Weekly Report 2020 March #3


In this weekly report (3rd Week of March 2020): Our Chief Software Architect Sunny King was interviewed by CoinMarketCap. The VSYS trading contest on HitBTC has ended, all the rewards will be distributed soon. Tachyon Protocol’s (IPX) Decentralized VPN App is now available on App Store and Google Play for global users. Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

VSYS smart contracts are currently being developed further to support more advanced functionalities. There are several specific functions being developed:

A lock contract feature based on the deposit / withdraw function is being developed, users will be able to store VSYS or tokens on these contracts and lock these assets for some period of time.

New Opcode for smart contracts is being developed. These new features are based on the new deposit / withdraw feature and will enable a large number of new usages for smart contracts.

The V Systems payment channel is currently being developed and tested, the payment channel is a smart contract that can store VSYS or tokens, allowing users to keep a majority of payment transactions off-chain. This can potentially save a large amount of transaction fees for users who deal with a lot of transactions between the same parties.

Utils Development

The new version of V web wallet is published on Mainnet. New features are: Enhance user experience in Leasing(Minting), Support lease to Sub-node, Support batch cancel lease feature, Add address remark feature, Auto correct seed for beginner in Restore Account, etc.

VSYS Supernode rank list website https://vsysrate.com is updated. The Sub-node feature is now shown on the new version website.

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 development of V-Cloud web terminal and topup features is almost done. After completed, they will open to public use in the future. The next stage function and database related function is under researching and experimenting.

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

Integration with General Bytes (a cryptocurrency ATM) is currently in development

2. Global Community Updates

Sunny King’s Interview with CoinMarketCap

Our Chief Software Architect Sunny King, also known as the inventor of the proof of stake consensus mechanism has been interviewed by CoinMarketCap. They have discussed topics around the reasons that inspire him to Proof of Stake consensus and his vision for the crypto industry. Please click through to discover more.

Tachyon VPN is Now on Apple App Store

Tachyon VPN is now available on Apple App Store for global users. Let’s bring blockchain technology to mass adoption and benefit all 900 million VPN users around the world!

Tachyon VPN iOS Version Download Link

Tachyon VPN on Google Play Download Link

The VSYS Trading Contest on HitBTC has ended

The co-hosting trading contest on HitBTC has come to an end, all the winners have been announced. The rewards will be distributed soon, meanwhile, please click through to see if you have won the contest!

3. Market Overview

Market Cap

VSYS is now ranked at #69 on CoinMarketCap, with a market cap of over US$50 million.


Screenshot from CoinMarketCap on 20 Mar 2020

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 66.31% 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 20 Mar 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(https://twitter.com/VSYSCoin)
Telegram: https://t.me/VSYSOfficialGroup
Medium: https://medium.com/vsystems
YouTube: shorturl.at/mxX09
Reddit:chttps://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