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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.
2 Apr 2019 4 minute read 3 comments Syscoin
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...
27 Mar 2019 1 minute read 0 comments Syscoin
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...
12 Mar 2019 2 minute read 7 comments drluv
The growing adoption of public blockchain projects is reflected by the steadily increasing number of exchanges offering services. Newcomers seeking to invest in a particular project (aka coin) face a time consuming task, as the number of exchanges th...
6 Mar 2019 1 minute read 0 comments Syscoin
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...
26 Feb 2019 2 minute read 1 comment Syscoin
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! Syscoi...
21 Feb 2019 9 minute read 0 comments Syscoin
The Evolution of Syscoin Syscoin is developed as a protocol that enables a set of business components rooted on the blockchain. Organizations can leverage the value proposition offered by the cutting edge distributed ledger technology of Syscoi...
21 Feb 2019 1 minute read 0 comments Syscoin
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! Syscoi...
21 Feb 2019 3 minute read 0 comments Syscoin
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! Syscoi...
23 Feb 2022 1 minute read 0 comments kingscrown
27 Jan 2022 1 minute read 2 comments LeftFooted
The internet is awash with website called 'faucet-something' and even though most of them are a dud, I'm willing to give each and every one them a shot. One day, as I was randomly reading some of the posts here on Publish0x, I found a link to FaucetC...
