The team of Peercoin, the Proof-of-Stake (PoS) blockchain platform, has announced the launch of a candidate node ”Peercoin VPool” with the goal of becoming one of the supernodes that run the V SYSTEMS network.
V SYSTEMS is a blockchain infrastructure provider with a focus on database and cloud services. Led by Chief Architect Sunny King, the V SYSTEMS blockchain aims to create a secure underlying infrastructure platform for blockchain database through his new innovation – Supernode Proof of Stake (SPoS) consensus algorithm.
If successful in attracting enough stake, the Peercoin VPool will act as a new source of revenue for the Peercoin project (in addition to foundation donations) and help fund development, exchange listings, promotion, and more.
In exchange, the Peercoin team will utilize the knowledge and experience it has gathered over many years to operate a trusted supernode that provides high availability and quality service for the V SYSTEMS community. In addition, the Peercoin VPool will provide a portion of its minting rewards for community development and marketing of the V SYSTEMS project.
“We believe partnering to operate this VSYS supernode is an exciting first step at working toward a healthy collaboration between the Peercoin and V Systems projects!”
– The Peercoin Team