$SYS
Syscoin (SYS) is a cryptocurrency that combines the security of Bitcoin's blockchain with the functionality of Ethereum-based smart contracts. It uses a unique, merged-mined Proof of Work (PoW) system, allowing Bitcoin miners to secure both Bitcoin and Syscoin transactions without additional costs.
Launched in 2014, Syscoin provides a platform for businesses and individuals to trade assets securely and affordably. It features a range of services, including the ability to create custom tokens (Syscoin Platform Tokens, or SPTs), fast transactions using the Z-DAG protocol, and decentralized marketplaces.
Syscoin supports a hybrid of decentralized and centralized market models, enabling secure transactions for goods, digital certificates, and more. It also offers enhanced privacy through Zcash integration for private payments.
The native SYS token is used for transaction fees within the network, and Syscoin’s blockchain features smart contract capabilities via its Network-Enhanced Virtual Machine (NEVM), providing developers with the flexibility of Ethereum’s ecosystem.
As of December 2024, the price of Syscoin is around $0.15 per SYS, with a market capitalization of approximately $124 million.
