V Systems
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V Systems

Weekly Report 2020–2nd Week of April

In this weekly report (1st Week of April 2020): Our Chief Architect Sunny King has entered the Cointelegraph Top 100, and is ranked #33 in the list of most important and influential people in the cryptocurrency and blockchain world. Bitfinex has launched a staking service that supports V Systems. Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

New Opcodes are being developed for a more powerful smart contract platform.

Other than this, there are several specific functions being developed:

A non-fungible contract feature is entering testing stages, the non fungible contract will contain an undividable token. The token’s ownership can then be transferred freely, closely mimicking a traditional product.

A lock contract feature based on the deposit / withdraw function is entering testing stages, users will be able to store VSYS or tokens on these contracts and lock these assets for some period of time.

The V Systems payment channel is currently also entering testing stages, the payment channel is a smart contract that can store VSYS or tokens, allowing users to keep a majority of payment transactions off-chain. This can potentially save a large amount of transaction fees for users who deal with a lot of transactions between the same parties.

Utils Development

V Web Wallet is enhancing user experience to make the user interface more friendly. Listing certificated Token feature is developed. Users will be able to use them in the next release.

The V Cloud service is getting ready to release, providing organisations with an extremely easy way of integrating with the VSYS Blockchain. Blockchain users who wish to quickly and easily set up a blockchain system with pre-built applications can do so using this service.

V Could top-up is doing adjustment and optimization. The development of V Cloud web terminal feature entered the internal testing stage. The development of V full node service is almost done. The next stage function and database related function is under researching and experimenting.

More Node Monitor Tool is discussing and researching.After development is completed, they will open to public use in the future.

Integration with General Bytes (a cryptocurrency ATM) is currently in development

2. Global Community Updates

Sunny King Entered the Cointelegraph Top 100

Our Chief Architect Sunny King has entered the Cointelegraph Top 100, and ranked #33 in the list of most important and influential people in the cryptocurrency and blockchain world. Congratulations!

Bitfinex Launched Soft Staking Program to Support VSYS

Bitfinex has launched a new soft staking program that allows its users to easily and securely generate rewards by simply holding their digital tokens on the platform. VSYS staking rewards can be as high as 10% per year. Please read below for details.

Staking 2.0: Scaling the VSYS Ecosystem

It’s been a few months since we first introduced Staking 2.0. This new mechanism and staking approach is bringing us closer to the wider ecosystem. Let’s examine how it works in Tachyon Protocol (IPX) in order to drive adoption and promote community growth.

Tachyon (IPX) Bootstrap Program

Tachyon(IPX) has officially launched a bootstrap program. The staking payment will be doubled from the usual 5% to 10% to attract the best node operators and get the network up and running. Please read the article below for details and join us now!

Bithumb Global x IPX Event

Bithumb Global is co-hosting a “100,000 IPX Grand Prize Pool” event with Tachyon Protocol now. Please come and join here!

3. Market Overview

Market Cap

VSYS is now ranked at #74 on CoinMarketCap, with a market cap of over US$50 million.

Screenshot from CoinMarketCap on 10 Apr 2020

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 66.38% on stakingrewards.com. We promise to maintain a healthy staking environment for all token users. With VSYS coins, you can easily enjoy the rewards from staking with just a few clicks. Take action now!

Screenshot from stakingrewards.com on 10 Apr 2020

Stay Connected

Remember to follow us on the platforms below to stay up-to-date with our latest updates and announcements.

Official Forum: https://forum.v.systems/
Twitter: https://twitter.com/VSYSCoin
YouTube: shorturl.at/mxX09
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



V Systems is a general purpose blockchain database for decentralized applications. Led by Sunny King, the inventor of PoS, we aim to deliver scalable and durable decentralized database cloud technology with high finality, performance and the highest resistance to 51% attacks.

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V Systems

A blockchain platform that supports the efficient and agile development of decentralized applications. Visit our website at www.v.systems