Review on v.systems by Stephen Toluwani
V Systems is changing the cloud storage service as we know it
Given the situation associated with the security of cloud services came the need for a decentralised one with no single point of entry for failure and total crash of the systems. V Systems today came with a view to decentralise the whole process, through a distributed line of network, allowing for different shards of the files. With no maximum storage capacity, V Systems should be the fore front leader in cloud storage services.
The first time I got to use V Systems was when I noticed the coin on KuCoin as a Gem to invest in and ever since then, it hasn't really disappointed in price. If you guess correctly, then you will agree that it's meant to continue increasing value. The project use case for a cloud service is one, speed and cost is another. Imagine paying pennies to make a transaction on a blockchain that is fast and many exchanges has support for the project. Keep the exchange aside, the community for V Systems is also noteworthy to praise in the development of the project.
To add to the spice of this project is the smart contract hub they provide to developers to build on top of its infrastructure at a very low cost so it seems. Interesting project to look more into.
Pros
- V Systems is providing an infrastructure for a decentralised cloud service which is proven to be more resilient to attacks and compromise
- The network of the V Systems is secured by PoS through the delegation of tokens to Validators
- Coupled with the PoS system used to secure it's network, VSYS is comparatively cheaper to use for transactions and the speed is also breathtaking
- Staking services of this coin on exchanges like KuCoin and its mainnet to Validators provides a passive income opportunity to the not-so-inclined to trading users
- V Systems is a building ground for Decentralised applications which means digital assets and smart contracts can be launched on its network
Cons
- Surprisingly, the coin has huge price swings
