In this weekly report (5th Week of November 2019): Our Supernode Candidate Forbole has written a 4 Steps users’ guideline of VSYS testnet. The newly introduced Staking system will allow all VSYS holders to participate in the development of the projects built on the blockchain. Read the full report below.
1. VSYS Blockchain Development
Mainnet Development
VSYS smart contracts currently supported on the VSYS blockchain, which allow users to easily create their own tokens, and token transactions are validated on the underlying blockchain. The usages of the tokens can be defined by the creator of the tokens whether it be a form of financial instrument, electronic money, or token of utility. The tokens support basic functions such as issuing, sending and destroying, some advanced features such as the split/reverse split functions are also available. These functions are analogous to the stock split in the financial world.
Designs for a deposit / withdraw feature is currently in progress for VSYS smart contracts, this feature will allow smart contract users to store assets (both VSYS and tokens) within smart contracts, where the assets can be utilised by the smart contracts based on a transparent set of rules. One potential usage for this feature in the future will be token staking. Many future functions and usages for VSYS smart contracts will be based on this feature.
Utils Development
The V-Cloud Token service is currently in development, providing organisations with an extremely easy way of integrating with the VSYS Blockchain. Token issuers who wish to quickly and easily set up a token with pre-built applications can do so using this service.
The V-Cloud token explorer has completed development and is currently under code review.
The V-Cloud Token wallet is under development.
DApp integration for the V Browser Extension wallet has begun development.
Trezor wallet app is currently being developed.
Implemented support for Tokens on the Go SDK.
2. Global Community Updates
4 Steps guide to become part of the VSYS testnet
Our supernode candidate Forbole has written a simple guideline for potential VSYS users to run a full node on VSYS Testnet. Please click through to learn more.
Introducing Staking 2.0
Staking 2.0 allows VSYS holders to stake not only VSYS, but also other tokens built on the V SYSTEMS mainnet. Staking 2.0 provides another option for VSYS coin holders to participate in the development of the projects built on V SYSTEMS. Everyone in the VSYS community can participate actively in the blockchain network through staking. Please click through to learn more.
3. Market Overview
Market Cap
VSYS is now ranked at #50 on CoinMarketCap, with a market cap of over US$99 million.
Staking Rewards
This week, VSYS has gained an overall StakingRewards Score of 64.17% on stakingrewards.com,. V SYSTEMS promise to maintain a healthy staking environment for all token user. With VSYS coins, you can easily enjoy the rewards from staking with just a few clicks. Take action now!
Stay Connected
Remember to follow us on below platforms to stay up-to-date with our latest updates and announcements.
Twitter: https://twitter.com/VSYSCoin
Telegram:https://t.me/VSYSOfficialGroup
Medium:https://medium.com/vsystems
YouTube: shorturl.at/mxX09
Reddit:https://www.reddit.com/r/V_SYSTEMS/
Github: https://github.com/virtualeconomy/v-systems
Other Useful Links
VSYS Official Website: https://www.v.systems
Supernode Ranklist: https://vsysrate.com/
VSYS Blockchain Explorer: https://explorer.v.systems/
