Review on Syscoin by Toprak Dere
About Syscoin
Syscoin Coin is the native token of the Syscoin Platform that provides scalable reliable interoperability, token, asset micro-transfers and bitcoin-core compliant security.
Syscoin (SYS) is the own crypto currency of the Syscoin platform that serves as an asset and token space. With the Z-DAG Protocol, users can power their ICOs or other projects by trading on the decentralized Syscoin network. Users' assets are becoming globally viable, and users can take advantage of the real world benefits of Syscoin Platform Tokens.
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Updated 3 years ago
Rating has not been changed
Syscoin benefits from a dedicated developer team and a supportive community. In July 2017, the Initial Coin Offering raised nearly 1000 BTC, but Syscoin was only able to use 250 BTC since 750 BTC was stolen by its escrow partner. Even with limited funds, the Syscoin team has managed to keep improving. So far, Syscoin has had relatively healthy growth and has been around longer than most cryptocurrencies.
Blockmarket has launched successful products such as its desktop client and local wallet. In March 2017, Syscoin partnered with Microsoft Azure, which Syscoin (and possibly its investors) see as a major partnership. After providing some surprising returns in the past, it may be valid for a long time in the future as well. However, it can also compete with other blockchains that offer smart contract functionality such as Ethereum.
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Pros
- Although the SYS coin has fallen especially with the recent declines, it creates concern for investors, but it is seen that investors are hopeful about Syscoin within a year.
- merge mining provides network reliability and immense hash power.
Cons
- not listed in most exchanges
