What is V.SYSTEMS?

Symbol: VSYS · Market cap rank: #3114

Short answer

V.SYSTEMS (VSYS) is a cryptocurrency currently ranked #3114 by market capitalisation. It is classified as L1.

Source: isthiscoinascam.com

Overview

V.SYSTEMS is a blockchain infrastructure provider that specializes in database and cloud services. It employs the Supernode Proof-of-Stake (SPoS) consensus algorithm, where supernodes are elected in a decentralized manner based on Proof-of-Stake principles. The native currency, VSYS, is utilized for transactions, staking, and minting within the network.

Founded with Sunny King as the lead architect, V.SYSTEMS focuses on creating decentralized cloud database technology that offers scalability, durability, and performance. The SPoS consensus is designed to provide high resistance to 51% attacks. The network's architecture supports modular systems, enabling the development of various applications across sectors like finance, entertainment, and social networking.

Launched: 2018

Headquarters: Hong Kong

Scam-risk analysis

V.SYSTEMS has a low score, indicating elevated scam risk based on the available data. Is V.SYSTEMS a scam?

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