System Currency | CoinPayments Blog

SYSCOIN (SYS): A decentralized e-commerce platform

SYSCOIN fast statistics

type: currency
Date of creation: July 16, 2014
progression stage: full version
powered by: 531,473,122
Total supply: 888,000,000
algorithm: SHA 256
Proof type: Proof of work
Block target: 60 seconds

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

Buyers are increasingly aware of the benefits of blockchain technology and can be attracted by a new type of transaction-a decentralized market that provides peer-to-peer transactions without intermediaries.

Syscoin claims to provide one of the most advanced e-commerce infrastructure available on the market. Assets, data and digital certificates can be safely and effectively traded on the blockchain, with the lowest network fees and no processing fees.

Syscoin boasted that their blockchain has a wide range of features, making it a more advanced protocol than its predecessor, Bitcoin, and some people might think that it is now an “old technology”.

Currently, Syscoin and Bitcoin are merged and mined to support the security of the strongest and oldest blockchain in existence.

Similar to our own CoinPayments $PayByName, You can buy aliases for the Syscoin blockchain, which functions much like a domain name. It replaces long and complex coin addresses with unique names for users.

In recent days, Syscoin and Blockchain Foundry (a technology development and consulting company) announced the launch of Sys 3.0. This is an upgrade that will see improvements such as master nodes and the innovative Z-DAG protocol, which makes transactions almost Instantly, no confirmation required.

The Syscoin team is made up of some of the most tech-savvy minds in the field. Jag Sidhu is the core developer of Syscoin and the CTO of Blockchain Foundry. This Vancouver-based team is becoming a shortlist of candidates for the strongest players in today’s financial technology field. Another blockchain, technology and network solution company worthy of attention in Vancouver, BC is Symbi Biotechnology.

More information about SYSCOIN

System currency website | Syscoin block explorer | Syscoin is BitcoinTalk

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