VSYS is a cryptocurrency on the VSYSTEMS blockchain. With the launch of the VSYSTEMS mainnet in September 2018, VSYS will be used to pay transaction fees, supernode functions, 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 aims 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 the PoS consensus. SunnyKing and V God BM are known as the three 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 reduces the entry threshold for blockchain development and experimentation. VSYS is an encrypted currency on the VSYSTEMS blockchain, which is used to pay transaction fees, super node functions, leasing, dividends, and project resources of the VSYSTEMS decentralized database cloud.

VSYS Supernode Proof of Equity

The Supernode Proof of Stake (SPoS) consensus mechanism is a new innovation of Sunny King, and it is the underlying consensus of the v.systems blockchain.

VSYS super node

Super nodes produce blocks and mint new VSYS coins on behalf of VSYS coin holders, and help promote the truly scalable and stable blockchain virtual economy envisioned by v.systems.

Supernodes earn rewards 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?

By challenging the existing super nodes, you can get the right to cast super nodes. After paying the challenge application fee, you can challenge supernodes with fewer stakes than your own. 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 the support of other coin holders in the network is beneficial as it helps to gain supernode positions. Join us as a super node candidate Super nodes usually need to provide sufficient server support, affordable commission ratio, decent reward distribution plan and reliable contribution to the entire ecosystem.

Related information:

VSYS project weekly report
https://medium.com/vsystems