Syscoin

SYS
-4.26 % (24hr)

$ 0.0309635651

❝ Syscoin allows business on blockchain and features the world's first decentralised marketplace directly in wallet. It is a fork of Bitcoin protocol and features greater speed, scalability and near zero transaction cost. ❞
Market Cap

$ 16.87M

Current Supply

$ 544.8M

Max Supply

$ 890M

24hr Volume

100.1K

Proof

PoW

website

Visit

Introduction

Syscoin is a distributed ledger on blockchain which has been developed as a state-of-the-art marketplace where you can securely and reliably buy and sell any items without any external interference. Syscoin is a fork of Bitcoin protocol and is merge-mined along with Bitcoin to make it a secure and reliable platform. Syscoin in its first project achieved the Satoshi Nakamoto’s original vision to include a marketplace on the blockchain.

Syscoin is traded across exchanges with a symbol of SYS.

How Syscoin Functions

Syscoin is a more advanced version of Bitcoin because it addresses all the critical issues like smaller transaction charge, speed and scalability which Bitcoin lags. Syscoin is designed to enable large-scale business transactions to work seamlessly on blockchains. With the combination of near to zero cost of the transaction, speed and scalability makes it more practical platform to directly trade goods, services and digital assets more securely. Virtually, a 1:1 global commerce platform.

Syscoin comes with Segwit activated and with Lighting Network technology which helps in scaling the platform in future. Syscoin is often termed as a swiss knife of cryptocurrency platforms.

Key Features

Decentralised Marketplace: Syscoin supports a wide variety of marketplace where users can buy and sell goods and services in a similar fashion to the e-commerce portals. Users can sell directly on Syscoin blockchain or businesses can build a site that will use Syscoin platform to conclude the transactions. It also allows reselling of other's products on the platform.

Aliases: It allows simplification wallet address by letting users to create wallet address that can be easily remembered, unlike long string of alphanumeric characters which is a standard among blockchain wallets

Encrypted Messaging: Users can send or receive encrypted messages in a simple and secure inbox and outbox services with other on Syscoin network using Aliases,

Zero Downtime: Items in Syscoin marketplace is always available whether your wallet is closed or open. It has 100 percent Syscoin guarantee.

Arbitrated Escrow: It provides escrow services to clients and gives buyers the confidence that the funds are secure while the goods are in transit.

Digital Certificates: Using the cryptography of the blockchain, users can issue, authorize and exchange digital certificates of any kind and is authenticated by Suscoin's cryptographic proof of work.

Founder and History

Syscoin was launched on August 16, 2014,  and is created by Sebastian Schepis, who is also the core developer of the coin.

Microsoft and Syscoin are together working on the development of Blockchain as a service (BaaS) and in Q1, 2016, it officially became a partner in the Microsoft Azure Development.

Key Data

Total SYS Supply: 2,000,000,000 coins

Pre-mine: 18 percent

Block Time: 1 minute

Block Reward: 128 SYS

Exchanges

  • Bittrex
  • Poloniex
  • Upbit
  • Tux Exchange
  • Livecoin
  • Yobit
  • AEX
  • Bittylicious
  • Changelly
  • Flyp.me

Wallet

Syscoin Wallet which is supported in Windows, MAC and Github Source. The wallet has complete marketplace built-in and provides the user the opportunity to earn cryptocurrency by selling products and services while eliminating all the middle man and other external forces.

How to Buy SYS Coins

  • At first, you need to create wallet with Syscoin in able to store the coins
  • Then, open an account any of the exchange listed above in order to purchase SYS coins
  • Purchase or transfer the required quantity of bitcoin to convert it with SYS coins and then transfer to the Syscoin wallet.

Exchanges like Changelly, Bittylicious, ezbtc and BTC38.com supports fiat currency of the region which it belongs.

Conclusion

Syscoin allows business on blockchain and features the world's first decentralised marketplace directly in wallet. It is a fork of Bitcoin protocol and features greater speed, scalability and near zero transaction cost.

Key Links

Website: http://syscoin.org/

Reddit: https://www.reddit.com/r/SysCoin/

Twitter: https://twitter.com/syscoin

Facebook: http://facebook.com/syscoin

Whitepaper: http://whitepaper.syscoin.org/