Developer of blockchain technology intended to provide lightweight block mining and consensus algorithms for blockchains. The company's technology allows fast, decentralized and fair validation of transactions and block mining, due to the lightweight nature of the algorithm, the launching and running of a node are simplified and made accessible for everyone, enabling users with a consensus algorithm that aims to solve many of the issues currently present with both proofs of work and proof of stake.Versatus is now building a "stateless rollup" called LASR. The rollup chain doesn't maintain the entire state or data, which can lead to enhanced scalability. A stateless rollup takes "only the absolutely necessary data" of transactions and settles it on the base layer.

December 6, 2023, Versatus (formerly VRRB Labs) has raised $2.3 million in seed funding at a valuation of $50 million. The startup was previously building a Layer 1 network and now has pivoted to blockchain scaling.

Versatus (VRRB Labs)

Versatus is a decentralized compute stack that enables Web2 developers to seamlessly transition to Web3 and build without barriers.

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