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V Systems (VSYS)VSYS
$0.001748
-0.43%
V Systems (VSYS)
VSYS Price
$0.001748
-0.43%
Rank
#702
Market Cap (24H)
$4.59M
-0.43%
Volume (24H)
$1.36M
-9.67%
Circulating Supply
2,623,361,169
Transp. Vol.
Grade
1H1D1W1M1Y
-0.43%
V Systems logo
VSYS
United States Dollar logo
USD
VSYS is a utility token that fuels the platform V Systems. The platform is a blockchain infrastructure provider aiming ...Read more
Prediction

V Systems Price (VSYS)

VSYS Daily Performance

Today's V Systems price is $0.001748, which is down <1% over the last 24 hours. V Systems's market cap is $4.59M. 24 hour VSYS volume is $1.36M. It has a market cap rank of 702 with a circulating supply of 2,623,361,169 and max supply of 999,999,999,999,999. V Systems is traded on exchanges. V Systems had an all-time high of $0.267415 about 3 years ago. Over the last day, V Systems has had 0% transparent volume and has been trading on 54 active markets with its highest volume trading pairs being .

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V Systems Statistics

V Systems Price (24hr)$0.001748 (-0.43%)
Market Cap$4.59M (-0.43%)
Trading Volume (24hr)$1.36M (-9.67%)
Transparent Vol. (24hr)
Unknown
Transparency GradeUnknown
Circulating Supply2,623,361,169 (0.00%)
All-Time High
$0.267415-99.35%
7/28/2019 (3 years ago)
7D Price Prediction
$0.001767

Price

$0.001748
Price Change
-$0.00000759 (-0.43%)

All-Time High

$0.267415
Date of ATH7/28/2019
Days Since ATH1110
% of ATH0.65%
Price vs ATH

Market Cap

$4.59M
Mkt Cap Change
-$19,920-$19,920.09 (-0.43%)
Mkt Cap Rank702
Mkt Dominance
Mkt Dominance

Circulating Supply

2,623,361,169
Max Supply999,999,999,999,999
% in Circulation0.00%
% in Circulation

About V Systems

VSYS is a utility token that fuels the platform V Systems. The platform is a blockchain infrastructure provider aiming to create a secure space for dApps’ developers with a focus on database and cloud services. Powered by the Supernode Proof-of-Stake (SPoS) consensus algorithm, it provides its users with a highly scalable and durable solution.

The token VSYS is primarily used within the platform with such use cases as transactions, staking, and minting on the network. They can also be used to access a variety of decentralized applications built on the V Systems network. One of the key innovations delivered by the platform is the SPoS consensus algorithm which is a modification of DPoS (Delegated-Proof-of-Stake) mechanism.

On DPoS, there is a number of block producers that are eligible for minting new coins and releasing them into the network. Other participants of the network can delegate their tokens to these block producers and thus vote which of them has the right to mint tokens further. While token holders delegate their coins, they still remain in control over their private keys. With SPoS, the situation is similar, only block producers are exchanged for supernodes who have the right to mint new coins proportional to the amount of staked coins that they control.

Such an approach helps to eliminate the problem of high electricity consumption inherent to cryptocurrencies based on the PoW (Proof-of-Work) mechanism. Also, it makes the network scalable and makes it possible to conduct thousands of transactions per second at zero fees.

VSYS is not the only project implementing PoS-based solutions to overcome the scalability issue. One of its key competitors is DPoS-based EOS which is one of the most active blockchains according to Blocktivity.info. Other projects include Lisk, Bitshares, and Steem. To attract developers, V Systems develops API, SDK and code libraries in several popular languages. Also, the platform plans to support the smart contracts’ functionality and help its users to issue their own tokens.

The ICO was conducted on March 28th, 2019. It was bad timing for raising funds as the whole market was in the deep stagnation and there were not too many investors eager to give their money to risky startups. However, the project managed to raise the needed cap of ~$560,000 USD within a day and by November it released a working blockchain.

VSYS coins can be stored on the platform’s native wallet that is available for download on the project’s official website. The most active exchange platforms that support VSYS include Huobi, OKEx, Bithump, Coinall and many more.

The key person standing behind the project prefers to appear in public under the pseudonym Sunny King. He’s famous for inventing the PoS mechanism, and apart from V Systems, he has such prominent projects behind his shoulder as Primecoin and Peercoin, a pioneer of the Proof-of-Stake system. Other team members are pretty experienced, too, and are mainly located in Hong Kong with two more offices in Silicon Valley and New York.

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V Systems Markets

(Top 10)
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V Systems Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current V Systems price? How much is 1 V Systems worth?

    The price of 1 V Systems is $0.001748. Over the last 24 hours, a V Systems is worth -0.43% less. Visit our currency converter page to convert VSYS prices to currencies other than USD.
  • When did V Systems start?

    The earliest trading data for V Systems is on January of 2019 (based on current exchange data).
  • How high can the V Systems price go?

    V Systems’s price has gone as high as $0.267415 (which is VSYS’s all-time high). It achieved this price about 3 years ago. Speculations abound for how high V Systems’s price will get in the future.

Today's VSYS / V Systems News for August 11, 2022

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