V Systems
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V Systems

Weekly Report — 4th Week of June 2020

In this weekly report (4th 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 try out the new functionalities. Bithumb announced the launch of VSYS staking service. Swapzone now offers support for VSYS instant swap. 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.

Utility Development

The development of V Javascript version SDK for Fermat contract support is almost done, currently under testing. Once the test is done, a new release will be published to NPM. Python version SDK is developing Fermat contract support. Other programming language version SDK support for new contracts are being planned.

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.

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 be open to public use in the future.

2. Global Community Updates

Hackernoon Writer Features 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 Announces the Launch of VSYS Staking Service

Bithumb, a top cryptocurrency exchange in South Korea announced today that it would be launching VSYS staking service on 29 June 2020 (Monday). The cooperation will further expand the popularity and influence of VSYS in the Korean market, hence, attracting more enthusiasts to participate in the VSYS ecosystem.

Swapzone Offers Support for VSYS

Swapzone is an exchange aggregator working with non-custodial instant digital currency swap. They now offer support for VSYS. Please check out their platform for more information: https://swapzone.io/?to=vsys

3. Market Overview

Market Cap

VSYS is now ranked at #102 on CoinMarketCap, with a market cap of over US$53 million.

Screenshot from CoinMarketCap on 26 June 2020

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 68.12% 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 26 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

V Systems

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