Look in to Verus!

History in the Making: Five Pioneering Developments in One Release

This week marks the biggest testnet release for Verus and arguably, one of the biggest in DeFi history and the history of money. The core advancement stems from a multi-currency* UTXO-based “basket” that forms one fungible currency with all the benefits of each individual currency, but having the simplicity of one. This can be used as a reserve, and can even be the base reserve and liquidity pool (like Uniswap, Bancor or Balancer) for a token launch or as a gas-free, near-instant conversion mechanism. The system is a fractal, market-driven, and completely liquid worldwide network of independently valued currencies.
In addition to the currency aspects, the way the reserve pool and the consensus algorithm works, it also holds several other novel solutions allowing flexibility in leveraging blockchain technology to work for society.
*There is no current limit for the number of currencies in a multi-currency basket; however, the team is considering limiting it to ten for now. Taken to the extreme, one community member has created “SuperMegaGigaCoin” on testnet, with 12 currencies combined in the basket. All baskets must include VRSC.

5. Liquidity Pools & Conversion in a Blink

Conversion is now as easy as sending currency, without the need for an exchange. Since there is always liquidity inside a multi-reserve currency, soon anyone will be able to convert at any time.
For example: a person has ETH and wants to convert to VRSC. That person converts first to the multi-reserve currency ETH*VRSC using their ETH (one transaction), and then they can convert the ETH*VRSC to VRSC (another transaction). In order for this to operate, ETH will need to be represented on the Verus blockchain. This will be handled by Verus’ decentralized bridging capabilities, which are under development.
There is no fluctuating gas required, but rather a flat fee of 0.025% for conversions, 100% of which goes to the miners and stakers on the Verus network. Plans are in place to add an implied volatility fee, which will be charged variably on imbalanced blocks of transactions, making blocks that change the price of a currency significantly pay more. It will allow for the dynamic balancing of volatility, benefiting liquidity providers by offsetting potential losses (impermanent losses) and giving them the opportunity to earn more for providing liquidity, while incentivizing more stability within pools (see #2 below).

4. An End to Front running

Front running has plagued traditional markets for years, and blockchain tech, with its public ledgers, has made it even easier for traders looking to game the system, especially on decentralized exchanges. But now, Verus’ new release offers the world’s first solution that does away with front-running, latency wars, and gas price wars.
The reserve currency automatically allows for the parallel processing and solving of all DeFi transactions submitted in a block — a significant advantage over Ethereum’s Virtual Machine and other protocols, which are perfectly designed to perpetuate races and zero-sum games, whereby the most savvy, well-financed players gain all the advantages against the average participant. Everyone can interact with the system knowing that they will get the fair price for their transaction — the exact same price for all buys and sells submitted by everyone within that block with zero spread.

3. On-chain Currency Launches

READ more at: https://medium.com/veruscoin/verus-testnet-release-marks-new-advancements-in-crypto-2701bf3e7c3