V Systems
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V Systems

Weekly Report — 3rd Week of June 2020

In this weekly report (3rd Week of June 2020): New smart contract functionality (Fermat Contract, node version 0.3.0) has successfully been deployed to the Testnet, users are welcome to set up a Testnet node and try the new functionalities. V JavaScript version SDK is developing Fermat contract support. IPX has been featured on Hackernoon. Please read the full report below.

  1. 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

V web wallet the feature of deposit/withdraw token and v coin to/from contract is developed and currently under internal test. Once done, the new version will deploy to the Testnet web wallet.

V JavaScript version SDK is developing Fermat contract support. Other programming language version SDK support for new contracts are being planned.

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.

In V Could development, the Golang version event parser has been developed. The other features in the new platform are under development.

More Node Monitor Tool is discussing and researching. After development is 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

IPX as One of the Top Staking Cryptos in 2020

Hackernoon is a well-known independent technology website focusing on publishing related blogs and KOL views. A recent article titled “Crypto Staking in 2020: An Overview” has featured IPX. Please read the following article for details.

Bithumb Offers IPX Staking Service

Bithumb has started offering IPX staking service o. 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 #111 on CoinMarketCap, with a market cap of over US$49 million.

Screenshot from CoinMarketCap on 19 June 2020

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 69.24% 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 19 June 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 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

V Systems

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

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