Verus Coin is a digital cryptocurrency launched in the year 2018. The main person behind this coin was Mike Toutonghi. The main purpose behind creating this coin was to improve the security and privacy system. It uses a combined consensus mechanism of proof-of-work and proof-of-stake known as proof-of-power. It wants to create decentralized, private and interdependent blockchain tools for developers so that they can create products, services and systems for free. This article will throw light on its salient features. We will also discuss its technology and take a look at its use cases. We will dig deep into its current position and its future plans. In short, this content piece will try to help you understand everything about this coin so that you can take the informed decision of whether it is a good idea to invest in this coin or not.

&nbsp;<h2>What is VerusCoin?</h2>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:<ul><li>Accessibility&nbsp;</li></ul>It enables blockchain technology to be available to everyone.&nbsp;<ul><li>Scalability</li></ul>PBAAS is a public blockchain as a Service with the help of which this platform gains unlimited scalability.&nbsp;<ul><li>Security</li></ul>Blockchain security is the ultimate goal of this platform.&nbsp;<ul><li>Interoperability</li></ul>It enables all the blockchains to coordinate with each other.&nbsp;<ul><li>Community</li></ul>It is a community-driven network thus it enables its community to participate in its working.&nbsp;&nbsp;<h3>Technology Behind the VerusCoin&nbsp;</h3>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.&nbsp;<ul><li>Smart Contracts&nbsp;</li></ul>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.&nbsp;<ul><li>Proof-of-power&nbsp;</li></ul>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.&nbsp;<ul><li>Binary Chain&nbsp;</li></ul>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.&nbsp;&nbsp;<h3>Features of VerusCoin&nbsp;</h3>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:&nbsp;<ul><li>Rewards&nbsp;</li></ul>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&nbsp; stakers to invest but also plays an important role in its widespread adoption in the future&nbsp;<ul><li>Privacy-focused&nbsp;</li></ul>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.&nbsp;<ul><li>Multi Platform Wallets&nbsp;</li></ul>This digital coin provides wallets for many different platforms. This makes it a best choice for huge transactions and cross-border payments.&nbsp;&nbsp;<h3>Use Cases of VerusCoin&nbsp;</h3>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.&nbsp;<ul><li>Payments&nbsp;</li></ul>As a privacy-focused, scalable and secure network this coin is very useful for making quick and low cost payments.<ul><li>Staking&nbsp;</li></ul>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.&nbsp;<ul><li>VerusID&nbsp;</li></ul>This token can be used as a payment method to the protocol for VerusID creation.&nbsp;<ul><li>Blockchains&nbsp;</li></ul>This coin is used to build interoperable blockchains.&nbsp;&nbsp;<h3>How to Buy VerusCoin?</h3>To acquire this coin you can follow the below mentioned easy steps.&nbsp;<ul><li>Search Crypto Exchange&nbsp;</li></ul>Search for a reliable cryptocurrency exchange that supports this token. Do a detailed research about the cryptocurrency exchange for security purposes.&nbsp;<ul><li>Account Creation&nbsp;</li></ul>Create Your account on that exchange and complete all the necessary authentication processes.&nbsp;<ul><li>Fund Deposit&nbsp;</li></ul>Deposit funds into your account. Some exchanges accept fiat currencies while some accept cryptocurrencies.&nbsp;<ul><li>Purchase Order</li></ul>Once the funds are deposited place purchase orders for the required amount of coins.&nbsp;<ul><li>Check Coins Credited</li></ul>When the purchase order gets verified the coins will be credited into your account.&nbsp;<ul><li>Wallet Transfer&nbsp;</li></ul>For security purposes transfer the coins into safe wallets. This network has its own safety wallet which assures better security of coins.<ul><li>Check on Regular Basis&nbsp;</li></ul>Check the wallet on a regular basis to make sure that everything is up to the mark and to avoid any mishaps.&nbsp;&nbsp;<h3>Future Outlook of VerusCoin&nbsp;</h3>This coin has a bright future ahead. This is because of the following reasons:&nbsp;<ul><li>It has many unique features that users can enjoy.&nbsp;</li><li>Its strong and innovative technology serves as a backbone for the network.&nbsp;</li><li>The developers are continuously working to bring new technologies and features that can make the users experience more satisfactory.</li><li>The new user cases and user participation can bring widespread adoption and recognition for the network.&nbsp; &nbsp;</li></ul>Conclusion&nbsp;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.&nbsp; &nbsp;

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VerusCoin (VRSC) 30 Days Historical Price Data

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