They raised nearly $160million early 2018, and claimed they had worked on it since 2016, and would lunch mainnet on Late April 2018.
And in fact, as you can see in the github code submission, they just forked Waves around March 2018, and started to submit code after late July,
and then the mainnet went online nearly October.
They claimed they would list it to exchanges in late April 2018, and in fact haven't be listed until now.
They said you would be able to lease your coins to supernode; in fact now there's no smart contract at all! Trustless or FULLY TRUSTED to lease coins to supernodes???
Checkout the roadmap, and checkout the github, do your own reasearch.
Hi qq316085607, thank you for following our project and please allow us to clarify on your concern.
Regarding the fork from Waves, we did use some basic infrastructure from Scorex and Waves to speed up development, like nodes design, communication among nodes and leasing features. In our opinion, one doesn't have to re-invent the wheel every time. Having said that, our goal and vision are completely different. Our first release has implemented our new consensus mechanism called Supernode Proof of Stake, a.k.a. SPoS with future plans to build a general-purpose blockchain database in which data and information can be represented in a descriptive manner while preserving integrity. This allows for faster development and adoption of blockchain powered applications. SPoS addresses the issue of scalability for wider adoption. See the coverage of Crypto Briefing on Sunny King's vision:
https://cryptobriefing.com/sunny-king-blockchain-utility/.
Regarding coin listing, we will have a big announcement late tomorrow. Stay tuned!As for the coin leasing part, as mentioned in our whitepaper, we are actually adopting a technology called "cold minting". Even when a coin is leased to a supernode, the ownership DOES NOT transfer to the supernode, and it remains with the coin owner. Coin owner has the right to withdraw from the lease at any moment. Details can be found on the technical whitepaper of SPoS:
https://www.v.systems/pdf/sposwhitepaper.pdf.
Major wallets / crypto exchanges are onboard, and announcements will be made very soon. Stay tuned! In the meantime, feel free to have a look at our
Medium blog where we post regular updates regarding our project. We've been covering our 2019-2020 roadmap in recent blog posts, including how we are changing blockchain database, how we are making blockchain easy-to-adopt with our modular design, how our mainchain/sidechain model is helping DApps functionality on blockchain etc. Here's two very quick read for you:
https://medium.com/vsystems/vee-a-roadmap-to-blockchain-liberation-91d7e93894abhttps://medium.com/vsystems/v-systems-in-a-nutshell-5ddda4e2f98e
Nice Project.I love sunny king.
But some information is opaque, such as a properly distributed coin and when the first time to run the supernode.
How did the first batch of nodes be elected? None of our audience knows this information.
Thanks for the support! Our first batch of supernodes are selected by private investors in the private sale stage. Going forward, any interested party can apply to become a supernode. More info regarding SPoS and supernodes can be found on the whitepaper:
https://v.systems/pdf/sposwhitepaper.pdf
What's the basic difference between V.SYSTEM and VEE.TECH?
Just another same coin?
I also want to know the difference between them.
It's a rebranding and VEE is now renamed to V SYSTEMS. Our new website is
https://www.v.systems/Whilst the name is different, our vision and offerings stay the same. You can have a read on Sunny King's announcement regarding the brand upgrade:
https://bitcointalksearch.org/topic/ann-introducing-project-v-systems-5095844One of the reasons why VEE was rebranded is that the project has moved from the infrastructure stage to a much wider scale. Using SPoS, VEE has given blockchain a stable and scalable infrastructure layer. The mainnet is running great, all data are showing very high TPS and block generation rate.
And now Sunny King’s vision is going bigger. With the base infrastructure running smoothly, it’s now the time to bring side chains and DApps onto the platform (and hence the word “SYSTEMS”, as they are all different systems running on the platform). This is also why database, cloud platform, smart contract, privacy layer, enterprise DApps, zero knowledge etc. are all key updates in our roadmap for 2019 and 2020.
We are frequently releasing blog posts on our
Medium regarding what we’re hoping to achieve in 2019 and beyond. Feel free to take a look:
https://medium.com/vsystems/vee-a-roadmap-to-blockchain-liberation-91d7e93894abhttps://medium.com/vsystems/v-systems-in-a-nutshell-5ddda4e2f98e
Wow good project support by father Pos, btw can we know how to earn VSYS before list on market (I means any bounty program, coz I just see airdrop program).
Thank you for the support! Bounty program is coming soon, follow our Telegram channel to get the latest updates on that!
https://t.me/VSYSOfficialGroupAnd also, listing information will be announced tomorrow, so you can get you VSYS Coin very soon!