Written by KomoDeFi Editorial Team on May 6, 2018

First major update

MANDATORY UPDATE software here: http://veruscoin.io/

Includes the following changes, which will activate at block 12800:

1. We noticed that the time locks, while random, were low resolution and traced this to the block random number generator, used only for this purpose. This has been smoothed, and we even used our own VerusHash algorithm to improve the speed. This will activate at block 12800.

2. We had a Zcash setting disabled which is the default state in the Komodo platform to allow direct transfer of coins from coinbases to transparent addresses. Even after we learned about this, we did not use it to speed staking activity because we wanted to be completely fair and believe the setting should be in place. We put in the shieldcoinbase transaction support in the GUI wallet because it was our intent to provide an opt-out privacy model, not opt-in. We believe that opt-out privacy gives everyone more of an option for privacy, by making the choice for privacy itself private. Coinbases being shielded or sent only to private addresses will be an enforced rule as of block 12800.

3. We have enabled our ability to spend our fairly mined UTXOs that we could locate with certainty. To be 100% transparent, is the list of exact UTXOs with links to the explorer: http://veruscoin.io/txids.html. These are our UTXOs, and if anyone can show that any of the addresses are under their control, we will release funds to them immediately. It is likely that we have lost, irretrievably, some 10s of thousands of Verus due to shielding from coinbases for staking and transactions that we simply couldn't confirm for certain were ours. Rather than take any further effort to recover more funds, we will will focus our energy towards making Verus Coin the project we envision.

4. We have made improvements to both sending funds and even added a mining button to the GUI wallet that can show your mining/staking status and hashrate.

Let us know that you've upgraded :)!

Source from discord

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