Weekly Report — 4th Week of May 2020

V Systems | 05.22| 18

Weekly Report — 4th Week of May 2020

In this weekly report (4th Week of May 2020): VSYS Fermat Contract supported version (0.3.0) is running in Testnet. Jacob Gadikian, Co-Founder of Tachyon Protocol was interviewed by On The Chain. According to Generation Crypto, VSYS is one of the top 10 projects by staking rewards using the data of Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

VSYS Fermat Contract supported version (0.3.0) is already running in Testnet. The Mainnet supported version will be released later after no issue found in Testnet testing.

The next VSYS version will include some vital updates to allow more applications to VSYS and its tokens. Extensions to the functionality of VSYS smart contracts will be made in the next release.

A key update will be the VSYS payment channel. This gives users the ability to create channels with others and utilise them to do instant transactions. These transactions can be done completely offline and do not require trust, so individuals can transfer funds to one another without the need to pay transaction fees. The funds can then be collected later once the amount has accumulated sufficiently. This opens up numerous possibilities for blockchain payments on VSYS, daily transactions, payments to service providers, community currency transactions, and many more applications.

Together with a non fungible contract feature, which contains a single undividable token. This contract’s purpose is to mimic the transfer of ownership of a physical asset. The ownership of the token can become the proof of ownership of an asset it represents, and will be impossible to dispute.

The lock contract feature allows users to store VSYS or its tokens within the contract and guarantee that the user cannot transfer these funds within a certain period of time. The locked funds will be verifiable, and can act as proof that the user will own this number of funds at the end of the time period.

Utility Development

V Web Wallet is developing new contract support. In the new version, users can deposit/withdraw tokens and v coins to/from the contract.

The V Cloud service is getting ready to release, providing organisations with an extremely easy way of integrating with the VSYS Blockchain. Blockchain users who wish to quickly and easily set up a blockchain system with pre-built applications can do so using this service.

In V Could development, the new platform related functions are under development. The new version of the origin platform is running on testnet.

More Node Monitor Tool is discussing and researching.After development is completed, they will open to public use in the future.

2. Introducing VSYS 2.0: Fermat Smart Contracts

In just one year, V Systems is even more scalable. We will be announcing our new Fermat Smart Contracts that accomplish substantial upgrades coming to the V Systems blockchain. Stay tuned!

VSYS 2.0 is coming: Introducing Fermat Smart Contracts

3. Global Community Updates

On The Chain Interviewed Tachyon Protocol

Jacob Gadikian, Co-Founder of Tachyon Protocol was interviewed by On The Chain last week. Please watch the video below for more information.

Top 10 Staking Coins on Staking Rewards

According to Generation Crypto, VSYS is one of the top 10 projects by staking rewards using the data of

4. Market Overview

Market Cap

VSYS is now ranked at #102 on CoinMarketCap, with a market cap of over US$45 million.

Screenshot from CoinMarketCap on 22 May 2020

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 66.34% on We promise to maintain a healthy staking environment for all token users. With VSYS coins, you can easily enjoy the rewards from staking with just a few clicks. Take action now!

Screenshot from on 22 May 2020

Stay Connected

Remember to follow us on the platforms below to stay up-to-date with our latest updates and announcements.

Official Forum:

Other Useful Links

VSYS Official Website:
Supernode Ranklist:
VSYS Blockchain Explorer:

Weekly Report — 4th Week of May 2020 was originally published in on Medium, where people are continuing the conversation by highlighting and responding to this story.

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