VSYS-v.systems Introduction Details
VSYS is the cryptocurrency on the VSYSTEMS blockchain. With the launch of the VSYSTEMS mainnet in September 2018, VSYS will be used to pay transaction fees, supernode functionality, leasing and minting. VSYS will also be used to access applications built on the VSYSTEMS network, such as smart contracts, DApps, and resource usage fees for projects built for the VSYSTEMS centralized database cloud.
The full name of VSYS is VSYSTEMS, which is intended to create a new era of digital economy. The project will launch the world's first object-oriented general-purpose blockchain distributed database cloud, which can carry complex decentralized applications.
The VSYSTEMS public chain was created by SunnyKing, the father of PoS consensus, and SunnyKing and V-God BM are known as the three major leaders.
VSystems is a blockchain cloud project that aims to create a new era of digital economy, providing the world's first project-led general-purpose distributed database.
VSystems provides developers with multiple platforms to deploy and maintain complex DApps. The platform supports a variety of consensus algorithms, provides a high-quality user experience platform, and significantly lowers the entry threshold for blockchain development and experimentation. VSYS is the cryptocurrency on the VSYSTEMS blockchain, used to pay transaction fees, supernode functions, leasing, dividends, and project resources for the VSYSTEMS decentralized database cloud.
VSYS Supernode Proof of Stake
Supernode Proof of Stake (SPoS) consensus mechanism is a new innovation of Sunny King and the underlying consensus of the v.systems blockchain.
VSYS Supernodes
Supernodes represent VSYS coin holders for block generation and minting new VSYS coins, and help drive the true scalability and stability envisioned by v.systems blockchain virtual economy.
Supernodes are rewarded by producing blocks and benefit VSYS coin holders, thus becoming a minting pool in the minting economy. They help keep the v.systems blockchain efficient and provide a stable network for sustainable development.
How to become a super node?
You can get super node casting rights by challenging existing super nodes. After paying the challenge application fee, you can challenge a super node with less stake than your node. After the system receives the challenge application, the SPoS protocol will automatically compare the minimum average balance (MAB) of the candidate node with the target super node to determine who the winner is. The winning node will become the super node of the ecosystem. Gaining support from other coin holders in the network is beneficial as it helps to gain supernode positions. Joining us as a supernode candidate Supernode usually requires adequate server support, an affordable commission ratio, a decent reward distribution plan, and a solid contribution to the entire ecosystem.
