SYS Coin, Live Price Chart in INR, Historical Data

Syscoin

Name

Syscoin

Summary

Syscoin is a blockchain system that aims to make it simple for users to create quick, secure, and low-cost apps.
-It was founded by Sébastien DiMichele
-A mixed Proof of Work and Proof of Stake consensus method powers the network.

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Rating

Symbol

SYS

Overview

Syscoin integrates the best of Bitcoin and Ethereum into a new programmable blockchain development platform that is both strong and secure. Merge-mined with Bitcoin for Proof of Work security and 100% Ethereum-compatible smart contracts with 96% cheaper transaction fees.

Syscoin Platform (SYS) is a public decentralized blockchain, development platform, and token platform that enables Ethereum smart contracts for Syscoin Platform Tokens (SPTs) and scalability solutions for other blockchains and DLTs. Syscoin Platform aims to provide minimal fees, security through merge mining, ease of token generation, and a blockchain design that reduces bloat.

Historical Price Movement (in INR)

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Technology

Syscoin is a rollup-centric dual-chain architecture featuring a dual-chain architecture. The Network Enhanced Virtual Machine (NEVM) is an Ethereum-based blockchain (NEVM). Syscoin Core or Syscoin Main is the name of the other blockchain. It's a Bitcoin-based blockchain with an asset layer that supports both fungible and non-fungible tokens, as well as taproot, a proprietary DAG protocol called Z-DAG, and other features.
Users and developers may take advantage of the strengths of each "gold standard" model, while Syscoin generates new synergies between them as necessary. The native coin SYS, which is based on EIP-1559, is used in both of these blockchains. The trustless and permissionless Syscoin Bridge, which uses a 2-way peg mechanism, allows SYS owners to move SYS across both chains.