Review on v.systems by Sergio Daniel Delgado
V system
V Systems has two main objectives as a cryptocurrency. The first of these being to be a decentralized database. That is, work, like most of the blockchains, as a means of securely storing information in the cloud.
While the second objective of V Systems is, as we already mentioned, to specialize in creating decentralized applications. Offering its platform to developers interested in in creating dApps.
V Systems' main attraction and innovation is its cryptocurrency mining system, the Proof of Stake System. Which basically consists of the existence of a network of supernodes that would be those in charge of mining the coin. Receiving a reward for their work proportional to the number of VSYS they own.
Thus, supernodes would also be able to “borrow” V Systems from other users to increase their reward. At the same time sharing part of the payment with the user who provides the VSYS, and that you never lose control over your coins.
The objective of this type of mining systems is to make the entire transaction validation process faster, more efficient and more predictable. Placing it in a few hands rated by its few qualified hands for their participation in the network.
Likewise, and despite participating in a fairly crowded market, V Systems has managed to climb positions within the cryptocurrency ranking.
Pros
- V Systems is an interesting cryptocurrency for two different reasons. Being the first of them, of course, the functions it offers for the market in which it intends to enter. While the second is its founder, who has been in the crypto world for some time launching projects of different types.
- V Systems, being a fairly young and basically unknown currency, doesn't have a lot of options when it comes to storage. This is why the VSYS team decided Offer yourself a cold wallet and a hot wallet to store the currency tokens. At the same time that other important digital wallets such as Ledger and Trezor also began to give support this currency.
Cons
- As is common in the cryptocurrency market, and especially among the younger ones, V Systems lacks something. And is that, when competing with crypto industry giants like Ethereum, it is not enough just to offer the basic capabilities as VSYS is doing. A differentiating factor is needed, and the fact that they succeed or not will be, ultimately, the one that defines the success of the cryptocurrency
- Systems is not as well-known a currency as the other large blockchains that allow the construction of decentralized applications. What prevents it from reaching the large developer market of this type of application in a simple way.
