In this weekly report (2nd Week of June 2020): New smart contract functionality (Fermat Contract, node version 0.3.0) has successfully been deployed to the Testnet with extensive tests currently being run. Hackernoon has featured VSYS Portal Payment Channel. Bithumb officially started IPX staking service last week. Please read the full report below.
- VSYS Blockchain Development
Mainnet Development
New smart contract functionality (Fermat Contract, node version 0.3.0) has successfully been deployed to the Testnet. Extensive tests are currently being run to ensure the functions are robust, users are welcome to set up a Testnet node and try the new functionalities.
The main ideas of the updates (VSYS payment channel, non fungible contract and lock contract) have been discussed before during the development period. The key motivation behind this update is to increase blockchain usability beyond traditional payment methods. To accommodate the diverse interactions between users, the next version of VSYS will allow a large number of new applications, high frequency transactions, micro-transactions, pay-by-use for service providers, proof of ownership, and many others.
A contract allowing atomic swaps is also being developed, cross-chain swaps, or VSYS to token swaps will be possible.
Utils Development
The V Cloud service is getting ready to release, providing organisations with an extremely easy way of integrating with the VSYS Blockchain. Blockchain user who wish to quickly and easily set up a blockchain system with pre-built applications can do so using this service.
In V Could development, the market place of new platform are under developing (Order module on the server side and some functions of the service provider client module). The new version of origin platform is running on testnet.
V JavaScript version SDK is developing Fermat contract support. Other programming language version SDK support for new contract are being planned.
V web wallet is developing new contract support. In new version, user can deposit/withdraw token and v coin to/from contract.
More Node Monitor Tool is discussing and researching.After development completed, they will open to public use in the future.
2. V Systems Blockchain as a Database
“At V Systems, we’ve been working to ensure that creating Distributed applications is just as easy as developing traditional software uses a regular database as your back end.” — Jacob Gadikian, V Systems Developer Advocate
3. Global Community Updates
VSYS Portal Payment Channel Catches Developers’ Eyeballs on Hackernoon
The Portal Payment Channel smart contract to be released by V Systems has attracted the attention of developers
Hackernoon is a well-known independent technology website focusing on publishing related blogs and KOL views. A recent article on smart contract applications mentions the Payment Channel that V Systems soon to release. It is believed that the launch of VSYS 2.0 will receive a lot of attention from developers. Please read the following article for details.
Bithumb Launchess IPX Staking Service
Bithumb started offering IPX staking service on June 8. IPX is the third staking cryptocurrency Bithumb supports after IOST and Luna. Check the official announcement from Bithumb for more details.
4. Market Overview
Market Cap
VSYS is now ranked at #110 on CoinMarketCap, with a market cap of over US$47 million.
Staking Rewards
This week, VSYS has gained an overall StakingRewards Score of 70.96% 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!
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
