They raised nearly $160million early 2018, and claimed they had worked on it since 2016, and would lunch mainnet on Late April 2018.
And in fact, as you can see in the github code submission, they just forked Waves around March 2018, and started to submit code after late July,
and then the mainnet went online nearly October.
They claimed they would list it to exchanges in late April 2018, and in fact haven't be listed until now.
They said you would be able to lease your coins to supernode; in fact now there's no smart contract at all! Trustless or FULLY TRUSTED to lease coins to supernodes???
Checkout the roadmap, and checkout the github, do your own reasearch.
Hi qq316085607, thank you for following our project and please allow us to clarify on your concern.
Regarding the fork from Waves, we did use some basic infrastructure from Scorex and Waves to speed up development, like nodes design, communication among nodes and leasing features. In our opinion, one doesn't have to re-invent the wheel every time. Having said that, our goal and vision are completely different. Our first release has implemented our new consensus mechanism called Supernode Proof of Stake, a.k.a. SPoS with future plans to build a general-purpose blockchain database in which data and information can be represented in a descriptive manner while preserving integrity. This allows for faster development and adoption of blockchain powered applications. SPoS addresses the issue of scalability for wider adoption. See the coverage of Crypto Briefing on Sunny King's vision:
https://cryptobriefing.com/sunny-king-blockchain-utility/.
Regarding coin listing, we will have a big announcement late tomorrow. Stay tuned!As for the coin leasing part, as mentioned in our whitepaper, we are actually adopting a technology called "cold minting". Even when a coin is leased to a supernode, the ownership DOES NOT transfer to the supernode, and it remains with the coin owner. Coin owner has the right to withdraw from the lease at any moment. Details can be found on the technical whitepaper of SPoS:
https://www.v.systems/pdf/sposwhitepaper.pdf.
Major wallets / crypto exchanges are onboard, and announcements will be made very soon. Stay tuned! In the meantime, feel free to have a look at our
Medium blog where we post regular updates regarding our project. We've been covering our 2019-2020 roadmap in recent blog posts, including how we are changing blockchain database, how we are making blockchain easy-to-adopt with our modular design, how our mainchain/sidechain model is helping DApps functionality on blockchain etc. Here's two very quick read for you:
https://medium.com/vsystems/vee-a-roadmap-to-blockchain-liberation-91d7e93894abhttps://medium.com/vsystems/v-systems-in-a-nutshell-5ddda4e2f98e