Weekly Report — 1st Week of October 2020

In this weekly report (1st week of October 2020): The atomic swap contract has been tested for on-chain and cross-chain swaps, unit tests are currently being written and revised. Our team has answered all the community questions. The open source code of Node Manager2.0 will be available on Tachyon’s Github soon. Please read the full report below.

1. VSYS Blockchain Development

⛓️ Mainnet Development

The release of new contract features in the Fermat update is finalised and is stable. Users can freely use the designed contracts. Read the link below for more details.

The atomic swap contract has been tested for on-chain and cross-chain swaps, unit tests are currently being written and revised.

Unit tests for a large amount of opcodes have been completed, further contract development and unit testing will continue. There is already a large number of opcodes and the possible computations that can be performed on the blockchain through contracts are vast. Opcodes are currently being designed to further increase contract functionality.

There are currently several functionalities in the design stages. The specifics of these functions are not finalised, and will be revealed once they have been concluded.

💻Utility Development

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

V Cloud Postgresql service architectural design is work in progress. Fixed known bug and added exception handling.

More Node Monitor Tool is discussing and researching.After development is completed, they will open to public use in the future.

2. Global Community Updates

🗣V Systems Community AMA

Thanks to all the community members who submitted excellent questions over the past week. Please read the full AMA below and we look forward to speaking to you in our V Systems Forum and VSYS Telegram Group!

Tachyon Development Updates

The open source code of Node Manager2.0 will be available on Tachyon’s Github soon. With Node Manager2.1, all Node Providers are able to run IPX staking for others and earn management fees like Platform Partners. A new payment system based on the V Systems Fermat smart contract has been under development. More details will be provided this or next month. Please read the report below for more information.

3. Market Overview

📈 Market Cap

VSYS is now ranked at #160 on CoinMarketCap, with a market cap of over US$39 million.

Screenshot from CoinMarketCap on 2 October 2020

⚖️ Staking Rewards

This week, VSYS has gained an overall StakingRewards Score of 66.04% on stakingrewards.com. We promise 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 2 October 2020

Stay Connected

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

Official 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

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