Weekly Report — 2nd Week of August 2020

V Systems
V Systems
Published in
3 min readAug 14, 2020

In this weekly report (2nd week of August 2020): The Fermat release of smart contracts activated successfully last week while maintaining the stability of the system. Our flagship ecosystem project Tachyon VPN has reached 1 million global users. IPX is officially listed on South Korea’s top exchange Coinone. Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

The Fermat release of smart contracts activated successfully last week while maintaining the stability of the system. This update serves as a step towards supporting more complex interactions between users of blockchains beyond traditional payments. The latest Fermat smart contract includes three major pillars: lock, non-fungible tokens and payment channels. Please read the article below for more details.

Utility Development

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.

The development of the first release of V Cloud Market is almost done. Now VM supplier is integrated, which VSYS payment is supported.

V web wallet the feature of deposit/withdraw token and v coin to/from contract is developed and currently deployed to Mainnet web wallet http://wallet.v.systems .

The development of V Javascript version SDK for Fermat contract support is done and published to NPM. Python version SDK is developing Fermat contract support. Other programming language version SDK support for new contracts are being planned.

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

2. Global Community Updates

Flagship Ecosystem Project Tachyon VPN Reached 1 Million Users

Tachyon VPN gained ONE MILLION users and over 700k monthly active users in 6 months! Celebration will last for the entire August. There will be more exciting news. Please stay tuned!

IPX is Officially Listed on Coinone

IPX is officially listed on South Korea’s top exchange Coinone to support IPX/KRW trading pairs today. Please read the article below for more details.

3. Market Overview

Market Cap

VSYS is now ranked at #135 on CoinMarketCap, with a market cap of over US$62 million.

Screenshot from CoinMarketCap on 14 August 2020

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 66.46% 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 14 August 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
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

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V Systems
V Systems

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