SyscoinSYS
Syscoin price action
Syscoin (SYS) is a crypto coin running on opensource SYScoin blockchain. It is a mineable coin, based on the original Bitcoin code using SHA256 hash function. The purpose of SYScoin is to fulfill the original vision of Satoshi Nakamoto i.e. marketplace on the blockchain. SYScoin blockchain claims to be better than Bitcoin is many ways because it provides near zero cost transactions using native SYScoin with Z-DAG protocol (Zero-Confirmation-Directed-Acyclic-Graph). The underlying blockchain of SYScoin has two consensus layers. The first layer arranges the transaction in an order before recorded on the blockchain. This layer provides instant settlement of the transaction. The second layer confirms the transaction using the Proof of Work protocol. The next generation SYScoin blockchain integrates "Blockmarket 3.0" which allows the users to buy or sell to anyone in a decentralized manner. Syscoin is presently being used in decentralized marketplace known as Blockmarket and is available to download from their official website.
SYScoin ecosystem offers a number of services apart from sending and receiving the money. These services on the blockchain include Aliases (Eliminated the complex wallet addresses), decentralized marketplace, Encrypted messaging (for the marketplace), Arbitrated Escrow and Digital Certificates (to store and transfer small documents).
Syscoin was created and developed by Sebastian Schepis. He is core developer at SYScoin. The team consists of 9 other members. There are 5 members from community team. Syscoin is based on hybrid consensus algorithms i.e. proof of work and Masternodes. The desktop wallet acts as a node which is limited to sending and receiving the Syscoins. The Masternode requires to hold 100,000 Syscoins. The Masternode is incentivized during block rewards. 67.5% of the reward goes to Masternodes.
- Charts
- Historical Data
- Markets
- Markets
- Zoom
- Hour
- Day
- Week
- Month
- Year
- All Time
- Type
- Line Chart
- Candlestick
Date | Open | Close | High | Low | Volume |
---|
# | Source | Pair | Volume | Price | Change | Updated |
---|
# | Source | Pair | Volume | Price | Change | Updated |
---|
Syscoin news
- Binance entity HKVAEX withdraws Hong Kong license application post-deadlineCointelegraph.com News - 6 hours agoThe SFC website confirms that HKVAEX withdrew its license application nearly three months after the filing on Jan. 4, 2024. HKVAEX, a Hong Kong-based crypto…
- Bitcoin to attract $1T from institutions amid ‘raging bull market’ — Bitwise execCointelegraph.com News - 7 hours agoBitwise’s Matthew Hougan said the best advice he could give traders is to “keep calm and take the long view.” Bitwise chief investment officer Matthew…
- Binance exec seeks redress over Nigeria detention, demands apologyCointelegraph.com News - 7 hours agoGambaryan’s lawyer requested an adjournment for the NSA and EFCC to respond, which was granted by the judge, who postponed the case to April 8.…
- FTX former execs and promotors to settle class lawsuit for $1.3MCointelegraph.com News - 8 hours agoFormer FTX and Alameda executives agreed to share information to aid in the class group’s legal fight against other alleged FTX promoters. Former FTX executives…
- Bitcoin Cash open interest surges past $700M ahead of BCH halvingCointelegraph.com News - 8 hours agoBitcoin Cash hasn’t seen open interest at this level since May 2021, when its price was nearly 2.5 times higher. Bitcoin Cash (BCH) is currently…
Sign up to our newsletter
What is cryptocurrency?
Where to buy cryptocurrency?
How to buy cryptocurrency?
Manage cryptocurrency
Disclaimer
Our publications do not offer investment advice and nothing in them should be construed as investment advice. Our publications provide information and education for investors who can make their investment decisions without advice. The information contained in our publications is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any cryptocurrency. Prices of cryptocurrency may go down as well as up and you may not get back the original amount invested. You should not buy cryptocurrency with money you cannot afford to lose. To see our full disclaimer click here.