🎉 Join us for the biggest party in the #crypto space! Celebrate Verus' 5th birthday and the launch of our groundbreaking PBaaS upgrade at the #LaunchPBaaS block party on May 21, 11:00 AM ET. Games, trivia, prizes, and more await you at
https://verus.io/discord! And as a token of our appreciation, we're giving out special collectibles exclusively to attendees—a keepsake you won't want to miss. 🎁
The mainnet upgrade is an important milestone for Verus I think, but for new users because it may require a higher level of technical knowledge to understand how it works and use it properly. So I want to ask What are the potential security risks associated with Verus PBaaS, and what steps has the company taken to address them? Also, how does Verus PBaaS compare to other blockchain technologies in terms of transaction fees during periods of high network activity, such as during airdrops or ICOs?
The network is actually extremely easy and simple to use, you can launch your own cocanour blockchain without any token or blockchain or even your own liquidity pool and so much more without any coding at all. Verus is a 50% proof of work and 50% proof of stake blockchain.
Attack Resistant
To successfully attack the Verus blockchain, more than 50% of the validation power is needed, called Chain Power. A 51% attack would require a combined value of over 50% of both the chain’s hashpower and its coin supply. For technical information on VerusPoP read the whitepaper (opens new window).
VerusPoP provides a decentralizing effect on the network, incentivizing holders to keep nodes online to support the network. Even if a change in network hashrate happens, the PoW/PoS ratio stays the same: 50/50%
READ MORE:
https://docs.verus.io/overview/verus-proof-of-power.html------------------------------------------
NO company:
Verus is a decentralized public blockchain, a community driven project in the true spirit of Bitcoin. Anyone can participate and contribute, no matter who you are or where you come from.
Fair Launch
Verus had a fair launch, meaning that everyone had, and still has equal opportunity to collect its currency through mining and staking. For Verus this means:
No ICO has been held
No founder or developer fees
No premine
No commercial interests
No rent-seeking behavior
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Transaction fees and high-volume is not a problem Verus is a fractal blockchain.
https://www.youtube.com/watch?v=CkgUVjx_g1M