 | Syscoin (SYS)ICO Syscoin is a cryptocurrency that offers near zero cost financial transactions like Bitcoin and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely. Syscoin isn’t just about money and trading, it has the ability to attract all business types thanks to its native set of features geared towards the financial sector. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Syscoin
Syscoin is a cryptocurrency and blockchain development platform. The developers a currently upgrading the system and introducing new features in their Syscoin 3.0. solution. The Syscoin platform supports multiple decentralized marketplaces and offers the following functionality: price pegging to fiat and BTC, arbitrated escrow, encrypted messaging, etc. The solution also envisages a tokenization layer that enables users to develop their own tokens. Additionally, Syscoin will have two consensus layers, Proof of Work and Proof of Stake.
Syscoin 3.0 is an exciting new upgrade from the popular Syscoin 2.0 platform. This whitepaper summary showcases what is possible on the Syscoin 3.0 platform and details on existing features. Syscoin 3.0 now includes advanced decentralized marketplace features for added scalability and versatility, the addition of an assets and token infrastructure to serve unlimited new use cases and projects, a highspeed transaction scheme for instant payments and token transfers, and a masternode layer for a hybrid Proof of Work/Proof of Stake model, which brings two layers of security against double-spends.
Token infoTicker: SYS |
Syscoin Roadmap
Satoshi Nakamoto's original vision for Bitcoin included a Marketplace embedded directly into the Bitcoin blockchain. The Syscoin founder, Sebastian Schepis, took that vision and built Syscoin 1.0, which included a fully-featured command-line marketplace for buying and selling goods on the blockchain, as well as other new features such as Certificates and Aliases.
Syscoin 2.0 included blockchain pruning, encrypted messaging, Syscoin Identities, decentralised marketplace moderation, private Z-Cash payments, arbitrated escrow support, price-pegging to fiat or other cryptocurrency, and marketplace categories and geolocations.
The 3.0 update was based on feedback from the wide range of companies, organisations, and developers that used previous Syscoin versions for their blockchain applications. In this update, Syscoin became a fully-fledged blockchain development platform. Brand new features included the Z-DAG protocol and Masternodes to facilitate high network throughput (TPS) for assets, Masternode governance, an indexing service, and the Syscoin API 3.0 Asset creation platform.
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