Who is Sunny King?
Sunny King, a legendary blockchain developer, is the creator of the three cryptocurrencies VEE, Peercoin and Primecoin. Each provides important advancements to the technology that powers cryptocurrencies.Peercoin was the first to use proof-of-stake instead of proof-of-work to secure the blockchain. Proof-of-stake is a method that requires very little energy for mining. And VEE is based on Sunny King's new invented Supernode Consensus, which achiev a high performance but stable PoS system.In 2013, Sunny King invent Proof-of-Stake consensus to challenge the proof of work consensus which Bitcoin use, to create the energy efficient and deteralized blockchain. It is even said that Vitalik Buterin was impressed with the concept and it made him think of changing Ethereum from POW to PoS in the future. Buterin co-wrote a paper called “Casper” covering the topic.In 2018, Sunny King returns with his new consensus Supernode PoS and VEE Blockchain.
Sunny King’s twitter
媒体报道中的Sunny King
What Is PoS?
Proof of Stake (PoS) is an algorithm that the blockchain network aims to achieve distributed consensus. It has the same purpose as Proof of Work but utilizes a different process to reach the goal. It is increasing in popularity and being adopted by various cryptocurrencies. Rather than requiring the prover to show computational work, PoS requires the prover to show ownership of a certain amount of cryptocurrency. The creator of the new block is chosen in a deterministic way, depending on its wealth, also defined as stake. Peercoin, the first coin that is 100% based on PoS and has been running over 5 years successfully.
What Is SPoS?
Supernode PoS consensus is Sunny King's new innovation, which VEE based on.
Performance-oriented Evolution
SPoS offer enough incentive for supernode minters to upgrade hardware, use constant way of minting to achieve good performance to support large scale of DApps.
Minting Economy and Self Governance
Supernode is minter, producing block get reward by using stakes leased by other cryptocurrency holders, and share interests back to holders. Equal minting right gives supernodes equal standing and output, it solve the centralizing threat in Bitcoin and other X-PoS ecosystem.
No Barrier to Participate in Minting
Introducing way of measuring of the account balance to solve busy contention attack. Keep stake liquidity to make users participate in minting with no barrier, and beneficial the security of network.
What Is Peercoin?
Peercoin, also known as PPCoin or PPC, is a peer-to-peer cryptocurrency utilizing both proof-of-stake and proof-of-work systems.
Peercoin is based on an August 2012 paper which listed the authors as Scott Nadal and Sunny King.[4] Sunny King, who also created Primecoin, is a pseudonym.[6] Nadal's involvement had diminished by November 2013, leaving King as Peercoin's sole core developer.
Peercoin was inspired by bitcoin, and it shares much of the source code and technical implementation of bitcoin. The Peercoin source code is distributed under the MIT/X11 software license.
Unlike bitcoin, Namecoin, and Litecoin, Peercoin does not have a hard limit on the number of possible coins, but is designed to eventually attain an annual inflation rate of 1%. There is a deflationary aspect to Peercoin as the transaction fee of 0.01 PPC/kb paid to the network is destroyed. This feature, along with increased energy efficiency, aim to allow for greater long-term scalability.
What Is PrimeCoin?
Primecoin (sign: Ψ; code: XPM) is a peer-to-peer open source cryptocurrency that implements a unique scientific computing proof-of-work system.[2] Primecoin's proof-of-work system searches for chains of prime numbers.[2] Primecoin was created by a person or group of people who use the pseudonym Sunny King. This entity is also related with the cryptocurrency Peercoin.[3][4] The Primecoin source code is copyrighted by a person or group called “Primecoin Developers”, and distributed under a conditional MIT/X11 software license.[5]
Primecoin has been described[by whom?] as the main cause of spot shortages of dedicated servers because at the time it was only possible to mine the currency with CPUs.[1][6] For the same reason, Primecoin used to be the target of malware writers.[7][8] In April 2018 the creator of ZClassic, Rhett Creighton, proposed forking Primecoin with Bitcoin to create Bitcoin Prime.
What Is Vee?
VEE (Virtual Economy Era) is the third project of Sunny King, creator of Proof of Stake (PoS) consensus. Its vision is to build a blockchain database cloud, which is a fundamental blockchain platform like ETH and EOS. The VEE mainnet has already been live!
Based on PoS, Sunny King further improved the blockchain consensus from a mathematical perspective with a brand new design called "Supernode Proof of Stake," or SPoS. Equipped with this efficient and solid fundamental layer, VEE blockchain platform is expected to start with very high TPS (transaction per second) and meanwhile keep the system performance stable. Furthermore, we believe that SPoS is what brings possibility for VEE’s decentralized database cloud.
Decentralized database cloud on VEE platform is designed as an industrial blockchain fundamental infrastructure. It provides sound solutions to industrial application scenarios including high concurrency, relation database, key-value pairs, big volume, efficient indexing and data security. Object data model specifically implemented in the VEE platform enables VEE to support more and more complicated and practical blockchain applications which are in high demands to database, such as finance, game, and social networks, etc. This feature would speed up the application migration from Internet to blockchain.
In order to accelerate the arrival of what VEE project initially advocates, the Virtual Economy Era, accessibility and developer friendliness are two of the very crucial features designed for VEE platform at the moment of its birth. Several other innovative features were also implemented so that application developers could be free of blockchain coding puzzles and solely focus on their business logic.
At it goes in VEE project White paper, “it is our vision that the future of blockchain is not only in a few billion dollar blockchains, but also in billions of blockchains as well to bring a new economic era to the world.”
Sunny King Literature
Experience in Blockchain
The Bitcoin research team established by Sunny King in 2011 to study bitcoin replacement technology;

In 2012, Sunny King released PeerCoin dotcoin, the first blockchain project based on the global PoS consensus mechanism.

In 2012, I registered a bitcointalk account and published 1,203 posts. Most of them focused on PeerCoin's updated topics and technical topics.

In 2012, Sunny King proposed a bitcoin property similar to gold.

In 2013, Sunny King released the Primecoin Proton Coin, also known as Prime Coin, which has a certain mathematical value, and its direction utilizes the energy wasted by the untargeted algorithm in the virtual currency. Primecoin's PoW mechanism has certain scientific value, and miners have also promoted scientific progress while mining.

2013 Vitalik Buterin of Bitcoin Magazine (founder of the future Ethereum) interviews Sunny King

In 2014, PeerCoin ranked third in the world, second only to Bitcoin and Litecoin.

In 2014, a large number of netizens in bitcointalk guessed what the magical character sunny king is.

December 2016 was the last time to log in, stop updating posts, and Bitcoin Community Network is looking for him.

2016 Sunny King was interviewed by CoinDesk about the PoS consensus algorithm.

In 2016, Sunny King was interviewed by Crypto Capitalism on technology/business/finance/social.

On January 24, 2018, after a year of hiding, Sunny King officially announced the new development of the new project Virtual Economy Era.

In September 2018, Sunny King announced that it will introduce a new consensus mechanism, SPoS, in VEE. SPoS is going to run on special hardware. King explained that SPoS is somewhat similar to DPoS, but it simplifies the development and maintenance of blockchains. SPoS runs smoothly in optimized hardware. This special hardware is similar to the ASIC miner in PoW, but unlike PoW's ASIC miners, this special hardware is less power hungry. The system seems to be more central in design, but King has also designed a mechanism to secure the network, ensuring that every supernode has equal power and prevents a node from being overpowered.

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