25 September — V SYSTEMS , a blockchain database project created by Sunny King, the inventor of Proof of Stake (PoS), announced Tachyon as its first application to be built in the ecosystem, which is an X-VPN based decentralized internet protocol. This move is another step in V SYSTEMS’ mission to pave a path towards decentralized finance (DeFi) and create a borderless internet to ensure user privacy, security and advanced network performance.
X-VPN, one of the world’s largest VPN service providers and the world’s top 20 mobile app by Apple and Google, has joined forces with V SYSTEMS to revamp the current TCP/IP protocol with blockchain technology to build the next-generation internet protocol based on a decentralized network.
Tachyon will leverage X-VPN’s 50 million existing global users to become the world’s leading decentralized internet platform. Its IPX token will begin listing on exchanges later this year. Tachyon VPN Beta will go live in 2020, with implementation on the V SYSTEMS DeFi ecosystem expected by the third quarter of 2020.
Tachyon Protocol will be launched for public access and will power all V SYSTEMS sidechain and crosschain applications. It provides a fundamental layer of decentralized information infrastructure for V SYSTEMS to support efficient and agile development of a wide range of DeFi applications. With the upcoming release of the smart contract, more DeFi applications will gradually shore up the ecosystem.
For more information on Tachyon and IPX Token, please visit: https://tachyon.eco/
About V SYSTEMS
V SYSTEMS is a general purpose blockchain database for decentralized applications. Led by Chief Architect Sunny King, the V SYSTEMS blockchain has implemented his new innovative consensus algorithm — Supernode Proof of Stake (SPoS). V SYSTEMS aims to deliver decentralized database cloud technology that is scalable and durable, with high finality, performance and the highest resistance to 51% attacks.
The network is operated as a cloud platform that can support efficient and agile development of a vast variety of applications, including but not limited to decentralized finance applications (DeFi), entertainment, social media, tokenization, dapp deployment and many more.
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X-VPN is the world’s leading VPN service provider on the internet, with 50 million active global users covering 232 countries. X-VPN is one of the world’s top 20 mobile apps on the Apple App Store and Google Play, and is well-recognized as a leading internet brand globally.
Tachyon Protocol is a decentralized internet protocol co-launched by V SYSTEMS and X-VPN that aims to create a trusted, stable, fast, reliable and transparent decentralized information network. By implementing techniques from DHT, blockchain, UDP and encryption, Tachyon Protocol is committed to building the next generation TCP/IP that can provide a self-sufficient internet environment with high security, untraceability, availability, and maximum network speed.
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