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v.systems VSYS#undefined

$0.032
-1.98% (-$0.001, 24H)
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  • Market Cap$72,696,884
  • Volume (24H)$2,120,795
  • Circulating Supply2,272,714,759
  • Max Supply
  • High (24H)$0.034
  • Low (24H)$0.031
  • Change (1H)-0.34%
  • Change (7D)-17%
  • Change (1M)-35%
  • Change (1Y)34.14%

A provider of blockchain infrastructures conceived in 2016, v.systems (VSYS) focuses on database and cloud services. Working on a Supernode Proof-of-stake protocol developed by its Chief Architect Sunny King, v.system’s blocks are generated by Supernodes elected in a decentralised network. Users lease the platform’s native currency VSYS to the nodes for rewards, which they can spend on blockchain transactions as well as staking and minting within the network. The Supernode model aims to deliver scalability by accommodating a growing number of Supernodes for faster block times. Moreover, v.systems can tolerate malicious users because of its consensus system, which claims to be ‘practically resistant to 51% attack’. Current capabilities include high-performance minting and transaction processing as well as smart contract functionality. In future, the network’s modularity will allow it to support development of numerous applications including social networking and entertainment systems.

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