VerusCoinVRSC to AUD

What is VerusCoin?

It is a cryptocurrency built to provide an extra layer of security and privacy. It is a dependable and open decentralized blockchain network for the whole world. It uses Proof-of-power consensus mechanism which is the combination of Proof-of-Work and proof-of-stake. Its agreement presents blockchain tools for developers and associations to build products, services and systems for free without paying any rent. Its multi-chain agreement is also useful for miners and stakeholders. Its main aim is to provide an improved form of the following functions:

• Accessibility 

It enables blockchain technology to be available to everyone. 

• Scalability

PBAAS is a public blockchain as a Service with the help of which this platform gains unlimited scalability. 

• Security

Blockchain security is the ultimate goal of this platform. 

• Interoperability

It enables all the blockchains to coordinate with each other. 

• Community

It is a community-driven network thus it enables its community to participate in its working. 

Technology Behind the VerusCoin 

This coin's network uses some of the most robust technologies. The below mentioned are some of these technologies that work as a foundation for this network or platform. 

• Smart Contracts 

It uses smart contracts to conduct the agreement automatically. This network uses the Inter-chain Smart Contracts that can work inside its own blockchain as well as can coordinate with other blockchains. This helps in the development of interoperability. 

• Proof-of-power 

This coin uses the combination of Proof-of-Work and proof-of-stake consensus mechanism known as proof-of-power. This combined mechanism enables equal allotment of mining rewards. This encourages miners and stakers to take part in the network's governance. 

• Binary Chain 

This is another strong and unique technology used by this coin. Binary Chain is a double chain system. The first chain is used for regular transactions and the second chain is used for smart contracts. This unique technique helps the network to provide enhanced scalability and efficiency. 

Features of VerusCoin 

This coin furnishes its users with some very unique and exclusive features. These features differentiate it from the other digital coins in the ecosystem. These features are as follows: 

• Rewards 

This digital currency enables its users to stake their coins and participate in the network's governance and security. The users in return are provided with rewards. This not only helps to encourage more  stakers to invest but also plays an important role in its widespread adoption in the future 

• Privacy-focused 

This network is Privacy-focused platform. The main aim of this coin is to provide privacy to its users. Thus it uses enhanced privacy features that includes zero-knowledge proofs to ensure the users get full privacy for their transactions. 

• Multi Platform Wallets 

This digital coin provides wallets for many different platforms. This makes it a best choice for huge transactions and cross-border payments. 

Use Cases of VerusCoin 

This platform has a native coin known as VRSC token. This coin has a variety of use cases spread across many different industries. It is one of the most powerful and helpful tokens. Below mentioned are some of its use cases. 

• Payments 

As a privacy-focused, scalable and secure network this coin is very useful for making quick and low cost payments.

• Staking 

This coin network allows staking. The coin holders can stake their tokens. This will earn them rewards and they are liable to take part in the network's governance. 

• VerusID 

This token can be used as a payment method to the protocol for VerusID creation. 

• Blockchains 

This coin is used to build interoperable blockchains. 

How to Buy VerusCoin?

To acquire this coin you can follow the below mentioned easy steps. 

• Search Crypto Exchange 

Search for a reliable cryptocurrency exchange that supports this token. Do a detailed research about the cryptocurrency exchange for security purposes. 

• Account Creation 

Create Your account on that exchange and complete all the necessary authentication processes. 

• Fund Deposit 

Deposit funds into your account. Some exchanges accept fiat currencies while some accept cryptocurrencies. 

• Purchase Order

Once the funds are deposited place purchase orders for the required amount of coins. 

• Check Coins Credited

When the purchase order gets verified the coins will be credited into your account. 

• Wallet Transfer 

For security purposes transfer the coins into safe wallets. This network has its own safety wallet which assures better security of coins.

• Check on Regular Basis 

Check the wallet on a regular basis to make sure that everything is up to the mark and to avoid any mishaps. 

Future Outlook of VerusCoin 

This coin has a bright future ahead. This is because of the following reasons: 

• It has many unique features that users can enjoy. 
• Its strong and innovative technology serves as a backbone for the network. 
• The developers are continuously working to bring new technologies and features that can make the users experience more satisfactory.
• The new user cases and user participation can bring widespread adoption and recognition for the network. 
   

Conclusion 

This is the best digital currency for someone who is looking for privacy, security and a scalable blockchain network. It is the perfect option for them because its unique combination of consensus mechanism and its multi platform wallets makes it a best choice for day-to-day transactions as well as cross-border payments. Although it has many features that are enjoyed by its users and a wide range of use cases there are still certain unavoidable Challenges like volatility, regulatory uncertainty and competition that should be considered before making investment decisions.