE SURE TO DELETE AND CLEAR ANY EXISTING TESTNET DATA FOLDERS AS DESCRIBED BELOW.

GUI changes:

• Added support for refund address for sends to different systems, in case after a two-step, convert and subsequent system crossing, there are not enough fees, due to slippage and liquidity, to make the crossing, according to the fees and rules of the destination system

• Improved recognition and display of offline electrum servers for lite mode

• Added reminder to backup native wallets for first use of native mode

• Minor UI improvements

• It is worth noting that the Zcash NU5 upgrade has broken compatibility with the Electrum servers that Verus Desktop and other 3rd party wallets were using for lite mode Zcash support. You can still export your Zcash seed and use it in Verus Desktop after importing it to Zcash native mode. You can also import the exported key to other Zcash supporting wallets. We do not consider it a priority to address this issue relative to enabling PBaaS on Verus mainnet, but assuming some level of interest and assistance from the Zcash community, we will opportunistically support lite mode again.

Platform Support

• Debian 9 (Stretch) is no longer supported

PROTOCOL RELEASE CANDIDATE RC1

With v0.9.3, The Verus PBaaS protocol, including networking, public blockchains as a service (PBaaS), VerusID extensions, and Verus DeFi, is considered release candidate RC1 for the coming mainnet upgrade. The core developer focus now remains on protocol hardening and enabling usage first, followed by user experience upgrades and supporting infrastructure such as identity and login support for lite mode, mobile and web extension wallets as well as merge mining for pool servers.

NEW PBAAS CAPABILITIES

All PBaaS capabilities, including for application development, are available now on the new Verus testnet. Now would be a good time for development capable projects hoping to get a head start on using Verus’s transformative technologies to do a deep dive on the Verus testnet. These new capabilities in v0.9.3, as well as all those we are familiar with, available nowhere else, will be on mainnet SOON(™):

All fractional and centralized {“proofprotocol”:2} currencies can now issue as a decentralized operation, or with centralized currencies, sell, IDs using their own currency as the payment currency, with options for price, referrals, permission from the currency identity required, which means the transaction must be created or co-signed by the currency identity, or even referrals required, which means that an identity registration must have a referral and co-signature of a referring ID that is either the currency ID or another ID from that currency namespace.
For fully decentralized fractional currencies, ID registration is paid for by burning the specific fractional currency, reducing the supply, and raising the on-chain value of the primary currency relative to its reserves by reducing the current on-chain supply for everyone.
The minimum price of ID registration for fractional currencies can be set in either the fractional currency itself, or in one of its reserves, for example USDC or DAI.

More than the minimum price can be paid for ID registration, which may also include VDXF key and contract bindings to allow for multiple types of content or IP licensing in a single ID namespace.
Each currency, either centralized and/or fractional, can have multiple levels of referral support (limit of 5 levels), meaning that the ID registration fee will be reduced when referred and part of it will be divided evenly among past referrers. The remaining amount of the ID registration fee will be burned for decentralized currencies, or be sent to the currency ID for centralized currencies.

While Native IDs, those registered directly from a blockchain as the name parent, will be able to launch currencies on that blockchain, and if on Verus, actual independent blockchains, IDs issued by fractional or centralized currencies cannot launch currencies, but will still be valuable as revocation and recovery IDs for all other VerusIDs as well as for personalized on-chain and cross-chain addresses with all identity and NFT features, for proofs, for brands, contract binding, on-chain marketplace trading, or login, and will have the ability to cross-prove common ownership with other IDs as well.

The exception to non-native IDs creating currencies, is that *.veth gateway IDs will be available for decentralized registration from the Ethereum bridge converter and will be able to create Ethereum mapped currencies. Registration of .veth IDs will be priced at 100 USD worth of ETH to prevent misuse and support bridge liquidity, with all fees besides the 1 VRSC import fee, which goes into the mining and staking fee pool going to the bridge converter liquidity basket.

All of these features are currently enabled on the v0.9.2 new testnet. Stay connected on the #pbaas-development channel and participate in the launch at no actual cost as a testnet liquidity provider and get some nice testnet IDs, launch your own currencies, or start your exclusive ID-restricted club, governance group, or business.

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

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 `...

v0.9.2-3

Announcing v0.9.2-3, NON-MANDATORY, HIGHLY RECOMMENDED FOR MAINNET -- CRITICAL FOR TESTNET USE

This update enables full use of Ethereum mapped currencies (Rinkeby when the new bridge launches), which provides the ability for any currency to become a fully decentralized, auditable stable coin, simply by mapping to DAI, USDT, USDC, or another on Ethereum. In addition, the new website for Metamask support and use from Ethereum now displays all mapped currency options, even those added when someone exports a currency definition to Ethereum, either as a mapped currency or for using any Verus or PBaaS currency as an ERC20.

This release also resolves two PBaaS chain launch issues, one that prevented no-reward chains with initial emission from being accepted and one that could allow a chain launch to go forward, even when a co-launched liquidity basket failed to get enough participation. Thanks to increased participation on testnet use, we are getting continued excellent coverage and resolving issues, which are increasingly edge conditions as we go. discovered on both mainnet and testnet and on testnet fixes an error creating transactions for sub identity registrations on fractional reserve currencies. If you already went through the testnet reset process on any version since v0.9.2, you do not need to reset testnet. The rest of these release notes are the same as the prior version.

v0.9.2 RESETS TESTNET AND ADDS A COMPLETE SET OF NEW CAPABILITIES PREVIOUSLY CONSIDERED STRETCH GOALS THAT ENABLE BRANDED SUB-ID ISSUANCE WITH BOTH DECENTRALIZED AND CENTRALIZED OPTIONS AS WELL AS THE FIRST DISRUPTIVE TECHNOLOGY TO SOLVE FOR BRANDED LOYALTY IDENTITIES WITH NOVEL SOLUTIONS FOR ROYALTY AND IP LICENSING BUSINESS MODELS.

IF YOU HAVE ALREADY USED TESTNET WITH VERSIONS PRIOR TO v0.9.2, MAKE SURE TO DELETE AND CLEAR ANY EXISTING TESTNET DATA FOLDERS AS DESCRIBED BELOW.

FOR MAINNET (AND TESTNET), v0.9.2 PROVIDES ENHANCED PRIVACY FEATURES FOR IDENTITY CREATION

PROTOCOL FEATURE COMPLETE

With v0.9.2, The Verus network, public blockchains as a service (PBaaS), VerusID extensions, and Verus DeFi protocols are considered feature complete for the coming mainnet PBaaS upgrade. The core developer focus now is protocol hardening and enabling usage first, followed by user experience upgrades and supporting infrastructure such as identity and login support for lite mode, mobile and web extension wallets as well as merge mining for pool servers.

NEW 3D CROSS-CHAIN LIQUIDITY NETWORK VISUALIZER (GUI FOR TESTNET)

In v0.9.2 Verus Desktop, there is a new 3-dimensional cross-chain network visualizer, which shows all currency conversion and fractional network connections both on chain and cross-chain, with the ability to move around and zoom in and out in 3 dimensions. To access the visualizer, click on “Visualize Network” on the Metaverse tab of Verus Desktop. If you’re interested in seeing the visualizer now, here’s a link directly to the visualizer as part of a recent video members of the community helped make (https://youtu.be/CkgUVjx_g1M?t=43).

NEW PBAAS CAPABILITIES

All PBaaS capabilities, including for application development, are available now on the new Verus testnet. Our goal for interoperability on this new testnet is to launch the Ethereum/Rinkeby bridge in the next couple days. Now would be a good time for development capable projects hoping to get a head start on using Verus’s transformative technologies to do a deep dive on the Verus testnet. These new capabilities in v0.9.2, as well as all those we are familiar with, available nowhere else, will be on mainnet SOON(™):

All fractional and centralized {“proofprotocol”:2} currencies can now issue as a decentralized operation, or with centralized currencies, sell, IDs using their own currency as the payment currency, with options for price, referrals, permission from the currency identity required, which means the transaction must be created or co-signed by the currency identity, or even referrals required, which means that an identity registration must have a referral and co-signature of a referring ID that is either the currency ID or another ID from that currency namespace.
For fully decentralized fractional currencies, ID registration is paid for by burning the specific fractional currency, reducing the supply, and raising the on-chain value of the primary currency relative to its reserves by reducing the current on-chain supply for everyone.
The minimum price of ID registration for fractional currencies can be set in either the fractional currency itself, or in one of its reserves, for example USDC or DAI.
More than the minimum price can be paid for ID registration, which may also include VDXF key and contract bindings to allow for multiple types of content or IP licensing in a single ID namespace.
Each currency, either centralized and/or fractional, can have multiple levels of referral support (limit of 5 levels), meaning that the ID registration fee will be reduced when referred and part of it will be divided evenly among past referrers. The remaining amount of the ID registration fee will be burned for decentralized currencies, or be sent to the currency ID for centralized currencies.

While Native IDs, those registered directly from a blockchain as the name parent, will be able to launch currencies on that blockchain, and if on Verus, actual independent blockchains, IDs issued by fractional or centralized currencies cannot launch currencies, but will still be valuable as revocation and recovery IDs for all other VerusIDs as well as for personalized on-chain and cross-chain addresses with all identity and NFT features, for proofs, for brands, contract binding, on-chain marketplace trading, or login, and will have the ability to cross-prove common ownership with other IDs as well.

The exception to non-native IDs creating currencies, is that *.veth gateway IDs will be available for decentralized registration from the Ethereum bridge converter and will be able to create Ethereum mapped currencies. Registration of .veth IDs will be priced at a level to prevent misuse and support bridge liquidity, with all fees besides the 1 VRSC import fee, which goes into the mining and staking fee pool going to the bridge converter liquidity basket.

All of these features are currently enabled on the v0.9.2 new testnet. Stay connected on the #pbaas-development channel and participate in the launch at no actual cost as a testnet liquidity provider and get some nice testnet IDs, launch your own currencies, or start your exclusive ID-restricted club, governance group, or business.

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

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

# run registernamecommitment name controladdress referral parent sourceoffunds
run 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

# run registeridentity '{ID registration with name commitment}' returntx feeoffer sourceoffunds

run 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 n...

v0.9.2-2

Announcing v0.9.2-2, NON-MANDATORY, HIGHLY RECOMMENDED FOR MAINNET -- CRITICAL FOR TESTNET USE

This update improves sync speed in some edge cases on both mainnet and testnet and on testnet fixes an error creating transactions for sub identity registrations on fractional reserve currencies. If you already went through the testnet reset process on any version since v0.9.2, you do not need to reset testnet. The rest of these release notes are the same as the prior version.

v0.9.2 RESETS TESTNET AND ADDS A COMPLETE SET OF NEW CAPABILITIES PREVIOUSLY CONSIDERED STRETCH GOALS THAT ENABLE BRANDED SUB-ID ISSUANCE WITH BOTH DECENTRALIZED AND CENTRALIZED OPTIONS AS WELL AS THE FIRST DISRUPTIVE TECHNOLOGY TO SOLVE FOR BRANDED LOYALTY IDENTITIES WITH NOVEL SOLUTIONS FOR ROYALTY AND IP LICENSING BUSINESS MODELS.

IF YOU HAVE ALREADY USED TESTNET WITH VERSIONS PRIOR TO v0.9.2, MAKE SURE TO DELETE AND CLEAR ANY EXISTING TESTNET DATA FOLDERS AS DESCRIBED BELOW.

FOR MAINNET (AND TESTNET), v0.9.2 PROVIDES ENHANCED PRIVACY FEATURES FOR IDENTITY CREATION

PROTOCOL FEATURE COMPLETE

With v0.9.2, The Verus network, public blockchains as a service (PBaaS), VerusID extensions, and Verus DeFi protocols are considered feature complete for the coming mainnet PBaaS upgrade. The core developer focus now is protocol hardening and enabling usage first, followed by user experience upgrades and supporting infrastructure such as identity and login support for lite mode, mobile and web extension wallets as well as merge mining for pool servers.

NEW 3D CROSS-CHAIN LIQUIDITY NETWORK VISUALIZER (GUI FOR TESTNET)

In v0.9.2 Verus Desktop, there is a new 3-dimensional cross-chain network visualizer, which shows all currency conversion and fractional network connections both on chain and cross-chain, with the ability to move around and zoom in and out in 3 dimensions. To access the visualizer, click on “Visualize Network” on the Metaverse tab of Verus Desktop. If you’re interested in seeing the visualizer now, here’s a link directly to the visualizer as part of a recent video members of the community helped make (https://youtu.be/CkgUVjx_g1M?t=43).

NEW PBAAS CAPABILITIES

All PBaaS capabilities, including for application development, are available now on the new Verus testnet. Our goal for interoperability on this new testnet is to launch the Ethereum/Rinkeby bridge in the next couple days. Now would be a good time for development capable projects hoping to get a head start on using Verus’s transformative technologies to do a deep dive on the Verus testnet. These new capabilities in v0.9.2, as well as all those we are familiar with, available nowhere else, will be on mainnet SOON(™):

All fractional and centralized {“proofprotocol”:2} currencies can now issue as a decentralized operation, or with centralized currencies, sell, IDs using their own currency as the payment currency, with options for price, referrals, permission from the currency identity required, which means the transaction must be created or co-signed by the currency identity, or even referrals required, which means that an identity registration must have a referral and co-signature of a referring ID that is either the currency ID or another ID from that currency namespace.
For fully decentralized fractional currencies, ID registration is paid for by burning the specific fractional currency, reducing the supply, and raising the on-chain value of the primary currency relative to its reserves by reducing the current on-chain supply for everyone.
The minimum price of ID registration for fractional currencies can be set in either the fractional currency itself, or in one of its reserves, for example USDC or DAI.
More than the minimum price can be paid for ID registration, which may also include VDXF key and contract bindings to allow for multiple types of content or IP licensing in a single ID namespace.
Each currency, either centralized and/or fractional, can have multiple levels of referral support (limit of 5 levels), meaning that the ID registration fee will be reduced when referred and part of it will be divided evenly among past referrers. The remaining amount of the ID registration fee will be burned for decentralized currencies, or be sent to the currency ID for centralized currencies.

While Native IDs, those registered directly from a blockchain as the name parent, will be able to launch currencies on that blockchain, and if on Verus, actual independent blockchains, IDs issued by fractional or centralized currencies cannot launch currencies, but will still be valuable as revocation and recovery IDs for all other VerusIDs as well as for personalized on-chain and cross-chain addresses with all identity and NFT features, for proofs, for brands, contract binding, on-chain marketplace trading, or login, and will have the ability to cross-prove common ownership with other IDs as well.

The exception to non-native IDs creating currencies, is that *.veth gateway IDs will be available for decentralized registration from the Ethereum bridge converter and will be able to create Ethereum mapped currencies. Registration of .veth IDs will be priced at a level to prevent misuse and support bridge liquidity, with all fees besides the 1 VRSC import fee, which goes into the mining and staking fee pool going to the bridge converter liquidity basket.

All of these features are currently enabled on the v0.9.2 new testnet. Stay connected on the #pbaas-development channel and participate in the launch at no actual cost as a testnet liquidity provider and get some nice testnet IDs, launch your own currencies, or start your exclusive ID-restricted club, governance group, or business.

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

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

# run registernamecommitment name controladdress referral parent sourceoffunds
run 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

# run registeridentity '{ID registration with name commitment}' returntx feeoffer sourceoffunds

run 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...

v0.9.2-1

Announcing v0.9.2-1, NO FUNCTIONAL CHANGES TO MAINNET FROM v0.9.2 -- CRITICAL FOR TESTNET USE

This update fixes an error in creating transactions for sub identity registrations on fractional reserve currencies and it fixes a synchronization issue that could prevent some clients from fully syncing testnet. The rest of these release notes are the same as the prior version.

v0.9.2 RESETS TESTNET AND ADDS A COMPLETE SET OF NEW CAPABILITIES PREVIOUSLY CONSIDERED STRETCH GOALS THAT ENABLE BRANDED SUB-ID ISSUANCE WITH BOTH DECENTRALIZED AND CENTRALIZED OPTIONS AS WELL AS THE FIRST DISRUPTIVE TECHNOLOGY TO SOLVE FOR BRANDED LOYALTY IDENTITIES WITH NOVEL SOLUTIONS FOR ROYALTY AND IP LICENSING BUSINESS MODELS.

IF YOU HAVE ALREADY USED TESTNET WITH VERSIONS PRIOR TO v0.9.2, MAKE SURE TO DELETE AND CLEAR ANY EXISTING TESTNET DATA FOLDERS AS DESCRIBED BELOW.

FOR MAINNET (AND TESTNET), v0.9.2 PROVIDES ENHANCED PRIVACY FEATURES FOR IDENTITY CREATION

PROTOCOL FEATURE COMPLETE

With v0.9.2, The Verus network, public blockchains as a service (PBaaS), VerusID extensions, and Verus DeFi protocols are considered feature complete for the coming mainnet PBaaS upgrade. The core developer focus now is protocol hardening and enabling usage first, followed by user experience upgrades and supporting infrastructure such as identity and login support for lite mode, mobile and web extension wallets as well as merge mining for pool servers.

NEW 3D CROSS-CHAIN LIQUIDITY NETWORK VISUALIZER (GUI FOR TESTNET)

In v0.9.2 Verus Desktop, there is a new 3-dimensional cross-chain network visualizer, which shows all currency conversion and fractional network connections both on chain and cross-chain, with the ability to move around and zoom in and out in 3 dimensions. To access the visualizer, click on “Visualize Network” on the Metaverse tab of Verus Desktop. If you’re interested in seeing the visualizer now, here’s a link directly to the visualizer as part of a recent video members of the community helped make (https://youtu.be/CkgUVjx_g1M?t=43).

NEW PBAAS CAPABILITIES

All PBaaS capabilities, including for application development, are available now on the new Verus testnet. Our goal for interoperability on this new testnet is to launch the Ethereum/Rinkeby bridge in the next couple days. Now would be a good time for development capable projects hoping to get a head start on using Verus’s transformative technologies to do a deep dive on the Verus testnet. These new capabilities in v0.9.2, as well as all those we are familiar with, available nowhere else, will be on mainnet SOON(™):

All fractional and centralized {“proofprotocol”:2} currencies can now issue as a decentralized operation, or with centralized currencies, sell, IDs using their own currency as the payment currency, with options for price, referrals, permission from the currency identity required, which means the transaction must be created or co-signed by the currency identity, or even referrals required, which means that an identity registration must have a referral and co-signature of a referring ID that is either the currency ID or another ID from that currency namespace.
For fully decentralized fractional currencies, ID registration is paid for by burning the specific fractional currency, reducing the supply, and raising the on-chain value of the primary currency relative to its reserves by reducing the current on-chain supply for everyone.
The minimum price of ID registration for fractional currencies can be set in either the fractional currency itself, or in one of its reserves, for example USDC or DAI.
More than the minimum price can be paid for ID registration, which may also include VDXF key and contract bindings to allow for multiple types of content or IP licensing in a single ID namespace.
Each currency, either centralized and/or fractional, can have multiple levels of referral support (limit of 5 levels), meaning that the ID registration fee will be reduced when referred and part of it will be divided evenly among past referrers. The remaining amount of the ID registration fee will be burned for decentralized currencies, or be sent to the currency ID for centralized currencies.

While Native IDs, those registered directly from a blockchain as the name parent, will be able to launch currencies on that blockchain, and if on Verus, actual independent blockchains, IDs issued by fractional or centralized currencies cannot launch currencies, but will still be valuable as revocation and recovery IDs for all other VerusIDs as well as for personalized on-chain and cross-chain addresses with all identity and NFT features, for proofs, for brands, contract binding, on-chain marketplace trading, or login, and will have the ability to cross-prove common ownership with other IDs as well.

The exception to non-native IDs creating currencies, is that *.veth gateway IDs will be available for decentralized registration from the Ethereum bridge converter and will be able to create Ethereum mapped currencies. Registration of .veth IDs will be priced at a level to prevent misuse and support bridge liquidity, with all fees besides the 1 VRSC import fee, which goes into the mining and staking fee pool going to the bridge converter liquidity basket.

All of these features are currently enabled on the v0.9.2 new testnet. Stay connected on the #pbaas-development channel and participate in the launch at no actual cost as a testnet liquidity provider and get some nice testnet IDs, launch your own currencies, or start your exclusive ID-restricted club, governance group, or business.

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

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

# run registernamecommitment name controladdress referral parent sourceoffunds
run 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

# run registeridentity '{ID registration with name commitment}' returntx feeoffer sourceoffunds

run 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...

v0.9.2

Announcing v0.9.2, OPTIONAL, HIGHLY RECOMMENDED FOR MAINNET, MANDATORY FOR TESTNET USE - THIS IS A BIG ANNOUNCE, BUT IF YOU CARE ABOUT THE PBAAS UPGRADE, WE RECOMMEND READING IT ALL.

v0.9.2 RESETS TESTNET AND ADDS A COMPLETE SET OF NEW CAPABILITIES PREVIOUSLY CONSIDERED STRETCH GOALS THAT ENABLE BRANDED SUB-ID ISSUANCE WITH BOTH DECENTRALIZED AND CENTRALIZED OPTIONS AS WELL AS THE FIRST DISRUPTIVE TECHNOLOGY TO SOLVE FOR BRANDED LOYALTY IDENTITIES WITH NOVEL SOLUTIONS FOR ROYALTY AND IP LICENSING BUSINESS MODELS.

IF YOU HAVE ALREADY USED TESTNET WITH VERSIONS PRIOR TO v0.9.2, MAKE SURE TO DELETE AND CLEAR ANY EXISTING TESTNET DATA FOLDERS AS DESCRIBED BELOW.

FOR MAINNET (AND TESTNET), v0.9.2 PROVIDES ENHANCED PRIVACY FEATURES FOR IDENTITY CREATION

PROTOCOL FEATURE COMPLETE

With v0.9.2, The Verus network, public blockchains as a service (PBaaS), VerusID extensions, and Verus DeFi protocols are considered feature complete for the coming mainnet PBaaS upgrade. The core developer focus now is protocol hardening and enabling usage first, followed by user experience upgrades and supporting infrastructure such as identity and login support for lite mode, mobile and web extension wallets as well as merge mining for pool servers.

NEW 3D CROSS-CHAIN LIQUIDITY NETWORK VISUALIZER (GUI FOR TESTNET)

In v0.9.2 Verus Desktop, there is a new 3-dimensional cross-chain network visualizer, which shows all currency conversion and fractional network connections both on chain and cross-chain, with the ability to move around and zoom in and out in 3 dimensions. To access the visualizer, click on “Visualize Network” on the Metaverse tab of Verus Desktop. If you’re interested in seeing the visualizer now, here’s a link directly to the visualizer as part of a recent video members of the community helped make (https://youtu.be/CkgUVjx_g1M?t=43).

NEW PBAAS CAPABILITIES

All PBaaS capabilities, including for application development, are available now on the new Verus testnet. Our goal for interoperability on this new testnet is to launch the Ethereum/Rinkeby bridge in the next couple days. Now would be a good time for development capable projects hoping to get a head start on using Verus’s transformative technologies to do a deep dive on the Verus testnet. These new capabilities in v0.9.2, as well as all those we are familiar with, available nowhere else, will be on mainnet SOON(™):

All fractional and centralized {“proofprotocol”:2} currencies can now issue as a decentralized operation, or with centralized currencies, sell, IDs using their own currency as the payment currency, with options for price, referrals, permission from the currency identity required, which means the transaction must be created or co-signed by the currency identity, or even referrals required, which means that an identity registration must have a referral and co-signature of a referring ID that is either the currency ID or another ID from that currency namespace.
For fully decentralized fractional currencies, ID registration is paid for by burning the specific fractional currency, reducing the supply, and raising the on-chain value of the primary currency relative to its reserves by reducing the current on-chain supply for everyone.
The minimum price of ID registration for fractional currencies can be set in either the fractional currency itself, or in one of its reserves, for example USDC or DAI.
More than the minimum price can be paid for ID registration, which may also include VDXF key and contract bindings to allow for multiple types of content or IP licensing in a single ID namespace.
Each currency, either centralized and/or fractional, can have multiple levels of referral support (limit of 5 levels), meaning that the ID registration fee will be reduced when referred and part of it will be divided evenly among past referrers. The remaining amount of the ID registration fee will be burned for decentralized currencies, or be sent to the currency ID for centralized currencies.

While Native IDs, those registered directly from a blockchain as the name parent, will be able to launch currencies on that blockchain, and if on Verus, actual independent blockchains, IDs issued by fractional or centralized currencies cannot launch currencies, but will still be valuable as revocation and recovery IDs for all other VerusIDs as well as for personalized on-chain and cross-chain addresses with all identity and NFT features, for proofs, for brands, contract binding, on-chain marketplace trading, or login, and will have the ability to cross-prove common ownership with other IDs as well.

The exception to non-native IDs creating currencies, is that *.veth gateway IDs will be available for decentralized registration from the Ethereum bridge converter and will be able to create Ethereum mapped currencies. Registration of .veth IDs will be priced at a level to prevent misuse and support bridge liquidity, with all fees besides the 1 VRSC import fee, which goes into the mining and staking fee pool going to the bridge converter liquidity basket.

All of these features are currently enabled on the v0.9.2 new testnet. Stay connected on the #pbaas-development channel and participate in the launch at no actual cost as a testnet liquidity provider and get some nice testnet IDs, launch your own currencies, or start your exclusive ID-restricted club, governance group, or business.

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

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

# run registernamecommitment name controladdress referral parent sourceoffunds
run 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

# run registeridentity '{ID registration with name commitment}' returntx feeoffer sourceoffunds

run 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 a...

v0.9.1-2

ANNOUNCING PBAAS TESTNET UPGRADE v0.9.1-2, OPTIONAL FOR MAINNET USERS -- MANDATORY FOR TESTNET USERS

v0.9.1-2 RESETS TESTNET -- THERE ARE NO MAINNET CHANGES

IF YOU HAVE ALREADY USED TESTNET WITH VERSIONS PRIOR TO v0.9.1-2, MAKE SURE TO DELETE AND CLEAR ANY EXISTING TESTNET DATA FOLDERS AS DESCRIBED BELOW.

Testnet Featuring Verus PBaaS

The most powerful and interoperable currency, blockchain, and ERC20 launch, scale, and MEV-resistant DeFi platform to exist, all with no programming required!

Verus PBaaS Features Live on v0.9.1-2 Testnet

• Provable or pseudonymous, identity-based currency, liquidity pool, NFT and multi-blockchain, fully decentralized network.
• On-chain 100% decentralized, launches with fair launch and/or crowdfunding options, on-chain auto-refund option for missed targets, automatic Ethereum ERC20 contract deployment, auto-created, MEV-resistant, liquidity baskets and even auto-bridged, merge mineable, fully independent rent-free PBaaS blockchain launches.
• All DeFi AMM conversions are verified via mining and staking as part of the L1 consensus protocol. All conversions in a single liquidity basket are calculated simultaneously for all transactions in any given block, meaning all participants get the same price in all directions of conversion, with a minimum conversion fee of 0.025% and a maximum of 0.05%.
• All currencies and identities are primitives at L1 and are validated and verified on UTXO transactions, which check all inputs and outputs just as single currency L1, such as Ethereum or Bitcoin check the native currency inputs and outputs of transactions.
• All currencies on all independent connected chains, once launched can be sent back and forth to other multi-currency capable networks (currently other independent PBaaS chains and Ethereum as ERC20s).
• Currencies on Verus can also be defined as "mapped currencies", which map 1:1 to an existing currency on Ethereum (eg. DAI), and can then be sent from Ethereum with simple transactions and received and used as the new "mapped currency", or sent back to Ethereum and used there as the original currency.
• Currency launches can raise funds in 3 ways. Each of these fundraising options creates a currency that is not 100% backed, and has a price that responds to market forces. 100% backed currencies do not change their relative price to the underlying basket reserve when they are converted to or from reserves. Fractionally backed currencies, which result from fundraising or endowing launch grants/pre-allocations to DAOs or entities such as foundations, whether time-locked or not, take their funding from a percentage of the reserve backing. Except in the case of a new blockchain launch, which creates new native currency for operating the proof of stake of the blockchain, any currency that uses fundraising options will be a fractionally backed currency which will appreciate when more people convert to it and depreciate when more convert from it. If a launch is refunded due to minimum participation options that are not met, no fundraising is received:
  • Pre-launch discount - all participants contributing to the launch before it goes live on its start block get a discount to the initial on-chain price of the currency. This is usually accompanied by a maximum cap on pre-conversion participation to ensure that the currency would still be in demand when it goes live.
• Pre-launch carve-out - this enables a percentage of each of the initial participation currencies to be carved out of the launch and total reserve ratio in a price neutral manner and sent directly to the launching identity upon successful launch.
• Pre-allocation - this enables some of the newly launched currency to be pre-allocated to one or more identities. If the currency is fractional, this happens in a price neutral manner, and again is subtracted from the reserve ratio. Recipients can optionally be time locked IDs for vesting or unlock periods.

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.

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-signature-ID>@ '[{"address":"<destination_address>","amount":<transaction_amount>}]'
verus z_getoperationstatus <operation_id_returned_by_sendcurrency>

Take the raw hex transaction data provided by z_getoperationstatus to each additional wallet(s) containing the additional signing addresses/IDs:

verus signrawtransaction <raw_hex_transaction>

After the last necessary signature is applied, broadcast on the network using:

verus sendrawtransaction <raw_hex_signed_transaction>

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...

v0.9.1-1

ANNOUNCING MAINNET AND PBAAS TESTNET UPGRADE v0.9.1-1

CRITICAL FOR NOTARIES, POOLS, EXCHANGES, MANDATORY FOR TESTNET USERS, HIGHLY RECOMMENDED FOR ALL MAINNET USERS

v0.9.1-1 includes testnet fixes for the Ethereum bridge launch with advanced features, addresses all known issues on testnet, and includes sync improvements for testnet and mainnet.

Testnet Featuring Verus PBaaS

The most powerful and interoperable currency, blockchain, and ERC20 launch, scale, and MEV-resistant DeFi platform to exist, all with no programming required!

IF YOU HAVE ALREADY USED TESTNET WITH VERSIONS PRIOR TO v0.9.1, MAKE SURE TO DELETE AND CLEAR ANY EXISTING TESTNET DATA FOLDERS AS DESCRIBED BELOW.

Verus PBaaS Features Live on v0.9.1-1 Testnet

• Provable or pseudonymous, identity-based currency, liquidity pool, NFT and multi-blockchain, fully decentralized network.
• On-chain 100% decentralized, launches with fair launch and/or crowdfunding options, on-chain auto-refund option for missed targets, automatic Ethereum ERC20 contract deployment, auto-created, MEV-resistant, liquidity baskets and even auto-bridged, merge mineable, fully independent rent-free PBaaS blockchain launches.
• All DeFi AMM conversions are verified via mining and staking as part of the L1 consensus protocol. All conversions in a single liquidity basket are calculated simultaneously for all transactions in any given block, meaning all participants get the same price in all directions of conversion, with a minimum conversion fee of 0.025% and a maximum of 0.05%.
• All currencies and identities are primitives at L1 and are validated and verified on UTXO transactions, which check all inputs and outputs just as single currency L1, such as Ethereum or Bitcoin check the native currency inputs and outputs of transactions.
• All currencies on all independent connected chains, once launched can be sent back and forth to other multi-currency capable networks (currently other independent PBaaS chains and Ethereum as ERC20s).
• Currencies on Verus can also be defined as "mapped currencies", which map 1:1 to an existing currency on Ethereum (eg. DAI), and can then be sent from Ethereum with simple transactions and received and used as the new "mapped currency", or sent back to Ethereum and used there as the original currency.
• Currency launches can raise funds in 3 ways. Each of these fundraising options creates a currency that is not 100% backed, and has a price that responds to market forces. 100% backed currencies do not change their relative price to the underlying basket reserve when they are converted to or from reserves. Fractionally backed currencies, which result from fundraising or endowing launch grants/pre-allocations to DAOs or entities such as foundations, whether time-locked or not, take their funding from a percentage of the reserve backing. Except in the case of a new blockchain launch, which creates new native currency for operating the proof of stake of the blockchain, any currency that uses fundraising options will be a fractionally backed currency which will appreciate when more people convert to it and depreciate when more convert from it. If a launch is refunded due to minimum participation options that are not met, no fundraising is received:
  • Pre-launch discount - all participants contributing to the launch before it goes live on its start block get a discount to the initial on-chain price of the currency. This is usually accompanied by a maximum cap on pre-conversion participation to ensure that the currency would still be in demand when it goes live.
• Pre-launch carve-out - this enables a percentage of each of the initial participation currencies to be carved out of the launch and total reserve ratio in a price neutral manner and sent directly to the launching identity upon successful launch.
• Pre-allocation - this enables some of the newly launched currency to be pre-allocated to one or more identities. If the currency is fractional, this happens in a price neutral manner, and again is subtracted from the reserve ratio. Recipients can optionally be time locked IDs for vesting or unlock periods.

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.

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-signature-ID>@ '[{"address":"<destination_address>","amount":<transaction_amount>}]'
verus z_getoperationstatus <operation_id_returned_by_sendcurrency>

Take the raw hex transaction data provided by z_getoperationstatus to each additional wallet(s) containing the additional signing addresses/IDs:

verus signrawtransaction <raw_hex_transaction>

After the last necessary signature is applied, broadcast on the network using:

verus sendrawtransaction <raw_hex_signed_transaction>

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...