White Paper Review - VSYNC
Recently, I read the VSYNC / VSX white paper. This is a pretty interesting project and I thought I'd do a quick review of the white paper. I'm not going to re-write the white paper, just highlight a few of the interesting points. I will include a link to the white paper at the bottom of the page for further research and review. Nothing here should be construed as financial advice, just sharing the info I discovered in my research.
VSYNC is a privacy centric POS cryptocurrency based on BitcoinCore 0.15 & Dash. It is proof of stake and utilizes PoSv3. It also offers a masternode system using 100,000 VSX as collateral.To insure fast transaction times VSYNC uses SwiftTX for zero confirmation transactions.
The currency is governed by the entire community and not just masternode owners. Every single VSX holder has the power to vote.
For users concerned with privacy VSYNC plans on implementing the ZeroCoin Protocol, I2P, and the Dandelion Protocol for anonymous payments between parties.
For scalability and transaction capacity the coin will utilize SegWit, Elastic Block Size, and Lightning Network. Implemented with SwiftTX this insures a scalable blockchain, with fast transaction times.
The coin also looks to implement atomic swaps on the network to allow other currencies to be traded and the implementation of smart contracts.
I've been following this project for awhile now, and I really like the direction this project is heading in. In the spirit of disclosure I do own a small bag and have been a long time hodler.
The purpose of this post was just to outline some of the features of VSYNC and what the devs are planning on working on in the future. I found the white paper to be well written, and informative. The roadmap is well defined and posted at the end of the white paper along with many references for research.
This is a basic review of the white paper. For more detailed information you can find the white paper at the link below hosted on the VSYNC website.
White Paper: https://vsync.pw/Vsync_Blockchain_WhitePaper_v1.pdf
Website: https://vsync.pw/
Coin Market Cap: https://coinmarketcap.com/currencies/vsync-vsx/
Also posted on my website: https://bitcoindood.com/