POS and POW are twins and they are indispensable. In 2024, five years later, Bitcoin is likely to reach $50,000. On July 10th, at the StakingCon, the Staking Eco Conference hosted by Odaily Planet Daily and BlockBeats, the team of PoS's father, Sunny King, was the first team member of the VSYS blockchain database platform to make its debut in China.
VSYS North American team developer Rob believes that according to the Staked data, the current market value of the PoS project accounts for less than 20% of the total cryptocurrency market value, but after five years, the total market value may exceed Bitcoin, subverting the historical curve of BTC Dominance and becoming the industry white swan. .
It is reported that the architect of VSYS is the inventor of the entire PoS and the god of creation, Sunny King.
In Coinmarketcap's global authoritative market capitalization ranking, VSYS ranks the world's top 36
Sunny King’s previous dot and prime coins ranked the top in the world for Top3 and Top6.
Rob introduced the project, VSYS is a blockchain object-oriented database platform created by Sunny King, the father of PoS.
In the case of object-oriented blockchain databases, examples of massive use of blockchain data include finance, games, advertising, and social networking. An easy-to-deploy application-specific sidechain will allow the network to support multiple types of high volume applications.
In terms of cloud and modular operability and deployment, mainly including non-turing complete smart contracts, less functionality means faster and safer contract development, the main features: modular, combinable, and configurable. Developers will be able to focus entirely on business logic rather than blockchain development.
In terms of economic stability, not only has all transaction costs been destroyed, but also a fixed amount of annual bonuses has been set to balance the impact of additional issuance on the stability of the virtual economy. Even after the blockchain is fully developed, VSYS will have deflation. Case.
According to Rob, V SYSTEMS is based on the pure next-generation consensus mechanism SPOS created by Sunny King. It continues the PoS original Stake as Power, which is the super-node blockchain that is truly the owner of the currency. The holder does not need IT knowledge background, no need to build nodes. You can mine coins without having to lock the position.
According to public information, VSYS is currently ranked 34th in Coinmarketcap worldwide, and ranked 5th in Coinbase's global Staking market value. Since the launch of Bitfinex in January this year, the yield has been 7 times. In the early April ZB, ZBG, BW and LaunchPad, VSYS coins attracted more than 300,000 exchange KYC users to participate. The number of single-hour trading volume on the day of the launch broke 100 million RMB, and the number of miners in the world was tens of thousands.
According to Rob, some recent developments of VSYS coins are: the team is developing the miners community in the Korean market. It has been reported by major TV stations and economic daily newspapers and digital currency network Red Channel. Smart contracts are being tested before the launch, ecological projects. It is preparing for simultaneous winding, including several unicorn projects that go beyond the total DeFi ecological value of Ethereum and EOS.
According to the public information, the super node of VSYS has access to multiple exchanges such as ZB and Huojing mining pool. At present, VSYS has been put on more than ten mainstream exchanges such as Bitfinex, ZB and Kucoin.
We found on the world's most famous Staking rating website Stakingrewards.com that VSYS is rated as the world's seven largest Staking coins, the price stability is extremely high, mining is extremely simple, and the income is extremely high. The remaining seven coins scored by Stakingrewards.com are EOS, Tezos, Cosmos, etc.
The following is the full text of Rob.
Rob: Today, as a member of VSYS, I will share our products here. Our product is the VSYS blockchain. This platform is applicable, there are many applications, and there is a design of the SPoS architecture.
So we have such a good team to work together to make these products. In September of last year, you can see the application launch of this database. In these new consensus, we have designed a new consensus and a super node. We can share this information later.
Here we focus on these four concepts, four high-stability PoS super nodes, multi-purpose blockchain database, cloud and modular ease of operation and deployment, and highly sustainable VSYS Token.
The first is a highly stable PoS supernode. The second is a multi-purpose blockchain database. The third is cloud and modular ease of operation. The last one is about our token VSYS. We also know that any blockchain has its own currency, this is our architecture, we all know what PoS is. In 2012, when we invented this new concept, we only thought of two reasons. The first reason was to reduce energy consumption. The second one we wanted to give these communities some rights, we all Knowing POW, he did not empower the community, which is the main reason for the POW design.
As we look up at the stars, watching the butterfly nebula is beautiful, and one butterfly wing is not beautiful. In our blockchain industry, we are the two wings of a butterfly. We believe that POS and POW are twins. We think that diversity is very important.
Our consideration for smart contracts is this, we are a gradual direction and must be managed effectively. ERC20 lacks management, so we have optimized management and we have to do it under your management, and we can all do this. This is what we really want to do.
At present, we see, for example, we should focus on decentralized applications. We call this DAPP. We think this is a possible thing. We hope that everyone will call MAPP (ie Money App, which is DeFi) because we will be there later. It will be said that the future era is a mobile era, including our wallet and application, all based on your mobile phone. The desktop computer we are looking for is hard to make a big difference.
Supernode is designed by us in May last year. It was implemented in June. It has three major advantages. The performance of our current test, our TPS we set it to 25, and the cost is very low. For the entry of the threshold, we are an open state. We talk about SpoS, which is to simplify finance.
We will emphasize one word from now on, that is, governance. In actual deployment, we believe that we must add a role of governance. We must strengthen the power of the community.
SPoS Economy Model This is one of our models. This is a list of our super nodes, and we see here that the Firecoin Pool is also running our VSYS. This is the project that Sunny led us invented in 2013. It became the super node of VSYS last month. At present, VPower is the best, this is the top ten.
I am going to talk about the future. We see this is what I saw yesterday. The total market value of Bitcoin was 219 billion US dollars yesterday, less than one-third of the market value of Microsoft. Everyone looks at this, this is our current situation is very cruel, we believe that the weight will change after five years, I only look at Bitcoin here, we think that in 2024 there may be bitcoin to 50,000 US dollars, the concept of 50,000 US dollars is not their own The increase in the currency, but the large capital of large companies entering the digital currency, the stability of bitcoin stability and liquidity. His weight will lead to a wider application, so this is 2024, we look at the future and our speed should be faster.
Thank you very much for being able to do something, thank you!