VSYS is the cryptocurrency on the VSYSTEMS blockchain. Following the launch of the mainnet for VSYSTEMS in September 2018, VSYS will be used to pay transaction fees, supernode functions, leasing, and minting. VSYS will also be utilized to access applications built on the VSYSTEMS network, such as smart contracts, DApps, and resource usage fees for projects constructed for the VSYSTEMS centralized database cloud.

VSYS stands for VSYSTEMS, aiming to create a new era of digital economy. The project introduces the worlds first object-oriented, universal-level blockchain distributed database cloud, capable of supporting complex decentralized applications.

The VSYSTEMS public chain was created by SunnyKing, the father of PoS consensus, who is known alongside Vitalik Buterin (Vitalik) and Daniel Larimer (BM) as one of the three major gurus in the blockchain space.

VSystems is a blockchain cloud project designed to create a new age of digital economy, offering the globes first project-centric universal distributed database.

VSystems provides multiple platforms for developers to deploy and maintain complex DApps. The platform supports various consensus algorithms, offers an excellent user experience, and significantly lowers the barrier to entry for blockchain development and experimentation. VSYS is the cryptocurrency on the VSYSTEMS blockchain, used for transaction fees, supernode functionalities, leasing, dividends, and resource usage for projects on the VSYSTEMS decentralized database cloud.

VSYS Supernode Proof of Stake

Supernode Proof of Stake (SPoS), a consensus mechanism pioneered by Sunny King, is the underlying consensus of the v.systems blockchain.

VSYS Supernodes

Supernodes represent VSYS coin holders in block production and minting new VSYS coins, contributing to the realization of a truly scalable and stable blockchain virtual economy envisioned by v.systems.

Supernodes earn rewards through block production, benefiting VSYS coin holders, thus acting as a minting pool within the minting economy. They help maintain high efficiency on the v.systems blockchain and provide a stable network for sustainable development.

How to Become a Supernode?

You can obtain supernode minting rights by challenging existing supernodes. After paying the challenge application fee, you can challenge supernodes with fewer stakes than your node. Upon receiving the challenge request, the SPoS protocol automatically compares the candidate nodes Minimum Average Balance (MAB) with the targeted supernode to determine the winner. The winning node becomes a supernode in the ecosystem. Gaining support from other coin holders in the network is beneficial as it aids in securing a supernode position. Join us as a supernode candidate. Typically, becoming a supernode requires providing sufficient server support, a reasonable commission ratio, a decent reward distribution plan, and reliable contributions to the entire ecosystem.

Related Information:

VSYS Project Weekly Report
https://medium.com/vsystems