Syscoin is a distributed ledger, a global network, a decentralized database and a blockchain. Syscoin is a revolutionary cryptocurrency that allows near zero cost financial transactions, incredible speed and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely.
What Is Syscoin (SYS)?
Syscoin is a peer-to-peer based cryptocurrency that offers a complete financial ecosystem that offers near-zero cost commercial transactions and business infrastructure to enable the purchase of digital assets seamlessly. It lets anyone make instant payments to anyone across the globe. It also offers features such as decentralized marketplaces, distributed certificate management, name aliases and more.
Syscoin (SYS): History
Syscoin came to life in a 2014 draft whitepaper that envisioned Decentralized Smart Contracts and Documents, Decentralized Marketplace Creation, Decentralized Data Storage, and Decentralized Certificate Issuance and Transfer and Retrieval, as amongst the assistance that it will offer upon its release. The new Syscoin wallet was superseded by the version of Block market Desktop 1.0 on September 16, 2017. The Syscoin codebase is openly available on GitHub. Syscoin’s first iteration, Syscoin 1.0, was a scrypt algorithm, proof-of-work altcoin based on Litecoin that built additional features on the blockchain, including a wholly distributed marketplace. Development work on Syscoin 1.0 started in March 2014, but it was only publicly announced on 16 April 2014 PST on Bitcointalk. Presale began on 19 July 19, 2014, at 0.00000465 BTC/SYS, with Moolah.io as escrow agent.
How does Syscoin (SYS) Work?
Syscoin is a permissionless, blockchain-based cryptocurrency that uses the Dark Gravity Wave v3 (DGW) difficulty algorithm. It has an 888-million maximum coin limit and is proof-of-work SHA-256 merge mineable with a block time of 60 seconds. While Syscoin 2.0 had a block reward of 54.13 tokens per block, Syscoin 2.1 halved it by 330% percent to 16.39. Smart contracts on Syscoin are hardened and retains backward compatibility with the Bitcoin protocol as opposed to the Turing-complete agreements sued by Bitcoin.
How To Buy Syscoin (SYS)?
Buying Syscoin is a two-step process. First, head over to Coinbase and purchase Bitcoin or Etherium which accepts debit or credit card. If Coinbase is not accessible in your jurisdiction, view our list of markets that sell BTC or ETH for Government issued money. Next, transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges like Poloniex/ Changelly/ EmpoEx. The best place to save your coins is Coinomi.
Syscoin (SYS) Price Prediction 2018
SYS can be a profitable investment option. Syscoin price equal to 0.453 USD at 2018-03-21. If you buy Syscoin for 100 dollars today, you will get a total of 220.948 SYS. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-03-17 is 1.024 US Dollars. With a 5-year investment, the revenue is supposed to be around +126.36%. Your current $100 investment may be up to $226.36 in 2022. The Syscoin has the price today $0.453, and the market cap value is $237,873,311. The current supply is 531,736,330 SYS, and the volume is $1,642,240.