I am proud to introduce V SYSTEMS, a project aiming to bring the Virtual Economy Era one step closer.
During the development last year, the team worked hard to develop a new blockchain model based on the Supernode Proof of Stake Consensus system. Now we want to make sure that we have the necessary corporate structures in place to take the project to the next level. V SYSTEMS will allow us to achieve the next stage of our vision.
I would also like to take this opportunity to say a big thank you to the project team for their dedication and commitment. The team has made huge strides toward making our vision a reality. There will be more detailed development updates coming from the V SYSTEMS team, but today I want to highlight some of the progress:
- The new Supernode Proof of Stake Consensus (SPOS) is more resistant to 51% attack than Proof of Work Consensus (POW).
- A flexible smart contract system is under development that will allow support for different languages.
- Database functionality is being developed in stages with close integration with smart contract system in mind.
From today, the team will be updating the community on the progress of project V SYSTEMS. While the company may be new, our vision and mission remain the same. We want to solve the scalability and cost issues that are holding back the true potential of blockchain technology. Through our efforts we are laying the foundations for a future where blockchain databases provide the fundamental infrastructure running businesses, economies and perhaps society itself. Today we make an important step toward accomplishing such a vision.
Cheers!
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