Syscoin
Current price
$0.002099
−1.08%24h
LiveUpdated 19s ago
TodaySyscoin slips 1.1%, outpacing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.33%
- 24 hours−1.08%
- 7 days+8.14%
- 30 days+7.06%
- 1 year−92.90%
Syscoin's move in context
Beating the market today
−1.08% today against −3.24% for the market as a whole, a gap of 2.2 points. Small gaps like this are common, so they don't point to anything specific.
Part of a climb
+8.1% over 7 days and +7.1% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Syscoin
Overview
Syscoin is a versatile blockchain platform that aims to bridge the gap between cryptocurrency and traditional commerce. It is designed to facilitate seamless digital asset transactions while also providing a scalable infrastructure for businesses. The core mission of Syscoin is to empower developers and entrepreneurs by offering a suite of tools that enables the creation of decentralized applications (dApps) and services with integrated blockchain capabilities. Distinguishing features of Syscoin include its dual blockchain technology, combining elements of Bitcoin and Ethereum, along with its focus on providing an efficient and cost-effective environment for transactions.
Technical Features
Syscoin employs a hybrid consensus mechanism that merges Proof-of-Work (PoW) and a secondary layer of control via a decentralized network of validators. This approach enhances the security and scaling potential of the network. In addition, Syscoin utilizes a unique scaling solution that allows for the rapid processing of transactions, making it suitable for high-volume applications. Syscoin's architecture incorporates a native coin, SYS, utilized for transaction fees and governance within the network. The use of zero-knowledge proofs enables greater privacy for users and enhances the security model by reducing the visibility of transaction details. The integration of smart contracts allows for programmable transactions while ensuring compliance with set rules.
Use Cases
Syscoin has a wide range of use cases that extend across various sectors. One of the significant applications is in the realm of decentralized finance (DeFi), where it facilitates lending, borrowing, and trading of digital assets without intermediaries. Governance is another critical use case, as SYS holders can actively participate in decision-making processes regarding protocol upgrades and changes. Syscoin also supports non-fungible tokens (NFTs), providing creators with the tools to mint, trade, and manage unique digital assets. Additionally, its capabilities in cross-border payments make it an ideal solution for businesses looking to transact globally without the excessive fees associated with traditional payment systems. Smart contract functionality allows developers to design complex logical structures for automated transactions.
Development Background
Syscoin was founded in 2014 by a team led by Sebastian Schepis and other influential blockchain developers. Initially based on Bitcoin’s code, it evolved significantly over the years to incorporate Ethereum-like smart contract capabilities. The community has played a pivotal role in its growth, with numerous contributors helping enhance the platform's functionality. Notable milestones include the launch of Syscoin 3.0 in 2017, which introduced a fully decentralized marketplace, and the more recent introduction of Syscoin 4.0, which enhanced scalability through innovative technologies such as Z-DAG.
Community and Ecosystem
The Syscoin ecosystem is vibrant and diverse, featuring a passionate community of developers, stakeholders, and users. The platform has formed strategic partnerships with various companies to expand its reach and utility, including collaborations in the realms of retail and supply chain management. Numerous applications and projects have been developed on Syscoin, leveraging its tools and resources to create unique solutions. Engagement initiatives, such as hackathons and community forums, are frequent, fostering collaboration and innovation among users.
Future Potential
The future potential of Syscoin is promising, given its robust technical architecture and versatile use cases. With the continuous evolution of blockchain technologies and the increasing demand for decentralized solutions, Syscoin is well-positioned to capitalize on these trends. Upcoming features outlined in its roadmap focus on enhancing interoperability with other blockchains, expanding its DeFi offerings, and improving user experience. As more businesses recognize the advantages of incorporating blockchain technology into their operations, Syscoin's solutions are likely to gain traction, paving the way for wider adoption and a more significant role in the decentralized economy.
Syscoin market
- Position by market cap among the coins we track.
- #398
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $1.87M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.00198High $0.00216
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $1.30
- Now 0% of itReached 2 Jan 2022 · Needs +61,834% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 891.3M SYS
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Syscoin converter
1 Syscoin = $0.002099
