Coin leasing Rewards
The reward for coin leasing is calculated via a simple formula. Determining the average return on coin leasing is performed relatively easily but depends on various factors that include the number of VSYS coins leased to a supernode, the minting average balance of the node, the total minting reward gained by the supernode during minting, and the supernode interest rate.
Check out more at:
https://vsysrate.com/
Topic: ZB.com, ZBG, BW Announces First LaunchPad with V SYSTEMS by Sunny King - page 6. (Read 3207 times)
May 23, 2019, 10:56:34 AM
May 21, 2019, 11:01:00 AM
What is SPoS?
Sunny King creates a new way of measuring coin stake called Minting Average Balance (MAB). It merges the concepts of Weighted Average Balance (WAB) and the current coin balance, and takes the minimum of the two. Not only does it ensure the fairness of calculation, it also reduces the complexity and disadvantages associated with “confirmed balance”, a hugely ineffective algorithm especially in a high block height environment.
Read more in our SPoS Whitepaper for details：https://www.v.systems/pdf/sposwhitepaper.pdf
Sunny King creates a new way of measuring coin stake called Minting Average Balance (MAB). It merges the concepts of Weighted Average Balance (WAB) and the current coin balance, and takes the minimum of the two. Not only does it ensure the fairness of calculation, it also reduces the complexity and disadvantages associated with “confirmed balance”, a hugely ineffective algorithm especially in a high block height environment.
Read more in our SPoS Whitepaper for details：https://www.v.systems/pdf/sposwhitepaper.pdf
May 19, 2019, 12:18:52 PM
Project replications here and there In this cryptocurrency space. I hope that this will really improve the market and advance the technology of cryptocurrency to attract more people to blockchain and not another money grabbing scheme
May 19, 2019, 11:49:37 AM
V Systems Mission
V SYSTEMS’ mission is to create a future economy built upon millions of blockchains. To fulfill this mission, V SYSTEMS creates a scalable and stable infrastructure that brings a healthy blockchain ecosystem based on the next evolution of PoS, Supernode Proof of Stake (SPoS). V SYSTEMS aims to materialize the vision by building an innovative database cloud to make blockchain development swift and easy.
Website: https://v.systems
V SYSTEMS’ mission is to create a future economy built upon millions of blockchains. To fulfill this mission, V SYSTEMS creates a scalable and stable infrastructure that brings a healthy blockchain ecosystem based on the next evolution of PoS, Supernode Proof of Stake (SPoS). V SYSTEMS aims to materialize the vision by building an innovative database cloud to make blockchain development swift and easy.
Website: https://v.systems
May 18, 2019, 12:33:09 PM
What is the difference between SPOS and DPOS ?
They look pretty similar by concept.
They look pretty similar by concept.
May 18, 2019, 11:06:00 AM
What is the biggest challenge to Fintech transformation in 2019? How does V SYSTEMS contribute to a successful digital transformation?
There are more and more projects coming into the FinTech space. It’s not necessarily a challenge, but it’s definitely harder for a business to stand out among the sea of FinTech companies. On the bright side though, it’s a good thing, more competition pushes for better technologies, and, in turn, pushes the FinTech transformation. What we’re doing here at V SYSTEMS is we’re bringing what the market needs – it’s more than just blockchain, it’s blockchain that’s easy to create. We are here to enable anyone to create blockchain at fingertip.
There are more and more projects coming into the FinTech space. It’s not necessarily a challenge, but it’s definitely harder for a business to stand out among the sea of FinTech companies. On the bright side though, it’s a good thing, more competition pushes for better technologies, and, in turn, pushes the FinTech transformation. What we’re doing here at V SYSTEMS is we’re bringing what the market needs – it’s more than just blockchain, it’s blockchain that’s easy to create. We are here to enable anyone to create blockchain at fingertip.
May 14, 2019, 11:12:20 AM
V SYSTEMS Smart Contract and Token System
Read more from here for more information:
https://medium.com/vsystems/v-systems-smart-contract-and-token-system-206bef9d67b2
Read more from here for more information:
https://medium.com/vsystems/v-systems-smart-contract-and-token-system-206bef9d67b2
May 13, 2019, 12:42:12 PM
Global PoS Fans Meetup: Explore Future Trends Of Blockchain
If you attend consensus 2019 in NY, and you HODL proof-of-stake based crypto, you should join our event on 15th by Sunny King Team, creator of Proof-of-Stake
https://www.eventbrite.com/e/global-pos-fans-meetup-explore-future-trends-of-blockchain-tickets-61728152566?aff=ebdssbdestsearch
If you attend consensus 2019 in NY, and you HODL proof-of-stake based crypto, you should join our event on 15th by Sunny King Team, creator of Proof-of-Stake
https://www.eventbrite.com/e/global-pos-fans-meetup-explore-future-trends-of-blockchain-tickets-61728152566?aff=ebdssbdestsearch
May 12, 2019, 10:59:34 AM
Laucnch pad is the new money minting machine in town, which benefits both the exchange, developers and few who are lucky to have bought good IEO, we have a lot of shitty IEO now, some will even have an IEO in an exchange but will still go to Folkdelta and start trading there, alleging that bounty hunters want to destroy the project. One has to be careful of what they spend their money on.
Soon all big and small cryptocurrency exchanges will have their own similar launch pad platform as IEO seems to be gaining traction in the market after STO failed to get the interest of most influential figures. Now, am just hoping that this will not be abused leaving many token buyers again holding empty bags. IEO is now tied to the integrity and reputation of an exchange so I am assuming that there is a thorough vetting before a project is welcome onboard otherwise this can just be another version of the despised ICOs of 2018 and 2018. Let's always evaluate well any project that we want to support with our pockets.
May 12, 2019, 10:40:52 AM
V SYSTEMS smart contract and token publish function enter final testing stagerevealed in HKUST Blockchain Meetup
Read more from here for more information:
https://medium.com/vsystems/smart-contract-and-token-publish-function-revealed-in-hkust-blockchain-meetup-ced0d279164
Read more from here for more information:
https://medium.com/vsystems/smart-contract-and-token-publish-function-revealed-in-hkust-blockchain-meetup-ced0d279164
May 09, 2019, 10:29:15 AM
V SYSYTEMS code review and test
V SYSTEMS (formerly known as VEE) caught our attention as the project is architected by the pseudo-anonymous developer Sunny King, a pioneer and long standing proponent of proof-of-stake protocols.
https://cryptodiffer.com/news/v-systems-code-review-and-test/
V SYSTEMS (formerly known as VEE) caught our attention as the project is architected by the pseudo-anonymous developer Sunny King, a pioneer and long standing proponent of proof-of-stake protocols.
https://cryptodiffer.com/news/v-systems-code-review-and-test/
May 08, 2019, 10:46:08 AM
Stake liquidity
With a high level of stake liquidity, minters can spend or transfer their stake at any time. Coin leasers can also withdraw their lease, spend, or transfer their stake at any moment. This freedom of movement helps safeguard the blockchain. Take an extreme example of when supernodes are under attack under SPoS mechanism, a coin holder can immediately withdraw the lease and switch to a secure backup supernode.
Check more at:
https://medium.com/vsystems/supernode-proof-of-stake-complete-guide-by-moonking9998-41a8f7675a28
With a high level of stake liquidity, minters can spend or transfer their stake at any time. Coin leasers can also withdraw their lease, spend, or transfer their stake at any moment. This freedom of movement helps safeguard the blockchain. Take an extreme example of when supernodes are under attack under SPoS mechanism, a coin holder can immediately withdraw the lease and switch to a secure backup supernode.
Check more at:
https://medium.com/vsystems/supernode-proof-of-stake-complete-guide-by-moonking9998-41a8f7675a28
May 07, 2019, 09:29:39 AM
Difference between PoW and PoS
The major difference between Proof-of-Work and Proof-of-Stake is that instead of allocating weight based on computing resource consumption as in the case of Proof-of-Work, Proof-of-Stake consensus systems allocate weight relative to the amount of coin holdings participating in the consensus activity, also known as block minting. This algorithm decouples the consensus security level from system energy consumption level and eliminates the requirement of energy consumption in order to reach consensus.
Read more in our whitepaper:
https://www.v.systems/pdf/vsyswhitepaper.pdf
The major difference between Proof-of-Work and Proof-of-Stake is that instead of allocating weight based on computing resource consumption as in the case of Proof-of-Work, Proof-of-Stake consensus systems allocate weight relative to the amount of coin holdings participating in the consensus activity, also known as block minting. This algorithm decouples the consensus security level from system energy consumption level and eliminates the requirement of energy consumption in order to reach consensus.
Read more in our whitepaper:
https://www.v.systems/pdf/vsyswhitepaper.pdf
May 06, 2019, 11:34:17 AM
May 05, 2019, 10:56:58 AM
V SYSTEMS have launched "Global Ambassadors Program" to further promote V SYSTEMS and expand our minting community!
Check the details here: https://medium.com/vsystems/ambassador-plan-launch-f080b9fcb972
Check the details here: https://medium.com/vsystems/ambassador-plan-launch-f080b9fcb972
April 30, 2019, 11:07:53 AM
April 29, 2019, 10:36:28 AM
Laucnch pad is the new money minting machine in town, which benefits both the exchange, developers and few who are lucky to have bought good IEO, we have a lot of shitty IEO now, some will even have an IEO in an exchange but will still go to Folkdelta and start trading there, alleging that bounty hunters want to destroy the project. One has to be careful of what they spend their money on.
April 29, 2019, 10:32:02 AM
Haha, yesterday I did a ZB exchange airdrop, so it wasn´t a waste of time? Great to hear!
By the way will you plan to manage a bounty campaign to attract more investors?
By the way will you plan to manage a bounty campaign to attract more investors?
April 29, 2019, 10:24:28 AM
Sunny King developed PoS as an alternative means of achieving consensus to Proof-of-Work (PoW). Simply put, the creator of a new block is selected, usually but not always based on the number of tokens they hold. Rather than relying on energy-intensive mining rigs, King considered PoS to be a far more practical way to scale blockchain networks without compromising security or immutability.
Read more at:
https://cryptobriefing.com/sunny-king-blockchain-utility/
Read more at:
https://cryptobriefing.com/sunny-king-blockchain-utility/
April 28, 2019, 11:52:15 AM
it is a good move by the ZBG exchanger to move them a step ahead of the known regular packages they offer which is basically to exchange tokens amongst traders. the latest development of the ZBG has now taken the platform to the level in which other exchangers have amounted to starting form Binance and to the most recently Bittrex and now ZBG
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