Syscoin (SYS)

22 Articles 2 Followers

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.


QT Wallets - Could Someone Hack My Wallet.dat File?

13 Sep 2019 2 minute read drlove $3.61 tipped

I was looking forward to the trip as I had just recovered from a fracture that kept me bed-ridden for two months. After ten hours of driving  I made my first stop at a border town to Laos, my intended destination. The next morning I was ready to boot...

Syscoin Platform: Something is Cooking!

29 Aug 2019 1 minute read drlove $5.86 tipped

There are some major development milestones ahead coming with Syscoin, but you won't find the Syscoin team hyping it in advance as is typically common in the crypto space. The Syscoin team tends to develop fully functional leading-edge development as...

Syscoin Hack Ethereum Bridge Bounty - The Cut Off Problem

14 Aug 2019 16 minute read art_of_bug $1.48 tipped

Welcome back. Hacking production chains a.k.a. mainnets is the most fun, but when incentives allow, exploring testnets can be fun too. The following is our first submission to the hack the Syscoin's Ethereum bridge bounty (do follow this link also to...

Syscoin 4.0 Hardfork Launch Date Confirmed: The Countdown is On!

2 Jun 2019 1 minute read drlove $1.34 tipped

June 4th confirmed: Release Date & Block Number The Syscoin Platform development team has confirmed the previously announced date of June 4th, 2019! As block times vary (usually between 55–65 seconds per block), the block number has been slightly adj...

3rd Party Testing Results for the SYSCOIN Blockchain are finally in.... See you later VISA!

23 May 2019 1 minute read drlove $0.94 tipped

The eagerly awaited test results for the Syscoin blockchain with its patent-pending Z-DAG technology are in! The Syscoin blockchain was processing an astounding 60152 TPS (transactions per second), more than double than those of the current top payme...

Syscoin 4- The Speed of Visa, the Functionality of Ethereum, the Security of Bitcoin, plus the Governance of Dash!

19 May 2019 1 minute read drlove $0.78 tipped

Many blockchain projects have speculated about their theoretical transaction speed, also known as TPS (transactions per seconds) that they plan to achieve – just a few have actually implemented any of their claims on their mainnet, and even fewer hav...

Syscoin Weekly Update #47

30 Apr 2019 3 minute read Syscoin $0.73 tipped

This weekly update is written by the community for the community, to bring you all the latest Syscoin, Blockchain Foundry and SCMT news! Weekly updates, other articles and a lot more can also be found on the new syscoin.community website!   Syscoin...

Syscoin - Create Your Own Cryptocurrency For Your Business

30 Apr 2019 3 minute read fycee $1.42 tipped

Large-scale companies, Medium Enterprise Businesses or even just having an E-Commerce site can now start having their own cryptocurrency for payments. The platform offers a customized solution for all your business processes such as database, decentr...

Block Height # for Syscoin 4 Hardfork just Announced - and it is Sooner than Expected!

29 Apr 2019 1 minute read drlove $0.68 tipped

The target block height # for the SYSCOIN4 fork is 548,662 which should occur roughly on Tuesday,June 4, 2019, 12PM, PST, was revealed by the development team today, pending final updates due to block mining variability. While the release was origina...

Syscoin Weekly Update #46

24 Apr 2019 1 minute read Syscoin $0.55 tipped

This weekly update is written by the community for the community, to bring you all the latest Syscoin, Blockchain Foundry and SCMT news! Weekly updates, other articles and a lot more can also be found on the new syscoin.community website! Syscoin an...