 | V SYSTEMS (VSYS)ICO V SYSTEMS is a native blockchain database and decentralized app platform that aims to create a brand new digital economy era. The project is led by chief architect, Sunny King, the legendary blockchain developer and creator of Proof of Stake (PoS), who initiated the first PoS project with Peercoin and was also the creator of Primecoin. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenTechnical details
About Supernode Proof of Stake (SPoS) SPoS is the next evolution to PoS consensus algorithm invented by Sunny King and is the consensus mechanism used by V SYSTEMS. From an architecture point of view, SPoS rectifies the multiple shortcomings of PoS, and adopts fixed block algorithm design to improve performance and stability. From a governance perspective, on another hand, not only is a lowly-centralized incentive model adopted, coin holders are able to participate in minting as a way of governing the ecosystem. The SPoS consensus mechanism has the following characteristics: SPoS is the next generation of performance and scalabilityoriented PoS consensus algorithm Coin holders can participate in the verification and ecosystem governing process. Cold minting technology and Minting Average Balance (MAB) algorithm are used to ensure the safety and fairness of the minting process. A lowly-centralized model is adopted to help achieve equilibrium from an incentive perspective Roadmap 2019 Next generation smart contract launch. Blockchain database launch. Cloud and modular design launch. Decentralized mobile internet launch. Support enterprise level decentralized application.
What is V SYSTEMS
Decentralized database cloud to support the first general purpose blockchain database To unleash the full potential of decentralized applications in daily data procession, V SYSTEMS is designed to be the industrial blockchain fundamental infrastructure. It provides sound solutions to industrial application scenarios including high concurrency, relational database, key-value pairs, big volume, efficient indexing and data security. Flexible modular design and cloud developing tool to allow blockchain creation by a click To enhance the overall development efficiency and stability, V SYSTEMS allows users to focus on the business logic application and select the most suitable components from a wide array of modules, including protocol layering (consensus management layer, block tree management layer etc.) and system components (pluggable consensus model, pluggable business logic container etc.). Comprehensive technology roadmap with innovative features along the way In the 2019-2020 roadmap, V SYSTEMS will further implement the next generation of smart contracts, enterprise-level blockchains that support privacy protection, and multi-level sidechains that are designed to achieve the mission of creating a future economy builds on hundreds of millions of blockchains.
Scalability
A great deal of effort has been put on solving the scalability limitations on a single blockchain. While some of them are notable, we believe that the ultimate future of scalability in the ecosystem is the result of an unlimited number of blockchains. We envision a world with possibly billions of blockchains operating at the same time. As a result, the platform will allow applications to be run in separate blockchains if necessary, achieving complete scalability isolation to other application systems in the same ecosystem.
Usability
Usability has long been a bottleneck for the general acceptance of cryptocurrencies. The platform plans to develop both browser based wallet and mobile light-weight wallet for smartphones, all while having modern user experience and high security in mind. Cold wallet should be easily used by everyone, allowing users to safeguard their virtual assets with a peace in mind, free from the threats from the dark corners of the web.
Conclusion
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. It is our vision that the future of blockchain is not only in a few billion dollar worth of blockchains, but in billions of blockchains as well. This is a revolutionary change and we are excited to push forward a whole new economic era.
LegalRegistration country: Hong Kong | Token infoTicker: VSYSType: Cryptocurrency |
V SYSTEMS Roadmap
Discussed V SYSTEMS' original ideas and goals. Posted “Excelsia Project” on Bitcointalk.org in October.
Finished the first version of technical whitepaper. Project website launched.
Finished our 9 cities global tech roadshow. Announced our SPoS consensus. V SYSTEMS mainnet and wallet went live. Supernodes operation went live. Expanded ecosystem partners.
Next generation smart contract launch. Blockchain database launch. Cloud and modular design launch. Decentralized mobile internet launch. Support enterprise level decentralized application.
Full update. V SYSTEMS will grow beyond imagination.
Social media
MVP
