Weekly Report 2019 November #1

In this weekly report (1st Week of November 2019): V SYSTEMS has partnered with CertiK, a leading blockchain auditing firm, to foster a more secure blockchain ecosystem. The CoinMarketCap Global Conference is coming in less than 10 days, please sign up now! An exclusive interview with our Chief Architect Sunny King is out! Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

VSYS smart contracts currently supported on the VSYS blockchain allow users to easily create their own tokens, and token transactions are validated on the underlying blockchain. The usages of the tokens can be defined by the creator of the tokens whether it be a form of financial instrument, electronic money, or token of utility. The tokens support some basic functions such as issuing, sending and destroying, some advanced features such as the split/reverse functions are also made available. These functions are analogous to the stock split in the financial world.

Other functions for smart contracts are currently under design process, once features have been confirmed, they will be developed for the testing stage.

An event trigger feature is being developed, users will be able to set Event rules on nodes and listen to event changes. Rules can be customised and actions can be taken according to any events, such as changes in minting status, or balance of a node/account.

Utils Development

The V-Cloud Token service is currently in development, providing organisations with an extremely easy way of integrating with the VSYS Blockchain. Token issuers who wish to quickly and easily set up a token with pre-built applications can do so using this service.

Python SDK has been updated to support smart contracts.

Web hot wallet has been refactored to improve the SDK’s logic, the new hot wallet has been released for the testnet.

Trezor wallet app is currently being developed.

A tool for easy smart contract deployment is currently being developed for public usage.

2. Global Community Updates

Partnership with CertiK

V SYSTEMS is pleased to announce our new partnership with CertiK, one of the leading blockchain auditing firms with a patented technique to automate Formal Verification for smart contracts. The collaboration will help foster a more secure blockchain ecosystem and ensure our smart contracts or projects are resistant to breaches and hacks. Click through and learn more.

Smart Contract Audit by CertiK

According to Certik smart contract auditing report, VSYSTEMS has exhibited some good source code. In general, the design of the smart contracts is structurally solid compared to other anti-patterns or security issues. Please click through to learn more.

Exclusive Interview with Sunny King

Our Chief Architect Sunny King was interviewed by Crypto Beast, a blockchain and cryptocurrency YouTuber. Please watch the video below to learn more about Proof of Stake and us.

CoinMarketCap Global Conference 2019

Our CEO, Alex Yang will be speaking at ‘The Capital’ by CoinMarketCap on November 12–13 in Singapore. Please come join us. Click through to get more event details.

The Capital Warm-up Party

The CoinMarketCap Global Conference on November 12–13 is coming soon!To get everyone ready for the conference, V SYSTEMS will co-host a Warm-up Party with OceanEx, Vechain, Crypto.com and CoinMarketCap on 11th November 2019, 6pm — 10pm. Please come join us at Smoke & Mirrors and meet our team. Tickets are limited, sign up now!

3. Market OverviewMarket Cap

VSYS is now ranked at #46 on CoinMarketCap, with a market cap of over US$121 million.

Screenshot from CoinMarketCap on 01 Nov 2019

Staking Rewards

This week, VSYS has remained at #8 on stakingrewards.com, with an overall StakingRewards Score of 88%. V SYSTEMS has maintained a healthy staking environment for all token user. With VSYS coins, you can easily enjoy the rewards from staking with just a few clicks. Take action now!