Weekly Report 2019 February #1

Evaluation from top rating agencies

Recently, V SYSTEMS is very appreciated to notice that we have been attracting more and more attentions from world influential rating agencies, which is definitely great since it points out areas in which improvement is desired and increases our recognition by the whole blockchain space. And we would like to share independent opinions from third parties with the community.

V SYSTEMS is really glad to find that CryptoDiffer , the world leading aggregator of opinions, has recently released its first DNA articleto review V SYSTEMS. The review consists of two parts: 1) concept behind of V SYSTEMS and 2) code review.

In the end, CryptoDiffer concludes that the value of V SYSTEMS project has long been under evaluated since there were no public sale and hype games. Given highly capable team and a great supportive community, it believes that V SYSTEMS will keep growing and has strong interests in following future updates.

V SYSTEMS platform is aimed to significantly lower the cost of blockchain technology and massively increase the competitiveness of blockchain as a database platform compared to traditional database systems.

V SYSTEMS is a kind of project that most of us missed since there were no public sale and hype games instead the team has definitely proved that they are capable to deliver. Although there is not much hype surrounding the project it has a great supportive community and recently has been listed on KuCoin and Bitfinex. We are definitely interested in the future updates of V SYSTEMS and are really happy that there are still projects that BUIDL.

Our team will continue to follow the progress of the team and will definitely reflect everything in the updated DNA report in 6 months.

InCodeWeTrust , an independent rating agency for the blockchain space, has released its code review and test of V SYSTEMS. They have really positive conclusion and it goes like this:

Based on the review of source code in the V SYSTEMS github and the runtime behavior of the installation we conclude that the project has reached a stage well aligned with what is outlined in the roadmap. The code is following specs and has reached an advanced and stable level.

Nevertheless, we would recommend the team to enhance the installation by providing docker options, as well as completing the documentation of the node repository to enhance user friendliness from a technical perspective.

As far as PoS-based systems go, this is one of the most interesting implementations we have come across, with a lot of effort put into research and experience from previous projects where Sunny King has been involved. Furthermore, there is no doubt about the team’s ambition to bring a product to market with the aim of real usability for adoption (and supporting this ambition with business development initiatives in parallel with the technical development).

Having said this, it is clear that the project has a challenging roadmap ahead for 2019, bringing all remaining outlined system components to life. Judging from what we have seen this far, we believe that V SYSTEMS has the capacity to deliver, and will be following the project along its roadmap.

Midgard Ventures is the fund mostly oriented on projects in sphere of blockchain and crypto assets. In its ICO sheet, it has rated V SYSTEMS at level A, a score 9 out of 10.


Whitepaper of V SYSTEMS: V Systems | Blockchain Database for Decentralized Finance

VSYS Coin supernode ranklist: https://vsysrate.com/

Read more on how VSYS Coin holders can benefit from SPoS minting: https://www.v.systems/supernode.html

Website of V SYSTEMS: https://www.v.systems/

Join us on Telegram if you have any questions about the project or bounty program: Telegram: Contact @VSYSOfficialGroup

V SYSTEMS Twitter: https://twitter.com/VSYSCoin