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Syscoin (SYS) Price Today, Live Chart & History

541Syscoin
SYS
Buy Syscoin
Sell Syscoin
$ 0.039424
0.00000039 BTC
Marketcap
$ 32,258,864
Volume (24h)
$ 2,971,029
Circulating Supply
818,252,221 SYS
Total Supply
∞

 

Syscoin (SYS) Price Chart

Explore the Syscoin (SYS) live price chart for in-depth insights into its market performance.

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Syscoin (SYS) Price History

Delve into the Syscoin (SYS) price history to understand its long-term value trends.

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Historical Price for Syscoin
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Syscoin (SYS) to USD Converter

Use our Syscoin to USD converter to seamlessly convert Syscoin (SYS) for accurate financial planning.

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What is Syscoin?

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.

While Syscoin offers many opportunities for investment and transactions, there are many other cryptocurrencies available that could align more closely with your specific needs. Whether you’re looking to diversify your portfolio or just getting started, we encourage you to check out our guide on the best crypto to buy now.

Additionally, to enhance your cryptocurrency management experience, consider reading our guides on the best crypto wallet and the best crypto app.

Latest Syscoin News

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