Syscoin | CoinPayments Blog


SYSCOIN (SYS): Decentralized e-commerce platform

SYSCOIN fast statistics

Types of: currency
Creation date: July 16, 2014
development stage: Full release
powered by: 531,473,122
Total supply: 888,000,000
algorithm: SHA 256
Proof type: Prisoner of war
Block goal: 60 seconds

CoinPayments offer Syscoin payment processing Option to allow merchants to receive, send and store Syscoin.

Buyers are becoming more aware of the benefits of blockchain technology and can attract them to a new type of transaction: a decentralized market where peer-to-peer transactions can be conducted without the need for an intermediary.

Syscoin claims to provide one of the most advanced e-commerce infrastructures on the market, which can safely and effectively trade assets, data and digital certificates on the blockchain, with the lowest network fees and no handling fees.

Syscoin boasts that its blockchain has a wide range of features, making it more advanced than its predecessor, Bitcoin (someone would say it is now an “old technology”).

Currently, Syscoin has been merged with Bitcoin for mining, and relies on the security of the strongest and oldest blockchain available.

Similar to our own CoinPayments $ PayByName, You can buy an alias for the Syscoin blockchain. Its function is similar to a domain name. It replaces the lengthy and complicated coin address with a unique name for the user.

In recent days, Syscoin announced the release of Sys 3.0 together with the technology development and consulting company Blockchain Foundry. The upgrade will see improvements such as the master node and the innovative Z-DAG protocol, making transactions almost instantaneous without confirmation.

The Syscoin team is made up of some of the most tech-savvy people in the field. Jag Sidhu is the core developer of Syscoin and the CTO of Blockchain Foundry. This Vancouver-based team was shortlisted to become a giant in the financial technology industry today.Another notable blockchain, technology and network solutions company in the Vancouver area of ​​BC is Symbio Technology.

More information about SYSCOIN

Syscoin website | Syscoin block explorer | Syscoin is BitcoinTalk

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