Weekly Report — 4th Week of October 2020

V Systems
V Systems
Published in
4 min readOct 23, 2020

In this weekly report (4th week of October 2020): We are delighted to officially announce the launch of new website last week. The upcoming release of V Cloud will create a marketplace. IPXUS has cooperated with the Tachyon team to launch a special bonus event for all IPX staking participants. 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.

The atomic swap contract has been tested for on-chain and cross-chain swaps, unit tests are currently being written and revised.

The contract system is getting updated to support BigInt operations. Opcode and DataEntry functionality is being expanded for this data type. Expansion of data type support will allow more flexible contract behaviour.

The contract system is also being updated to support if statements, this feature is still a work in progress.

Other Opcodes such as comparison operators and type converter operators are receiving updates.

There are currently several more functionalities in the design stages. The specifics of these functions are not finalised, and will be revealed once they have been concluded.

💻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 design and development of the V Cloud embedded script system of the configuration template is currently in progress to support services such as PostgreSQL which rely on external services (VM).

V browser extension wallet will be launched soon. V browser extension wallet is a bridge connecting DApp projects. This will benefit the future development of the V Systems ecosystem.

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

2. Community Updates

🌐 New V Systems Website Launch

We hope you like the fresh and modern new look to the website and the improved navigation that will allow you to find the information you need more quickly and easily. Click through to visit!

https://v.systems/

☁️ New V Cloud Launch Coming Soon

The upcoming release of V Cloud will create a marketplace that makes it easier for organizations or businesses to integrate with the V Systems blockchain faster and easier. Please read below for more details.

🎉Enjoy Extra 30% Annual Rewards on IPXUS

A lot of IPX users have staked their IPX tokens on the IPXUS site. To celebrate the 2 million users milestone in advance, IPXUS has cooperated with the Tachyon team to launch a special bonus event for all IPX staking participants with an extra of 30% annual rewards on IPXUS. Please join!

📑 Weekly Report Arrangement

In order to bring more insights into V Systems project updates and development progress, we are going to change our weekly report into a monthly digest format starting from November onwards. The team will provide more substantive content regarding the mainnet and utility development, as well as the updates on ecosystem projects. If there is any specific content you want us to provide in the report, please feel free to comment below and let us know. Stay tuned!

3. Market Overview

📈 Market Cap

VSYS is now ranked at #175 on CoinMarketCap, with a market cap of over US$35 million.

Screenshot from CoinMarketCap on 23 October 2020

⚖️ Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 65.96% 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!

Screenshot from stakingrewards.com on 23 October 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
Screenshot from CoinMarketCap on 16 October 2020

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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