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What is Syscoin (SYS)?

Syscoin basic info

Name:Syscoin

Ticker:

SYSBuy now

Introduction:

What is Syscoin (SYS)?

Syscoin (SYS) was developed as a fork of Bitcoin in 2014. It combines the best features of Bitcoin (BTC) and Ethereum (ETH). The blockchain network uses Bitcoin's Proof of Work (PoW) consensus algorithm for security and immutability and Ethereum Virtual Machine (EVM) for smart contract functionality. Syscoin is designed to support the future of smart contracts within Metaverse, IoT, Smart Cities, and future interplanetary economies. Its roadmap includes implementation of ZK-Rollups, Optimistic Rollups, Validium, and DAOSYS, which is a new kind of DAO that aims to provide governance-free treasury management and self-sovereignty for all participants. Syscoin envisions societies with extraordinary levels of financial inclusion and worlds in which every person and business has freedom to benefit from Web3 and beyond. It aims to bring the capabilities of Ethereum and Satoshi Nakamoto's initial concept for Bitcoin to Syscoin to open up new possibilities for a decentralized future.

Who are the Founders of Syscoin (SYS)?

Sebastian Schepis, who co-founded the company that developed the Oracle Project Manager, created Syscoin back in 2014. After the success of the Project Manager, Sebastian has consulted for several large corporations including Bank of America, General Dynamics, Verizon Wireless, and Lockheed-Martin.

The Syscoin project is now being led by a team of experts in the blockchain field, with Jagdeep Sidhu serving as the Foundation President and Lead Developer, and Michiel Näring as the Syscoin Foundation Vice President.

How does Syscoin (SYS) Work?

It's interesting to note that Syscoin has its own version of EVM called the Network Enhanced Virtual Machine (NEVM). This NEVM enables support for Ethereum-compatible smart contracts and rollups on the Syscoin network, giving developers the flexibility to deploy secure and decentralized Web3 apps on Syscoin. Additionally, Syscoin also offers other layer-2 solutions like Z-DAG and the Syscoin Bridge, which help to improve scalability, interoperability, and overall performance.

What makes Syscoin (SYS) Unique?

Syscoin is a unique cryptocurrency that combines the best features of Bitcoin and Ethereum on a single platform. The protocol is based on Bitcoin's PoW model and allows merged mining with Bitcoin, which means that miners can mine both BTC and Syscoin simultaneously at no extra cost. This makes Syscoin's DeFi safer and eliminates the risks of 51% attacks and long-range miner extractable value attacks that Ethereum is susceptible to. Syscoin also retains proven Nakamoto consensus and Proof of Work.

Additionally, the network utilizes a network of masternodes as a scalable service layer through ChainLocks. Syscoin's UTXO Token Platform is a scalable payment channel that allows users to send and receive tokens with low fees instantly, powered by the Z-DAG Protocol.

Syscoin is a dual-chain architecture with a rollup-centric design. It consists of an Ethereum-based blockchain called Network Enhanced Virtual Machine (NEVM) and a Bitcoin-based blockchain called Syscoin Core. Syscoin Core has an asset layer supporting both fungible and non-fungible tokens, taproot, a proprietary DAG protocol called Z-DAG, and more. Both blockchains utilize the same supply of the native coin SYS, which is based on EIP-1559. SYS owners can transfer SYS between both chains via the trustless and permissionless Syscoin Bridge, which uses a 2-way peg mechanism.

For compliance, Syscoin provides Notary, an opt-in solution that enables enterprises to utilize Syscoin's public blockchain for their tokens while ensuring regulatory pre-compliance for individual transactions. Asset owners retain self-custody, providing the necessary technical groundwork for a future in which securities and stocks can participate in DeFi on a public blockchain alongside other tokens.

What is the SYS Token?

The Syscoin platform operates using its native token, SYS. Unlike Ethereum, SYS does not have a capped maximum supply and follows the tokenomics of Ethereum's EIP-1559 proposal.

Conclusion

Syscoin offers an unique cryptocurrency that has the potential for a wide range of use cases. Its array of features and benefits make it an appealing choice for those interested in cryptocurrency trading or asset management.

Current price:

$0.1040More price details

All-time high:$1.31

All-time low:$0.0001992

SYS supply and tokenomics

Circulating supply:790,738,750 SYS

Total supply:790,738,742.92 SYS

Max supply:0 SYS

Market cap:$82.27M

Fully diluted market cap:$82.27M

Links

Website:http://syscoin.org

Whitepaper:https://syscoin.org/research-whitepapers

X:https://twitter.com/syscoin

GitHub:https://github.com/syscoin/syscoin

Buy Syscoin for $1Buy SYS now

What is the development prospect and future value of SYS?

The market value of SYS currently stands at $82.27M, and its market ranking is #390. The value of SYS is not widely recognized by the market. When the bull market comes, the market value of SYS may have great growth potential.

As a new type of currency with innovative technology and unique use cases, SYS has broad market potential and significant room for development. The distinctiveness and appeal of SYS may attract the interest of specific groups, thereby driving up its market value.

What will the price of SYS be in 2025?

Based on SYS's historical price performance prediction model, the price of SYS is projected to reach $0.1376 in 2025.

What will the price of SYS be in 2030?

In 2030, the SYS price is expected to change by +8.00%. By the end of 2030, the SYS price is projected to reach $0.2849, with a cumulative ROI of +173.84%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of SYS and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

SYS price SYS news

Is SYS worth investing or holding? How to buy SYS from a crypto exchange?

If you want to buy SYS, the following information may be helpful for your investment decisions:

In the last seven days, the price of SYS has risen by 9.83%, leading to positive returns for most SYS investors. The market is currently optimistic about the price trend of SYS.

It is important to note that the current price of SYS has retreated by -92.05% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether SYS is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in SYS or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of SYS, if you want to buy or sell SYS, you can consider Bitget for your trading needs. The best place to buy SYS is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Syscoin has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Syscoin. Here's a step-by-step guide on how to buy Syscoin on Bitget.

Buy SYS now Coin buying guide

How to get Syscoin through other methods？

Using cash to buy Syscoin is not the only way to obtain Syscoin. If you have the time to spare, you can get Syscoin for free.

Learn how to earn Syscoin for free through the Learn2Earn promotion.

Earn free Syscoin by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Syscoin airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Syscoin through Bitget Convert, Bitget Swap, or spot trading.

What is Syscoin used for and how to use Syscoin?

The use case of Syscoin may expand as the crypto market and the project itself develop. Currently, you can use SYS to achieve the following goals:

Arbitrage by trading SYS: Since SYS is a frequently traded cryptocurrency, the price of SYS is always fluctuating. Earn more SYS by buying low and selling high on the exchange. Bitget spot market provides a variety of SYS trading pairs to fully meet your needs.

Earn by staking SYS: You can also generate income through financial management methods such as staking SYS or lending SYS. Bitget Earn offers a variety of financial products designed to help you earn more income from your SYS.

Send or pay SYS: If you want to give SYS to your friends, a charity, or a fundraiser, or you want to pay someone with SYS, you can quickly and easily send SYS to the recipient through their payment address.

You can also go to the official website of the Syscoin project to learn more about the use cases of SYS. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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