Syscoin (SYS) News, Price Predictions, Opinions and Analyses Created by Users

Syscoin (SYS)

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Syscoin (SYS) is a Blockchain-as-a-Service (BaaS) platform that was founded in 2014 by Jag Sidhu, Sebastian Schepis, Dan Wasyluk and Sebastien Dimichele. The platform lists its technical performance, interoperability, security and low fees as the network’s main strengths. 

The team describes the platform as “[bringing] you the tools you need to remove the middleman and take back control of the way you do business.” They have already outlined several possible use cases, like Point of Sale decentralized applications for stores and e-commerce platforms or even the creation of tokens.

BaaS platforms are growing in popularity because of the comprehensive and accessible blockchain development solutions they provide to small and medium businesses, who lack the resources of larger companies and are unable to develop solutions themselves. Most BaaS platforms offers comprehensive, easy to deploy blockchain solutions with minimal effort. 

Other technical features worth noting about Syscoin are the Syscoin Bridge, its masternodes and zero confirmation transactions. Syscoin Bridge enables two-way bridge between Syscoin and other blockchains. The Ethereum blockchain is the first priority here, as it would allow Syscoin to interact with Ethereum’s smart contracts. Syscoin’s masternodes are based on blockchain project Dash’s code. Zero confirmation transactions allow for near real-time transactions. 

The roadmap, last updated in April 2019, shows multiple milestones for 2019, many of which are nearing completion. The most of these is perhaps SYS4 1.0, which would enable smart contract execution. Ledger integration, blockchain swaps, several APIs  and a hybrid permissioned/permissionless layer 2 blockchain are also on the agenda.

Syscoin: Providing Stablecoins w/Scalability & Interoperability

26 May 2020 2 minute read 11 comments drlove

The rise of Stablecoins (TETHER, DAI, PAX and others) have substantially increased the number of transactions on the Ethereum network. This has helped  lift the price of Ethereum and increase gas fees (cost of making tx on Ethereum), as this creates...

Vitalik Calls for Trustless Bridges - and the Case for the SysEthereum Bridge

24 Apr 2020 1 minute read 6 comments drlove

In recent days we have seen more discussion and calls for trustless bridges between blockchains and Vitalik is quoted as stating that,  “It’s embarrassing that we still can’t easily move between the two largest crypto ecosystems trustlessly”.https:/...

An other interesting project | Syscoin (SYS) | Put your business on the blockchain

21 Feb 2020 1 minute read 3 comments NassiroV

Image Source Introducing Syscoin Syscoin is an international cryptocurrency that allows decentralized transactions at low costs. It is based in part on the Bitcoin protocol. It enables very low cost financial exchanges, high transaction speed and pr...

Syscoin – Unhandled Exception in RLP Constructor

16 Feb 2020 10 minute read 0 comments art_of_bug

Nice to see you again. Today we are back to Syscoin. Previously we have published two submissions to the bounty related to the implementation of Sysethereum bridge. Today we present a vulnerability that we found before working on the mentioned bounty...

Keeping your Wallet & Coins Safe: Tools and Tasks for Syscoin and Other Coins

11 Feb 2020 4 minute read 8 comments drlove

EXCHANGES AND SAFETY It has been often stated: keeping your coins on exchanges is not recommended. Exchanges have been hacked, closed down, or failed to upgrade when coins fork. Also, wallets on exchanges have been known to be in maintenance for exte...

Media Coverage of the Syscoin-Ethereum Bridge

31 Jan 2020 2 minute read 5 comments drlove

Syscoin successfully launched its bridge to Ethereum on January 28th at block 348'000. What distinguishes the Syscoin Bridge from others interoperability solutions, is that it established a completely trust-less two-way bridge without incurring third...

What Happened To Syscoin Blockmarket?

12 Jan 2020 2 minute read 7 comments drlove

Blockmarket Desktop developed by the Blockchain Foundry, Inc. team on Syscoin Core 2.x and Syscoin 3.x was the first decentralized marketplace with such features as aliases (unique user names), escrow (users could agree to appoint any third party as...

Sys(coin)Ethereum Bridge Goes Mainnet with Blockheight Just Announced!

19 Dec 2019 1 minute read 0 comments drlove

Syscoin Bridge - to and from Ethereum, will go live at block number 348,000, expected approximately January 28th, 2020, giving miners, exchanges and masternode operators and  QT wallet owners ample time to update. The roughly 1800 masternode operator...

Know The Coin: SysCoin Co-Founder, Blockchain Foundry CEO Dan Wasyluk

11 Dec 2019 1 minute read 1 comment ChangeNOW

Hello everyone and welcome to another episode of Know The Coin with ChangeNOW! Today’s guest is Dan Wasyluk - the Co-Founder of Syscoin and CEO of Blockchain Foundry! Join Pauline and Dan, as they discuss Syscoin's mechanism, the state of the crypto...

Syscoin: Something is Coooking - Part II

1 Dec 2019 1 minute read 3 comments drlove

Almost overnight the number of Syscoin masternodes that hovered around 1630 nodes for months suddenly showed an increase to 1795 being enabled, with another 100 masternodes in the pipeline waiting to be enabled (as of 12/1/19). It obviously means som...