V SYSTEMS — Crypto News
V SYSTEMS (also known as VSYS) is a blockchain database cloud project that aims to create a brand new digital economy era. The project will deliver the world’s first object-oriented general purpose distributed database, which is empowered to carry complex decentralized applications.
Decentralized Database and Application
Decentralized and scalable database and application with blockchain technology is in high demand in areas such as banking, asset management, trading, contracts, etc. We provide custom solutions for businesses and organizations with decentralized cloud platforms.
Blockchain Development Platform
We provide development platforms for application developers to instantly create blockchains. The platform has a modular structure that supports multiple consensus algorithms.
User-friendly Blockchain Creation
Our user-friendly blockchain creation platform significantly lowers the entry barrier for blockchain development, easing the burden for developers while exceeding project requirements.
What is SPoS?
Supernode Proof-of-Stake (SPoS) consensus is Sunny King’s new innovation, a major pillar that V SYSTEMS is built upon.
Performance-oriented Evolution
SPoS is designed with enough incentives for supernodes to upgrade hardware and therefore continuously improve the network performance to support large scale growth of decentralized applications.
Minting Economy and Self Governance
Supernodes minters produce blocks using both their own coins and coins leased by other users. A reward in the form of interest will be paid to the owners of leased coins. Since equal minting right gives supernodes equal standing and output, an equilibrium exists as a built-in force to equalize the ecosystem and thus solves the threat of centralization as seen in Bitcoin and other PoS ecosystems.
No Barrier to Participate in Minting
By introducing a pioneering account balance measure known as Minting Average Balance, V SYSTEMS is able to support stake liquidity and resolve busy contention attacks. The high liquidity removes the entry barrier for users who would like to participate in minting while ensuring the security of the network.
Why V SYSTEMS?
Open Platform
Open to all blockchain technologies. Promote a healthy and competitive environment for a variety of blockchain technologies and ideas.
Cloud
Facilitate a more efficient creation of new blockchain apps with advanced cloud tools that help blockchain developers focus on business logic.
Scalability
Optimized for database application, modular architecture, micro services, and industry standard REST API.
Blockchain Apps on V SYSTEMS
Finance: Improve service efficiency by enabling financial service providers to transact instantly, directly, and securely.
Currency: As a revolutionary change to traditional currencies, the cryptocurrency is transforming payments and value in a peer-to-peer and self-regulated fashion through latest technology.
Identity Management: Avoid illegal changes or counterfeit on official identities and documents.
Smart Contract: Smart contracts between parties are flexibly defined without third-party arbitration but with certainty of settlement.
Games: Manage virtual assets in virtual world.
Digital Assets: Keep digital assets secure; prevent fraud; and emphasize anonymous private property.
Cross-chain transaction: Easy to trade different tokens between several blockchains with high privacy, safety and fast.
Education: Continuing life study and continuous tracking the performance of student will become popular.
Voting, authorization, and authentication: Publicly and transparently record activities to make voting or authorization tamper-proof and incorruptible.
AI: Blockchain and AI will have some cross-points in the future, and will sprinkle big surprise.
Digital Arts: Easy to solve the copyright problem and decrease the fee of usage of arts, at the same time track and chat with customers conveniently.
Originally published at https://cryptonomad.info on July 9, 2019.
