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V Systems Price

(VSYS)

$0.0002489
0.00%(5m)

1m5m15m1h8h1d1W
V Systems (VSYS) Live Price Chart

    V Systems Live Price Data

    The live price of V Systems is 0.0002489, with a total trading volume of 582387324 in the last 24 hours. The price of V Systems changed by +0.97% in the past day, and its value has increased by +4.09% over the last week. With a circulating supply of 3.74B VSYS, the market cap of V Systems is currently 928806.81845598167561929200 , marking a +0.97% increase today. V Systems currently ranks #1930 in market cap.

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    Note: This data is for reference only.
    pk

    VSYS(VSYS) Profile

    altRank1930
    rate--
    Expand
    $0.0002457
    $0.0002502

    ATH
    $0.2975423
    Price Change (1h)
    +0.04%
    Price Change (24h)
    +0.97%
    Price Change (7d)
    +4.09%
    Market Cap
    24h Volume
    Circulating Supply
    3.74B
    Max Supply
    --

    About V Systems

    • What Is V Systems (VSYS) Crypto?

      V Systems is a blockchain-powered decentralized cloud platform for developers and businesses to build and deploy decentralized applications (dApps). The blockchain network is designed to support highly decentralized, scalable dApps and can support a virtually limitless number of blockchains in its ecosystem.

      The open-source network offers a convenient platform for efficiently developing real-world, agile dApps. It leverages a set of composable “no code” smart contracts spanning a multitude of real-world use cases.

      The blockchain’s developers constantly introduce new smart contracts for additional business use cases. This makes the VSYS blockchain extremely capable of mainstream use by businesses, organizations, and entrepreneurs looking to adopt blockchain-based applications.

      VSYS is the native token of the V Systems blockchain. It is used for paying transaction fees, executing smart contracts, staking, and governance via its SPoS (Supernode Proof of Stake) consensus mechanism.

    • How Does V Systems Blockchain Work?

      The V Systems blockchain uses the Supernode Proof of Stake (SPoS) consensus mechanism, where nodes are selected to verify transactions based on their stake in the network. The distributed consensus algorithm tackles the blockchain trilemma by offering higher scalability, efficiency, and resilience levels against 51% attacks.

      The SPoS algorithm selects a set of nodes known as Supernodes to validate transactions and secure the network. These Supernodes are responsible for verifying transactions, producing blocks, and maintaining the integrity of the blockchain.

      The choice of SPoS consensus makes the V Systems network faster in processing transactions and producing new blocks when compared to PoW or PoS blockchains. VSYS token holders can become Supernodes by staking their coins, and these Supernodes are responsible for validating transactions and maintaining the integrity of the blockchain network.

      V Systems supports using privileged key pairs known as "administrators,” which can be designated to breach service agreements as violators, instructing nodes to ignore data associated with those keys. These administrators can designate other key pairs that breach service agreements as violators and instruct nodes to ignore the data related to those keys, effectively working to prevent malicious activity on the network. These key pairs can be part of the client software and are used to manage certain aspects of the blockchain network.

    • History of V Systems and VSYS Coin

      The V Systems blockchain was founded in 2018 by Sunny King - the pseudonymous creator of the Proof of Stake (PoS) consensus mechanism. King has also been actively involved in developing several other blockchain projects, most notably, PeerCoin and PrimeCoin.

      The V Systems meinnet launch took place in November 2018, along with the launch of its wallet and 15 Supernodes. Its development team completed roadshows in 9 cities globally as part of the blockchain’s launch in 2018.

      The VSYS Launchpad was launched in March 2019 in collaboration with ZB, ZBG, and BW. More than 300,000 users participated in the launch event at the time.

      The first set of smart contracts on the V Systems network was also launched in 2019. Dr. Alex Yang served as the CEO of V Systems until April 2022, when Goh Yuen Khai took over this position. In October 2019, the blockchain partnered with CertiK to improve blockchain security.

      VSYS v0.3.1, the Fermat Mainnet, went live in June 2020, followed by smart contract functionality on the network in July. The third phase of smart contracts would equip the V Systems blockchain with several innovations catering to decentralized finance (DeFI), including Atomic Swap, V Swap, V Option, V Stable Swap, and V Escrow.

    FAQ

    • How much is 1 V Systems (VSYS) worth?

    • Is V Systems a Good Investment?

    • What Is the V Systems Crypto Price Prediction?

    • How to Use VSYS Token

    • How to Stake VSYS on V Systems Network

    • Who Are V Systems’ Partners?

    • What is the all-time high price of V Systems (VSYS)?

    • What is the all-time low price of V Systems (VSYS)?

    • How much V Systems (VSYS) is there in circulation?

    • How do I store V Systems (VSYS)?