Weekly Report 2020 January #5

In this weekly report (5th Week of January 2020): V SYSTEMS introduced V-Cloud, a cloud-based blockchain management service to make building blockchain projects faster and easier. Tachyon IPX Bounty Campaign is ending tonight, please grasp the opportunity to earn more rewards! Please read the full report below.

1. VSYS Blockchain Development

Mainnet Development

VSYS smart contracts are currently being developed further to support more advanced functionalities. There are several specific functions being developed:

A deposit / withdraw feature is currently being developed for VSYS smart contracts, this feature will allow smart contract users to store assets (both VSYS and tokens) within smart contracts and withdraw it whenever they wish.

A lock contract feature based on the deposit / withdraw function is being developed, users will be able to store VSYS or tokens on these contracts and lock these assets for some period of time.

New Opcode for the smart contracts is being developed. These new features are based on the new deposit / withdraw feature and will enable a large number of new usages for smart contracts.

Utils Development

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

For V-Cloud details, please refer to
https://medium.com/vsystems/introducing-v-cloud-streamline-your-development-experience-with-cloud-based-blockchain-management-8204c3705853

V wallet is developing batch lease cancelling, users will be able to cancel leases in batches after this update.

Alias addresses feature is developed in V web wallet. Names can be given to certain addresses and saved locally in the wallet. This feature will be open in next release.

Integration with General Bytes (a cryptocurrency ATM) is currently in development.

2. Global Community Updates

Introducing V-Cloud: Cloud-Based Blockchain Management Services

The VSYS team has always been working hard on to reduce the entry barriers for developers to build their blockchain projects with V SYSTEMS. The newly introduced V-Cloud will radically simplify the developer experience with a set of pre-built services such as development and deployment server, token wallet and explorer. Please click through to learn more about V-Cloud.

Tachyon IPX Bounty Campaign

In celebration of the coming of 2020, the Tachyon team is giving away $13,000 IPX token to reward all the Tachyon supporters! The IPX Bounty Campaign will end tonight on 31st January 23:59 GMT+8. Please click through to learn about the campaign details.

VSYS was announced as the top 5 staking coins by EarnCryptoInterest

According to EarnCryptoInterest, VSYS is one of the top 5 staking coins with the best interest rate in return. V SYSTEMS provides a stable staking environment for all users to participate in VSYS staking and earn token rewards.

4. Market Overview

Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 64.07% on stakingrewards.com. V SYSTEMS promises 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 stakingrewards.com on 31 Jan 2020

Stay Connected

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

V SYSTEMS Forum: https://forum.v.systems/
Twitter: https://twitter.com/VSYSCoin
Telegram:https://t.me/VSYSOfficialGroup
Medium:https://medium.com/vsystems
YouTube: shorturl.at/mxX09
Reddit:https://www.reddit.com/r/V_SYSTEMS/
Github: https://github.com/virtualeconomy/v-systems

Other Useful Links

VSYS Official Website: https://www.v.systems
Supernode Ranklist: https://vsysrate.com/
VSYS Blockchain Explorer: https://explorer.v.systems