Syscoin is a revolutionary cryptocurrency that offers near zero-cost financial transactions like Bitcoin and provides businesses with 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. From eBay traders and High Street shops to selling that one item that you couldn’t even give away at your garage sale; Syscoin’s decentralized network benefits everyone!
Unlike other cryptocurrencies, Syscoin’s intrinsic value derives from the decentralized services it provides directly on the blockchain. The blockchain powers all Syscoin services. It is a decentralized system of record hosted by a series of “nodes” on the Syscoin network. Syscoin trades under the symbol SYS in virtual currency exchanges.
Syscoin Key Features:
Syscoin supports a broad variety of marketplaces, ranging from the fully decentralized marketplaces to centralized business markets. Sell anything directly on the Syscoin blockchain or build a site for your business that will use Syscoin’s infrastructure to conclude its transactions. The marketplace platform provides a decentralized and highly redundant channel for selling goods and services. Features include Price pegging to currencies such as USD, EUR, GBP, CAD, CNY and BTC as a payment option, Arbitrated Escrow, Encrypted Messaging, Images, and unlimited inventory space.
Distributed Certificate Management
Using the cryptography of the blockchain: issue, authorize, and exchange digital certificates of any kind. With Syscoin anyone can issue provably-unique certificates with text or ascii content to single or multiple parties on the Syscoin blockchain. These certificates can be authenticated by anyone via Syscoin’s cryptographic proof-of-work.
This allows for the creation and free exchange of any kind of digital assets like ownership certificates, warranties, receipts, tickets, certifications, diplomas, software licenses and more.
Wallet addresses for cryptocurrencies typically consist of a unique string of 27-34 alphanumeric characters. Such an address isn’t easy to memorize. Although they can be added to an address book within the wallet, Syscoin takes that one step further allowing you to create a unique Alias for your wallet address, such as a name, title, or characters specific to a username. These can be used to send SYS from home to mobile wallet, work, friends, common suppliers or even your repeat customers with ease! For example, you could purchase the alias, “Fred” for less than 1 cent USD with SYS and use that alias instead of a long alphanumeric address (although “Fred” has probably been purchased by the time you read this). Syscoin aliases can be created directly in your wallet and can be anything you want (including spaces!) that hasn’t already been purchased.
In order to provide the most reliable and scalable network of any cryptocurrency, Syscoin leverages the power of merge-mining with Bitcoin and other SHA-256 coins. This means that the Syscoin network piggybacks on the most robust and secure network the world has ever seen. Upon enabling this capability, our network grew 100 fold in less than 12 hours and it continues to support an incredibly stable hashrate (an indicator of network health).
The Syscoin development team has other plans in store, stay tuned for much more!