Below is a list of the major revisions and some of the changes they introduced.
The current production versions are 3.8.11, 4.2.5, and 5.3.1. v Bulletin 2 is no longer under active development.
The Gold release of v Bulletin 3.6.0 New features in 3.7 included an inline spam management & prevention system, thread tagging and tag cloud, thread prefixes, reciprocal friendship between users, public visitor messaging on user profile pages, user picture albums, user-created social groups, user-customizable profile pages, a lightbox viewer for images attached to posts, post edit history, a notices system, multiple human verification systems, and social bookmarking integration.
Kier Darby was brought on during the v Bulletin 2.0 Beta phase to further development.
The latest stable release of v Bulletin 3 is 3.8.11 which was released on 10th May 2017, and is a maintenance and compatibility release (for PHP 7.x compatibility).
v Bulletin 4 was described in this announcement as "an extensive rewrite of the v Bulletin system.
Rewriting the entirety of the product, v Bulletin 2 commenced development.
Shortly thereafter, Limm became the managing director and Percival the lead developer.