Introduction to VSYS Coin Walk Wallet
To store your VSYS Coins, the safest way is to use the official wallet developed by V SYSTEMS and wallets developed by authorized partners of V SYSTEMS.
The VSYS Coin Walk Wallet is co-developed by V SYSTEMS team and Community Developer Walk Bank team. The VSYS Coin Walk Wallet will store the public and private keys encrypted for users. They include both hot and cold wallets, and offer a full-suite of cryptocurrency storage solution.
In the VSYS Coin Walk Wallets, users can use their own VSYS Coins to participate in supernode minting, and earn coin rewards through the Supernode Proof-of-Stake mechanism, similar to coin mining. To learn more about supernode minting, visit www.v.systems/supernode.html.
VSYS Coin Hot Wallet and Cold Wallet
VSYS Coin Walk Wallets are divided into hot wallet and cold wallet. As a quick breakdown, hot wallet refers to the real-time network wallet, which allows easy and quick transaction. Cold wallets, on another hand, are designed for maintaining the complete safety of VSYS Coins and are therefore disconnected from the network. They are only opened when signatures are granted.
A hot wallet is connected to the network in real time, which is convenient for users to carry out various actions in a quick manner, including coin transfer, coin collection, coin leasing, and participation in airdrops. Apart from that, hot wallet is the only medium to initiate the operation of cold wallet. In other words, a cold wallet must be associated or connected to a hot wallet in order for any actions to be performed in the cold wallet, such as managing and viewing coins.
A cold wallet is disconnected from the network at all times, except when a signature is presented, by which users can then perform different actions to the cold wallet through the hot wallet. That is, if a user wishes to operate commands to a cold wallet through the hot wallet interface, a cold wallet-generated private key signature is required by the blockchain. It is strongly advised that the cold wallet private key and keywords that generate private keys are kept secure, so that signatures cannot be forged by unauthorized parties, and VSYS Coins can remain absolutely safe. A friendly reminder to users who own a large amount of VSYS Coins that cold wallets are suggested for storage as they ensure a high level of security.
Hot wallet and cold wallet are two separate wallets, each with a set of private key and public key. To make viewing and operation easier, users can connect a cold wallet to a hot wallet through the hot wallet interface. By “connecting”, it does not imply that the cold wallet is linked to the network, cold wallets therefore still remain safe.
Different Ways to Get VSYS Coins
The first way to get VSYS Coins is to go to cryptocurrency exchanges and buy through the platforms. The list of exchanges with VSYS Coins can be found at www.v.systems/start.html.
Another way is to join the bounty programs for V SYSTEMS’s community fans. For more details of V SYSTEMS’s community, visit www.v.systems/community.html.
Apart from the above, V SYSTEMS blockchain itself brings an effective way of earning VSYS Coins. Based on Sunny King’s innovate Supernode Proof-of-Stake mechanism, users can participate in supernode minting and earn VSYS Coins as rewards. To take part in supernode minting or learn more about the mechanism, visit www.v.systems/supernode.html.
About VSYS Coins
VSYS Coins are the cryptocurrency on V SYSTEMS blockchain. Following the V SYSTEMS mainnet launch in September 2018, VSYS Coins will be used to pay for transaction fees, supernode functions, coin leasing and minting. VSYS Coins will also be used to access applications built on the V SYSTEMS network such as smart contracts and DApps, and to pay for resource usage for projects built on V SYSTEMS’s decentralized database cloud.
To learn more about VSYS Coins and the coin flow, visit www.v.systems/pdf/coinflow.pdf.