• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Breaking News: Ecommerce Giant Amazon To Launch NFT Initiative
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC
Bitcoinist.com
No Result
View All Result
Breaking News: Ecommerce Giant Amazon To Launch NFT Initiative
Advertisement

VEE.tech, led by Sunny King – the creator of POS, released technology details of their new consensus SPoS

Bitcoinist by Bitcoinist
4 years ago
in Press releases
0
Advertisement

VEE.tech, a blockchain database cloud project led by legendary blockchain developer and creator of PoS consensus Sunny King, participated F50 Silicon Valley conference and released a few technical features of SPoS, aka Supernode Proof of Stake. 


According to the keynote speech delivered by VEE team located at Silicon Valley, SPoS was designed for high-performance Blockchain infrastructure platform with constant block interval generated to stabilize throughput capacity. It also provided better security with cold minting. SPoS of VEE Mainnet would likely be starting with 15 Supernodes, while the total number of Supernodes could be increased to 30 and 60 potentially, depending on its growth.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.

In a cover story by Coindesk on Sept 7 2018, when asked what he tried to achieve in VEE.tech with SPoS, Sunny King replied, ” VEE takes a good look at the barriers of building Blockchain applications and tries to streamline the process and expand the ecosystem, so at some point, we can say using Blockchain technology is as easy as using a database.”

Also, according to Coindesk’s report, VEE would launch Mainnet on 17th Sept, together with its own crypto coins whose listing ticker would be announced soon. It was announced that there would be airdrop events targeting global developers. According to the community, VEE.tech was in discussion with global exchanges to get their coins listed in a timely manner.

VEE has unveiled a 2nd version white paper for the first time in the last week and will release the paper of SPoS shortly.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

VEE aims to create an absolutely secure underlying infrastructure platform for blockchain database through innovations of consensus mechanism and blockchain platform functions, so that companies using the VEE blockchain platform can focus on their own business instead of delving into coding issues. In this way, VEE blockchain platform can support the operation of trillions of blocks effectively in the future and build a new world of blockchain.

Just like Ssatoshi Nnakamoto, the cryptocurrency pioneer, Sunny King invented PeerCoin and PrimeCoin, both of them ranked among top 10 market capitalization globally. By introducing the Proof of Stake consensus mechanism, he made great contributions to the development of cryptocurrency technology. Years before, Sunny King led the team to set out again, with the hope of reducing the technical barriers and entry costs of blockchain further and introduce the technology to a wider range of applications.

After tremendous research and development, the VEE platform will finally be officially launched in September 2018. This time Sunny King brings a new generation of consensus algorithm innovations, SPoS.

By significantly reducing the cost of blockchain technology, VEE provides universal and personalized underlying database cloud support for blockchain projects with various application scenarios. VEE will make a breakthrough in accelerating the application of blockchain technology and supporting the use of blockchain in the future commercial society. Sunny King is the chief designer of the project, leading several cryptography senior engineers and database architects from Silicon Valley to develop in depth.

According to the development team in VEE, the decentralization mode transformation brought by blockchain as a database has strengthened privacy protection while reducing technology cost and improving data security. As the VEE of the blockchain database cloud, it needs to redefine the blockchain through the decentralized database cloud to promote the advent of the era of virtual economy.

The vision of VEE is that the future of blockchain lies not only in the multi-billion dollars of blockchain, but also in the multi-billion blocks, which will bring a new economic era to the world. According to the white paper, the Vee mainnet will eventually be capable of carrying four or more digits of TPS and more with more stability.

VEE mainly has the following innovative highlights:

  • The adoption of SPoS consensus algorithm It can support industrial TPS and reduce the operating cost of the whole system while solving the energy consumption problem.
  • Exclusive and Innovative cloud computing features It can generate blockchain effectively, reduce the cost of development of blockchain applications, and provide more developers with an efficient and convenient application development platform.
  • Modular construction It simplifies software upgrades in the entire ecosystem
  • Common database functionality Presenting data and information in a descriptive and integrated manner while supporting multiple consensus algorithms enables application developers to focus on business logic.
  • Smart Contract VEE platform plans to support both Ethereum and EOS smart contracts in a compatible manner. Virtual machines will be implemented in a modular manner so that applications can choose the type of smart contract they prefer; It will also assess and consider the growing number of other competitive smart contract systems.

At the same time, VEE platform also allows different applications to run in different blockchains. Realizing complete scalability isolation with other application systems in the same ecosystem, makes VEE even more secure, flexible, compatible and open than current blockchain platforms.

The value of VEE ecosystem is to provide the underlying database cloud service for the applications of several hundreds of billion level projects in the area of artificial intelligence, digital assets, education, cross-linked transaction and smart contract in the near future. In this case, VEE will truly promote the advent of the era of global virtual economy and build a trillion-level blockchain platform. By that time, VEE will be worth $50 billion, $500 billion, or more.

Just as Sunny King created POS in the past, which has changed the development history of blockchain, as well as the vision of VEE. It is believed that Sunny King’s third innovation in the blockchain world will completely change the future of blockchain and enable it to go deep into social Economy. People can indeed live a better life through blockchain technology and it will realize Virtual Economy Era in the future.

Web: https://www.vee.tech/

Contact Us:

1、Facebook

https://www.facebook.com/veecoinexcelsia/

2、Twitter

3、MediumReddit

https://www.reddit.com/user/VEE_Coin/https://medium.com/@VEEBlockchain

4、Telegram

https://t.me/joinchat/HHZIkA-6srdnX4M_UpT_KQ

5、Youtube

https://www.youtube.com/channel/UCogMcxTUyop9_tidkFaOWuA

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Polkadot (DOT) Sees Renewed Attention While Orbeon Protocol (ORBN) Democratizes The VC Market

Polkadot (DOT) Sees Renewed Attention While Orbeon Protocol (ORBN) Democratizes The VC Market

6 hours ago
BudBlockz (BLUNT) and Polygon (MATIC) Are The Only Coins You Need To Survive The Crypto Winter

BudBlockz (BLUNT) and Polygon (MATIC) Are The Only Coins You Need To Survive The Crypto Winter

6 hours ago
DeFi Is About To Dominate The Next Bull Run With Lido DAO (LDO), Frax Share (FXS), and Snowfall Protocol (SNW) Leading The Way

DeFi Is About To Dominate The Next Bull Run With Lido DAO (LDO), Frax Share (FXS), and Snowfall Protocol (SNW) Leading The Way

6 hours ago
Avalanche (AVX) and Fantom (FTM) Won’t Make You 1000x Gains But Snowfall Protocol Will In Less Than 30 Days – Here Is Why…

Avalanche (AVX) and Fantom (FTM) Won’t Make You 1000x Gains But Snowfall Protocol Will In Less Than 30 Days – Here Is Why…

6 hours ago
Crypto Price Predictions: Solana (SOL), Aptos (APT), and Snowfall Protocol (SNW)

Crypto Price Predictions: Solana (SOL), Aptos (APT), and Snowfall Protocol (SNW)

7 hours ago
BudBlockz (BLUNT) sets the bar high with a 235% rise in presale value and could dethrone Top 10 Players Like Cardano (ADA) and Ripple (XRP)

BudBlockz (BLUNT) sets the bar high with a 235% rise in presale value and could dethrone Top 10 Players Like Cardano (ADA) and Ripple (XRP)

1 day ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
Metaspins
Metaspins
1xBit
1xBit
Coinplay
Coinplay
K8
K8
Vegas Casino
Vegas Casino

Sportbooks

Coinplay
Coinplay

Press Releases

  • Polkadot (DOT) Sees Renewed Attention While Orbeon Protocol...

    6 hours ago
  • BudBlockz (BLUNT) and Polygon (MATIC) Are The Only Coins...

    6 hours ago
  • DeFi Is About To Dominate The Next Bull Run With Lido DAO...

    6 hours ago
  • Avalanche (AVX) and Fantom (FTM) Won’t Make You 1000x...

    6 hours ago
  • Crypto Price Predictions: Solana (SOL), Aptos (APT), and...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Bet & win BTC

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.