Rob Zhang, Co-Founder of V SYSTEMS, Discussed the Emerging Trend of Staking in the Blockchain Industry
On 10 July, Rob Zhang, Co-Founder of V SYSTEMS, a general purpose blockchain database for decentralized applications, participated as one of the keynote speakers at the StakingCon in Beijing, China on the theme of Staking.
Organized by ODaily and Blockbeats, StakingCon was the first ever large-scale offline event in the world of digital encryption with the theme of Staking Ecology. Over 500 attendees are present in the event included more than 50 media outlets and dozens of industry partners. The main objective of the event is to play a pioneering role in the popularization and promotion in Staking. StakingCon will also enable people to have a clearer understanding of overseas projects and initiatives.
During the event, Zhang emphasized the features of V SYSTEMS, including its high scalability through Supernode Proof of Stake (SPoS) as one of the four pillars at V SYSTEMS. Other features included smart contracts for easy deployment and safer contract development, the multiple purposes for blockchain databases in the form of easy-to-deploy application specific sidechains to support high transaction volumes, and VSYS Coins. Ultimately, the goal of V SYSTEMS is to offer future blockchains a self-governance infrastructure. With SPoS and its modular design, the platform’s advantage allows a user-friendly experience for developers seeking to build their own blockchain applications.
Furthermore, Zhang highlighted that V SYSTEMS’ Current Value Locked by Sarking worths around US$197 million, ranked 7th in the industry according to stakingrewards.com. V SYSTEMS was ranked 5th overall in Staked Rewards’ metric on Top Crypto Assets by Value Staked, with US$201 million in value. Zhang also made a prediction regarding the future of the staking economy, and projected that PoS would achieve the majority as the market capital (52%) in 2024, overtaking Bitcoin’s majority in market capital.
About V SYSTEMS
V SYSTEMS is a blockchain database cloud project. Created by Sunny King, father of Proof of Stake (PoS), V SYSTEMS is powered by Supernode Proof of Stake (SPoS) consensus mechanism that focuses on the development of DeFi applications in it blockchain ecosystem, covering financial fields such as mortgages, savings, loans, insurance, transactions and derivatives.
Sunny King is renowned as a legendary blockchain developer and cryptocurrency pioneer. His previous cryptocurrency and blockchain projects — Peercoin and Primecoin were once ranked the top three and top ten cryptocurrencies by market capitalization respectively. Vitalik Buterin, Founder of Ethereum, commented highly on King as the single most original altcoin developer during that time.