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Topic: [ANN] V SYSTEMS - Blockchain Database and App Platform by Sunny King [SPoS/Mint] - page 13. (Read 9174 times)

copper member
Activity: 334
Merit: 4
Development updates: OP_CODE and API updates have been completed on our #mainnet smart contract protocols.
sr. member
Activity: 1372
Merit: 259
As I read from website, SEO of this project also created Peercoin and Primecoin. What happened with this project? He is stil developing them?
copper member
Activity: 334
Merit: 4
VSYS Coin deposits are now open on @ZBTalk @ZBGofficial @BW_COM_Exchange!



Currently optimizing the #supernode website to make minting even more intuitive, visit the site to start the journey now: vsysrate.com



New function is under development by @ZBTalk to allow owners of VSYS Coins to receive minting #reward through #SPoS while holding the coins.



Check out the new piece of V SYSTEMS, SPoS consensus and Sunny King, by Hackernoon writer Rohit Chatterjee

https://medium.com/@rohitchatterjee_6181/v-systems-decentralized-blockchain-databse-and-dapp-platform-for-the-new-digital-economy-3994e0f1df16



Read our latest blog post on #STO and #securitytoken - new V SYSTEMS features revealed!

https://medium.com/vsystems/v-systems-is-offering-token-publish-support-to-sto-9a7008d8b5f5



Came across this very nice piece of project overview. Thanks @CryptoBlastoff!

https://hackernoon.com/how-the-invention-of-supernodes-upgrades-blockchains-pos-consensus-989f458dba8b



Guys, please read this Hackernoon piece by @Shahenshah9  about why blockchain should be the database, and how @VSYSCoin can re-architect blockchain

https://hackernoon.com/why-were-going-to-re-architect-blockchain-b617fac5ba4b



For all #Turkish fans! Don't miss out on @atamertuysaler review: https://www.youtube.com/watch?v=ZIUagP3cdSk



#Sunday reading - An evolution of energy-free consensus: from #PoS to #SPoS

https://www.v.systems/pdf/sposwhitepaper.pdf



We are embedding new functionalities on token-related queries in #VSYS Coin explorer: https://explorer.v.systems/



Proud to announce that our mainnet #database is upgraded! Query #speed increased and bug fixed for browser backend.



Check out @aaboltaabol 's article in @hackernoon  deep dive into the V @VSYSCoin database and SPoS minting   

https://hackernoon.com/v-systems-decentralized-blockchain-databse-and-dapp-platform-for-the-new-digital-economy-3994e0f1df16



Check this out! World Leading Staking Crypto Wallet Cobo now support @VSYSCoin SPoS minting!

https://twitter.com/VSYSCoin/status/1120511077299650560



Check out our weekly report 2019 April #3, new supernode annouced, update of our smart contract testing.

https://medium.com/@vsystems/weekly-report-2019-april-3-4089c80295da



#Token function of mainnet smart contract is in test environment now. More info to follow soon.



@CoinallU (partner exchange of @OKEx) has officially listed #VSYS Coin. Announcement here: https://support.coinall.com/hc/en-us/articles/360026935731



Check out the latest updates on all things #VSYS Coin - exchange listing, supernode, trading volume and more! https://www.v.systems/start.html



For our #Chinese fans! A great review from @RatingsShulian: https://mp.weixin.qq.com/s/hY9fVMq0nULap5BiqzMQcA



V SYSTEMS Smart Contract and Token System design ideas, hope you guys like it.

https://medium.com/@vsystems/v-systems-smart-contract-and-token-system-206bef9d67b2



Development on #token functionality continues. Currently working on UI development for #browser version.



Have you subscribed to our @Medium blog yet? We release regular content on project updates & industry outlook. Check it out here: https://medium.com/vsystems



vsysrate.com #mobile version optimization in progress. Visit the site to get all the info you need for joining coin minting and earning the rewards: https://vsysrate.com/



Upcoming smart contract and #token functionality will begin the support for #security tokens. Any interested development teams please feel free to reach out to [email protected]



V SYSTEMS Ambassador Plan Launch!

https://medium.com/vsystems/ambassador-plan-launch-f080b9fcb972



More details on the forthcoming token functionality including split/reverse split:

https://medium.com/vsystems/v-systems-is-offering-token-publish-support-to-sto-9a7008d8b5f5



V SYSTEMS blockchain Weekly Report 2019 April #4

https://medium.com/vsystems/weekly-report-2019-april-4-579f1cdfb915



Results from the testnet run of smart contracts show is very promising! Process time is around #one second only benefiting from the high speed of #SPoS mechanism.



.@Cobo_Wallet has become a supernode. Read their FAQ on getting #VSYS Coin minting rewards: https://support.cobo.com/hc/en-us/articles/360021316633-VSYS-PoS-Rules
sr. member
Activity: 1622
Merit: 270
Undeads.com - P2E Runner Game
Have known V SYSTEMS for long, and the previous name is VEE.


Just in case anyone is cheated, I am going to tell you it is like a scam.



They cheated quite a lot during fund raising, and by this, they raised $160 million.

1. They said they worked for it over 2 years, and in fact they didn't have any code at all!


When they were raising fund during Feb 2018, they said they had worked on it for over 2 years.
In fact, their first code was forked from waves on March 2018.

2. They just played a little code the time they claimed to be listed.


When they raise fund during Feb 2018, they said they would list coin be listed late Apr 2018.
In fact, they just tried waves code a little, and even unfamiliar with it at the time.
They started to submit some useful code after late July 2018.

3. Leasing can't be used at all for now, cause they have no smart contract at all now.



4. Their supernodes were not elected, but selected! Even much more centralised then EOS.



5. They made investors feel like it's hype and should invest ASAP during Feb 2018. And in fact they were still raising money late Sep 2018.



6. They privately promised they will buyback if the exchange price is lower than private price, in fact they failed to do that.


Their scam was revealed little by little when they failed to show code, to be listed, some investors asked to refund, they asked investors to calm down and promised to buyback at private sale price if the price drops lower than private price. In fact they are now hiding and escaping it.
The private price was 1000 Satoshi, around 0.09USD, and
the price is about 800 Satoshi, around 0.028USD now.

7. They are so much familiar to tell lies to cheat your money, KEEP AWAY FROM it.



So this is the first one, VEE
https://www.bitfinex.com/t/VEE:BTC
and this is rebranding, VSYS
https://www.bitfinex.com/t/VSY:BTC

correct ?
copper member
Activity: 334
Merit: 4
Second round of #airdrop with @airdrops_io will be launched soon. Stay tuned for updates here and our #Telegram channel: https://t.me/VSYSOfficialGroup
copper member
Activity: 334
Merit: 4
Smart contract functionality will be implemented in test network this month, main chain connection will soon follow. Stay tuned for updates.



@ZbTalk @ZBGofficial @BWWord becomes VSYS mainnet supernode! Now VSYS holders are tens of thousands! If you hold vsys coins on ZB platform you can get SPoS minting intesrests

https://medium.com/@vsystems/zb-group-becomes-vsys-mainnet-supernode-8a1647f72c5f



Check out our journey on technology evolution - how #SPoS and other technical designs come about: https://www.v.systems/pdf/vsystechevo.pdf
copper member
Activity: 334
Merit: 4
Turkey’s well-known crypto influencer Atamert Uysaler is recommending V SYSTEMS to its tens of thousands of turkish crypto users. In the video, VSYS’s PoS supernode mining is described in detail.

https://youtu.be/ZIUagP3cdSk



V SYSTEMS smart contract and token publish function enter final testing stagerevealed in HKUST Blockchain Meetup, read what's new and special here:

https://medium.com/vsystems/smart-contract-and-token-publish-function-revealed-in-hkust-blockchain-meetup-ced0d279164



If you haven't already read our #SPoS whitepaper, check it out here to learn how it's an evolved version of #PoS: https://www.v.systems/pdf/sposwhitepaper.pdf



Latest wallet updates have been released with #hot wallet version 0.1.5 and #cold wallet version 0.1.2
https://www.v.systems/wallet.html



Another update on hot wallet: token function UI has been developed and is waiting for API docking. More updates to follow.



Quick guide on how you can lease your #VSYS Coins: https://medium.com/vsystems/coin-leasing-in-v-systems-edf105726179



Our CEO, Alex Yang, was invited to #HKUST to share his insights on #blockchain. Check out our event recap here along with a special #teaser of an upcoming features: https://medium.com/vsystems/smart-contract-and-token-publish-function-revealed-in-hkust-blockchain-meetup-ced0d279164



Check Out Sunny King’s Supernode Proof of Stake Consensus Complete Guide by MoonKing9998
https://medium.com/vsystems/supernode-proof-of-stake-complete-guide-by-moonking9998-41a8f7675a28
copper member
Activity: 334
Merit: 4
The LaunchPad with  @ZbTalk @BWWord @ZBGofficial  was sold out in around 10 seconds. VSYS coin is listed on the 3 exchanges today, huge numbers of fans participated, experiencing a volume of around US $14 million every hour.

https://medium.com/vsystems/zbs-first-launchpad-partnership-with-v-systems-sold-out-in-12-seconds-d47e73f87087



We’re regularly releasing #tutorials on our @YouTube channel. Subscribe now to get notified for the latest #videos: https://www.youtube.com/channel/UC3tnJX2dztNKh2yJxFVSDAw



VSYS Coin is now listed on #six exchanges around the world. Get your VSYS Coin from top exchanges - @Bitfinex @kucoincom and many more!



Average operating efficiency of #supernodes is over 99%. All data on block production can be found on the VSYS Coin explorer: https://explorer.v.systems/



Our list of supernodes is continuously updating, check out the current #supernodes at https://vsysrate.com/ and lease your VSYS Coins to earn yourself generous minting rewards!



Weekly Report 2019 March #4

https://medium.com/@vsystems/weekly-report-2019-march-4-f7842495d93f



We’re currently working on new token UI code. Stay tuned for upcoming announcements!



Still confused about #PoW #PoS and #SPoS? Check out our simple breakdown on the #blockchain concepts here: https://www.youtube.com/watch?v=SfEWj6e3KG0



New token features are arriving soon - we're currently optimizing the backend algorithms to improve access #speed and #efficiency to bring the most out of the #new features.



Don't miss out on @hackcrypto #review on V SYSTEMS!

https://youtu.be/_g0mouv7dbg



For all our #tech junkie audience: our database has been upgraded to #levelDB and is entering the test phase, exciting updates to come!



Becoming a #supernode grants you a huge chunk of minting #rewards. Here's all you need to know on the #simple application process: https://www.youtube.com/watch?v=aHE4pNsD9BA



Don't miss out on the chance to earn some #rewards through our coin leasing program. Get your #VSYS Coin from @ZBTalk @ZBGofficial @BW_COM_Exchange @Bitfinex @kucoincom now!



Visit our @reddit board to discuss the latest news on the V SYSTEMS project: https://www.reddit.com/r/V_SYSTEMS



Get to know more about #SPoS develoepd by @sunnyking9999 and all the criteria you should evaluate when leasing your #VSYS Coins. https://www.youtube.com/watch?v=4nNrNBcXIbQ



#Security has always been our top concern - check out our previous blog post regarding how the #SPoS design protects you from all sorts of #attack: https://medium.com/vsystems/v-systems-secure-against-attack-da89c8f843c1



Check out our latest #blog post on the future of #decentralized #database

https://medium.com/vsystems/whats-ahead-for-decentralized-database-c7cc9aa1f407



#DidYouKnow the #fee on vsysrate.com is the #hardware and #maintenance costs for the #supernode - the lower the fee is, the bigger the rewards are for sharing among coin holders.



Connect with thousands of #VSYS fans around the world in our official @Telegram group: https://t.me/VSYSOfficialGroup



Check out our video tutorial on the #hot and #cold wallets for #VSYS Coins: https://www.youtube.com/watch?v=8-6cHHKwcJs



New token features are on the way, stay tuned for more info on the upcoming blog post! (spoiler alert: #securitytoken perhaps?)



Check out our weekly report 2019 april #1, we listed on more exchanges, and turkish influencer reviews us.

https://medium.com/@vsystems/weekly-report-2019-april-1-63c3ee0480c9
copper member
Activity: 334
Merit: 4
#ThrowBack to our CEO, Alex Yang, joining the Loan Market Association's conference earlier this year where he talked about how #blockchain will transform the industry: https://medium.com/vsystems/blockchain-is-set-to-transform-the-loan-market-says-dr-alex-yang-ceo-of-v-systems-86d12101b4a1



Check out our video : Simple Explainer for PoW - PoS - SPoS https://www.youtube.com/watch?v=SfEWj6e3KG0&t=15s



Weekly Report 2019 March #2 Check out our smart contract and token release's exciting development ! https://medium.com/vsystems/weekly-report-2019-march-2-151c32dd0703



We are Happy today to welcome the three new supernode coming to our ecosystem, who are Blockchainkeys, V Power, and Bitcity visit our supernode ranklist website as https://vsysrate.com/  to know more and get chance to minting reward upto annual 21% ROI https://vsysrate.com/



Subscribe to our @YouTube channel for a series of videos dissecting the V SYSTEMS project from #SPoS to user guides: https://www.youtube.com/channel/UC3tnJX2dztNKh2yJxFVSDAw



Thanks @ItsMeOhHeyMatty for your professional tech review! We recommend all fans to watch it, it will greatly help you understand more deep on the future of SPoS and Blockchain Databasehttps://www.youtube.com/watch?v=DLcKUL3y79E&feature=youtu.be



A supernode of V SYSTEMS earns 19.8 million VSYS Coins minting reward every year as incentive for block producing. If you want to be one of the supernode in V SYSTEMS blockchain, here is the video for you to follow:
https://www.youtube.com/watch?v=aHE4pNsD9BA&t=120s



Unlike most #DPoS, #SPoS gives coin holders part of the minter rewards thus giving more incentives to every party involved to rightly govern the #blockchain. Revisit the #SPoS whitepaper for the technical specifications: https://www.v.systems/pdf/sposwhitepaper.pdf



Excited to announce that more #airdrop programs will be happening very soon, stay tuned for announcement here and on our @Telegram channel: https://t.me/VSYSOfficialGroup



Weekly Report 2019 March #3 Check out our new development on token publishing function which support split and reverse split!   
https://medium.com/@vsystems/weekly-report-2019-march-3-a094c9dbd3f6



Start leasing VSYS Coins today to get the most of your coins! Find all the information you need on https://vsysrate.com/



Here's a complete manual to guide you through coin #leasing and how you can use it to earn #rewards: https://medium.com/vsystems/coin-leasing-in-v-systems-edf105726179



Just published the latest blog post on 51% attack and how @VSYSCoin and #SPoS is resistant to various kinds of attacks. Check it out here: https://medium.com/vsystems/v-systems-secure-against-attack-da89c8f843c1



Check out the full deck covering everything about V SYSTEMS - our vision, products, roadmap, applications etc. https://www.v.systems/pdf/vsysintro.pdf



Excited to announce that we’re chosen as the first #LaunchPad project of the world leading exchanges @ZBTalk @ZBGofficial @BW_COM_Exchange ! The IEO will be launched on March 27, stay tuned for more info!  check out the posted made by our Supernode VPower

https://twitter.com/VSYSCoin/status/1109041098012319744





ZB.com, ZBG, BW Announces First LaunchPad with V SYSTEMS by Sunny King

https://medium.com/@vsystems/zb-com-zbg-bw-co-announces-first-launchpad-with-v-systems-by-sunny-king-94f81c4b7ac8



Thanks Steve for this simple and fun explain of how coin holders can participant SPoS minting get reward, it rocks!  BTW we are going to LaunchPad on ZB ZBG BW on 27th this month, please stay tune!

Had a great time deep diving into the new consensus algo Supernode Proof Of Stake (SPoS) with @VSYSCoin by the creator of PoS Sunny King.

Really impressive technology with a mainnet and active supernodes!

https://youtu.be/_g0mouv7dbg



Excited to announce that we're chosen as the first #IEO partner of @ZBTalk! The IEO will be launched on March 27, stay tuned for more info!

https://medium.com/vsystems/zb-com-zbg-bw-co-announces-first-launchpad-with-v-systems-by-sunny-king-94f81c4b7ac8



Check out Cointelegraph coverage on ZB/bw/zbg's LaunchPad listing for VSYS coin @ZbTalk @ZBGofficial @BW_COM_Exchange

https://cointelegraph.com/press-releases/zbcom-zbg-bw-announces-first-launchpad-with-v-systems-by-sunny-king



New features for the web version hot #wallet has been released! Check out all versions of our @VSYSCoin wallet here: https://www.v.systems/wallet.html



Glad to see so many crypto users are now following Sunny King's vision. Thank you @ZbTalk @ZBGofficial @BW_COM_Exchange







A new chapter for V SYSTEMS’ smart contracts! We’re entering the development of token-related functions, currency test will be conducted on test network in early April. More info will be announced soon!
member
Activity: 161
Merit: 10
copper member
Activity: 334
Merit: 4
Can Vsystems refute the claims by the above poster?

Sunny has a good lengthy history in crypto. Vsystems might be a good one.  Cool

Thanks for the support to Sunny and also our project. We've responded earlier on #22 #38 #39 regarding the claims. Hopefully they help clear things up.



Sunny King sees 2019 as the year to establish effective sidechains. By running in parallel to mainchain, specialty activities can take place without involving the whole blockchain.

Check out his 2019 outlook here: https://medium.com/vsystems/outlook-by-sunny-king-2019-has-the-potential-to-be-transformational-62374c1a6ce7
newbie
Activity: 22
Merit: 0
Have known V SYSTEMS for long, and the previous name is VEE.


Just in case anyone is cheated, I am going to tell you it is like a scam.



They cheated quite a lot during fund raising, and by this, they raised $160 million.

1. They said they worked for it over 2 years, and in fact they didn't have any code at all!


When they were raising fund during Feb 2018, they said they had worked on it for over 2 years.
In fact, their first code was forked from waves on March 2018.

2. They just played a little code the time they claimed to be listed.


When they raise fund during Feb 2018, they said they would list coin be listed late Apr 2018.
In fact, they just tried waves code a little, and even unfamiliar with it at the time.
They started to submit some useful code after late July 2018.

3. Leasing can't be used at all for now, cause they have no smart contract at all now.



4. Their supernodes were not elected, but selected! Even much more centralised then EOS.



5. They made investors feel like it's hype and should invest ASAP during Feb 2018. And in fact they were still raising money late Sep 2018.



6. They privately promised they will buyback if the exchange price is lower than private price, in fact they failed to do that.


Their scam was revealed little by little when they failed to show code, to be listed, some investors asked to refund, they asked investors to calm down and promised to buyback at private sale price if the price drops lower than private price. In fact they are now hiding and escaping it.
The private price was 1000 Satoshi, around 0.09USD, and
the price is about 800 Satoshi, around 0.028USD now.

7. They are so much familiar to tell lies to cheat your money, KEEP AWAY FROM it.

copper member
Activity: 334
Merit: 4
Just in case anyone is cheated, I am going to tell you it is like a scam.


They cheated quite a lot during fund raising, and by this, they raised $160 million.

1. They said they worked for it over 2 years, and in fact they didn't have any code at all!

When they raise fund during Feb 2018, they said they had worked on it for over 2 years.
In fact, their first code is forked from waves on March 2018.

2. They just played a little code the time they claimed to be listed.

When they raise fund during Feb 2018, they said they would list coin be listed late Apr 2018.
In fact, they just tried waves code a little, and even unfamiliar with it at the time.
They started to submit some useful code after late July 2018.

3. Leasing can't be used at all for now, cause they have no smart contract at all now.

4. Their supernodes were not elected, but selected! Even much more centralised then EOS.

5. They made investors feel like it's hype and should invest ASAP during Feb 2018. And in fact they were still raising money late Sep 2018.

6. They are so much familiar to tell lies to cheat your money, KEEP AWAY FROM it.


Hi qq316085607, thank you again for your feedback. Please refer back to our previous response on #22 #38 #39 regarding your concerns. Please do not hesitate to let us know if you have other concerns regarding our project.



HashQuark, a leading mining pool focusing on public chains built upon PoS, has joined the V SYSTEMS network as a supernode. They have applied to be a supernode and received enough support from VSYS Coin community. Check out the full list of operating supernodes on https://vsysrate.com/.

Check out the announcement here: https://medium.com/vsystems/hashquark-joins-v-systems-as-supernode-be8c44aca0de



VSYS Coin holders can lease VSYS Coins to supernodes for coin minting, after which supernodes will share minting rewards back to the respective coin owners, giving you a steady source of income aside from the traditional HODL strategy in cryptocurrency.

Read our latest blog post on everything you need to know about coin leasing:




Our CEO, Dr Alex Yang, recently spoke at a loan market industry conference on how blockchain could replace the excessive layers in the industry. Take a look at our coverage on the money and time that could potentially be saved by blockchain:




We've recently submitted our project to Crypto Differ and InCodeWeTrust for project review.

Check out their reviews here and see how they dissect the V SYSTEMS project:

Crypto Differ: https://cryptodiffer.com/news/v-systems-dna-by-cryptodiffer/

InCodeWeTrust: https://cryptodiffer.com/news/v-systems-code-review-and-test/
newbie
Activity: 22
Merit: 0

Just in case anyone is cheated, I am going to tell you it is like a scam.



They cheated quite a lot during fund raising, and by this, they raised $160 million.

1. They said they worked for it over 2 years, and in fact they didn't have any code at all!


When they raise fund during Feb 2018, they said they had worked on it for over 2 years.
In fact, their first code is forked from waves on March 2018.

2. They just played a little code the time they claimed to be listed.


When they raise fund during Feb 2018, they said they would list coin be listed late Apr 2018.
In fact, they just tried waves code a little, and even unfamiliar with it at the time.
They started to submit some useful code after late July 2018.

3. Leasing can't be used at all for now, cause they have no smart contract at all now.



4. Their supernodes were not elected, but selected! Even much more centralised then EOS.



5. They made investors feel like it's hype and should invest ASAP during Feb 2018. And in fact they were still raising money late Sep 2018.



6. They are so much familiar to tell lies to cheat your money, KEEP AWAY FROM it.

copper member
Activity: 334
Merit: 4
What is the total coin supply vs. coins in circulation?

The genesis block generates 5,142,858,000 VSYS Coins. Every year there's an inflation of 5% in the coin issuance, in the form of supernode minting reward. At the same time, the transaction fee of V SYSTEMS main chain will all be destroyed (including transaction, supernode, database usage, DApp, and other functions). Please check https://explorer.v.systems/ for latest data.



where is the big announcement?

Our announcement for listing is posted on our Medium: https://medium.com/vsystems/v-systems-lists-vsys-coin-on-bitfinex-kucoin-and-bitforex-2ccb76bfdc4e

Follow our Medium for more regular updates Wink



VSYS Coins are the cryptocurrency on our V SYSTEMS Blockchain. Following the V SYSTEMS mainnet launch in September 2018, VSYS Coins will be used to pay transaction fees, supernode functions, leasing and minting. The VSYS Coins will also be used to access applications built on the V SYSTEMS network, such as smart contracts, DApps and pay for resources usage for projects built on V SYSTEMS decentralized database cloud.

Check out our blog post on how VSYS Coins could be a chance to be a part of V SYSTEMS: https://medium.com/vsystems/vsys-coins-your-chance-to-be-part-of-v-systems-5b0ee3bcb0c2



Being based on high-performance nodes, SPoS will enable a huge rise in the speed, scalability and security of blockchain tech against a 51% attack. Our mainnet of 15 supernodes has been up and running since September with a high degree of resilience and industrial-level TPS  , so we’re speeding ahead to the next stages.

For better understanding, read the  V SYSTEMS SPoS consensus white paper from here:
https://www.v.systems/pdf/sposwhitepaper.pdf



VSYS Coins' supernodes are elected among coin holders. Similar to mining pools for Bitcoin, the role of supernodes is to take on the heavy lifting of the mining work (in V SYSTEMS' case, minting instead of mining). In Bitcoin's case, the true benefits go to the miners; and in our case, the coin owners. The majority of supernode minting reward in V SYSTEMS is given to coin owners who leased their coins to supernodes for minting. Sunny King designed this logic to better align with Satoshi's initial vision of giving mining/minting rights to actual coin owners. If anyone's interested in learning more about how supernode / minting is benefiting coin owners, we would recommend giving a read to the SPoS whitepaper: https://www.v.systems/pdf/sposwhitepaper.pdf




The process of building a blockchain project involves many levels, including research, idea/concept development, design, coding, community building etc. To improve on PoS, Sunny King has dedicated a lot of time and effort to study thoroughly the pain points and areas for improvements, with the aim to push forward a new wave of adoption of feasible and stable blockchains. Many of the planning and idea development phases had come before the actual coding stage. Glad we're on track and there are many exciting updates coming this year: https://medium.com/vsystems/vee-a-roadmap-to-blockchain-liberation-91d7e93894ab



Take a look at how our flow of VSYS Coins in coin leasing and minting!





Sunny King: Blockchain needs to be easier
And this is very true, blockchain is hard enough to understand and talk about, let alone build. Sunny King says the sector needs to make it easier for anyone, even those from non-technical backgrounds, to create their own distributed ledgers.

To read more about the article: https://cryptobriefing.com/sunny-king-blockchain-utility/



Check out the latest market outlook from Sunny King: 2019 is going to be a transformational year for blockchain




Throw back to Vitalik Buterin's article in 2013 on Sunny King's creation Proof of Stake and why it matters.




We've just published our latest story detailing the four major pillars that V SYSTEMS is built upon and what benefits they are bringing to the market.

1. Supernode Proof of Stake (SPoS) --> High scalability
2. Blockchain databases --> Multiple purposes
3. Cloud & modular --> Easy Deployment
4. VSYS Coins --> High Sustainability

copper member
Activity: 334
Merit: 4
Today marks a new chapter to VSYSTEMS.

Listing VSYS Coins on three top exchanges including Bitfinex and KuCoin sends a strong signal to the crypto community and the wider blockchain world that we are serious about our commitment to the project and are moving forward with key iterations of our model. These exchanges only accept top-tier projects and set a high standard for entry, which is a proof-point of V SYSTEMS’ long-term viability and potential.

The new Supernode Proof of Stake Consensus (SPOS) is more resistant to 51% attack than Proof of Work consensus (PoW) as Sunny King has mentioned on his post: https://bitcointalksearch.org/topic/ann-introducing-project-v-systems-5095844. The team is here to solve some key issues at blockchian: scalability and engery consumption.
newbie
Activity: 22
Merit: 0

WHY V SYSTEM is like scam, here it is.

Because they cheated a lot when raising fund, and by this, they raised $160 million.

1. They said they worked for it over 2 years, and in fact they didn't have any code at all!

When they raise fund during Feb 2018, they said they had worked on it for over 2 years.
In fact, their first code is forked from waves on March 2018.

2. They just played a little code the time they claimed to be listed.

When they raise fund during Feb 2018, they said they would list coin be listed late Apr 2018.
In fact, they just tried waves code a little, and even unfamiliar with it at the time.
They started to submit some useful code after late July 2018.

3. Leasing can't be used at all for now, cause they have no smart contract at all now.


4. Their supernodes were not elected, but selected! Even much more centralised then EOS.


5. They are so much familiar to tell lies to cheat your money, KEEP AWAY FROM it.
copper member
Activity: 334
Merit: 4
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-91d7e93894ab
https://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-5095844

One 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-91d7e93894ab
https://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/VSYSOfficialGroup

And also, listing information will be announced tomorrow, so you can get you VSYS Coin very soon!
newbie
Activity: 22
Merit: 0
Have known V SYSTEMS for long, and the previous name is VEE.


Just in case anyone is cheated, I am going to tell you it is like a scam.



They cheated quite a lot during fund raising, and by this, they raised $160 million.

1. They said they worked for it over 2 years, and in fact they didn't have any code at all!


When they were raising fund during Feb 2018, they said they had worked on it for over 2 years.
In fact, their first code was forked from waves on March 2018.

2. They just played a little code the time they claimed to be listed.


When they raise fund during Feb 2018, they said they would list coin be listed late Apr 2018.
In fact, they just tried waves code a little, and even unfamiliar with it at the time.
They started to submit some useful code after late July 2018.

3. Leasing can't be used at all for now, cause they have no smart contract at all now.



4. Their supernodes were not elected, but selected! Even much more centralised then EOS.



5. They made investors feel like it's hype and should invest ASAP during Feb 2018. And in fact they were still raising money late Sep 2018.



6. They privately promised they will buyback if the exchange price is lower than private price, in fact they failed to do that.


Their scam was revealed little by little when they failed to show code, to be listed, some investors asked to refund, they asked investors to calm down and promised to buyback at private sale price if the price drops lower than private price. In fact they are now hiding and escaping it.
The private price was 1000 Satoshi, around 0.09USD, and
the price is about 800 Satoshi, around 0.028USD now.

7. They are so much familiar to tell lies to cheat your money, KEEP AWAY FROM it.

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