Checking Out Syscoin (SYS), The Decentralized Marketplace

in bitcoin •  7 years ago 

Syscoin provides businesses the infrastructure to trade goods, assets, digital certificates and data securely. And it does it with near zero financial transaction costs.

Some liken Syscoin to the eBay of cryptocurrency.

The blockchain powers all Syscoin services. It’s decentralized system of record hosted by a series of nodes on the Syscoin network.

And the team behind Syscoin is Blockchain Foundry and Syscoin is their flagship product.

Syscoin’s main product is Blockmarket. It’s the world’s first decentralized marketplace. And the newest generation of Syscoin’s desktop wallet comes with the Blockmarket marketplace built-in. (See picture below)

The Syscoin blockchain offers a number of features:

Decentralized Marketplaces – Syscoin can support everything from full decentralized marketplaces to centralized business markets. Further, if offers price pegging so you can interact in both fiat currencies and cryptocurrencies.

Distributed Certificate Management – By using the cryptography of the blockchain you can issue, authorize, and exchange digital certificates of any kind. This allows for the creation and free exchange of any kind of digital asset.

Name Aliases – With Syscoin you can connect names to addresses. So instead of someone having to know your 27-34 character Syscoin address, they just need to know your name.

Merge Minable – Syscoin leverages the power merge-mining with Bitcoin and other SHA-256 coins. That means Syscoin gets to piggyback on the most secure blockchain in the world.

Syscoin released its first version of Blockmarket desktop in September and have since released two updates. You can see what it looks like below.

I’ve downloaded Blockmarket desktop and deposited my SYS. It was fairly easy to use. You can check out the Blockmarket tutorial here.

Next up for Syscoin is Blockmarket Web, which is schedule for a March release on the roadmap.

What do you think of Syscoin?


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SYS having a great day today...up over 23%

It's a crazy idea, if successful it will be a revolution in block chain technology

Thank you for these updates you are just great

Thanks!

That's a nice detailed review of syscoin and blockmarket. I didn't know they had a market app.

Yep, looking forward to the web app... should be out in March.

Let me do a research about it and then i will tell you what i think about syscoin .

Cool, look forward to it.

the more information your day will be

;-p

😂😂

Just curious, what advantage does a decentralized marketplace have over an established competitor like Amazon? Thanks for sharing!

For independent sellers dealing w Amazon can be a real pain. Plus they can get demonetized in a similar way to what Google is doing YouTubers.

Interesting, I see. Thanks that does make sense. It's gonna be a monumental task to move people away from the established players, but that's what innovation is eh :)

I think it's worth a try because the Syscoin can support everything from the market is decentralized to a centralized business market.
Thanks to his information @g-dubs

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This post has received a 0.67 % upvote from @booster thanks to: @g-dubs.

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Another great post by @g-dubs as always! Thanks! Upvoted!

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Here's my review on SYS. It covers the most important aspects of the coin and the team behind it. https://mspsteem.com/bitcoin/@stevenvoros/the-most-undervalued-project-in-the-crypto-world-not-for-long

karena saya suka dengan koment anda

Syscoin, thanks to you, I know the little bit about it. :)

New coin in market with new features. It's good, we are living in future.

Thank you so much you are always keep us updated

That's great information
Thanks @g-dubs

Learned something new about cryptocurrency from you @g-dubs

nice post..
go ahead.