What is Syscoin (SYS)? Exploring the World of Blockchain

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Bittime  - The world of blockchain is growing rapidly with various platforms offering innovative solutions for various use cases. One platform that is attracting attention is Syscoin (SYS). 

Syscoin combines the security and scalability of Bitcoin with the smart contract functionality of Ethereum, making it an ideal platform for a variety of applications, from asset tokenization to DeFi solutions.

What is Syscoin (SYS)?

Syscoin (SYS) is a blockchain platform that combines the security and scalability of Bitcoin with the smart contract functionality of Ethereum. The platform is designed to provide more efficient and secure solutions for a variety of blockchain applications, including:

• Asset tokenization:

  Syscoin enables the tokenization of real and digital assets, such as real estate, stocks, and works of art.

• NFT Market:

  This platform supports the creation and trading of NFTs (non-fungible tokens) with low fees and high security.

• DeFi Solutions:

  Syscoin enables the development of various decentralized finance (DeFi) applications, such as lending, staking, and yield farming.

• Digital identity:

  This platform supports secure and verified digital identity solutions for various use cases.

Also read: eNaira: Nigeria's CBDC Pioneer and Its Impact on the Future of Finance

Syscoin (SYS) Key Products & Features

• Dual-Chain Blockchain:

  Syscoin combines two blockchains: Bitcoin Core fork and EVM (Ethereum Virtual Machine).

• Proof-of-Work (PoW) Consensus:

  Syscoin uses a secure and tested PoW consensus algorithm to secure the network.

• NEVM:

  The platform offers EVM-compatible NEVM (Nested Extended Virtual Machine), allowing developers to run Solidity smart contracts at lower costs.

• Layer-2 Solution:

  Syscoin supports Layer-2 solutions such as zkRollups to increase scalability and throughput.

• NFT Marketplaces:

  The platform has an integrated NFT marketplace for NFT creation, trading, and storage.

Also read: What is Fundraising?

What is SYS Token?

SYS token is the native token of the Syscoin platform. This token has several uses, including:

• Payment of transaction fees:

  SYS is used to pay transaction fees on the Syscoin platform.

• Staking:

  SYS holders can stake their tokens to earn rewards and help secure the network.

• Governance:

  SYS holders can use their tokens to participate in platform governance and vote on important proposals.

Tokenomic Token SYS

• Maximum Supply: 888,888,888 SYS
• Circulating Supply: 664,245,252 SYS
• Token Distribution:
  • 50%: Mining
  • 35%: Pre-ICO & ICO Sales
  • 10%: Team & Advisor
  • 5%: Ecosystem Fund

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Syscoin (SYS) Fundamental Analysis

• Team:

  Syscoin has an experienced team with backgrounds in blockchain, finance, and technology.

• Technology:

  The Syscoin platform offers innovative and advanced technologies, such as dual-chain blockchain and NEVM.

• Community:

  Syscoin has an active and fast-growing community with over 100,000 members.

• Partnership:

  Syscoin has established partnerships with some of the leading companies in the blockchain industry.

Comparison of Syscoin (SYS) & Competitors

Expert Opinion About Syscoin (SYS)

Experts have a positive view of Syscoin. Some experts believe that Syscoin has the potential to become a leading blockchain platform for various applications.

Founder and Team of Syscoin (SYS) Blockchain

• Jagdeep Sidhu: CEO & Founder
• Michael Zochowski: CTO
• Dan Wasyluk: CMO
• Sebastien DiMichele: COO

Conclusion

Syscoin offers an innovative and powerful blockchain platform with a variety of attractive features. This platform has the potential to become a leading blockchain platform for a variety of applications, including:

• Asset tokenization:

  Syscoin enables easy and secure tokenization of real and digital assets.

• NFT Market:

  The platform supports NFT creation and trading with low fees and high security.

• DeFi Solutions:

  Syscoin enables the development of a variety of innovative decentralized finance (DeFi) applications.

• Digital identity:

  This platform supports secure and verified digital identity solutions.

Some factors that support Syscoin's potential are:

• Experienced team:

  Syscoin has an experienced team with backgrounds in blockchain, finance, and technology.

• Sophisticated technology:

  The Syscoin platform offers innovative and advanced technologies, such as dual-chain blockchain and NEVM.

• Active community:

  Syscoin has an active and fast-growing community with over 100,000 members.

• Strategic partnerships:

  Syscoin has established partnerships with some of the leading companies in the blockchain industry.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.  

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.    

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.