#Syscoin (SYS) is the own cryptocurrency of the Syscoin platform that serves as an asset and token space.
Syscoin Coin is the native token of the Syscoin Platform that is scalable, providing reliable interoperability, token, asset micro-transfers and bitcoin-core compliant security. It is stated that the platform can work with any Ethereum standard ERC-20 token without the need for second or third party liquidity providers.
It also currently uses the SHA-256 coupled mining proof-of-work algorithm, which can be extracted using the energy spent on Bitcoin mining. The Syscoin Platform uses a masternode network as a scalable service layer.
What is Syscoin (SYS)?
Syscoin (SYS) is the own cryptocurrency of the Syscoin platform that serves as an asset and token space. Users can power their ICOs or other projects by trading on the decentralized Syscoin network with the Z-DAG Protocol. Users' assets are becoming globally viable, and users can enjoy the real-world benefits of Syscoin Platform Tokens.
The benefits of the Syscoin Platform Token platform are as follows:
Easy to create
Safe
Quick transactions
Very low cost transactions
Many use cases
Ethereum studies can be done using the Syscoin Bridge
Syscoin, on the other hand, is mined by combining it with Bitcoin, which ensures the security and stability of the impenetrable Bitcoin network. According to the statements made, this offers Syscoin owners Bitcoin Proof-of-Work security at Syscoin speed. Unlike some cryptocurrencies, merging mining provides Syscoin with network reliability and the tremendous hashing power that is the foundation of Bitcoin. Syscoin Platform Tokens (SPT) created in Syscoin also benefit from the same security.
In addition, the Z-DAG Protocol allows you to send and receive tokens in near real time. An optimized network scales to meet the high traffic demands that normally clog or halt other blockchain networks. All of this combines the reliability and security of decentralization while also offering one of the lowest transaction fees in the blockchain space, according to the platform's statements.
The use cases of Syscoin Platform tokens include securities, benefit tokens, certificates, loyalty rewards, points of sale and awards.
Additionally, using a two-way bridge, SP Tokens can be converted into ERC-20 tokens seamlessly in Ethereum without affecting the maximum total supply. This allows users' tokens to access the Syscoin Platform to the functionality of features such as Ethereum-based Smart Contracts. It also allows ERC-20 token holders to benefit from Syscoin technologies such as Z-DAG.
SYS Coin Review
Looking at the SYS Coin comments, it is seen that users generally use Syscoin (SYS) for medium and long-term investment. However, it is thought that the SYScoin platform will also power the token in the long run.
Although the fall of SYS coin with the recent declines creates concern for investors, it is seen that investors are hopeful about Syscoin within 1 year. It will be useful to take a look at current and historical figures in order to evaluate the comments of investors and analysts more clearly.
Syscoin (SYS), which was traded at $ 0.0564 at the time of writing, ranks 184th in terms of market value with a market volume of 34,072,831 USD, according to CoinMarketCap data. It is also worth noting that in the SYS coin-BTC transaction pair, the token is traded at 0.00000318 BTC against Bitcoin.
In addition, Syscoin hit the record level with $ 0.9814 on January 14, 2018, while on February 22, 2015, it saw the bottom with $ 0.00019. It is also worth noting that the SYS coin currently has 602,032,742 in circulation and the total number will reach 888,000,000 SYS coins.
How to Buy Syscoin Coin?
Syscoin coin can be purchased reliably and quickly through Binance , the largest cryptocurrency trading platform in terms of market volume .
With the Syscoin coin listed on Binance on March 28, 2018, users can perform their transactions in SYS / BNB, SYS / BTC and SYS / ETH transaction pairs.