VerusCoin VRSC White Paper

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Hello and welcome to this blog post about VerusCoin VRSC White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the VerusCoin VRSC white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the VerusCoin (VRSC).

I can ensue you that, you will be able to understand every bits and pieces related to VerusCoin (VRSC) after going through the VerusCoin VRSC white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

VerusCoin VRSC White Paper

VerusCoin VRSC white paper will be going to provide you, all the information that is needed to get started with VerusCoin (VRSC), including the inspiration for creating, the problem it is trying to solve and the solution proposed by VerusCoin (VRSC).

Abstract

The Verus Project aims to establish a secure, privacy-centric, fairly-distributed cryptocurrency. But – beyond this currency – Verus seeks to become much more than a zero-knowledge privacy coin, one with two completely new highly-decentralizing proof of work and proof of stake algorithms.

In addition to payments, decentralization, and privacy features, Verus Project plans include its direct use as a currency for provisioning scalable and secure public blockchains as a service (PBaaS), for Verus applications built upon these parallel chains to scale. What this will do is simple: It will enable all people – as well as all nodes on the Verus network to participate in and benefit from a decentralized, blockchain service economy.

This paper details the Verus vision and describes the function of Verus as its own platform, and also as a member of the Komodo platform ecosystem, in the context of its first applications. Verus core applications will provide a foundation to build additional applications and services, which will leverage Verus’ automatically created blockchains, called autochains. Autochains – or PBaaS – will be provisioned and notarized by the Verus blockchain miners and stakers, in exchange for Verus currency.

Autochains will be validated through proof-of-stake by their user populations. In addition to extremely scalable, dynamic, publicly-secured autochain applications, this will add a dynamic isolation and security component to applications that can also create, manage, and verify transactions on the main Verus chain or any other Komodocompatible, Crypto-Conditions [17], Interledger Protocol [25] enabled blockchains. The ways we apply this technology to our world – to our biggest contemporary challenges – has the potential to completely remake the fabric of our society.

White Paper Link: VerusCoin VRSC White Paper

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