() traded 1.6% higher than the U.S. Dollar during the 24-hour period ending at 21:01 PM Eastern time on the 13th of June. Syscoin's value against the U.S. Dollar has fallen by 1.3% in the past week. Syscoin's market cap is $91.27m and in the past 24 hours, $956.272.87 of Syscoin were traded. On cryptocurrency exchanges, one Syscoin coin is now available for $0.12 or approximately 0.00000467 BTC.
See how similar cryptocurrencies performed over the past 24 hours.
Bitcoin (BTC), which is currently valued at $26,035.55 / 1.00000000 BTC, traded 0.4% higher than the dollar.
Bitcoin Cash (BCH), which is a digital currency, has traded up 2.5% in relation to the dollar. It now trades for $105.52 or about 0.00405304 BTC.
Bitcoin SV (BSV), which trades for $25.30, or 0.00097159 BTC, is down 0.9% in relation to the dollar.
eCash (XEC), which trades for $0.0000 or 0.00000000 BTC, has risen 1.1% in value against the dollar.
Arweave (AR), which is currently trading at $5.19, or 0.00019917 BTC, has traded up 1.1% against the dollar.
It is a Proof-of-Work (PoW), coin that uses SHA-256 as its hashing algorithm. Its genesis was 16th August 2014. The total supply of Syscoin is 751,391,717 coin. Here is a link to the article
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 a quorum of full nodes that have been incentivized (masternodes). 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 with an Asset Layer that supports both Fungible Tokens and Non-Fungible Tokens, Taproot, a proprietary DAG Protocol called Z-DAG and more. 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.
Syscoin Coin Trading
It is not possible to buy alternative cryptocurrencies like Syscoin using U.S. dollars. MarketBeat.com’s FREE CryptoBeat Newsletter