V SYSTEMS is excited to announce Chainlink’s contribution to the upcoming new VSYS mainnet.

Before the release of the first version of smart contracts on the new mainnet codenamed Euclid, V SYSTEMS had been looking actively for an oracle solution with better security, higher accuracy, and more autonomy. Chainlink’s open source oracle system is the perfect solution we’ve been looking for.

VSYS aims to build the world’s first general-purpose decentralized database to unleash the full potential of decentralized applications in daily data processing, and the collaboration with Chainlink will enable VSYS to focus on the on-chain implementation of contracts while benefitting from off-chain open source APIs built by Chainlink.

“One of our key strategies is to catalyze the development of DeFi applications in the VSYS ecosystem, and a trusted oracle system is crucial for the smart contracts that Defi apps are built on,” explains VSYS CEO Alex Yang. “Chainlink is a reliable and robust player for oracle solutions, and VSYS is a fast-growing public chain with tremendous innovations. Together, we will build the infrastructures of the virtual economy to shape the future of our world.”

About V SYSTEMS

In 2016, Sunny King, the inventor of Proof of Stake (PoS) consensus mechanism, gathered a team of the world’s top database scientists and mathematics encryption experts to start the project V SYSTEMS. Through the innovating consensus algorithm and decentralized database cloud platform, the project aims to address the core issues circulating the current blockchain industry — scalability and usage threshold.

By maturing the PoS technology, Sunny King created an elevated version of the consensus algorithm based on supernodes — Supernode Proof of Stake (SPoS). Not only does SPoS inherit the advantages on security and scalability of PoS, but it also brings significant improvements to the shortcomings of PoS, thus making it a highly efficient, stable and secure bottom layer for blockchain.

The major highlight for V SYSTEMS is the world’s first Common Type System blockchain database. Using an object-oriented manner for storage, the database gives high-concurrency, efficient indexing and many more advantages to various blockchain data use cases. It can also support industrial-scale decentralized applications, a key trend ahead of blockchain.

Another key aspect of V SYSTEMS is a development cloud platform equipped with a modular system. With a simple and intuitive design similar to a development engine, V SYSTEMS makes blockchain development as easy and fast as building blocks, thus lowering the entry barrier for companies to develop the blockchain.

The application of V SYSTEMS’s DApps platform including smart contract applications, sidechain applications, and cross-chain applications will focus on mainstream industries such as the finance sector.

Circulating the various innovations of V SYSTEMS is the native token VSYS Coin. The annual amount of additional issuance is fixed at a rate of 5%, and the rate is decreasing every year. The transaction cost destruction model of PoS is also adopted, granting a balanced and healthy economy. More importantly, the design of SPoS allows all coin holders to lease their coin stake to a supernode, and participate in the block production process to get rewards. This significantly improves V SYSTEMS’ immunity against 51% attacks.

The V SYSTEMS mainnet was launched on November 27th, 2018. To achieve a brand new era of the virtual economy, the development team is currently working on tech updates for 2019 and 2020 such as smart contract, blockchain database platform, sidechain and cross-chain in 2019–2020. To learn more about V SYSTEMS, please visit our official website.

About Chainlink

Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to both large enterprises (SWIFT) and leading smart contract development teams.” To learn more about Chainlink’s latest developments, visit their website or join them on Telegram or Twitter.

V SYSTEMS 與 Chainlink 宣佈合作

V SYSTEMS很高興地宣佈，Chainlink與我們建立合作關係，將為V SYSTEMS即將上線的新主網助力。

在發佈新主網第一版Euclid智能合約之前，V SYSTEMS積極尋找高安全性、高準確性、高自主性的預言機系統以期合作。Chainlink的開源預言機系統正是我們需要的完美解決方案。

V SYSTEMS希望建立全球首個通用型去中心化數據庫，釋放去中心化應用在日常數據處理中的全部潛能。通過與Chainlink進行合作，V SYSTEMS將得益於Chainlink構建的鏈下開源API接口，其自身則可專注於鏈上智能合約實現。

「我們的一大核心策略是促進去中心化金融應用DeFi在V SYSTEMS生態中的發展，可信任的預言機系統則能良好地支持構建此類應用的智能合約」 ，V SYSTEMS首席執行官Alex Yang解釋道，「Chainlink能夠提供強大的預言機解決方案，V SYSTEMS則是快速成長、不斷創新的公鏈。通過強強聯合，我們構建的虛擬經濟架構將塑造未來。」

關於V SYSTEMS

2016年, Proof-of-Stake（簡稱PoS）共識機制之父Sunny King組建了壹個由全球最頂尖數據庫科學家和加密領域數學家組成的隊伍，開始了名為V SYSTEMS（簡稱VSYS）的項目。 V SYSTEMS項目希望從共識算法創新和分布式數據庫雲平台的角度解決當前區塊鏈行業發展的核心問題:可擴展性和使用門檻。

通過對PoS進行技術演進，Sunny King發明瞭Supernode Proof-of-Stake（簡稱SpoS），此下一代PoS共識機制基於超級節點構建，繼承了PoS的安全性和擴展性，解決了PoS的不足，是壹個高性能、穩定且安全的區塊鏈底層。

V SYSTEMS的最大亮點是全球首個通用型區塊鏈數據庫，採用面向對象的方式存儲，它擁有支撐高併發、高效索引等區塊鏈數據使用場景的能力，可以支撐未來大規模面向社會的去中心化工業級應用。

V SYSTEMS的另壹個亮點，構建類似於開發引擎壹樣的模組化開發雲平台，讓區塊鏈開發像拼積木壹樣簡單、快速、安全，這讓企業可以非常高效地且更容易地開發區塊鏈。

V SYSTEMS去中心化應用平台的應用方面將專注於金融等主流行業，包括智能合約應用、側鏈應用、跨鏈應用等。

V SYSTEMS的數字貨幣是VSYS幣，每年增發總量固定，增發率在5%，且每年都在下降，同時延續了PoS的交易費用銷毀模式，虛擬經濟激勵平衡且健康。同時SpoS的設計讓所有持幣用戶都可以通過租賃幣權益給超級節點，參與區塊鏈出塊的驗證並獲得獎勵，這讓V SYSTEMS難以被51%攻擊。

V SYSTEMS主網於2018年11月27日上線，開發團隊正努力在2019–2020年帶來下壹代智能合約、區塊鏈數據庫平台、側鏈、跨鏈等新技術，以實現一個全新的虛擬經濟時代。

關於Chainlink

Chainlink是一個去中心化的預言機網絡，使智能合約能夠安全地訪問鏈外數據源、網站API和傳統的銀行支付。Chainlink一直被Gartner等領先的獨立研究公司選為頂級區塊鏈技術之一。 眾所周知，它為大型企業（SWIFT）和領先的智能合約開發團隊提供高度安全和可靠的優勢。要瞭解有關Chainlink最新發展的更多信息，請訪問他們的網站或加入Telegram或Twitter以及微信群等。

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