First a couple of the exciting items. Besides all the improvements and features being activated on Verus at block 227520, this week we completed two very important developments. The first major development is with regards to Electrum server support for Sapling. In our research we could not find Electrum support for Sapling, so we coded support into the Verus Electrum server, which is being tested now for a smooth transition on lite wallets. Secondly, we didnt find an open source solution for upgrading pool software, so we also took on the task of coding support for Sapling into our pool software. Not only does the pool software in VerusCoin github repos now fully support Sapling, it will activate seamlessly at block 227520 for Verus and as open source. This means it can even be used by other projects who are implementing Sapling! It's difficult to adequately communicate the gravity of moving all ecosystem software over in synchrony with our small community team. It was a significant effort and positions us to have full Sapling support throughout our technology.
We also need to share a couple items that aren't so exciting, but we believe its important to let everyone in the community know about imperfect situations as well as successes.
One of the things we love about Verus is the active and supportive community. It's also easy in such a positive environment as this to let our guard down. Unfortunately I personally made such a mistake with regards to the Stex listing. The good news is, we are approved for listing as we announced and VRSC/BTC pairing is coming soon. The bad news is that the messages and email we received asking for 0.2 BTC for the listing was spoofed and by the time we heard back from the real Stex, our payment of .2 BTC had been sent to the scammers BTC address. As it turns out, Stex has progressed significantly since they were a stocks exchange. They have mobile trading apps for Android and IOS, and are now offering USD, GBP, EUR, and JPY markets as well, though listing fees for those are out of our range at this time. It also turns out that the actual listing price for Stex will be 1 BTC, not the 0.2 BTC that the scammers led us to believe. The community donated immediately and generously for the listing, and the Verus Coin Foundation is willing to make up the difference.
This sort of thing happens all the time in these types of projects, but we wanted to be fully open with our community about this occurrence. Also, as this is the first instance of a real scam connected to our Discord, we want to remind all of us to keep our guards up while still recognizing and appreciating what an incredible community we are.
Lastly, although we are absorbing this hit on the Foundation level, we are willing to refund anyone who donated and feels unhappy about this situation. As mentioned, the actual fee to list is 1 BTC and we will be paying the difference of donations and the fee from the Foundation, as we believe this listing is important, as is following through on our commitment to the community. Ultimately, we believe that moving forward with Stex will be the best move for Verus, the project, and the community.
The second item Id like to discuss is the block height vs the date of October 28. Those of you who did the math have no doubt noticed block height 227520 lands us at right about 8:30 PM EDT on October 30 for the activation of Sapling. When first coding Sapling into the Verus code I set this block height to allow a couple days of buffer, in case we found issues while we were testing things, etc. As it turned out, we did not need the buffer and our intent was to update this number to land us directly on October 28 before releasing the upgrade. The task of setting that number back the 2 days was mine, and it simply fell through the cracks, as I was focused on functionality and the importance of the coding and testing to be thorough and completed in time. It was only quite recently that I realized the issue myself and once the working software has been released that isnt something we can now change.
What this means is Verus will still activate at block 227520, as originally stated, with all features described, however that is actually going to occur on October 30 at ~8:30 PM EDT. This is not a problem of course, and we did release Sapling support, a solution for nothing at stake that allows all of us to earn more by catching stake cheaters with plenty of time to hit an earlier date. At the same time, these are corrections to what weve explained so far and we wanted to talk about it and let the community know the adjusted target date of activation.
Looking ahead to this coming week, we hope you will join us in celebrating new capabilities and the activation of arguably the most technically advanced blockchain running today, as we welcome these exciting new Verus technologies when they activate on Tuesday!
If you have any questions or would like to discuss this announcement further, please join us in the #general-discussion channel on our Discord:
https://discord.gg/YqnhueF.