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Syscoin Review

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Average

Revainrating 3.5 out of 5  
Rating 
3.6
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Description of Syscoin

Syscoin (SYS) is a cryptocurrency launched in 2014. Users are able to generate SYS through the process of mining. Syscoin has a current supply of 753,571,730.5998354. The last known price of Syscoin is 0.15870598 USD and is down -1.96 over the last 24 hours. It is currently trading on 37 active market(s) with $1,436,094.05 traded over the last 24 hours. More information can be found at http://syscoin.org.

Reviews

Global ratings 15
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Type of review

Revainrating 4 out of 5

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…

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

Revainrating 3 out of 5

Syscoin: economic solution for your payments in digital currencies

In today's world there is a need to make payments remotely to purchase products and services that are not physically within our reach and for transfers in investment products on a global scale. This forces us to use reliable platforms that allow us a secure and transparent digital asset management. The market offers several platforms for online payments of worldwide recognition, however they are not so cheap services. For this reason, the creators of Syscoin designed a virtual infrastructure…

Pros
  • Offers affordable rates
  • Free from third party interference and control
  • Reliable platform for electronic payment processing
  • Stores transactions in an unalterable way
Cons
  • No disadvantages

Revainrating 3 out of 5

A wide range of businesses may use these services.

In addition to a committed team of developers, Syscoin also advantages from a welcoming community. However, some assets were taken by a partner during the company's Initial Coin Offering, resulting in a significant loss. They managed to keep developing despite the minimal resources available. For the time being, it has shown rather healthy growth, and it has been in existence for a longer period of time than the majority of other cryptocurrencies. As part of the Syscoin ecosystem, users may…

Pros
  • It is equipped with e-commerce technologies.
  • It enables users to mine a currency using BTC in a combined style.
  • It makes it possible to create complicated commercial use cases.
Cons
  • Limited functionality.

Revainrating 3 out of 5

Syscoin, unique features for the cryptographic world.

Syscoin (SYS), the Syscoin series is its own cryptographic currency and is filled in as source and note space. With the Z-DAG protocol, customers can control their ICOs or various businesses by exchanging a decentralized Syscoin organization. Customer resources are being used in practice around the world, and customers can take advantage of the current real-world advantages of Syscoin Platform Tokens. Phase also envisions the approval given on the board and uses cryptographic strategies that…

Pros
  • It is a high-performance system due to its easy interaction between chains.
Cons
  • I didn’t find the negative side.

Revainrating 3 out of 5

Syscoin platform.

NEVM: Road map to smart cities and beyond Next year we will release what we call Syscoin NEVM (Network-Enhanced Virtual Machine). This will not be normal EVM blocking. Our system will use parallel processing for projects to gain more power from Ethereum. Larger programs, more complex calculations, and thousands of calculations at the same time, all of which are performed at lower cost than Ethereum. It offers quick and minimal cost notes, sources and NFTs received by Bitcoin's controlling…

Pros
  • A market that is not centralized with inventory items that are not limited to zero operations. There is a comprehensive exchange with more than 32 cryptocurrencies.
Cons
  • I didn’t meet the disadvantages.

Revainrating 4 out of 5

Syscoin for business

Syscoin (SYS) is a decentralized global network that also has an exchangeable cryptocurrency. The project seeks to eliminate intermediaries for the return of money directly to merchants, eliminating fees charged by corporations. To bring the fees close to low cost to zero, you can use the SYS cryptocurrency to pay for your products on the market. The objective of the platform is to obtain the ability to attract various types of businesses thanks to the characteristics of blockchain…

Pros
  • Decentralized market with unlimited inventory items with practically zero transactions.
  • It has an integrated exchange with more than 32 cryptocurrencies.
  • Custody service to safeguard user tokens.
Cons
  • I found no downsides.

Revainrating 5 out of 5

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…

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

Revainrating 4 out of 5

Syscoin (SYS)

Syscoin is aimed at providing a convenient process for exchanging goods on a decentralized marketplaces. Idea: The creators of Syscoin intend to fulfill Satoshi Nakamoto's vision of creating and developing decentralized online stores on the blockchain. On Syscoin platform you can build many things. But the very first and most stand-out use case is decentralized marketplaces. The project offers its own decentralized Blockmarket, where users can create their own online shops and sell goods for…

Pros
  • Ethereum two-way bridge: this is done by a permissionless burn/mint process that moves a quantity of ERC20 tokens into a corresponding Syscoin Platform Token (SPT). This feature opens a possibility of cross-platform integration, forward-compatibility, diversity and interoperability across the cryptosphere.
  • Token minting system: Syscoin Platform Tokens (SPT) is a unique protocol that makes it possible to create tokens backed by physical assets support, include loyalty points, and ultimately create service-backed assets. Good example of SPT-token is LODE, token that is backed by physical silver.
  • High transaction throughput (speed): transcations is very fast and cheap.
  • Low transaction fees: another advantage is the lowest transaction costs. However, you need to understand that with an increase in demand and an increase in transaction volumes on Syscoin system, the price of transactions can also increase.
Cons
  • In 2018 there was an incident with Syscoin on Binance: Syscoin was hit by an unusual hack that has manipulated the coin’s total supply. The attackers then sent the fraudulently generated coins to Binance and sold them, pushing the price of 1 Syscoin $SYS as high as $750,000 (then 96 BTC). This happened because of a simultaneous hack of Binance API keys. However this particular issue with Syscoin Blockchain since then have been solved.

Revainrating 3 out of 5

Boosted with the bitcoin network

Syscoin launched in August 2014 and featured a decentralized market built in the blockchain, with a non-graphical user interface. The Syscoin market is the first based on a blockchain. Retail goods, real estate and energy trade are among those that are aimed at auctioning on the platform. Like its fully decentralized market, Syscoin auctions will be characterized by the lack of fees for intermediaries. Customers will only have to pay network fees to use the service.

Pros
  • It has a decentralized exchange
  • It allows the creation of safe and low-cost applications.
  • Offers high transaction throughput thanks to Z-DAG technology
  • Being linked to the e-bitcoin network, your security is guaranteed.
  • Distinguished partnerships with recognized global companies.
Cons
  • The operation of the platform will depend on how the bitcoin network behaves.

Revainrating 4 out of 5

Build fast, secure, low-cost applications with ease.

It is an open source blockchain development platform and cryptocurrency. The token is a merge minable SHA256 coin. It also gives an layout of helpful services which leverage on the Bitcoin protocol and blockchain technology. Its platform lets you generate your own token and you can also use it for trading. Syscoin comes from a fork of the Bitcoin protocol and is merge mined with Bitcoin. This has given us one of the most protected, constant, and scalable networks to ever exist. They allow…

Pros
  • Decentralized Marketplace with limitless inventory items.
  • The fees to transact Syscoin Platform Tokens or Assets are very low, making them suited for a wide range of use cases such as point of sale transactions.
  • Encrypted messaging with email-like inbox, outbox to communicate with people on the SYS network.
  • Syscoin Platform Tokens (SPT) allow anyone to quickly create their own cryptocurrency token on Syscoin Platform.
  • Send coins to case insensitive names without requiring to plug in lengthy wallet addresses.
  • It is merge mined with Bitcoin which provides SYS with an unbelievably strong and safe network.
  • The Z-DAG protocol to allow for near real-time transactions, which makes them the perfect choice for a retail environment.
  • It's unique Z-DAG technology means the network can handle a transaction throughput of 60158 Syscoin Platform Token transactions per second (TPS), while remaining decentralised and secure.
Cons
  • There are tons of other more established marketplaces already in existence.
  • Difficult to get people to actually download a program to visit a market.

Revainrating 3 out of 5

Syscoin, Worth it?

Syscoin's list of new features is great and with the repagination of the project, this may be the point of convergence for price recovery in the near future. Investors need to evaluate this project well.

Pros
  • SysCoin is the first crypto-currency to carry out transactions with the Lightning Network (LN) in mainnet
  • The intrinsic value of Syscoin comes from the decentralized services that the digital currency provides directly in the blockchain
  • The currency is listed in several exchanges, includind Binance
Cons
  • Currency with low market value, needs to rebound. Once again I believe that the project will only have life with partners and great improvements being realized!

Revainrating 5 out of 5

We can define the Syscoin project as something as a multi-comprehensive…

We can define the Syscoin project as something as a multi-comprehensive platform containing a collection of features that can be used to provide solutions for a wide range of decentralized services. The project works in direct opposition to centralized business markets and allows users to sell anything directly on the Syscoin blockchain or build a business site that uses their infrastructure to process transactions. The team has developed a fully functional product and has worked to incorporate

Pros
  • Syscoin had origin from a fork of the Bitcoin protocol in 2014 and has an algorithm that allows for merge-mining with Bitcoin. This allows miners to simultaneously mine cryptocurrencies that are based on the same algorithm, and Syscoin is able to leverage the power of merge-mining with Bitcoin and other SHA-256 coins. This provides Syscoin with a highly secure and stable network that acts as a solid foundation to the platform. In addition to providing a fully decentralized marketplace, the Syscoin platform also incorporates a number of key features aimed at enhancing the entire e-commerce experience (prices in the marketplace can be pegged to fiat currencies such as USD, EUR, and GBP or to the price of BTC. While the marketplace also incorporates an arbitrated escrow feature that holds tokens in escrow until the terms of the sale are met and the funds are released to the seller). Syscoin also makes use of hardened smart contracts that are reinforced and cannot be compromised in the same way as Ethereum smart contracts and this makes the platform a serious option for organisations involved in insurance, medicine, and gaming. Syscoin’s blockchain can support 750 transactions per second (TPS), and this is scheduled to increase to up to 300,000 TPS with a planned masternode release. The SYS token is currently one of the lowest fee cryptocurrencies on the market and only lags behind transaction fee free cryptocurrencies such as NANO and NEO. About quotation, a number of developments should see the project continue to increase in value over the year.
Cons
  • The project still has a number of obstacles to overcome in order to attract mainstream adoption. Currently, the leading mainstream marketplaces are extremely well known and it will take a comprehensive and long period of advertising and marketing in order to attract users to the site. Syscoin has also strong competitors (platforms such as Shopify and WordPress-Woocommerce- which allow retailers to set up e-commerce sites relatively easily and are also very well known).

Revainrating 5 out of 5

BUY AND HODL. Run a masternode if at all possible. You might become…

BUY AND HODL. Run a masternode if at all possible. You might become progenitor of a dynasty.

Pros
  • All appearances point to strong fundamentals and a bright future ahead for this presently undervalued coin. Much positive to say on this project and team. Long range plan focused on mass adoption, staying power, groundbreaking tech, very active development, proven follow-through having already delivered on many promises (e.g. the first iteration (and THE first) of a decentralized marketplace was delivered in 2014, and there have been many updates since), and a progressive evolution. There's a lot to outline here. "Decentralized Marketplace", "Blockmarket Desktop" and upcoming "Blockmarket Web" are the first impressions for many who do light research. This is a platform that not only serves simple buying and selling use cases, but allows more complex interactions through an easy-to-use API developers can harness to integrate existing eCommerce inventories with the Syscoin chain to take advantage of its features and utility, regardless of their app programming language. Syscoin 2 (existing) also provides the utility of Aliases, Certificates and Encrypted Messaging. As big as those are, there's far more going on. Syscoin 3, due for release any time, will introduce an array of utility including tokenization with coloring (the ability for tokens to represent unique items such as a gold bar with a serial number), a simple means of token generation (think ICOs), Enterprise scalability and performance with a unique implementation of Masternodes forming Syscoin into a PoW/PoS hybrid, Z-DAG (a first of its kind algorithm allowing for instant asset transfer while solving the risk of double-spend - an age old problem that has been the bane of the blockchain community), PrivateSend (CoinShuffle), InstantSend capabilities and more. In Syscoin 3, The combination of these Masternodes with Z-DAG will result in asset transfer throughput of roughly 100,000 TPS when 1,000 masternodes are enabled on the network, scaling-out to higher TPS as additional nodes are added. The Syscoin 3 testnet has been active since November and is currently running the first release candidate version, due for release April 30th, 2018. Two significant ICOs have already announced their intention to launch on Syscoin 3 and issue proportionate Air-drops to holders of SYS. These are CoinPaymentsCoin (by the already-existing and popular CoinPayments service), and BitCab (a decentralized Uber-type service by former country manager of Uber Ukraine). It has been said many other ICOs are to be announced. Additionally, there are deals worked-out for onboarding existing inventories of merchants to the tune of over 1 million SKUs through the Merchant Pilot Program. Blockchain Foundry, the private company formed by the Syscoin team, is currently working on and expected to go public on the Canadian Venture stock exchange some time Q2 2018. Part of fast-tracking this process involves an active merger agreement between Tiller Resources Inc and Blockchain Foundry. BCF recently receive 3 million in private funding and has expanded both the BCF and Syscoin teams at a rapid pace. New development ramping up fast, toward fulfilling an ambitious roadmap.
Cons
  • Some point out a "lack of marketing" in the conventional sense. While this is somewhat true, keep in mind Syscoin's strategy is on the long game - not hyping promises to P&D traders. They are pushing for widespread adoption, and have stated their mass marketing campaigns will begin when Blockmarket Web is ready and released to the public. In the meantime they have a strong community of long term investors who have formed their own marketing effort with success. Syscoin and BCF have been covered by several major investment publications in the past two months, and a number of YouTube reviews are available on reputable channels. Some might consider the immediate "lack of marketing" a con, but those who are wise will sense opportunity. A recent delay with delivery of Syscoin 3 (originally expected March 31st, but rescheduled April 30th) is the only reason I gave four stars instead of five on Progress. My understanding is BCF is in process of pro-actively trailblazing regulatory compliance with Canadian institutions while simultaneously completing a reverse merger with Tiller Resources Inc. Some legal irons have been in the fire and are being finalized which will determine some backend details going forward. Many crypto projects are doomed to fail by not taking compliance seriously. Syscoin and BCF will not be among them. Their vision extends far beyond just releasing a product, to establishing co-existence with regulatory institutions thereby giving the project a foundation it needs to continue for a very long time.

Revainrating 5 out of 5

I'd just like to say this is not a paid review nor am I team member. I'm a…

I'd just like to say this is not a paid review nor am I team member. I'm a holder of Syscoin because I believe in the project, community, and team. I will not tell you to buy SYS that is your decision and I'd highly encourage you to do a great amount of researching on the project before investing.

Pros
  • Blockchain Foundry has already created the world’s first truly decentralized marketplace, named Blockmarket. Masternodes are planned to be launched on the mainnet April 30th 2018. Syscoin offers an incredibly high throughput capability of around 300,000 Transactions per Second (TPS). Syscoin 3.0 will have ICO support with two relatively credible company's already on board to launch their ICO's on the Syscoin network. Both of these ICO's have announced a portion of their tokens will be airdropped to Syscoin holders. Syscoin has been around since 2014 even after unfortunate circumstance where they got scammed for a majority of their funds. Any team that will work for free for so many years deserves credit and it shows their passion & dedication to the project. Actively hiring more and more team members as they have transitioned to working on the project full time. Way ahead of all competitors when it comes to their decentralized marketplace. Undervalued (at the time of this review) Very active and communicative team - Always answering questions on Slack There are many more great things about this project and I encourage you to check out their Slack Channel & Subreddit (reddit.com/r/syscoin)
Cons
  • Some people are thrown off by the name (You get used to it) Their sites syscoin.org & blockchainfoundry.co are a tad outdated and need a new look. (The team has already announced they are in the process of a redesign for both sites) Marketing is something the team needs to improve on but they have said many times this is something that will happen more around the time Blockmarket web is released. At this point in time i'd say Syscoin is a sleeping giant that not too many people know of it's true potential.

Revainrating 5 out of 5

https://kinecosystem.org/ Supported wallets include Coinomi and…

https://kinecosystem.org/ Supported wallets include Coinomi and HolyTransaction. It's on several well run exchanges, and Syscoin is the spiritual decendant of Bitcoin in a way not every project is.

Pros
  • Marketplace creation where you are the market and the marketer.
Cons
  • Merge mined with BTC , so the bad news here, as with many products that are BTC shaped, as BTC goes, so shall these others.