What is V Systems?
V Systems (VSYS) is a Blockchain database and a decentralized application platform to create a whole new digital economic era. The founder of the V Systems project is Sunny King – the father of PeerCoin, Primecoin, and Proof of Stake (PoS) consensus mechanism. V Systems aims to create a future economy built on millions of blockchains.
V Systems has built a stable and scalable infrastructure that brings a blockchain ecosystem based on the next development of PoS and Supernode Proof of Stake (SPoS). In addition, V Systems also creates an innovative cloud database to help develop blockchain quickly and easily.
The V Systems project has released mainnet and supernodes for its system since Q4 2018 with stable performance, industrial-level TPS (number of transactions per second).
The features of the V Systems project
Decentralized databases and applications: Scalable databases with blockchain platforms are in high demand in areas such as banking, asset management, transactions, contracts. V Systems provides custom solutions for businesses and organizations with decentralized cloud platforms.
Blockchain development platform: V Systems provides the platform for application developers to be able to create their own blockchain without having much knowledge of blockchain. The platform has a modular structure that supports many different consensus algorithms.
Create user-friendly blockchain: V Systems’ user-friendly blockchain creation platform significantly reduces the entry barrier for blockchain developers, reducing the burden on developers while still meeting project requirements.
Proof-of-stake Supernode consensus mechanism: This is an entirely new pure consensus mechanism invented by V Systems. True to its name, SPoS is a combination of Supernode and Proof-of-stake. SPoS is designed with enough advantages for Supernodes to upgrade hardware and continually improve network performance to support large-scale development of decentralized applications.
V Systems development team
Sunny King (Founder): he invented the Proof-of-Stake consensus mechanism and created 3 blockchain platforms: V Systems, Peercoin and Primecoin.
Alex Yang (CEO): He is a businessman and investor FinTech with over 14 years of experience in banking and finance. He is the founder and CEO of Fund V, one of the first token funds in Hong Kong.
In addition, V Systems’s core development team includes experts who have worked at Oracle, VMware, Google, Uber and many other silicon valley technology companies.
V Systems brings many new integrations and becomes different from existing projects on the market. Users can easily build their own Blockchain platform on V Systems without having to know to program.
Besides, V Systems combines Supernode and POS algorithm to create a new consensus mechanism, in order to increase scalability, while ensuring stable block creation process.
However, the number of Supernodes is quite small, which can lead to the concentration of power in a small group of Supernodes. Not only that, the current V Systems rivals are giants: ETH, EOS, NEO, TRON, Binance Chain. Despite the breakthrough, V Systems needs to prove more to be able to compete with these giants.