Sunny King, a legendary blockchain developer, is the inventor of Proof of Stake (PoS) Consensus Mechanism and creator of three blockchain projects - V Systems, Peercoin and Primecoin. ”The V systems team aims to deliver decentralized cloud database technology with high scalability, durability, and performance. V Systems has already designed and implemented SPoS Consensus, which the team claims to be an efficient distributed consensus algorithm with 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 host of applications such as finance (DeFi), entertainment, and social network.” - Sunny King
Proof of Stake (PoS) is a type of consensus algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus via various combinations of random selection and the stake. The first cryptocurrency to adopt the PoS method was Peercoin.
Supernode Proof of Stake (SPoS) consensus algorithm was developed in 2018 by Sunny King, the creator of Proof of Stake (PoS), with key features of fixed interval block production, cold minting and stake liquidity.
Peercoin is the first digital currency that uses a combination of proof of stake and proof of work. It targets the issue of Bitcoin's high-energy consumption and aims to provide an energy-efficient and sustainable blockchain technology.
Sunny King built a Bitcoin research team to sudy Bitcoin replacement technology.2011
Peercoin was released as the first cryptocurrency based on the PoS consensus mechanism. Sunny King created a bitcointalk account and published 1,203 posts. In the same year, Sunny King first proposed that Bitcoin was comparable to gold.2012
Sunny King created Primecoin and was interviewed by Vitalik Buterin for BitcoinMagazine. Vitalik later on founded Ethereum.2013
Sunny King talked about Proof of Stake with Daniel Larimer. Larimer was later on inspired to adopt to his DPoS consensus. In the same year, Peercoin was ranked 4th in the global cryptocurrency market, following Bitcoin, Litecoin and Ripple.2014
Sunny King stopped his update of PeercoinTalk on Bitcointalk, and established an idea to build a whole new blockchain.2016
Sunny King regrouped a few of the world's top database scientists and cryptocurrency mathematicians in Hong Kong. The new team discussed V Systems' original ideas and goals, and posted on Bitcointalk in October.2017
Sunny Kind introduced SPoS Consensus, a new generation of PoS, and announced his new project - V Systems. The V Systems mainnet, wallet and 15 supernodes went live. And the team finished roadshow in 9 different cities in the world.2018
VSYS coins was listed on more than 10 major exchanges worldwide, including Bitfinex, ZB and Huobi Global. ZB, ZBG, BW co-launched VSYS Launchpad in March, and over 300,000 people participated. Sunny King's team released the first smart contract on V Systems. Further updates to follow.2019