30 December 2020 — This year has been greatly hit by the coronavirus pandemic. As 2020 comes to a close, let’s look back at our milestones this year, emphasizing blockchain adoption, system optimization and ecosystem development. V Systems believes 2021 will be another momentous year.

In July, we unveiled the newest iteration of the V Systems blockchain, VSYS 2. The upgrade has greatly expanded the functionality of the V Systems blockchain through supporting the Fermat Smart Contract functions including lock contract, NFT contract and payment channels.

Introduced in November 2019, Staking 2.0 has distributed around 50% of the dedicated IPX…

Engineering Updates

Mainnet Development

We have completed the mainnet update and core smart contracts development for our next release, final touches are in smooth progress. Unitest of V Swap Contract, V Option Contract, V Stable Swap Contract has been completed; network testings of V escrow contract, Token V2, and NFT V2 are near completion. Our current focus is still on the user interface component. We hope to provide a user experience that is both faster and clearer than on other platforms, and be the finest user interface DeFi has yet seen.

Utility Development

On the application development side, we have…

Derivatives are synthetic financial instruments whose value is based on a function of an underlying asset or group of assets. A derivative could be based on the value of a stock, commodity, digital asset, at the present time or in the future. Options are one of the most popular derivative instruments in the world, according to Stastista, 21.22 billion option contracts were traded worldwide in 2020, up from 9.42 billion in 2013.

In traditional finance, option traders rely on various intermediaries to accept orders to buy or sell contracts. Traders submit their orders to their respective clearing member firms, which…

Series of the Sneak Peek of Up-coming VSYS 3 Projects #1

Bridging the physical and digital world has always been our passion, we are helping our clients to transform innovative ideas into real-life projects while bridging the physical and digital world.. We have the knowledge base and technical capabilities to tailor designs fit for any community and real-world project who wants to bring their innovations into the digital world.

Using V Systems blockchain and smart contract technology, we took our partners’ ideas and projected them into reality.

The Monozyg

Monozyg — Create digital twins

NFTs have sent the art world into a…

Progress in Featured Projects

In V Systems, we aim to build a well-thought-out DeFi platform that empowers active and experienced industry practitioners, creators, and investors in the digital world. We design tools which allow them to easily tackle opportunities made by the markets.

In the past month, we have made good progress on our featured projects including asset-backed tokens and NFTs — all embedded with new innovations offered by V Systems. …

In conventional markets exchanges connect buyer and seller directly; this is usually done by an auction based market. In an auction based market, buyers enter competitive bids and sellers submit competitive offers, an “order book based” exchange keeps track of all bids and offers in an orderbook, and tries to match two orders if possible.

The order book helps keep track of the level of interest for a tradable instrument and shows the market depth, and helps traders become more informed about the trades they make by allowing them to analyze current buy and sell activity, and thus increase their…

Our Philosophy

Before diving into the first smart contract of our up-coming Reimann release, we would like to discuss our development philosophy.

At V Systems, we seek to disintermediate finance by innovating at the intersection of blockchain, digital assets, and financial services. We seek to support DeFi-focused ecosystems, developers and users with higher throughput and lower fees at the base layer, without compromising decentralization or security. Our Reimann DeFi contracts aim to enable the delivery of our ecosystem partners’ applications faster and cheaper, with minimal hand-coding to speed up the process of getting an application to production.

The development of our V…

Along with the release of Uniswap V3, the entire DeFi ecosystem has moved a step further towards a new era.

In VSYS, we hope to become a platform for every ordinary user to create, trade, and innovate in the DeFi world, our development has always been focusing on a wider range of contracts. Now it’s time to make an objective comparison with Uniswap to emphasize our key differentiations and positioning.

Key features of Uniswap: from V1 to V3

Back in 2018, when Uniswap V1 realized an automated market exchange, introduced AMM (Automated Market Making) model, and first launched on the Ethereum mainnet, it opened an independent route for…

Special Announcement

Our up-coming iteration of our VSYS 3 will be named after Riemann. This iteration will bring several innovative DeFi smart contracts we’ve been working on, including atomic swap, swap, option, stable swap, escrow, and will further enhance the foundation of VSYS DeFi ecosystem. We also aim to polish UI/UX and user experiences.

Riemann smart contracts are currently undergoing formal verification and further testing. We are optimistic that this new series can be deployed before Q3 of this year. However, please keep in mind that this is a target and not an announced release date.

Engineering Updates

Mainnet Development

Since V SYSTEMS launched its main chain, our dedicated project team has been working around the clock to bring more releases of smart contracts. Back in July 2020, we unveiled the iteration of the V Systems blockchain, VSYS 2.

The upgrade has greatly expanded the functionality of the V Systems blockchain through supporting the Fermat Smart Contracts which include the lock contract, NFT contract and payment channels. …

V Systems

A blockchain platform that supports the efficient and agile development of decentralized applications. Visit our website at www.v.systems

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store