Syscoin (SYS)

$0.026754 (-5.99%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
184 $15,020,000.00 $864,262.00 561,416,000 SYS 39 -5.99% 0.57% $1.60

Exchange Pair Volume (24h) Price
Binance SYS/BTC 211,384.00 0.0000024700
Bittrex SYS/BTC 24,909.00 0.0000024700
Binance SYS/BNB 10,122.50 0.0009440000
Binance SYS/ETH 18,608.80 0.0001332200
Upbit SYS/BTC 24,908.00 0.0000024700
CoinEx SYS/BCH 477,621.00 0.0000878100
CoinEx SYS/BTC 101,621.00 0.0000025400
Sistemkoin SYS/TRY 1,299.15 0.1553450000
Sistemkoin SYS/ETH 607.00 0.0001318500
Livecoin SYS/BTC 1,726.34 0.0000024600
CryTrEx SYS/BTC 0.00 0.0000024600
StakeCube SYS/BTC 1.99 0.0000027000
Sistemkoin SYS/BTC 9,768.14 0.0000024800
AEX SYS/BTC 0.12 0.0000048700
Nova Exchange SYS/DOGE 0.00 9.6718277000
YoBit SYS/BTC 3.79 0.0000013800
YoBit SYS/DOGE 0.00 5.7425855600
YoBit SYS/USD 0.00 0.0117000000
YoBit SYS/RUR 0.00 0.8000019100
YoBit SYS/WAVES 0.00 0.0110639200
YoBit SYS/ETH 0.00 0.0000939700


Syscoin was created as a blockchain protocol that expanded on the concepts of Bitcoin to include additional services, like smart contracts, to enable the creation of a decentralized marketplace. The project launched in 2014 as a fork of the Litecoin network. Soon after the completion of a token sale and launched the network its funds were allegedly stolen by the operators of Moolah, the exchange that held the proceeds of the sale. Over the next two years, the team worked to build Syscoin 2.0, which was launched in May 2016. The launch of the 2.0 network included a new graphical interface and wallet, replacing the previous command line interface. In Aug. 2017, the Syscoin team created Blockchain Foundry as a separate entity to help realize their goal of creating a marketplace platform. In Sept. 2017, Blockchain Foundry released its first product Blockmarket, a blockchain based e-commerce solution. Follow the successful launch of Blockmarket Blockchain Foundry raised $3.3 million to continue developing Syscoin and explore other blockchain technologies. While the current focus of Blockchain Foundry is the development of Syscoin there is a chance it eventually moves away from the company leaving the team with a lack of funding. In order to help build the marketplace platform originally imagined Blockchain Foundry was created by the development team and launched its first product, Blockmarket, in Sept. 2017. In Dec. 2017, following the launch of Blockmarket, Blockchain Foundry received private equity funding of $3.3 million to continue development of Syscoin and expand into new segments. On April 30, 2018, Syscoin released an upgrade to the network (3.0) which includes the ability to create unique fungible and non-fungible tokens on top of the blockchain. Syscoin 4.0 involves a number of changes including: Z-DAG - a decentralized DAG for assets which features global sorting of DAG consensus and near-instant transactions, with SHA256 finality also achieved in background and Bridge - cross-chain asset interoperability without requiring atomic swap nor intermediaries, that offers scalability to Ethereum and other platforms, giving ERC20's, etc, the option to utilize Z-DAG for simple value transfers/micro-transactions



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