2. Re-Architect
Blockchain
Proof-of-Stake, also known as PoS, is
the consensus invented by Sunny King
in 2012, which supports distributed
consensus without the need of
massive energy consumption.
PoS is the major trend of global digital
currency in 2019. According to the
data released by the staked.us, the
total value of global staking economy
will reach 25 billion US dollars by year
end of 2019, representing for 1/4 of
the market cap of Bitcoin.
What is PoS?
2
3. Re-Architect
Blockchain
3
V SYSTEMS by creator of PoS
In 2016, Sunny King, inventor of the PoS
consensus, started a project called V SYSTEMS
(ticker:VSYS). The project brings in expertise from
the world's top database scientists and
mathematicians with a mission to use consensus
algorithm innovation and distributed database cloud
platform to solve one of the core problems in the
development of blockchain industry: scalability,
stability and easy to develop.
Through the evolution of PoS, the V SYSTEMS team
has created Supernode Proof-of-Stake (SPoS). This
new consensus mechanism is based on supernode
hardware construction. Every transaction on V
SYSTEMS main net is now completed within one
second.
The performance data of V SYSTEMS main net
proves that it is the blockchain of fast, stable,
secure and almost immune to 51% attack, the next
generation blockchain infrastructure.
Another revolutionary idea of V SYSTEMS is to build
the world's first general purpose decentralized
database with objective data type, which has the
ability to support high-concurrency and efficient
indexing functions to unleash the full potential of
decentralized applications in daily data processing.
Furthermore, V SYSTEMS will build a flexible
modular development cloud platform to allow the
creation of simple, swift yet secured blockchain
development platforms.
V SYSTEMS has also innovatively adopted the
mechanism of transaction cost destruction and
annual fixed inflation rate to build a sustainable
economic model.
V SYSTEMS' main net has been launched on
November 27th, 2018. The team is releasing data
oriented smart contract, multi level side chain,
secure cross chain, ets on roadmap of 2019-2020.
5. Re-Architect
Blockchain
Supernode Proof-of-Stake (SPoS)
• Performance-oriented evolution
• Minting economy and self governance
• No barrier to participate in minting
Supernode PoS
for
High Scalability
o First pillar of V SYSTEMS
o Released SPoS in September 2018 and implemented as the basic layer for V SYSTEMS
o Key to building the next generation of blockchain
o Foundation of the infrastructure of self- governance blockchain
o Key features:
6. Re-Architect
Blockchain
SPoS offers incentives for supernode minters
to upgrade hardware and to continuously
improve their performance and support
large-scale minting.
SPoS consensus is Sunny King’s second game-changing innovation
Supernode Proof-of-Stake consensus (also known as SPoS) is the logical evolution to Proof-of-Stake consensus, which
was invented by Sunny King in 2013 and has since changed the blockchain industry. Sunny King released the SPoS
whitepaper in September 2018 and implemented it as the base layer for V SYSTEMS.
Supernode minters who produce blocks will receive
rewards by using VSYS coins leased by other holders
for minting. Interests will be repaid to said holders.
Equal minting right gives supernodes equal standing
and output, it solves the centralizing threat in Bitcoin
and other X-PoS ecosystems.
SPoS introduces a better way of measuring
account balances to solve contention attacks.
Users enjoy a high level of stake liquidity, and
they have a low barrier in participating in
minting while still being able to be benefited
from the security of the network.
Performance-oriented Evolution Minting Economy and Self Governance No Barrier to Participate in Minting
8. Re-Architect
Blockchain
8
Blockchain Database
for
Multiple Purposes
General Purpose Blockchain Database
o Bitcoin was designed as a virtual currency, and its blockchain was not designed with
the intention for data storage. The ledger intends for recording the ownership of
bitcoin. In fact, Bitcoin generally discourages the use of Bitcoin Blockchain for data
storage and its design makes it difficult and expensive.
o Blockchain technology, in general, should be viewed as a distributed database
system. This means, a significant portion of data in the world could probably be
stored in such systems, just like the traditional relational databases and the fairly
recent cloud databases. V SYSTEMS explores this aspect of blockchain technology,
demonstrating that blockchain could become a very competitive choice for future
databases.
o Decentralized database cloud on V SYSTEMS platform is designed as an industrial
blockchain fundamental infrastructure. It provides sound solutions to industrial
application scenarios including high concurrency, relation database, key-value pairs,
big volume, efficient indexing and data security. Object data model specifically
implemented in the V SYSTEMS platform enables V SYSTEMS to support more and
more complicated and practical blockchain applications which are in high demands
to database, such as finance and gaming.
10. Re-Architect
Blockchain
Cloud Development & Modular Design
o In order to foster the emergence of the digital economy era advocated by
V SYSTEMS, the V SYSTEMS platform is equipped with developer friendliness.
Through modular development functions and cloud platform tools, enterprise
developers can create blockchains without an in-depth study of coding, making
the migration to blockchain more accessible.
o The V SYSTEMS platform provides the toolkits needed to build blockchains for
applications. The blockchain template preparation allows the user to choose
from different protocol parameters and pluggable components such as
consensus models. Once the templates and options are set, the toolkit provided
by the V SYSTEMS platform may even deploy a brand new blockchain for the
application before the application's specific business logic is fully developed.
10
Cloud & Modular
for
Easy Deployment
12. Re-Architect
Blockchain
12
VSYS Coins
for
High Sustainability
Sustainable Virtual Economy
VSYS coin is the cryptocurrency on V SYSTEMS blockchain. Following the V SYSTEMS mainnet
launch in September 2018, VSYS coins will be used to pay for transaction fees, supernode
functions, leasing and minting. The VSYS coins will also be used for accessing applications built
on the V SYSTEMS network, such as smart contracts, DApps and pay for resources usage for
projects built on V SYSTEMS decentralized database cloud.
VSYS Coins
for
High Sustainability
Stable Economic Expansion
Around 5.5% of VSYS coins is
generated every year through
supernode coinage. The
economic expansion is more
predictable and more stable.
Green Digital Economy
Each year, the Supernodes mint
out approximately 238.824
million VSYS coins, the inflation
rate is getting lower and lower,
and the economic expansion is
more predictable and more
stable.
Balanced Economic System
Transaction fee destruction
mechanism defines that when the
total transaction cost of the system
is close to the economic expansion
rate, the entire economic system
will tend to balance. This makes
the economic system more
prosperous and stable.
14. Re-Architect
Blockchain
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Manage virtual assets
in virtual world.
Improve service
efficiency by enabling
financial service
providers to transact
instantly, directly, and
securely.
Keep digital assets
secure; prevent fraud;
and emphasize
anonymous private
property.
Blockchain Apps on V SYSTEMS
Finance
Games
Digital Assets
Games
Currency
Identity Management
Smart Contract
Finance
Digital Assets
Cross-chain
Education
Voting AA
AI
Digital Arts
15. Re-Architect
Blockchain
Roadmap
Discussed V SYSTEMS original idea and goals.
Posted “Excelsia Project” on Bitcointalk.org in october.
Finished the first version of V SYSTEMS technical whitepaper.
Finished our 9 cities global tech roadshow.
Announced our SPoS consensus.
V SYSTEMS mainnet and wallet goes live.
Supernodes operation goes live.
Expand ecosystem partners.
Next Generation Smart Contract Launch.
Blockchain database launch.
Cloud and Modular Design launch.
Decentralized Mobile Internet Launch.
Support enterprise level decentralized application.
Full update. V SYSTEMS platform
will grow beyond imagination.
V SYS coin lists on exchanges.
