1. Development Progress
Testnet network has been upgraded to Euclid.
All development work of hot wallet and cold wallet has been completed, still under debuging.
New version hot wallet and cold wallet support issuing Tokens by smart contracts. Waiting for testing and going online.
All development work for explorer on PC and mobile versions that support Token queries has been completed. Waiting for testing and online.
The Euclid branch version of V Systems is testing on Testnet.
Hot wallet and cold wallet function is testing on Testnet. Fixed some known issue.
Korean language adding in Hot wallet and cold wallet.
PC and mobile version Explorer is testing on Testnet. Fixed some known issue.
New Official website is building in progress.
2. Global Community
The VSYS Korean market promotion start.
The team has already met with almost all mainstream Korea media in Seoul. Soon everyone will see our reports and branding awareness in Korea.
Meeting with our Korean marketing partner for the detailed plan, we are exciting about it.
The team further contacted a number of exchanges this week and believes that more good news will be brought to you in the near future.
With nearly 90 million VSYS stake, this week crypto quotation app bullseye.io officially became the VSYS supernode. In the future, it will provide one-click trading VSYS coins and one-click Staking mining service for hundreds of thousands of their crypto quotation users.
V SYSTEMS’ supernode ecosystem has been greatly enriched which covers different types of crypto service providers including exchanges, community, wallets, mining pools, and quotation apps.
The team is actively contacting the world’s top 40 Staking service providers and will work with them in the future to promote the construction of the SPoS miners community. If you or your friends are interested, please introduce to firstname.lastname@example.org
4. Developer Community
Based on the upcoming smart contract, the team has invested in more than 15 Decentralized Finance projects, covering asset digital monetization, financing/lending, trading platforms, derivatives platforms, insurance, funds, payments, and Banking, etc.
Some of those DEFI applications are now able to test-flight use!
Several app developers who operate more than 100 million global users contact us show strong willingness to cooperate. In the future, they will develop their blockchain applications based on the V SYSTEMS blockchain.
Please send us an email if you are interested: email@example.com
5. Team and Partners
Two more members are going to join us, we will make an announcement in the next week’s report.
Testnet全網升級 Euclid 已完成。
About V SYSTEMS
In 2016, Sunny King, the inventor of Proof of Stake (PoS) consensus mechanism, gathered a team of the world’s top database scientists and mathematics encryption experts to start the project V SYSTEMS. Through the innovating consensus algorithm and decentralized database cloud platform, the project aims to address the core issues circulating the current blockchain industry — scalability and usage threshold.
By maturing the PoS technology, Sunny King created an elevated version of the consensus algorithm based on supernodes — Supernode Proof of Stake (SPoS). Not only does SPoS inherit the advantages on security and scalability of PoS, but it also brings significant improvements to the shortcomings of PoS, thus making it a highly efficient, stable and secure bottom layer for blockchain.
The major highlight for V SYSTEMS is the world’s first Common Type System blockchain database. Using an object-oriented manner for storage, the database gives high-concurrency, efficient indexing and many more advantages to various blockchain data use cases. It can also support industrial-scale decentralized applications, a key trend ahead of blockchain.
Another key aspect of V SYSTEMS is a development cloud platform equipped with a modular system. With a simple and intuitive design similar to a development engine, V SYSTEMS makes blockchain development as easy and fast as building blocks, thus lowering the entry barrier for companies to develop the blockchain.
The application of V SYSTEMS’s DApps platform including smart contract applications, sidechain applications, and cross-chain applications will focus on mainstream industries such as the finance sector.
Circulating the various innovations of V SYSTEMS is the native token VSYS Coin. The annual amount of additional issuance is fixed at a rate of 5%, and the rate is decreasing every year. The transaction cost destruction model of PoS is also adopted, granting a balanced and healthy economy. More importantly, the design of SPoS allows all coin holders to lease their coin stake to a supernode, and participate in the block production process to get rewards. This significantly improves V SYSTEMS’ immunity against 51% attacks.
The V SYSTEMS mainnet was launched on November 27th, 2018. To achieve a brand new era of the virtual economy, the development team is currently working on tech updates for 2019 and 2020 such as smart contract, blockchain database platform, sidechain and cross-chain in 2019–2020.
Project Name: V SYSTEMS
Official Website: https://www.v.systems
Project Introduction documents: https://v.systems/whitepaper.html
Learn how to participant supernode minting: https://v.systems/supernode.html
About VSYS Coin
V SYSTEMS’ cryptocurrency exchange ticker: VSYS
VSYS Coin lists on exchanges: https://v.systems/start.html
VSYS Coin on coinmarketcap page: v.systems price today, VSYS marketcap, chart, and info | CoinMarketCap
Short Summary for VSYS Coin:
VSYS coins are the cryptocurrency on V SYSTEMS blockchain.
The genesis block produced 5,142,858,000 VSYS Coins, then annually produces a fixed around 283,824,000 VSYS Coins, issued through supernode minting, with a inflation rate around 5% which decreases every year.
About the V SYSTEMS Team
Architect: Sunny King
Sunny King, a legendary blockchain developer, is the inventor of Proof-of-Stake consensus mechanism and creator of three cryptocurrencies/blockchain projects, including V SYSTEMS, Peercoin, and Primecoin. Each project brings important advancements to blockchain technology and its community.
Sunny King Wiki:
Sunny King Twitter:
Sunny King’s statement on the V SYSTEMS public chain:
Core Developer Team Introduction:
The core developer team are experts from ex-Oracle, VMware, Google, Uber, and more other silicon valley tech companies. The leading developer team members are all world’s top database scientists and mathematicians.
Social Medias of V SYSTEMS
Telegram: Telegram: Contact @VSYSOfficialGroup
VSYS Talk: http://talk.v.systems
VSYS Twitter: https://twitter.com/VSYSCoin
Sunny King Twitter: https://twitter.com/sunnyking9999
Facebook: VSYS Coin - Startpagina | Facebook
Medium: V Systems – Medium