Syscoin merges Bitcoin's security and Ethereum's flexibility, enabling dual-layered blockchain development and seamless interoperability through merged mining. More
| Fully Diluted Valuation | $33.15M |
|---|---|
| 24H Trading Volume | $1.47M |
| 24H Low / High | $0.04 / $ 0.04 |
| Circulating Supply | 832.82M |
| Total Supply | 832.89M |
| Max Supply | ∞ |
| Categories | Smart Contract Platform 11 more |
|---|---|
| Founder | Sebastian Schepis |
| Website | rollux.com Whitepaper |
| Socials | 7 more |
| Explorer | Cryptoid 3 more |
| Name | Pair | OG Score |
|---|
Syscoin, launched in 2014 as a fork of the Litecoin network, operates on a mission to amalgamate the best attributes of Bitcoin and Ethereum into a single, powerful blockchain development platform. Functioning on a dual-layered approach, Syscoin's core blockchain merges with an EVM layer, NEVM (Network-Enhanced Virtual Machine), offering compatibility with Ethereum's smart contracts. The platform's native token, SYS, fuels its services and utility features. Programmatically designed for scalability, Syscoin boasts a unique mechanism—merged mining with Bitcoin—where miners can simultaneously mine both BTC and SYS without additional costs. This strategy enhances security and mitigates risks associated with 51% attacks.
At the heart of Syscoin's innovation lies the NEVM, integrating Bitcoin's security model with Ethereum's computational abilities. This synergy powers its smart contract layer and ensures cross-chain interoperability. The platform's masternodes play a pivotal role, fortifying security through ChainLocks while facilitating the lightning-fast Z-DAG payment protocol for Syscoin Platform Tokens (SPTs). What sets Syscoin apart is its distinctive ability to offer decentralized finality, negating the typical risks associated with Proof-of-Work mechanisms. Its architecture, featuring an Ethereum-based NEVM and Syscoin UTXO (Syscoin Native), introduces advancements like taproot, data availability, and a proprietary DAG protocol, Z-DAG, creating a versatile ecosystem for developers and users alike.
Syscoin stands out for merging Bitcoin's security and Ethereum's functionality, offering a dual-layered blockchain and interoperability through merged mining.
Sebastian Schepis, Dan Wasyluk, and Sebastien DiMichele were among the original founders of Syscoin.
The Syscoin Foundation has been guiding the project since 2019, with various contributors and supporters contributing to its development.
Syscoin utilizes a Proof-of-Work (PoW) consensus mechanism merged-mined with Bitcoin for security.
You can buy Syscoin (SYS) on Binance, Bitget, MEXC, Gate.ioHTX cryptocurrency exchanges.
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