VerusID: First Decentralized and Self-Sovereign Identity of Its Kind
The first self-sovereign, decentralized identities on the blockchain of its kind. A VerusID is a blockchain address that can hold funds and stake Verus. Future proof and packed with advanced capabilities. In this permissionless system anyone can create a VerusID and have complete ownership..
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Always remember your crypto address.
Set (time) locks for theft proof staking and workflow.
Revoke spending abilities on your identity.
Recover funds and UTXOs to an assigned identity.
Create unforgeable signatures for files and messages.
Multiple identities can control one identity.
Attach a private address (Sapling).
Send and receive private messages.
Always remember your crypto address
Each VerusID has an easy to remember name, chosen by you. No more hassle with copying long complicated addresses or being scared of making a typing error.
All characters from all character sets except /:*?"<>|@. are available to create your own VerusID, with a maximum of 64 characters. All identities end with the @ sign.
The Verus Foundation identity is Verus Coin Foundation@
Verus Vault is a lock mechanism to create virtually theft proof security for your funds and workflow. When a VerusID is locked, it can't spend, but it can still receive, hold, and stake funds. It can also still be used for signing.
A VerusID can be locked indefinitely. Or locked and will unlock only after: an unlock has been requested, and a predetermined amount of time elapses after the request. Or unlocked.
Even when an identity is locked, its spending power can still be revoked, and thus recovered. More about revoking and recovering in the next part.
Revoking and Recovering
Each VerusID can be revoked and recovered by another identity that you authorized. The revokeID and recoverID are specified by yourself.
Verus believes that this functionality is critical for any system of self-sovereign identities; users need a path to recover their identities if their private keys are lost or stolen, otherwise there is just too much risk in a self-sovereign system where an identity can become inaccessible with a single mistake.
It’s now possible for the first time ever that you can recover from private key loss or theft in a completely decentralized, self-sovereign way.
Verus enables free verifiable digital signatures for all through the VerusID protocol. Sign and verify data, files and messages with your own VerusID.
A great example is the Verus Coin Foundation signing the Verus Desktop binaries. Users can verify if the software is legit and not manipulated by bad actors.