THELOGICALINDIAN - A consummate achievement
Coinmarketcap assemblage may accept noticed a newcomer in the top 30 account recently. V-Systems, the latest activity by Sunny King, has risen to a cap of over $400 million.
V Systems (VSYS) is currently sitting at 28th atom by bazaar capitalization, afterwards ascent eightfold back March. That’s an absorbing accretion for a activity that alone launched backward aftermost year.
But it additionally has the abetment of one of crypto’s best acclaimed abstracts and the artist of the Proof of Stake (PoS) accord mechanism. That ability not be abundant to succeed, but it’s absolutely abundant to bolt our attention.
All V Systems Are Go
V Systems makes no abstruse about what the activity is all about. The “Blockchain Database Cloud by Sunny King, Creator of PoS” wants to “re-architect blockchain and de-centralize” finance. As declared on its website:
“V SYSTEMS (also accepted as VSYS) is a blockchain database billow activity that aims to actualize a defended basal basement belvedere for blockchain database. The activity will bear decentralized billow database technology to backpack out circuitous decentralized applications and abutment the operation of trillions of blockchains effectively, with aerial scalability, backbone and performance.”
According to their promotional video, V Systems intends to advice enterprises with “leveraging blockchain and scalability,” which it calls two challenges captivation aback the deployment of DLT in industry. Their ambition is to “re-architect the blockchain and authorize the agenda abridgement era.”
The blockchain database and decentralized app belvedere uses “Supernode Proof of Stake” (SPOS) as its accord mechanism. Their admirers appears to be the accumulated world: the V Systems angle is abundant on acceptance companies to arrange the advantages of decentralized abstracts systems after the cephalalgia of “difficult coding issues.”
The Legend of Sunny King
The Peercoin and Primecoin developer was already hailed by Vitalik Buterin as “the distinct best aboriginal altcoin developer out there.” King says that blockchain technology was not advised to be fast or scalable. His aim has continued been to about-face this and accomplish the technology cheap, accessible, scalable, and user-friendly. After a year-long hiatus, he alternate to the area to advice begin V Systems.
His newest adventure wants to accompany blockchain technology to enterprises through customizability, acceptance users to arrange what they charge to deploy, after accepting to admission or accord with unnecessary functionality.
Realistically, the accent isn’t awfully antithetical to that of EOS or Ethereum. Much like added platforms, the decentralized belvedere can be acclimated to run altered apps after the transaction bottlenecks or ecology costs of mining. Unlike best dPOS systems, the cardinal of supernodes is accepted to abound with the admeasurement of the platform.
Supernode PoS doesn’t sound awfully altered from the DPoS apparatus that EOS and TRON utilize. Whether they’re alleged delegates, supernodes, or cool representatives, anniversary of these projects allows users with a ample pale in the arrangement to run nodes and accumulate the blockchain buzzing.
But Sunny King lends believability to the V Systems activity that agency it could actualize a accepted claiming to aggressive platforms. For a activity that is almost six months old, Coinmarketcap has it already punching above its weight.
