What is V Systems? V Systems (VSYS) is a Blockchain platform that works as a decentralized and fast database cloud storage service. cryptocoin.com In this article, we have answered the questions that investors wonder, such as what V Systems is, what it offers, what is VSYS coin, what is it for, how to buy it. Let’s take a look at this highly decentralized Blockchain project together.
What is V Systems?
V Systems is a Blockchain powered database cloud platform. This platform has a native cryptocurrency called VSYS. The platform provides decentralized cloud storage for an almost unlimited number of Blockchains. It also allows its users to manage their data with high scalability and support. Launching its mainnet in 2018, the project came close to being one of the top 50 crypto projects in 2019. Behind its popularity at that time lies a number of features offered by the project.
Accordingly, the ecosystem solves many problems in the cloud field in a decentralized way. Data management comes first among these problems. Many projects in the blockchain space focus on either data or cloud storage. V Systems provides a number of benefits by combining data management with cloud services. The team realized that networks like Bitcoin are not functional in the data domain as they are not designed for data management. That’s why they built the V Systems platform, which encompasses both technologies.
What does V Systems offer?
Increasing the competitive advantages of Blockchain as a functional database management technology, V Systems aims to reduce the cost of implementation in general. Accordingly, the reasons for the existence of the platform are controversial. The project’s lead designer is Sunny King, the mastermind behind the Peercoin and Primecoin projects. According to its website, the project is working to make Blockchain rival standard databases. Accordingly, the main advantages of the platform include immutability, security and openness. Users gain access to a range of services such as data storage and data management with the platform.
What is VSYS? What does it do?
VSYS is the native cryptocurrency of the V Systems ecosystem. This altcoin works with the Supernode Proof-of-Stake consensus mechanism. Accordingly, users can earn passive income by staking VSYS coin. They can also earn by contributing to the network as a Supernode. However, VSYS also contributes to the network with a number of other use cases. Users can pay transaction fees with altcoins, run dApps with smart contracts, and access a decentralized database cloud service.
What is V Systems? How to get VSYS?
V Systems is currently traded on exchanges such as MEXC, OKX, KuCoin, and Huobi. Interested investors must be a member of one of these exchanges and follow the purchase steps for VSYS.