V Systems (VSYS): how it works, supply and reviews
In short
- Type
- Open-source public blockchain protocol for dApps and real-world applications.
- Initial distribution
- 5,142,858,000 VSYS were generated in the 2018 genesis block.
- Risks and caveats
- V Systems' contract templates are offered 'without any extra security audit needed', as the project states; independent audits are not listed.
- Checked
- 1 November 2026
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Key facts
- Ticker
- VSYS
- Official site
- v.systems
Key facts checked on 1 November 2026 against official sources.
What is V Systems
V Systems is an open-source blockchain protocol for building dApps and bringing blockchain into real-world uses such as fintech, e-commerce and gaming. VSYS is its native coin, used for staking, transaction fees and smart-contract execution.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Open-source public blockchain protocol for dApps and real-world applications. |
| Consensus | Supernode Proof-of-Stake (SPoS). |
| Launched | The genesis block was generated in 2018. |
| Smart contracts | Composable 'no code' smart-contract templates; V Systems says they need no extra security audit. |
| Developer API | Every node exposes a Swagger REST API. |
| Contract fees (as stated) | V Systems states its contracts cost 1/10 of what they cost on Ethereum. |
| Reference node | The reference full node is open source on GitHub; the master branch is under development. |
| Throughput (as stated) | V Systems states the network handles millions of transactions every day. |
Supply and issuance
| Parameter | Details |
|---|---|
| Initial distribution | 5,142,858,000 VSYS were generated in the 2018 genesis block. |
What VSYS is used for
- Staking via SPoS
- Paying transaction fees
- Contract instantiation and execution
- Platform governance via SPoS
Who develops and governs V Systems
- Legal entity (website)
- The website terms are with Virtual Economy Technology Limited, Hong Kong S.A.R.
- Governing law
- The website terms are governed by the laws of Hong Kong S.A.R.
- Malaysian entity
- Virtual Economy Technology Sdn Bhd (V Systems) is named by the Securities Commission Malaysia in its first Regulatory Sandbox cohort.
- Regional footprint
- The Malaysian company says it is a certified Malaysia Digital (MD) company serving clients in six Asian countries.
- Enterprise arm
- V Systems names Coded Solution as its arm for enterprise blockchain.
- Open source
- The reference full node is published on GitHub.
- Chief executive
- V Systems' April 2026 update names Yuen Khai Goh as its CEO.
History
| Date | Event |
|---|---|
| 2018 | Genesis block generated with 5,142,858,000 VSYS. |
| 2025 | V Systems received a Bronze Award for Innovative Design at the Bank of China (Hong Kong) Challenge 2025. |
| 26 November 2025 | The Securities Commission Malaysia selected Virtual Economy Technology Sdn Bhd (V Systems) for the first cohort of its Regulatory Sandbox, in alternative financing. |
| 8 May 2026 | V Systems announced it was engaged by Khazanah Nasional Berhad for Malaysia's first tokenised sukuk pilot, built on a locally deployed private blockchain. |
Security and audits
- V Systems says SPoS is designed to help secure the network against 51% attacks.
- V Systems states it is SOC 2 Type 2 certified.
Security incidents
No security incident is recorded in the sources checked on 1 November 2026 (the company’s own channels and incident databases): defillama.com/hacks, hacked.slowmist.io/search, rekt.news/leaderboard, medium.com/feed/vsystems, v.systems
Risks and caveats
- V Systems' contract templates are offered 'without any extra security audit needed', as the project states; independent audits are not listed.
- The Malaysian sandbox entry is a test environment of about 12 months, not a licence.
- The website terms say use of the site and its content is at the user's own risk.
Official links
- Website: v.systems
- Docs: docs.v.systems
- Source code: github.com/virtualeconomy/v-systems
- Block explorer: explorer.v.systems
- Blog: medium.com/vsystems
Questions and answers
What is V Systems?
An open-source blockchain protocol for dApps and real-world uses, secured by Supernode Proof-of-Stake; VSYS is its native coin.
What is VSYS used for?
Staking, paying transaction fees, creating and executing contracts, and governance via SPoS.
Who is behind V Systems?
The website terms name Virtual Economy Technology Limited (Hong Kong); the Malaysian company Virtual Economy Technology Sdn Bhd was selected for the Securities Commission Malaysia's Regulatory Sandbox in November 2025.
When did V Systems launch?
V Systems says its genesis block, with 5,142,858,000 VSYS, was generated in 2018.
Sources
- V Systems - Home
- V Systems - Buy VSYS
- V Systems - Terms of Use
- V Systems - Resources
- V Systems - Enterprise
- GitHub - virtualeconomy/v-systems
- Securities Commission Malaysia - First cohort of Regulatory Sandbox participants (26 November 2025)
- V Systems Malaysia (Virtual Economy Technology Sdn Bhd)
- V Systems blog - 2025 Year in Review
- V Systems blog - Community Update April 2026
- V Systems blog - Tokenised sukuk pilot
- V Systems Explorer
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