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.


BlockchainFoundry Corporate Update: DeFi Strategy, Enterprise Development Initiatives and New Customer Acquisitions

5 Mar 2021 5 minute read 4 comments drluv

Blockchain Foundry (BCF) Inc. was founded in 2016 by the development team responsible for creating the Syscoin protocol in 2014. The team recognized the opportunity to productize the benefits blockchain technology presented for use by both businesses...

SYSCOIN: The Road Ahead with Smart Contracts and zkRollups

27 Feb 2021 2 minute read 11 comments drluv

The imminent release of Syscoin LUX will introduce the world’s first decentralized and native RC (regulatory compliance) token platform. Given the current "Wild West" nature of the blockchain ecosystem, regulatory compliance has become a necessity to...

Masternode Surge: Suddenly 40% of Syscoins are Locked in Masternodes!

17 Feb 2021 2 minute read 13 comments drluv

Overnight and seemingly out of nowhere the number of Syscoin masternodes increased by 240 to an ATH, more than 10% of the previous number. It obviously means that a party that had accumulated Syscoin for some time decided it was time to get some rewa...

Where To Buy Syscoin?

11 Feb 2021 3 minute read 6 comments StealthEX

Originally published in the StealthEX Blog If you are looking for where to buy Syscoin, we will show you how to buy SYS coin for another cryptocurrency using the StealthEX exchange platform. StealthEX is a convenient and user-friendly cryptocurrency...

Syscoin 4.2. Testnet goes Live: NFTs, On-chain Compliance tools are coming!

11 Feb 2021 4 minute read 5 comments drluv

After a year of development and months of system testing, we are ready to move our latest version, Syscoin 4.2, to the beta testing stage. We invite end-users to trial the new system and alert us to any bugs. You can find everything you need to begin...

NFTs on Syscoin 4.2.! AMA Recap w/ JagSidhu by DEFINFTsApesChat

5 Feb 2021 13 minute read 3 comments drluv

The following is a RECAP of a recent AMA conducted by https://definftsapes.medium.com on @DEFINFTsApesChat  telegram chat with Syscoin core dev @sidhujag and is reposted by permission of Jagdeep Sidhu! The recap is very clear and comprehensive and y...

Syscoin Introducing An NFT Platform Like No Other

28 Jan 2021 3 minute read 4 comments drluv

  We’re always looking for new ways to further enhance Syscoin as the blockchain platform of choice for real money, crypto assets, and blazing-fast scalable token payments. The upcoming non-custodial Business Rulesets and Notary capabilities on their...

Syscoin to be in the Limelight as Govt Agency OKs Stablecoins

7 Jan 2021 2 minute read 4 comments drluv

It is quite amazing to appreciate the foresight of the Syscoin development team had to not only focus on interoperability (Syscoin-Ethereum permissionless bridge), and level-2 masternodes providing scalability (zdag) in excess of 60K tps in realistic...

Syscoin: Regulatory Compliance in a Decentralized Ecosystem

5 Jan 2021 5 minute read 7 comments drluv

Syscoin's view of regulatory compliance has always been more than simply serving proof for the tax collector, or minimizing illicit use of the technology. It means ensuring that development leads to the adoption of industry standards and effective gu...

Syscoin Tidbits: XRP's Regulatory Mess & Syscoin's Compliance Solution with 4.2.

27 Dec 2020 2 minute read 20 comments drluv

There can be no question that regulatory requirements are on the rise - particularly relating to stablecoins and those determined to have investment character rather than being considered having utility token characteristics. In fact, the current alt...