The document outlines a presentation about V SYSTEMS, a blockchain platform developed by Sunny King. It introduces V SYSTEMS' technology including Supernode Proof-of-Stake consensus and a modular cloud design. The presentation discusses V SYSTEMS' ecosystem, roadmap, and goals of building applications for finance, games, social networks and more using a high-performance blockchain database. It also provides updates on the VSYS coin and discussions to list it on exchanges.
1) V SYSTEMS offers a blockchain database cloud platform that uses a new Supernode Proof-of-Stake (SPoS) consensus algorithm to achieve high scalability.
2) The platform was created by Sunny King, inventor of Proof-of-Stake (PoS), and aims to support billions of blockchain services through a modular design.
3) Key features include a general purpose decentralized database, non-Turing complete smart contracts for faster development, and cloud infrastructure for easy deployment of application-specific sidechains.
V SYSTEMS is a blockchain project that uses a customized version of Proof-of-Stake called SPoS, developed by its founder Sunny King, to achieve consensus on the network. SPoS aims to address issues around centralization of power that can occur with standard PoS protocols. V SYSTEMS has developed its own programming language for decentralized applications and aims to expand its offerings in 2019-2020.
The document discusses the goals and plans of the V SYSTEMS blockchain project, including:
1) Creating a cloud computing platform that allows efficient creation of new blockchains and lowers costs for developers.
2) Enabling decentralized interactions between blockchains for massive scale beyond data storage.
3) Developing a diverse ecosystem with self-governance to support growth of the virtual economy.
1) The document discusses V SYSTEMS, a new blockchain database and apps platform that aims to address scalability issues with existing blockchain technologies and enable widespread blockchain adoption.
2) It proposes a new consensus mechanism called Supernode Proof-of-Stake (SPoS) and a mainchain-sidechain model to improve scalability.
3) The platform will provide tools for deploying blockchains, migrating databases, and developing smart contracts and decentralized apps.
The document discusses the goals and features of the V SYSTEMS blockchain project. It aims to create a cloud computing platform that allows efficient creation of new blockchains and lowers costs for developers. It also aims to enable decentralized interactions between blockchains at massive scale. The project plans to re-architect blockchain technology using a modular structure to simplify upgrades. It will provide a general-purpose blockchain database for developers to focus on business logic rather than data modeling. However, the document notes these are planned features subject to changes in technology and markets.
1. The document discusses the evolution of energy-free consensus mechanisms for blockchain, from Peercoin's proof-of-stake consensus to SPOS consensus with constant block minting.
2. It describes how Peercoin was the first to introduce proof-of-stake consensus without energy consumption, separating the energy component from consensus. However, criticisms of proof-of-stake include nothing-at-stake and stake grinding attacks.
3. More recently, there is a shift toward supernode proof-of-stake (SPOS) consensus with constant block minting intervals and other improvements to address scaling and decentralization.
V SYSTEMS - Smart Contract and Token System_ENV SYSTEMS
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1. The document discusses V SYSTEMS' plans to develop smart contract and database storage management functions on its blockchain. It will initially adopt a non-Turing complete smart contract language for security before moving to a Turing complete model.
2. The smart contract development will have three phases - initial token functions, trading/management, and performance optimization. The database storage management will provide secure storage and billing as initial steps.
3. V SYSTEMS aims to industrialize blockchain database functions by linking blockchain characteristics to general databases, avoiding issues with traditional centralized databases.
- Proof-of-Stake (PoS) is a consensus mechanism invented by Sunny King in 2012 that supports distributed consensus without massive energy consumption like Proof-of-Work.
- V SYSTEMS was created by Sunny King in 2016 to build on his PoS invention and solve blockchain scalability issues using a new consensus called Supernode Proof-of-Stake (SPoS).
- SPoS uses "supernodes" with specialized hardware to process transactions faster than one second, making V SYSTEMS highly scalable, stable, and secure compared to other blockchains.
V SYSTEMS is a blockchain database cloud project led by Sunny King, creator of Proof-of-Stake consensus. The project aims to create infrastructure to support millions of blockchains and a healthy ecosystem through its Supernode Proof of Stake algorithm. The mainnet has been operating stably since late 2018, processing transactions within one second. V SYSTEMS also offers a general purpose blockchain database and developing tools to make blockchain development easy.
The document discusses the goals and plans of the V SYSTEMS blockchain project, including:
1) Creating a cloud computing platform that allows efficient creation of new blockchains and lowers costs for developers.
2) Enabling decentralized interactions between blockchains for massive scale beyond data storage.
3) Developing a diverse ecosystem with self-governance to support growth of the virtual economy.
1) The document discusses V SYSTEMS, a new blockchain database and apps platform that aims to address scalability issues with existing blockchain technologies and enable widespread blockchain adoption.
2) It proposes a new consensus mechanism called Supernode Proof-of-Stake (SPoS) and a mainchain-sidechain model to improve scalability.
3) The platform will provide tools for deploying blockchains, migrating databases, and developing smart contracts and decentralized apps.
The document discusses the goals and features of the V SYSTEMS blockchain project. It aims to create a cloud computing platform that allows efficient creation of new blockchains and lowers costs for developers. It also aims to enable decentralized interactions between blockchains at massive scale. The project plans to re-architect blockchain technology using a modular structure to simplify upgrades. It will provide a general-purpose blockchain database for developers to focus on business logic rather than data modeling. However, the document notes these are planned features subject to changes in technology and markets.
1. The document discusses the evolution of energy-free consensus mechanisms for blockchain, from Peercoin's proof-of-stake consensus to SPOS consensus with constant block minting.
2. It describes how Peercoin was the first to introduce proof-of-stake consensus without energy consumption, separating the energy component from consensus. However, criticisms of proof-of-stake include nothing-at-stake and stake grinding attacks.
3. More recently, there is a shift toward supernode proof-of-stake (SPOS) consensus with constant block minting intervals and other improvements to address scaling and decentralization.
V SYSTEMS - Smart Contract and Token System_ENV SYSTEMS
?
1. The document discusses V SYSTEMS' plans to develop smart contract and database storage management functions on its blockchain. It will initially adopt a non-Turing complete smart contract language for security before moving to a Turing complete model.
2. The smart contract development will have three phases - initial token functions, trading/management, and performance optimization. The database storage management will provide secure storage and billing as initial steps.
3. V SYSTEMS aims to industrialize blockchain database functions by linking blockchain characteristics to general databases, avoiding issues with traditional centralized databases.
- Proof-of-Stake (PoS) is a consensus mechanism invented by Sunny King in 2012 that supports distributed consensus without massive energy consumption like Proof-of-Work.
- V SYSTEMS was created by Sunny King in 2016 to build on his PoS invention and solve blockchain scalability issues using a new consensus called Supernode Proof-of-Stake (SPoS).
- SPoS uses "supernodes" with specialized hardware to process transactions faster than one second, making V SYSTEMS highly scalable, stable, and secure compared to other blockchains.
V SYSTEMS is a blockchain database cloud project led by Sunny King, creator of Proof-of-Stake consensus. The project aims to create infrastructure to support millions of blockchains and a healthy ecosystem through its Supernode Proof of Stake algorithm. The mainnet has been operating stably since late 2018, processing transactions within one second. V SYSTEMS also offers a general purpose blockchain database and developing tools to make blockchain development easy.