V Systems Information

What is V SYSTEMS? V SYSTEMS (VSYS) is an open-source blockchain network built to enable and support efficient and agile development of Web 3.0 decentralized applications. VSYS is designed for real world use cases, making it possible to create, send, trade and track them in a digital form. V SYSTEMS Technology is designed for a real world use case with a set of composable “no code” smart contracts that cover the vast majority of cases. This makes it easy for blockchain developers to build their own decentralized applications without worrying about the blockchain layer. V SYSTEMS was founded in 2018 by ‘Sunny King’, the creator of ‘Proof of Stake (PoS)’ consensus mechanism and three blockchain projects - V SYSTEMS, Peercoin and Primecoin. The Supernode Proof-of-Stake, also known as SPoS, is an efficient distributed consensus algorithm with high resistance to 51% attacks. SPoS is designed to allow for high scalability and transaction throughput while retaining as many favorable features of Proof-of-Stake as possible.