What is V Systems (VSYS) in simple words: history, course and how to buy

2019-08-21 00:00:00:

Virtual currencyis in active circulation and is gaining more and more popularity and demand. Analysts predict a gradual replacement of conventional money by cryptocurrency. This is due to the globalization of Internet resources. The unit of any cryptocurrency is a coin. It contains encrypted information, completely protected from copying and counterfeiting. Such coins have no physical counterparts, they cannot be touched or held in hands. The issue takes place on the Internet and has nothing to do with the usual currency. Recently, more and more cryptocurrency developments have appeared that are trying to implement and make them effective. But not everyone has a chance of further progression. Many projects go unnoticed. The same cannot be said about V Systems. The currency became a real breakthrough last year, in a short time it managed to strengthen its position and increase in value. What is the reason for such popularity, and what is the future of this modern and demanded cryptocurrency?

What is V Systems

Lets see what V Systems is. The beginning of 2019 was marked by the emergence of many new cryptocurrencies. But most of them “got lost”, and failed to “shoot”. Simply put, they never met the expectations of their developers. Things are completely different with the V Systems cryptocurrency. In just a few months, the value of the coins increased by more than 500%, having managed to adequately attract the attention of many investors who have developed a genuine interest in the new payment system.

Cryptocurrency developer - Sunny King. Those who are interested in news on currency exchanges have probably heard this name more than once. He has several successful crypto projects on his account - Peercoin (PPC) and Primecoin (XPM). For several years in a row, they were assigned leading positions in the world ratings of cryptocurrencies. Due to natural reasons, the main of which is Kings departure from the leadership position, these coins have lost their positions. And the developer left to work on a new breakthrough project, which became V Systems. The cryptocurrency appeared back in 2016. It immediately became clear that the system would become the latest word and a real breakthrough in the digital economic space.

The company has developed and applied a completely new approach to the functioning of the blockchain . A special distributed cloud base has been developed. It will allow not only launching, but also effectively developing blockchain products. In simple terms, V Systems is not only a new cryptocurrency, it is also a unique platform on the basis of which you can perform fast and, most importantly, inexpensive transactions. The transaction lasts no longer than a second. At the same time, the developers paid special attention to protecting users: thanks to the high level of cyber security, the system is reliably protected from any hacks.

Inside the platform, there is a currency called the VSYS token. During the launch of the project, about 5 million coins were issued by the developers. The number regularly decreases, and this is primarily due to the high probability of inflation.

The main feature of the project is that it is implemented using a special algorithm - SpoS. The same Sunny King invented, developed and implemented it. Due to the fact that stable blocks are created, the performance inside the platform is several times higher than on similar sites. Interestingly, everyone with VSYS coins can participate in minting without hindrance. This is the process during which new blocks are created. And not just like that, but for a special reward. It does not matter how long a person has been a holder of coins, how many of them are in his wallet, whether he has programming skills or not. Absolutely everyone can participate in this interesting process - there is no minimum bet, and there is no need to create nodes, everything is extremely simple and clear.

The presence of cryptocurrency opens up the possibility of creating a new blockchain application. This process takes no more than 2 minutes. Within the platform, several tools, modular systems and protocols are proposed to implement this idea. In addition, in order to exchange between disconnected blockchains, the developers suggest using special crosschains. And thanks to sidechains, a branch of secure additional blockchains from the main one is provided. All this is very interesting and opens up completely new opportunities in the cryptocurrency world.

History of V Systems

As already noted, the start of work on the creation of the project began back in 2016. From this moment the history of V Systems begins. The developers announced the completion of the main technical stages in 2018.However, the launch of the cryptocurrency took place only in March 2019. For several weeks, the cost varied within three cents. But the daily trading turnover rose over a million dollars. Probably not a single coin has ever known such a success.

By the end of March, the coins appeared on ZB.com, the quotation increased to 5 cents. Soon, a token sale started, where the cryptocurrency was sold in less than a minute, which allowed the value to double.

Literally a couple of weeks later, the listing of VSYS began on Coinall. Thanks to this, the cost has doubled. Then there was a correction, which went very smoothly and had practically no effect on the course. But in May, the dynamics stopped, and the cost was kept within the range of $ 0.12. Some have sounded the alarm - is the growth stopped there? But pessimistic expectations did not come true, and by the end of June the coin is already worth $ 0.2, which, by the way, is a historical maximum. Now the daily trading turnover is over 10 million.

Market charts are cryptocurrencies, if analyzed in detail, they are very multi-level. According to them, the price first rises by 20%, then falls slightly and rises again. This gives every reason to believe that the coin is about to "break" the upper ceiling. But when will this happen? Only time will tell.

Today, more and more often the idea is voiced that the future of V Systems will be provided only by global systems in which completely different blocks are combined. However, today sidechains and crosschains are not fully functional. The reason for this lies in limited scalability, the difficulty of launching new blockchains, and the lack of databases corresponding to the size and function. The developer is aimed at solving such global issues. V Systems should become its tool. There are plans to create a global database tailored for operations carried out with cryptocurrencies. There are also plans to develop supernodes for blockchain interaction, as well as a simple modular system that will launch new chains. Cloud technologies should accelerate the work of blockchains, and they will also significantly reduce the cost of transactions. King plans to launch decentralized applications that will run efficiently with the latest databases with unique high performance.

The ideas have already begun to be embodied in progressive projects such as V Systems, a distributed cloud database for blockchains. This cryptocurrency concept is completely new, there are no such developments, they have never even been carried out before. Technical specialists were selected as the target audience. They are provided with a ready-made base on which to launch and scale products. But the application of the base does not end there, it is also useful for ordinary cloud users, for whom V Systems today is a global platform where you can exchange transactions without spending a lot of time and not overpaying.

Literally for a year of operation, the mainnet has completely proved its viability. Users spend a minimum of their time on transactions, and all attempts of cyber attacks during this time were successfully prevented at their initial stage. The burglars simply did not have a chance, because the system is under reliable, multiply enhanced protection.

The functioning unit within the system is the VSYS token. It can be used to pay for transactions, chain launches and access to all kinds of applications.

Distinctive features of V Systems

The project with a blockchain database has a completely justified and very important goal - to create a new era in the digital economy. Thanks to the project, the world will have the first general-purpose object-oriented distributed database that can easily support the most complex decentralized applications.

The main feature of this project is that it is implemented using a special algorithm - SpoS. It is an improved version of PoS. The developer managed to create stable blocks, which made it possible to significantly improve the performance within the platform in comparison with similar sites. For a separate reward, coin holders participate in minting and create new blocks without barriers. Creation of new blockchains takes a couple of minutes, and there is no need to create supernodes or have certain programming skills. All this made VSYS an extremely popular platform where you can realize your wildest ideas. At the same time, users are completely unlimited in their actions, tools, modules, protocols and system components are open to them.

How V Systems Works

VSYS is the main cryptocurrency unit operating within the blockchain. It is mainly used as a reward for creating new blocks, as well as for using the functions available within the platform. The coin has a high paying capacity, which is confirmed by the best specialists in this field. Transaction even the largest transfer does not take longer than a second time. Another positive side is a low commission and a high level of security, which reduces the vulnerability of the coin to attacks several times. 

VSYS provides the V Systems blockchain with a virtual economy that is fully balanced. This provides complete protection for the long-term interests of coin holders and supernodes. When verifying blockchains, coins are used to pay commissions, as well as for interest distribution, leasing and rallies. Cryptocoins can be used to gain access to applications running on the network. Among them are smart contracts, sidechains, crosschains and DApps. You can pay in coins using resources for projects that are built on the basis of the V Systems decentralized database cloud.

V Systems is the first and so far the only blockchain database in the world designed to bring any developers idea into reality. Thanks to cryptocurrency, you can create any blockchain applications that will be able to process even the most complex data. Moreover, this can be done on the basis of any existing system. And the mainnet will support any application created by the developer. The blockchain is created literally with one click, which is ensured by a flexible modular design and cloud platform development. In order to make development more efficient and stable, within the framework of the system, you can choose the best components that suit the developer. The range of modules is really wide and striking in its variety. The protocols have a multi-level structure, all components are systemic. This allows the creation of sandchains and Dapps in a few clicks, which keeps development complexity to a minimum.

The Roadmap includes smart contracts , sidechains, crosschains and other opportunities. According to the planned newest implementations, the team will develop advanced technologies that will result in a new generation of safe technologies.

V Systems advantages and disadvantages

Everything new causes genuine interest and a desire to analyze strengths and weaknesses. V Systems cryptocurrency was no exception. Among the clear advantages of the system, which are named by researchers, users and, of course, developers, the following positions can be distinguished.

• Developer popularity. Sunny King managed to establish himself in the cryptocurrency world. Under his leadership, effective systems have already been developed, which at one time became a real explosion. The trust in his brainchild is really colossal. In addition, the developer enlisted the support of top fintech investors and a huge team of specialists, which made it possible to initially strengthen the position of the new cryptocurrency in the digital market.
• Widespread acceptance. Many leading traders leave only positive reviews about VSYS. At the same time, many believe that while the coin is simply underestimated, and when they understand its true value and appreciate its significant contribution to the digital economy, the currency will really "explode" and will be able to take a worthy leading position in all world cryptocurrency ratings. By the way, many exchanges such as, for example, Bitfinex, Bitforex and KuCoin announced the listing of V Systems even before it appeared on the market.
• Advanced technology. The modern digital economy market is in constant motion, which requires the introduction of the latest proven technologies that will provide it with a decent future and help it become competitive. Blockchain synthesis, cloud technologies and distributed databases that the system provides are not only able to solve problems, but also contribute to a significant differentiation of the system against the background of other similar ones. 
• Interesting and very impressive. According to it, it is planned to launch additional supernodes. The plans include the development of cloud storage (by the way, one of a kind), as well as comprehensive provision of smart contracts. Next year, new modules will be released, the software will be completely updated, and the system will enter a new global level.
• Working product. Any development starts with a project. And their success can be judged by the implementation of the idea. The developers of V Systems were able to successfully and in a short time implement most of the points of their ambitious project. And this is the main proof that the network is really capable, with great ambitions and will bring many more benefits.

Unfortunately, any barrel of honey has its own fly in the ointment. No matter how reliable and progressive the system is, there are a couple of factors that can play not in its favor. In the case of V Systems, there are also 2 factors that, quite possibly, will play a negative role in relation to quotes. The first is that not everyone, without exception, is inspired by a developers reputation. Many have suspicions about the developers previous projects, in particular, it remains a mystery why King abandoned very promising developments and switched to other tasks. This suggests that Sunny lost interest in altcoins as soon as he made what he wanted with them. The question of interest is quite logical - will it not happen in this case? 

The second negative factor, according to some experts, is that the project is completely focused on blockchain developers. Of course, this increases the options for what to invest in it for those who are focused on the development of technology, and not on market speculation. But on the other hand, such positioning significantly narrows the circle of potential investors. If crypto was more mainstream, it would have a lot more cash injections.

Whatever it was, everyone agrees that V Systems is a fairly promising project and, judging by the current affairs, a very long-term one. VSYS tokens are worthy in the cryptocurrency portfolio, at least in the coming years. If the developers continue to follow the announced Roadmap, they will certainly be able to take positions in the listing of the top exchanges in the near future. However, this is exactly what the creators of the cryptocurrency are currently working on. This means that in a year the altcoin has every chance to show high growth and take a leading position.

Does mining V Systems exist?

Mining is an interesting process in which anyone who wants to and has the opportunity to have a coin holder can take part. But it should be understood that mining V Systems is quite specific. This is due to the development and implementation of a new protocol - SPoS. This is a complex technical algorithm that is difficult to explain in simple terms. But still we will try to do it. So, the diagram looks something like this. Supernodes - supernodes are regenerated with new coins. By the way, in the future they can amount to thousands. Therefore, in order to take part in mining, you need to become such a super node.

What is needed for this? First of all - to provide yourself with the equipment necessary for this process. Next, you need to select a supernode and start challenging its work. How? Prove that your token mining is much more efficient. If you can do this, you will become a super knot. It makes no sense to go into the details of this process, because it is only suitable for experienced developers or high-performance teams that operate and maintain a supernode, and also have adequate community support. This is even stated on the project website. For ordinary users, this method will be inaccessible or simply inappropriate. 

But there is a great alternative to mining - leasing. Its essence is extremely simple. Any member of this network can choose a super node that suits them, allocate coins to it and receive interest. To do this, it is enough to acquire a V Systems crypto-wallet, select the required super-node resource, transfer funds to it (the address will be indicated).

How to buy or sell V Systems?

The fastest and easiest way to buy or sell cryptocurrency is to use the services of exchanges. There are a lot of those today, so you need to use trial and error to choose the option most suitable for all plans. The most popular trading platforms where V Systems are exchanged are BitForex, Coinall, ZB.COM, OceanEx, KuCoin, Bitfinex and Bgogo.

In addition, tokens can be mined. This process is described above and is quite complicated, so it is not suitable for all cryptocurrency holders.

The third option is leasing, which was also discussed above. In fact, leasing is a kind of investment in the super node that you choose. With a fortunate coincidence, you will be able to consistently receive your interest as the coins are generated.

You can also wait for a free distribution of coins, but this can take a long time. And such giveaways sometimes happen, their purpose is to attract attention and increase activity among users. The option, lets say, is completely unreliable. You may have to wait a very, very long time.

Quite an actual question - which course is V Systems ? At the moment:

• rate of V Systems to the ruble - 1 to 17.150;
• V Systems rate to the dollar - 1 to 0.25;
• rate of V Systems to euro - 1 to 0.2.

Where to store V Systems

To store V Systems , as well as to take part in leasing, you can safely use different crypto wallets. Among them are official and third-party ones. Among the latter, it is worth highlighting such developers as Cobo, Hashkey, DalongWallet. We will pay more attention to official wallets.

So, official wallets can be cold or hot. You can download them on the developers website. To do this, just go to the Wallet section.

VERY IMPORTANT! A cold wallet is intended only for storing crypto coins. If you need to manage assets, carry out all sorts of operations, a hot wallet will do.

Keys and passwords for wallets are different. However, it is worth considering that starting a cold wallet is possible only through a hot wallet. Even if you plan to carry out only a simple holding, you will have to start two wallets at once.

Lets take a closer look at what a crypto wallet is . Moreover, recently the demand for cryptocurrencies has increased significantly (especially over the past couple of years), so you need to know where you can safely store your coins. Crypto wallet is a service for storing assets. They are based on blockchains. As already noted, today there are two types of crypto wallets - cold (working offline) and hot (online wallets).

Cold wallets should not be chosen by active cryptocurrency users. True, such a wallet is much better protected than a hot one. A cold wallet can be compared to a small device - a USB flash drive that stores information about a cryptocurrency.

With the help of a hot wallet, you can make any payment, respectively, there is quick access to it. Such crypto wallets are divided into several types.

1. Mobile. Available to owners of smartphones and tablets.
2. Online. Access opens when registering an account on an exchange, a special website or an Internet platform.
3. Desktop. Available to PC users. These crypto wallets are the most affordable.
4. Paper. Access is opened using a printed QR code on paper. There are two such codes - for receiving cryptocurrency and for transferring it. Codes are generated by a special service.

For the correct choice of a crypto wallet, you need to clearly understand which cryptocurrency will be stored on it, and for what purposes it will be used, as well as how often. Most services can store a small amount of coins. But there are also multicurrency ones. Usually, the developers of a particular currency recommend the wallets where it can be stored. V Systems cryptocurrency was no exception. The developers offer storing coins on cold and hot wallets specially created for these purposes. But at the same time there is an opportunity to use other storages.

Issue V Systems

V Systems cryptocurrency is not the last in the rating, it is developing and showing good hopes. This ensured its active emission, which continues to this day and is provided for in the development project from the creators themselves. Since the launch of the V Systems mainnet, about 5,142,858,000 coins have already been generated. V Systems emissions provide for a gradual annual reduction. The pressing question that interests many miners is how many V Systems are there in total? It is not possible to calculate the exact amount, because generation is an endless process. According to the latest data, the number of VSYS tokens exceeded 3.5 billion.

What is provided by V Systems

V Systems is the newest project powered by blockchain database. Its goal is to create a new era in the digital economy. The goal of the project is to create an effective infrastructure to support the cryptoeconomic future. To achieve this goal, V Systems continues to work to create a scalable and stable consensus capable of fully supporting the natural ecosystem of blockchains, which is based on the subsequent evolution of PoS.

Developers strive with all their might to bring their ideas and ideas to life. Provide development and implementation of blockchain databases, as well as special tools for cloud computing. This allows blockchains to operate quickly and easily.

Often, this cryptocurrency is compared with Bitcoin, and this is quite justified, because it was he who was the primary source on the basis of which such systems and other cryptocurrencies were developed. However, Bitcoin is an outdated system , and its blockchain is absolutely not designed to store data. In general, experts do not recommend storing data on the Bitcoin blockchain. Moreover, it is complex and expensive. According to many, blockchain technology should be considered as a distributed database system. This would mean that such systems could store a lot of data from all over the world. But only if such databases are relational and cloud-based. The developers are researching this aspect of blockchain technology. And they are already demonstrating that blockchains can be a very competitive choice for data that needs to be stored in new databases.

V Systems is an effective crypto platform that ensures the decentralization of the data bank. It is designed as an infrastructure that is considered fundamental to the industrial blockchain and, moreover, is so. With its help, you can achieve practical and sufficiently reliable solutions for any scenarios of development of industrial applications. Here, the highest level of parallelism, huge volumes and, of course, complete information security have been skillfully combined into a single whole.

The object data model is implemented on the V Systems platform. With its help, it is possible to maintain the most complex and more practical blockchain applications. The latter, by the way, have high requirements. Since the end of last year, users have access to features such as the mainnet and supernodes within the system. The project has fully proved that it is stable, and based on it, the processing of any transaction takes a second.

Thanks to the developed and implemented SPoS, many disadvantages of PoS have been eliminated. The performance and stability of the system is ensured by the use of the latest developments in fixed block algorithms. From a management perspective, it can be argued that coin holders have the opportunity to take part in minting as a way to manage the ecosystem, and, moreover, to receive good rewards for this. As a reminder, minting is a process during which new blocks are created in blockchains. Its basis is confirmation of a part of ownership with a further probability of receiving rewards in the form of new units and fees from commissions. The negotiation mechanism - SPoS - has such characteristics.

1. The latest generation of PoS algorithms focused on efficient performance.
2. Minting is available to everyone, and you can start it at any time. Free entry / exit provided. There are no minimum bid requirements. No specific IT knowledge is required. You dont have to create a supernode.
3. For complete safety and for the purpose of fair minting, the Minting Average Balance (MAB) algorithms are used.

The future of V Systems

V Systems is an up-and-coming digital currency that many digital economy experts have staked on. Blockchains are actively developing, and confirmation of this is the Roadmap presented by developers who follow its points impeccably. The map for 2020, inclusive, looks like this.

1. The project was discussed and the results were published on a special website.
2. SPoS announced. The mainnet, supernode and V Systems crypto wallet are launched. The number of partners is expanding.
3. New-level smart contracts are launched. New blockchain bases and mobile Internet are being developed, which will be completely decentralized.
4. The base will be completely updated, the platform will grow rapidly.

As you can see, the developers have really ambitious plans, and so far they have not deviated a step from the developed and presented Roadmap. This gives every reason to believe that soon the project will become even larger and will bring really grandiose income to coin holders. This is a qualitatively new level of development of the cryptocurrency market in particular and the digital economy in general. The developers have put a lot on the implementation of the plans, so they have no margin for error.

What does current research say? The obvious fact remains that the prices of the VSYS cryptocurrency are still very unstable and constantly changing. But progress is obvious: first, there is a rise of 15%, soon - a fall of 5%, then - a rise of 10%, a very slight fall. This indicates the attempts of cryptocurrency to gain a foothold in the global cryptocurrency market. And the dynamics are quite positive. Trading volumes for quite a long time are kept at impressive indicators - more than 20 million per day. It is impossible to guess with an accurate probability what awaits the next cryptocurrency, including with V Systems. Even experienced experts cannot do this. But one fact remains undeniable. Tokens are developed on the latest platform, innovative developments are introduced here that are important for the entire cyber economy. And this platform undoubtedly provides development tools to other platforms. All this automatically translates V Systems into the category of not only interesting, but also very useful projects for the majority of crypto specialists. This gives every reason to make positive predictions about the future development of the token in the global cryptocurrency market. Whether this will actually be so, only time will tell. In the near future the participation of V Systems will be completely predetermined.

In general, the reviews of the holders and specialists of this currency claim that it is competitive, simple and convenient. The popularity of V Systems is growing every day, and analysts are optimistic about the process of its mining, leasing, believing that these areas will develop rapidly. Many claim that the virtual currency will grow at a rapid pace, and this process will continue for the next few months. Others make longer predictions and say that V Systems will generate excellent returns for investors over the next few years.