1. VSYS blockchain development
Recent developments of VSYS focuses mainly on deploying smart contract support. Smart contracts allow users to write code that is stored on the blockchain which will be executed upon some predefined condition.
Smart contracts will support the issuance of custom tokens, enabling users to customize the functionality of their own tokens. Contracts can be written so that tokens can represent underlying assets. The potential of token economies is endless. It is very likely to overturn the existing economic model in the future.
Tests are being performed on Testnet to ensure that Mainnet remains secure.
The wallet has completed the development of the Token function and supports issuance Token with the new smart contract feature. Users will be able to create, issue and transfer tokens with ease.
The advanced Token feature is developing in progress.
Some well known 3rd party wallet integration is working in progress.
Other features that are receiving an overhaul are the VSYS explorer, the official website and the VSYS monitor.
The VSYS explorer will be updated so keeping track of blockchain token transactions will be possible. The explorer will be enhanced with a token authentication feature, this will allow users to define their own token symbols and logos, attaching their own brand to it.
The official website now supports Korean as a language option.
The VSYS monitor is receiving an update to include a client separate from the monitor so that its look and user friendliness will be enhanced. The VSYS monitor allows users to easily view the real time activity of nodes, for example, supernode minting rates and efficiencies.
Test & debug:
Stress testing smart contract transactions.
Testing efficiency of new type of transactions.
Testing new feature of VSYS explorer.
Maintenance & Operations:
Regular operations and maintenance: Continued technical support for VSYS Supernodes.
2. Global Community
Korean Kakao Talk group has been set up with the first campaign launched.
More and more Korean bloggers started to report VSYS.
OceanEX, the AI-powered Next Generation Intelligent Digital Asset Exchange listed VSYS Coin.
Primecoin officially became the supernode of VSYS. The Primecoin supernode will distribute minting reward by weekly, the commission is 18%, and currently has nearly 80 million VSYS stakes leased on.
The mining pool in one of the global first-tier exchanges is actively preparing to become the VSYS supernode. We will announce this news in the near future.
The team is actively contacting the world’s top 40 Staking service providers and will work with them in the future to promote the construction of the SPoS miners community. If you or your friends are interested, please introduce to email@example.com
4. Developer Community
Primecoin will integrate itself and its community’s global developer community to collaborate on the upcoming V SYSTEMS smart contracts to develop infrastructure ecosystems such as gaming platforms.
Some of those DEFI applications are now able to test-flight use!
Several app developers who operate more than 100 million global users contact us show a strong willingness to cooperate. In the future, they will develop their blockchain applications based on the V SYSTEMS blockchain.
Please send us an email if you are interested: firstname.lastname@example.org
5. Team and Partners
A number of top blockchain developers from Primecoin and Peercoin North America and Europe, who have extensive development experience joined V SYSTEMS team. This will greatly increase V SYSTEMS’ development capabilities and mainnet development speed.
Peercoin’s co-founder Peerchemist has officially joined V SYSTEMS as a strategist to help V SYSTEMS expand its developer network globally, co-develop innovation decentralized financial applications, and co-build the DeFi ecosystem based on V SYSTEMS platform.
正在全面測試 VSYS 瀏覽器的各項新功能
Peercoin的聯合創始人Peerchemist已經正式加入V SYSTEMS，成為顧問，協助V SYSTEMS發布智能合約後在全球擴展開發者網絡，開發更多的去中心化金融應用，打造DeFi生態網絡。
About V SYSTEMS
In 2016, Sunny King, the inventor of Proof of Stake (PoS) consensus mechanism, gathered a team of the world’s top database scientists and mathematics encryption experts to start the project V SYSTEMS. Through the innovating consensus algorithm and decentralized database cloud platform, the project aims to address the core issues circulating the current blockchain industry — scalability and usage threshold.
By maturing the PoS technology, Sunny King created an elevated version of the consensus algorithm based on supernodes — Supernode Proof of Stake (SPoS). Not only does SPoS inherit the advantages on security and scalability of PoS, but it also brings significant improvements to the shortcomings of PoS, thus making it a highly efficient, stable and secure bottom layer for blockchain.
The major highlight for V SYSTEMS is the world’s first Common Type System blockchain database. Using an object-oriented manner for storage, the database gives high-concurrency, efficient indexing and many more advantages to various blockchain data use cases. It can also support industrial-scale decentralized applications, a key trend ahead of blockchain.
Another key aspect of V SYSTEMS is a development cloud platform equipped with a modular system. With a simple and intuitive design similar to a development engine, V SYSTEMS makes blockchain development as easy and fast as building blocks, thus lowering the entry barrier for companies to develop the blockchain.
The application of V SYSTEMS’s DApps platform including smart contract applications, sidechain applications, and cross-chain applications will focus on mainstream industries such as the finance sector.
Circulating the various innovations of V SYSTEMS is the native token VSYS Coin. The annual amount of additional issuance is fixed at a rate of 5%, and the rate is decreasing every year. The transaction cost destruction model of PoS is also adopted, granting a balanced and healthy economy. More importantly, the design of SPoS allows all coin holders to lease their coin stake to a supernode, and participate in the block production process to get rewards. This significantly improves V SYSTEMS’ immunity against 51% attacks.
The V SYSTEMS mainnet was launched on November 27th, 2018. To achieve a brand new era of the virtual economy, the development team is currently working on tech updates for 2019 and 2020 such as smart contract, blockchain database platform, sidechain and cross-chain in 2019–2020.
Project Name: V SYSTEMS
Official Website: https://www.v.systems
Project Introduction documents: https://v.systems/whitepaper.html
Learn how to participant supernode minting: https://v.systems/supernode.html
About VSYS Coin
V SYSTEMS’ cryptocurrency exchange ticker: VSYS
VSYS Coin lists on exchanges: https://v.systems/start.html
VSYS Coin on coinmarketcap page: https://coinmarketcap.com/currencies/v-systems/
Short Summary for VSYS Coin:
VSYS coins are the cryptocurrency on V SYSTEMS blockchain.
The genesis block produced 5,142,858,000 VSYS Coins, then annually produces a fixed around 283,824,000 VSYS Coins, issued through supernode minting, with a inflation rate around 5% which decreases every year.
About the V SYSTEMS Team
Architect: Sunny King
Sunny King, a legendary blockchain developer, is the inventor of Proof-of-Stake consensus mechanism and creator of three cryptocurrencies/blockchain projects, including V SYSTEMS, Peercoin, and Primecoin. Each project brings important advancements to blockchain technology and its community.
Sunny King Wiki:
Sunny King Twitter:
Sunny King’s statement on the V SYSTEMS public chain:
Core Developer Team Introduction:
The core developer team are experts from ex-Oracle, VMware, Google, Uber, and more other silicon valley tech companies. The leading developer team members are all world’s top database scientists and mathematicians.
Social Medias of V SYSTEMS
VSYS Talk: http://talk.v.systems
VSYS Twitter: https://twitter.com/VSYSCoin
Sunny King Twitter: https://twitter.com/sunnyking9999