Syscoin blockchain platform is not just cryptocurrency. On the basis of the platform, users can carry out trading transactions by selling their goods, as well as organize their stores and even entire trading systems, such as ebay or Amazon.
Basic information:
Year of creation – 2014
Token – SYS
Project website – Syscoin.Org
Consensus mechanism – pow
Algorithm – Scrypt
Capitalization (CoinmarketCap data for February 7, 2018) – 276.37 million. $
Cost (at the time of writing of the article) – $ 0.52
The number of coins in circulation is 530 793 992 SYS
The total number of coins is 888,000,000 SYS
History of creation
The first one was spoke about this project in 2014, but since then the project has not yet received wide recognition among the public. Initially, the project included support for the creation of decentralized trading floors, certificates and pseudonyms. From the very start, part of the SYS coins was sold by developers in order to attract 1500 BTC. After that, the project in one year passed the stages of updating software and several hard forces.
In 2015, Syscoin developers decided to join Supernet. Supernet is a network where the most promising blockchain projects are collected. A year later, there was an connection to the cloud of Microsoft Azure. However, measures taken did not have a significant impact on the project.
2017 was a turning point, developers, which initially announced the release of 2 billion. SYS tokens decided to reduce the amount of issued coins by 2 times. This step had its influence and the cost of token increased sharply.
Features of syscoin
The market created on the basis of cryptocurrencies, the so -called Syscoin project. The platform is included in the TOP 60 cryptocurrencies and offers its unique opportunities, except for the creation of marketplaces, Syscoin users are available:
When working with Syscoin, users are not limited by the framework of only one platform, which allows you to create a widely oriented product based on this project.
Certificates
Using this platform, users have the opportunity to register their own secure Pow-certificates. These certificates are used to organize digital exchangers. Shares, securities, software licenses and other digital assets can become objects of exchange.
Pseudonyms
Syscoin’s complex numbers of wallets in their structure are fading into the background. On the basis of the platform, the possibility of using nickname is implemented. It is automatically tied to the wallet and in order to translate or entrance to the wallet there is no need to remember or constantly copy the entire number of the wallet, just remember the nickname. This greatly simplifies the functionality of the blockchain platform.
Quick transactions
The implementation of one transaction on the network takes only 5 seconds. Such high network performance makes the project especially attractive to the creators of trading platforms, when there is a need for high throughput for the convenience of end users.
Escrow
If it is necessary to make a transaction by a non-core platform, Syscoin can act as an intermediary. The Escrow service allows you to create a conditional account, which will be a repository of values until the fulfillment of the set conditions. This service is especially popular in the implementation of financial transactions for the acquisition of valuable digital assets or the exchange of financial means.
Mail
Another useful function of this platform is the ability to create your own cryptographically protected mailbox for messaging. Through this service, you can create and exchange agreements, Syscoin acts as a guarantor of the authenticity of the document.
Purse
Syscoin Blockmarket Wallet is available on the download project for downloading. This wallet is the only all up and it was launched in September 2017. The wallet is a full -functional platform, which will be needed by users of the system for sending and receiving, storing SYS tokens, selling and buying goods, as well as for sending encrypted messages.
Technical features of Syscoin
SCRYPT algorithm is used for cryptocurrency mining, which allows users to extract SYS tokens in a row with other altcoins. This allows the platform to increase the coverage and power of the network, which varies from 700 to 1200 GH/S, which is an excellent indicator and makes Syscoin a sufficiently protected from a centralized attack.
Course for 2017
According to CoinmarketCap, on February 7, 2017, the SYS token is trading at a price of $ 0.52, showing 20% growth from the previous trade day. The main volume of tenders is concentrated between three sites: Bittrex – 58%, Upbit – 30%, Poloniex – a little more than 10%. Also, SYS tokens can be found on exchanges such as Yobit, Livecoin, AEX and BITTYLIUS, on the last SYS is paired with a British pound, at all other sites the coin is exclusively a couple of SYS/BTC.
The token is actively traded relatively not long, since the beginning of January 2018. During this time, the registered maximum price was at $ 0.98, January 14. The minimum of the cost of SYS falls on February 6 and a mark of $ 0.30. The total trading volume over the past 24 hours (at the time of writing of the article) amounted to more than 16.7 million. $. Compared to a price of $ 0.01 and a trading volume of $ 100 thousand as of February last year, cryptocurrency shows an increase of 3000%.
It is possible that the case with Alex-Ryan Grin-Kennedy, who appropriated the first funds collected by the project, played his role in the fate of the project. But the project survived, and after three years continues to develop. Significant in the percentage of the increase in the cost of Syscoin tokens for a whole year is a positive sign. The project should not be considered as an object of short -term investments, but in the long run, investing in SYS will bring its disems.
I’m has been actively developing my agency, INCRYPTICO, together with the team of marketing specialists, advertising and PR managers who have all been working together earlier.
