SYSCOIN - the decentralized network for everyone
Syscoin is a revolutionary cryptocurrency that offers near zero-cost financial transactions and provides businesses with the infrastructure to trade goods, assets, digital certificates and data securely.
Syscoin isn’t just about money and trading, it has the ability to attract all business types thanks to its native set of features. Blockmaket on Syscoin – the first fully-functioning, decentralized marketplace on blockchain allows anyone and anywhere to offer goods and services, providing escrow to secure transaction and price pegging to adjust for fluctuations.
The ability to create assets, tokens, certificates with ease and almost zero costs, opens the door for every organization, be it profit or non-profit, in healthcare, any membership organization and others, to create reward points, or to verify accomplishments and more.
Unlike other cryptocurrencies, Syscoin’s intrinsic value derives from the decentralized services it provides directly on the blockchain that powers all Syscoin services. It is a decentralized system of record hosted by a series of “nodes” on the Syscoin network. Syscoin trades under the symbol SYS in most reputable currency exchanges.
The Syscoin Blockchain
Syscoin is a merge-minable SHA256 coin which provides an array of useful services which leverage the bitcoin protocol and blockchain technology.
- 1 minute block targets, diff retarget each block using Dark Gravity Wave(24)
- 888 million total coins (deflation 5 percent per year, deflation on all payouts)
- Block time: 60 seconds target
- Rewards: 38.5 Syscoins per block deflated 5 percent per year.
- 10 percent to governance proposals (3.85 Syscoins / block).
- 22.5 percent to miner (8.6625 Syscoins / block)
- 67.5 percent to masternode (25.9875 Syscoins / block)
- SHA256 Proof of Work
- Mineable either exclusively or via merge-mining any SHA256 PoW coin
- Syscoin data service fees burned
- Masternode collateral requirement: 100000 Syscoins
- Masternode seniority: 3 percent every 4 months until 27 percent over 3 years
- Governance proposals payout schedule: every month
- Governance funding per round (168630 Syscoins per month)
- Hybrid layer 2 PoW/PoS consensus with bonded validator system (masternodes)
- Decentralized governance (blockchain pays for work via proposals and masternode votes)
- Decentralized identity reservation, ownership, and exchange
- Digital certificate storage, ownership, and exchange
- Distributed marketplace and exchange
- Digital services provider marketplace and platform
- Digital asset creation and management
- Decentralized escrow service
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