Discover Syscoin: the Web 3.0 platform that has it all

Discover Syscoin: the Web 3.0 platform that has it all

By Cryptokirito97 | CriptoDominance | 7 Apr 2023


 

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Syscoin: a smart contract platform with security and scalability

Syscoin is a smart contract platform that combines the best of Bitcoin, Ethereum and ZK-Rollups. Its goal is to offer a Web 3.0 ecosystem with ultra-low fees, decentralized Layer-1 security and Layer-2 scalability that enables economies of scale through Rollups.

Syscoin is designed to support the future of smart contracts within the Metaverse, the Internet of Things, Smart Cities and future interplanetary economies. Syscoin's roadmap includes the implementation of ZK-Rollups, Optimistic Rollups, Validium and DAOSYS, which is a new type of DAO that aims to provide governance-free treasury management and self-sovereignty for all participants.

Syscoin benefits from smart contracts and Rollups by securing transactions with Bitcoin's own Proof of Work and Bitcoin's network of miners through merged-mining. Syscoin also provides Finality in the form of chainlocks, which are served by quorums of incentivized full nodes (masternodes).

Syscoin is a dual-chain architecture with a rollup-centric design. This consists of an Ethereum-based blockchain called Network Enhanced Virtual Machine (NEVM), launched on December 6, 2021, which is 100% compatible with any smart contract or Rollup built for Ethereum.

This means that developers can leverage the existing ecosystem of Ethereum and its tools, as well as access higher speed and capacity thanks to Rollups. Users can enjoy a smooth and secure experience when interacting with decentralized applications (dApps) built on Syscoin.

The native token of Syscoin is SYS, which is used to pay network fees, participate in the masternode system and access ecosystem services. The total supply of SYS is 753,571,731 coins and there is no maximum limit.

The current price of SYS is $0.1777 USD, with a 24-hour trading volume of $2,172,489 USD. SYS has risen 0.45% in the last 24 hours. The current CoinMarketCap ranking is #195, with a live market cap of $133,916,090 USD. It has a circulating supply of 753,571,731 SYS coins and the maximum supply is not available.

Syscoin is an innovative platform that offers a comprehensive solution for smart contracts and Rollups, with a long-term vision and an active community. If you are interested in learning more about Syscoin or investing in its token, you can visit its official website or check out its social networks.

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Cryptokirito97
Cryptokirito97

Entrepreneur and crypto enthusiast I love looking for new projects and learning


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CriptoDominance

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