New in v0.7.1-5
- This non-mandatory release is compatible with mainnet with minimal changes from v0.7.1-1. It contains fixes necessary to continue participating in the testnet launched in v0.7.1-1, without reset of your wallet or holdings, if you started using the VRSCTEST multi-currency testnet in v0.7.1-1 or later. You should be able to synchronize easily, but if you are unable to synchronize VRSCTEST shortly after connecting, try deleting the data in your VRSCTEST folder, and retain the wallet.dat file.
- Added ability to load coin from file using Verus-Coin-Importer
- Updated Zcash daemon to v3.1.0
Verus Testnet with Multi-currency Fractional Reserves and Currency Launch Protocol
Verus multi-currency fractional reserve baskets are UTXO-based, fractional reserve currencies with anti-front running, simultaneously solved, provably fair liquidity system for all currencies and tokens in or imported into the PBaaS system.
While Verus daemon v0.7.1-4 has no improvements for mainnet operation, it offers full support for the new Verus Testnet multi-currency technology preview. On testnet, the new "sendcurrency" API, which is already available on Verus mainnet in its simplified form, is enhanced with new multi-currency parameters. The first parameter, "currency":"currencyname" - where the default on testnet for currency name is "vrsctest", specifies the source currency of the send. The next, "convertto":"currencyname", allows conversion from one currency to either a fractional currency where it is a reserve or a reserve of the fractional currency of the source.
An end to front running
Conversion will always be at the same rate as all conversions processed in one group of transactions. There is also no spread between the conversion to and from a currency. All transactions in a aggregation of import blocks, which will be detailed in later documentation, are simultaneously solved in all currency conversion directions and all converted at the same rate, all getting the same price in each direction as any person who may be exchanging in the other.
There is a fee, 0.025% for conversions, 100% of which goes to miners and stakers. While it is not yet implemented, we also intend to add an implied volatility fee, which will be charged variably on imbalanced blocks of transactions, making blocks that change the price of a currency significantly pay more of an implied volatility fee, and ensuring that relatively volatile currency baskets offset any potential impermanent loss to liquidity providers risk with earnings from implied volatility fees. At the same time, currency baskets that are less volatile relative to the constituent currencies will typically have lower implied volatility fees and lower earnings for liquidity providers to offset a lower risk of impermanent loss.
The Best Way to Launch a Currency
Currency launches with Kickstarter-like minimums to activate or, if not met, automatically refund, dynamic currency launch pricing, based on participation, pre-launch participation price discounts, pre-conversion reserve currency carveouts, and price-neutral launch pre-allocations, all specified in easy to understand commands and parameters, no programming necessary!
Currencies can be launched to accept a range of other currencies and with or without fractional reserve capabilities. Verus import/export protocol was designed to make integration with other block chains provable and easy, and there are already external bridges in progress that expect to enable automatic send/receive of any Verus network token between Verus and ETH/ERC20 tokens, where currencies can be sent between Verus and ETH, expressed as Verus currencies on the Verus network, and exposed automatically on ETH as an ERC20 token.
While this 0.7.1 testnet enables on-chain token currency definition, the same advances will soon be available on the Verus merge mining and multi-chain technology which was running on testnet last year. When enabled, this will make it possible for Verus network chains to operate fully independently, yet be dynamically merge mineable along with Verus and up to 20 other Verus network blockchains on a single hash, earning rewards and powering all chains simultaneously. All network blockchains will provide the same fractional currency capabilities, both for on-chain tokens as well as native zk-SNARK supporting currencies as well.
Testnet Reset
The testnet was deleted and relaunched on this release. IF YOU HAVE LAST LAUNCHED VRSCTEST FROM A VERSION PRIOR TO THIS, PLEASE DELETE THE FOLLOWING DIRECTORIES BEFORE RUNNING THIS NEW UPDATE:
Linux:
~/.komodo/VRSCTEST
~/.verustest
MacOS
Users/{YourUserName}/Library/Application Support/Komodo/VRSCTEST
Users/{YourUserName}/Library/Application Support/VerusTest
Windows
"%APPDATA%"\Komodo\VRSCTEST
"%APPDATA%"\VerusTest
Launching the testnet:
./verusd -chain=VRSCTEST
Disclaimer
This is experimental and unfinished software. Use at your own risk! No warranty for any kind of damage!
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:
The enclosed copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
MacOS:
https://www.virustotal.com/#/file/1a77bbb14487787666fe0a05d2fd9f7dbdd4dcc141d8885028687a66a3eac555/detection
Linux-AMD64: https://www.virustotal.com/#/file/da5dc99d1ea232723868624e4e71c0144120a98ea77217cc3ef670b4d73958f4/detection
Linux-ARM64: https://www.virustotal.com/#/file/33a3e84665b44cf5ffff58ca03790ef4d8a2f27d6f412edfdc40c65101475c80/detection
Windows:
https://www.virustotal.com/#/file/1df20165fe08d5fd6480c255334b1191cc688def4e60df837b19ebc151203e39/detection
Avast and Kaspersky may flag the software as "not-a-virus" or "PUP". These are warnings that you are installing mining software, which may be installed by a third party to exploit your PC.
To find out more about the false positives, review the following resources:
https://blog.malwarebytes.com/detections/pup-optional-bitcoinminer/
https://www.kaspersky.com/blog/not-a-virus/18015/
Verifying Downloads
A txt file containing the signer, standard sha256 file checksum, and signature, is included for each download. These packages have been signed with the identity "Verus Coin Foundation Releases@".
- Extract downloaded archive
- Verify signature for the extracted app or installer using the extracted textfile.
- Run installer or place appimage in desired directory