V SYSTEMS describes itself as a blockchain infrastructure provider with a focus on database and cloud services. Powered by the Supernode Proof-of-Stake (SPoS) consensus algorithm, each supernode is elected in a decentralized network according to Proof-of-Stake (PoS) principles. According to the team, it provides high-performance minting, transaction processing, and smart contract functions. VSYS is the native currency for the V SYSTEMS blockchain platform with use cases such as transactions, staking, and minting on the network.
V SYSTEMS aims to deliver decentralized cloud database technology with high scalability, durability, and performance. With Sunny King as the lead architect, V SYSTEMS has already designed and implemented SPoS Consensus, which the team claims to be an efficient distributed consensus algorithm with resistance to 51% attacks. The network plans to operate as a cloud platform based on modular systems that can support efficient and agile development of a host of applications such as finance (DeFi), entertainment, and social network.