VSYS Main Chain Update: Euclid is Ready to Go Live Soon
9 September — V SYSTEMS is pleased to announce that its main chain has been updated at the 6,100,000th block to start supporting the first version of smart contract functions. After the completion of all technical updates, V SYSTEMS will officially release its first version of smart contract platform — Euclid 1.0, which includes functions that allow users to deploy smart contracts and issue their own tokens.
Following the launch of Euclid 1.0, there will be major announcements of several decentralized financial (DeFi) projects, bringing onboard tens of millions of new users onto the V SYSTEMS ecosystem. Major exchanges will also support the trading of various application tokens running on the VSYS main chain.
V SYSTEMS is designed for practical real-world use cases to achieve blockchain mass adoption. Users can create their own tokens with just a few clicks without any solid IT knowledge — Token creation is as simple as it should be.
About V SYSTEMS
V SYSTEMS is a general purpose blockchain database for decentralized applications. Led by Chief Architect Sunny King, the V SYSTEMS blockchain has implemented his new innovative consensus algorithm — Supernode Proof of Stake (SPoS). V SYSTEMS aims to deliver decentralized database cloud technology that is scalable and durable, with high finality, performance and the highest resistance to 51% attacks.
The network is operated as a cloud platform that can support efficient and agile development of a vast variety of applications, including but not limited to decentralized finance applications (DeFi), entertainment, social media, tokenization, dapp deployment and many more.