Written by KomoDeFi Editorial Team on May 8, 2021

Verus Release - No Code PBAAS Released With Liquidity Pools

@everyone Announcing v0.7.3 CRITICAL mainnet upgrade and the world premiere of the Verus Project’s new PBaaS technology multicurrency, multichain DeFi protocols, and immediate public availability of its fully functional, multichain testnet.

Soon is today! With no 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.

Since tomorrow at 19:00 UTC, we have the community marketing call for all who want to join, we will take that opportunity to provide a starter on how someone can create a PBaaS chain with a simultaneously launched DeFi currency bridge, and hold a community Q&A session about this new technology.

This testnet includes following capabilities, which to our knowledge are not available on any other decentralized platform.

Self sovereign, revocable, recoverable identities (currently on mainnet) with zero-knowledge privacy support (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 locked, but still allowing seamless staking of funds.

Multi-currency, user created, decentralized tokens and merge-mineable, interoperable blockchains without programming - Enables any user with an ID to create their own token currency or even full-fledged, multi-currency, ID-issuing 50% POW/50% POS, 51% hash attack resistant blockchain that can send and receive from the Verus chain which launched it.

Consensus integrated DeFi liquidity pools and fractional currency baskets - Enables any ID owner to define Verus DeFi fractional basket currencies with one or more asset currencies backing the liquidity pool at a fractional percentage ranging from 5% to 100%.

Blockchain-based, crowdfunding currency launches with minimum participation or automatic refunds, including for dual launches (blockchain and bridge) - Enables you to set required minimum levels of worldwide participation in your preferred currencies on chain. If by the start time of your currency, minimums are not met, all participants will automatically get their pre-conversions (minus network fees) refunded.

Simultaneous blockchain and blockchain liquidity pool launches - Enables the launch of a world class, worldwide, merge-mineable blockchain along with a fully decentralized or centralized “bridge” converter liquidity pool as part of defining a new blockchain.

An interoperable, multichain network for new use cases and unlimited scale - Allows for the creation of an unlimited number of interoperable blockchains in the Verus network.

Merge mining of up to 22 blockchains simultaneously - Lets you multiply your hashpower by up to 22x by mining multiple chains at the same time, on the same hashpower.

Blockchain fee pools and anti-front running - Addresses MEV and more elegantly solves the EIP1559 problem with a block reward independent economy.


CONGRATULATIONS TO THE ENTIRE COMMUNITY!! GUI releases for all platforms: https://github.com/VerusCoin/Verus-Desktop/releases/tag/v0.7.3 CLI releases for all platforms: https://github.com/VerusCoin/VerusCoin/releases/tag/v0.7.3


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