Review on Syscoin by francis fernandez
Syscoin: an open door to the global cryptocurrency exchange
In the search to achieve the objective of consolidating itself as a cryptocurrency of universal use, many forks and adaptations have been made by the founders of important founders of cryptographic projects In this sense, alliances and associations between chains and blockchain projects that wish to achieve the permanence of their cryptoactive in the market are becoming more frequent.
Syscoin is a digital asset that allows the exchange of assets in cryptocurrencies or fiat money and the management of payments on a large scale by interacting with robust blockchains such as Ethereum and Bitcoin. Token:
Syscoin's digital asset is known by its acronym SYS and is highly compatible with the ERC-20 token of the Ethereum network.
It has a total supply of shares of 888,000,000 SYS.
Technology-mining:
Syscoin is a pioneer in implementing Z-DAG technology in the blockchain infrastructure, which guarantees that it can execute a high volume of operations per second (60158) with high performance without altering its normal operation or counteracting the security of the network. The network uses the Proof of Work (POW) consensus mechanism in its mining process using the SHA-256 protocol.
The platform has a robust system of connected network servers that provide a highly scalable service layer and offers a reward system to its miners based on seniority bonuses.
Due to its interoperable capacity, the network has high security compatibility with the central core of Bitcoin. This contributes to giving it a greater presence in the market as a robust cryptographic system.
Utilities:
• Serves as a secure platform to exchange assets.
• It allows the acquisition of goods and services and used as a means of payment.
• Facilitates trading and staking of assets due to its low usage fees
Pros
- Allows to exchange assets and tokens in multiple chains.
- It is compatible with any ERC-20 tokens regardless of other liquidity providers.
- It is a high performance network due to its easy interaction between chains.
- Due to its compatibility with the BTC core it is a more secure chain
Cons
- Its market value is variable and very low
