V Systems VSYS to DMarket DMT Exchange

Crypto Pair Details: VSYS to DMT

V Systems VSYS

V.SYSTEMS is a blockchain infrastructure provider with a focus on database and cloud services. Powered by the Supernode Proof-of-Stake (SPoS) consensus algorithm, each supernode is elected in a decentralized network according to Proof-of-Stake (PoS) principles, providing high performance minting, transaction processing and smart contract functions. VSYS is the native currency for the V.SYSTEMS blockchain platform with a multitude of uses including transactions, staking and minting on the network. V.SYSTEMS aims to deliver decentralized cloud database technology with high scalability, durability and performance. With Sunny King as the lead architect, V.SYSTEMS has already designed and implemented SPoS Consensus, a super efficient distributed consensus algorithm with the highest resistance to 51% attacks. The network plans to operate as a cloud platform based on modular systems that can support efficient and agile development of a vast variety of applications including but not limited to finance (DeFi), entertainment, social network and many more.

DMarket DMT

DMarket is a decentralized game asset marketplace. The marketplace covers a wide variety of games and turns virtual items into real commodities that can be traded on the blockchain. The idea of tokenization is central to the blockchain where any item can be represented as a token on the blockchain. This creates an emerging economy around digital assets where they become real items. There are an estimated 2.3 billion gamers worldwide and ample opportunity to monetize digital assets. The gaming economy is estimated at $450 billion There are two types of assets available on DMarket. The first type is a virtual Steam item. This Steam item is an in-game asset this is available for a specific game. At the moment there is a horde of items available for Counter-Strike: Global Offensive. There is also a DMarket Blockchain item that is an internal blockchain item that can be traded on the DMarket blockchain. Users can sell Steam items for US Dollars (USD) or DMarket items for USD or DMC, the internal DMarket cryptocurrency. Users can buy Steam items for USD or DMC or DMarket items for DMC. In order to sell Steam items on DMarket, users have to connect their Steam account to their DMarket account. DMarket blockchain items can be traded without connecting to Steam. Users have to register on DMarket. This creates a DMC wallet for them where they can store their DMC currency and DMarket items. The DMarket platform also has its own block explorer. All wallets and transactions are recorded in the public blockchain. DMarket has a future-proof use case as the demand for a universal gaming trading platform is imminent. Strategic partnerships between game title developers, the gaming community and gamers will ensure that DMarket lives well beyond its proprietary blockchain phase.

SOURCE: COINGECKO

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