A General Overview of V Systems (VSYS)

About V Systems

The aim of V Systems is to create a future economy that is built on blockchains. To actualize this aim, V Systems creates a scalable and stable infrastructure that introduces a healthy blockchain ecosystem based on Supernode Proof-of-Stake (SPoS), the next evolution of PoS. V Systems seeks to bring this vision to reality by building an innovative database cloud that ensures blockchain development is swift and easy.

The History of V Systems

V Systems created the Supernode Proof-of-Stake (SPoS), which is a new consensus mechanism that is based on the construction of supernode hardware. Now all transactions on V Systems’ main net are completed in less than a second.

The data with regards to V Systems’ main net performance shows that the blockchain is fast, secure, stable, and almost immune to 51% attack. Another revolutionary idea of V Systems is its aim to build the world’s first all purpose decentralized database that has an objective data type, is able to support high-concurrency and provide efficient indexing functions that help to unleash the potential of decentralized apps in day-to-day data processing.

In addition, V Systems seeks to build a modular development cloud platform that allows for the creation of simple, swift, and secured blockchain development platforms.

V Systems has currently adopted the mechanism of reduction of transaction cost and annual fixed inflation rate to build an economic model that is sustainable and viable.

The mainnet was launched on November 27th, 2018, and in the roadmap of 2019–2020, the team is releasing data-oriented smart contracts, secure cross chains, multi-level side chains, etc.

Four Pillars at V Systems

General Purpose Blockchain Database: It is used as a general purpose blockchain database. Bitcoin, by design, is a virtual currency with a blockchain not intended for data storage. V Systems is exploring the use of blockchain technology as a competitive choice for future databases.

Cloud Development & Modular Design: To accelerate the emergence of the proposed digital economy V Systems aims to bring, V Systems is equipped with modular developments and cloud platform tools that will make it easy for enterprise developers to create blockchains with or without in-depth coding skills. This makes the migration to blockchain easier and more accessible.

Sustainable Virtual Economy: V Systems uses the coin VSYS. This coin can be used for paying transaction fees, supernode functions, leasing, and minting. You can access applications built on the V Systems network such as smart contracts and DApps, and pay for resource usage for projects built on the platform’s decentralized database cloud.

Team

Sunny King is the legendary blockchain developer, who invented the Proof of Stake (PoS) consensus mechanism and created three blockchain projects: Peercoin, Primecoin, and V Systems. He is joined by other team members, including:

Developer Team

James Hitchcock Developer

Kate Shan Developer

Rob Zhang Developer

NC Ying Developer

Craig Thornton Global Relation

Scott Nadal Lead Developer

Barde Z. Developer

Ecosystem Team

James Zhou Strategist

Paul Brown DeFi Advisor

Edward Shuwalov Marketing Advisor

The VSYS Token

The VSYS coin has a multitude of uses, which include making transactions, staking, minting on the network, access to a wide variety of applications on the network, as well as to paying for resources used on the V Systems decentralized database cloud.

Competitors Info

Ethereum:

Neo:

Cardano:

Unique / Key Features Against its Competitors

  • Open-Source — As an open-source platform, developers get the opportunity to build an application using public APIs, which encourages fair competition.
  • Agile — Compared to its competition, V Systems offers greater flexibility and enables users to quickly generate new blockchains just by using commands through a user-friendly interface.
  • Powerful Database Features — The database features are exceptional, allowing developers to focus on the business logic in designing data modules.
  • Cloud — This is the public platform that supports an ecosystem of applications.
  • Scalability — The application can be run both in-chain and cross-chain.
  • SPoS Consensus Mechanism — This is the most distinctive feature of V Systems. Supernodes are minting pools, and minters (holders of VSYS coin) lease coins to earn incentives and gain power over network governance.

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