Technology Deep Dive: Inside Verus
We are an open-source platform available to anyone. We supply tools for individuals and organizations to build equitable frameworks for social and economic change.
The initial Verus release was pre-announced on Bitcointalk with zero premine, and team members mined and staked along with everyone else to generate coins. The Verus developers donated their early mining and staking proceeds to a community foundation, which has also been supported with other community donations in order to support the ongoing growth and project development by core developers and the community for years to come.
Community driven project in the true spirit of Bitcoin
No ICO was held
No coins were pre-mined
No founder or developer fees
Launch Date: May 21, 2018
Coin Ticker: VRSC
Average Block Time: 1 minute
Max Supply: 83,540,184
Consensus Algorithm: Verus Proof of Power - 50/50% Proof of Work (PoW) / Proof of Stake (PoS)
Hash Algorithm: VerusHash 2.2 - Designed to level the playing field across hardware classes
UTXO-based, with zk-SNARKs-based zero-knowledge privacy