V Systems
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V Systems

Weekly Report — 2nd Week of September 2020

In this weekly report (2nd week of September 2020): The atomic swap contract is currently in its test stages. In later releases, cross-chain swaps, or VSYS to token swaps will be possible. Once the contract feature is sure to be robust it will be released for public usage. Our Chief Architect Sunny King had a quick and informative Q&A with our supernode Staked.Tachyon’s Node Manager 2.0 has started an invitation-only testing in its node community. Please read the full report below.

1. VSYS Blockchain Development

⛓️ Mainnet Development

The release of new contract features in the Fermat update is finalised and is stable. Users can freely use the designed contracts. Read the link below for more details.

Unit tests for a large amount of opcodes have been completed, further contract development and unit testing will continue. There is already a large number of opcodes and the possible computations that can be performed on the V Systems blockchain through contracts are vast. Opcodes are currently being designed to further increase contract functionality.

The atomic swap contract is currently in its test stages. In later releases, cross-chain swaps, or VSYS to token swaps will be possible. Once the contract feature is sure to be robust it will be released for public usage. Tests must be completed with care to ensure there are no methods to exploit contract features.

💻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 V-Cloud regional support and service period settings have been developed, and designed a new query function for the supplier. Currently the self-operated database service architecture is researching and developing.

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

✍️ Sunny King Q&A with Staked

Our Chief Architect Sunny King is a pseudonymous developer known for being the creator of the proof-of-stake consensus for cryptocurrencies. Below please find a quick and informative Q&A with Sunny conducted by our supernode Staked.

👨🏻‍💻 Tachyon Node Manager 2.0

Tachyon has introduced its Node Manager 2.0, and an invitation-only testing has started running in its node community. Limited Node Providers will be invited. Please contact the Tachyon team at https://t.me/tachyoneco if you want to join!

🎉 V Systems (VSYS) has been Listed on Korean Exchange CoinOne

We are excited to announce that Korean cryptocurrency exchange CoinOne has listed the native cryptocurrency of V Systems (VSYS) today to support VSYS/KRW trading pair.

3. Market Overview

📈 Market Cap

VSYS is now ranked at #150 on CoinMarketCap, with a market cap of over US$50 million.

Screenshot from CoinMarketCap on 11 September 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 11 September 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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