Dear ATOMARS Community,
We are pleased to announce the listing of V Systems (VSYS) on ATOMARS exchange. V Systems (VSYS) deposits are effective starting from December 9, 2019, and the following trading pairs will be available: VSYS/BTC and VSYS/USDT.
V SYSTEMS PROJECT SUMMARY
V Systems (VSYS) is a blockchain database and cloud services-based project which aims to create a secure background infrastructure platform for a blockchain database. Led by Chief Architect and creator of the Proof-of-Stake consensus mechanism, Sunny King, the blockchain platform from V Systems was developed to deliver decentralized cloud database technology that has high performance, high scalability, durability, and finality. Supported on the network is the ability to develop smart and efficient applications, which include finance (DeFi), social media, entertainment, and much more.
In November 2018, the V Systems mainnet and supernodes went live. Since then, the VSYS coin has been listed on several exchanges, which include some of the well-known ones like Bitfinex, Huobi, ZB and more.
V SYSTEMS (VSYS) FEATURES
Supernode Proof-Of-Stake (SPoS) Consensus: The brand new SPoS consensus has been created by the V Systems team to serve as an enabling technology that will drive blockchain adoption on a global scale. With the Supernode Proof-of-Stake consensus mechanism, supernodes or elevated nodes act as minting pools while VSYS coin holders become minters by leasing their coins to supernodes. Users who lease their coins to supernodes will be rewarded. This model of giving incentives will ensure node quality and ensure that the ecosystem is truly decentralized. Ultimately, VSYS coin owners gain power for network governance.
Also, the system allows users to compete to be supernodes at any point by comparing their minting average to determine a winner. This approach is innovative and ensures there is enough staking liquidity in the system, which reduces contention attack.
Mainchain-Sidechain Model: V Systems introduces a unique model for the mainchain and sidechains. A blockchain S is called a sidechain of another blockchain M, which is the mainchain, if S satisfies:
Awareness: full nodes of S are also full nodes of M and process the entire blockchain of M.
Synchronization: S observes abstract clock synchronization to M.
Upon generation of a sidechain block, it is linked to the latest mainchain block as its mainchain parent. Multiple sidechain blocks can share the same mainchain block as their mainchain parent. This mainchain-sidechain parent-child relationship must also be order-preserving.
This model of mainchain-sidechain enables V Systems to develop a proprietary communication method between the two blockchains. This model doesn’t require sidechain pegging, thus giving sidechain projects much more freedom to innovate.
Cloud Features: Developers will get toolsets from the platform to set up blockchain for applications. Blockchain template preparation enables users to choose from several protocol parameters and components like a consensus model. Once they have selected the template and options, toolsets are provided to deploy a new blockchain for applications.
Scalability: V Systems seeks to solve the scalability issues present on a single blockchain. It allows applications to run in separate blockchains, helping to achieve complete scalability isolation to other operating systems within the ecosystem. The aim is to bring a world where there is an unlimited number of blockchains that become the future of scalability.
Usability: V Systems will develop a browser-based wallet and mobile wallet to ease use. It will do all of this while ensuring the most modern user experience and providing a high level of security. Users should be able to use cold wallets to safeguard their digital assets and keep them from the threat of hackers in the dark corners of the internet.