Syscoin Achieves Market Cap of $100.11 Million (SYS)

() traded 3.4% less against the US Dollar during the 1-day span ending at 20:00:00 Eastern time on the 26th of June. Syscoin's value against the US Dollar has increased by 9.2% in the past week. On major exchanges, one Syscoin coin is currently available for $0.13 (0.00000440 BTC) or $0.13. Syscoin's total market capital is $100.11 millions and in the past 24 hours, approximately $3.08million worth of Syscoin were traded on exchanges.

The performance of related cryptocurrencies in the past 24 hours is shown below:

Bitcoin (BTC), which is currently valued at $30,248.97 ($1.00000000 BTC), has fallen 0.6% against the US dollar.

Bitcoin Cash (BCH), which is now worth $222.21, or 0.00734597 BTC, has traded up 13.6% against the dollar.

Bitcoin SV (BSV), which is currently trading at $37.64, or 0.00124426 BTC, has traded up 3.7% against the dollar.

eCash (XEC), which trades for $0.0000 or 0.00000000 BTC, has fallen 0.9% in value against the dollar.

Arweave (AR), which trades for $5.43, or 0.00017953 BTC, has fallen 1.6% in value against the dollar.

It is a Proof-of-Work (PoW), coin that uses SHA-256 as its hashing algorithm. It was traded for the first time on 16 August 2014. The total supply of Syscoin is 751,391,717 coin. Here is a link to the article
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CryptoCompare states that 'Syscoin, a smart contract technology, supports a cutting edge Web 3.0 eco-system with ultra-low fees. It also provides decentralized Layer-1 Security and Layer-2 Scalability, which allows for economies of size via Rollups. Syscoin was designed to support future smart contracts in Metaverse, IoT and Smart Cities. Syscoin’s roadmap includes implementations of ZK Rollups and Optimistic rollups as well as Validium and DAOSYS, which is a DAO designed to offer governance-free treasury and self-sovereignty to all participants.

Syscoin secures transactions using Bitcoin's Proof of Work, and the network of Bitcoin miners via merged-mining. Syscoin provides Finality as chainlocks, which are supported by quorums (masternodes) of full nodes that have been incentivized. This Finality allows for a safer Defi by eliminating the risk of 51% attacks, long-range miner extractable values (MEV) attacks, and other Ethereum vulnerabilities.

Syscoin has a dual-chain design with a rollup centric approach. The first is an Ethereum-based Blockchain called Network Enhanced Virtual Machine, released on December 6, 2021. This blockchain is 100% compatible to any smart contracts and Rollups created for Ethereum. The other blockchain, Syscoin Main or Syscoin core, is also available. This is a Bitcoin based blockchain that has an asset layer which supports both Fungible & Non-Fungible Tokens, taproot and a proprietary DAG called Z-DAG. Syscoin's overall design allows users and developers alike to take advantage of the strengths and synergies that each model offers. These two blockchains use the same native coin, SYS. This coin is based off EIP-1559. Owners of SYS can transfer their SYS to both chains using the Syscoin Bridge, which is permissionless and trustless. It uses a two-way peg mechanism.

The project has a broad scope and provides novel solutions for numerous industry-wide issues, such as regulatory compliance. Syscoin offers Notary as a solution for compliance. It allows enterprises to use Syscoin's blockchain public for their tokens, while maintaining regulatory pre-compliance. Asset owners still retain control. This lays the technical foundation for a future where securities and stocks will be able to participate in Defi, on a public Blockchain alongside other tokens.

Buy and Sell Syscoin

It is not usually possible to buy alternative cryptocurrencies like Syscoin using U.S. dollars. Investors who want to trade Syscoin first need to purchase Ethereum or Bitcoin on an exchange dealing in U.S. Dollars such as Gemini Changelly GDAX. MarketBeat.com’s FREE CryptoBeat Newsletter
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