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Verus Coin is a privacy-oriented project that utilizes zero-knowledge technology. It aims to provide Public Blockchains as a Service (PBaaS). The project introduces a new consensus algorithm called Proof of Power (PoP), which combines 50% Proof of Work (PoW) and 50% Proof of Stake (PoS). This algorithm addresses weaknesses found in other PoS systems.
Verus Coin's PoP algorithm is reportedly immune to 51% hash attacks, making it highly resistant to double-spending on public blockchains. Additionally, Verus utilizes VerusHash 2.0, a quantum-resistant hash algorithm that aims to bridge the performance gap between CPUs, GPUs, and FPGAs.
The project's vision is to enable automatic blockchain provisioning through PBaaS, facilitated by Verus miners and stakers. Verus Coin claims to be a community-driven project with a fair launch, as it has no ICO or premine.
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What is Verus Coin?
Verus Coin is a privacy-oriented project that aims to offer Public Blockchains as a Service (PBaaS) using zero-knowledge technology. It introduces a unique consensus algorithm called Proof of Power (PoP), which combines 50% Proof of Work (PoW) and 50% Proof of Stake (PoS) to address weaknesses in other PoS systems. The Verus PoP algorithm is designed to be provably immune to 51% hash attacks, making Verus one of the most double-spend resistant public blockchains. Additionally, Verus utilizes VerusHash 2.0, a quantum-resistant hash algorithm that aims to optimize performance across CPUs, GPUs, and FPGAs. The project's vision is to enable automatic blockchain provisioning with PBaaS, facilitated by Verus miners and stakers. Notably, Verus claims to be a 100% community-driven project, with no initial coin offering (ICO) or premine.
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