V.Systems (VSYS)

Description: v.systems (also known as VSYS) is a blockchain database cloud project that aims to create a secure underlying infrastructure platform for blockchain database. The project will deliver decentralized cloud database technology to carry out complex decentralized applications and support the operation of trillions of blockchains effectively, with high scalability, durability and performance.
Blockchain: Own
PoS:
Yes
MN:
Yes
Historic High:
0.2975 $
Historic Low:
0.1357 $
Partners:
Cobo Wallet, Huobi Pool, Peercoin Pool, Okex Pool, Hello VSYS… + more
Exchanges: Binance, Okex, Huobi, Upbit, Bkex…
Technical features:  VSYS team has devised the brand new Supernode Proof-of-Stake (SPoS) consensus, to both incorporate the goods and discard the bads with the old mechanisms. SPoS consensus will serve as the enabling technology for blockchain to reach a global scale. Supernode Proof-of-Stake consensus mechanism dictates that elevated nodes (supernodes) act as minting pools while holders of VSYS coins, native currency of the blockchain, take up the role as minters through leasing their coins to supernodes. Interests will be paid to coin owners who leased their coins to supernodes for minting. This new incentive model does not only ensure the quality of the nodes, but also guarantee a truly decentralized ecosystem where VSYS coin owners have the actual power to govern the network. At the same time, the system also allows for contention to be supernodes at any moment through determining a winner among contenders by comparing their minting average balance. This innovative mathematical approach ensures the system carries enough stake liquidity while reduces busy contention attack.

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