Written by KomoDeFi Editorial Team on November 15, 2021

Verus Release - Market Place for Verus ID and NFTs

@everyone Announcing MANDATORY Verus v0.9.0 Mainnet Release of Verus Vault and the on-chain NFT and ID Marketplace TO REMAIN CONNECTED TO THE MAINNET VERUS BLOCKCHAIN, YOU MUST UPGRADE FULL NODES TO v0.9.0 OR LATER BY BLOCK 1796400, which is expected to occur on or around Monday, November 29th at 6:15PM UTC.

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 funds storage model 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 time 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.

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

Countdown to Activation

https://countdown.verus.io/activation/

CLI: https://github.com/VerusCoin/VerusCoin/releases/tag/v0.9.0

GUI: https://github.com/VerusCoin/Verus-Desktop/releases/tag/v0.9.0

https://discord.com/channels/444621794964537354/449633429198340106/909716981375205426

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