Syscoin was founded in 2014 as one of the earlier crowdfunding projects in the blockchain space, and since then it has achieved many notable milestones, including the development of a truly decentralized DAG network, becoming a founding member of the Microsoft Central Organization Identity Foundation and joining 2Tokens as a technology partner. Syscoin provides near-zero cost financial transactions and provides businesses with the infrastructure to securely trade goods, assets, digital certificates and data. Syscoin can be applied to various business types, from eBay traders and high street stores to medical applications, insurance, supply chain logistics, finance and gaming, Syscoin's decentralized network can benefit everyone. Syscoin is now represented by the Syscoin Foundation, which is led by lead core developer Jag Sidhu.

1. Project introduction

Syscoin (SYS for short) is a revolutionary cryptocurrency that provides near-zero-cost financial transactions and provides businesses with an infrastructure for securely trading goods, assets, digital certificates and data. Syscoin's native business-oriented functionality on the blockchain makes it more than just money and transactions, it has the ability to attract a variety of business types, from eBay's traders and high street shops to medical applications, insurance and gaming, Syscoin's decentralization The Internet of Things can benefit everyone.

Project Features:
1. Create a decentralized market through blockchain;
2. Provide data storage;
3. Provide digital verification;< br> 4. Through global merged mining, other scrypt issuances can be guaranteed.

Features

High transaction throughput
Syscoin's unique Z-DAG technology means the network can handle a transaction throughput of 60,158 syscoin platform token transactions per second (TPS) while remaining decentralized and Safety.

Interoperability
With syscoin bridge to build bridges between blockchains, interoperability with other chains has never been easier.

High Security
Syscoin is merge-mined with Bitcoin, and Bitcoin provides syscoin with an extremely strong and secure network.

Low Fees
The fees for trading syscoin platform tokens or assets are very low, making them suitable for a variety of use cases, such as point-of-sale transactions.

App

Point of Sale
The Syscoin protocol enables realistic point-of-sale applications that can be used for in-store transactions or via e-commerce. High-speed, fast settlement of asset transactions through syscoin's proprietary Z-DAG technology means you can enhance your business capabilities.

Some examples of potential use cases include:
Decentralized marketplaces and e-commerce
Game assets and microtransactions
Certificate-backed digital goods
Inventory management and tracking

Create Crypto Tokens
The Syscoin Platform Token (SPT) allows anyone to quickly create their own cryptocurrency tokens on the syscoin platform.

Masternodes
syscoin enhances masternodes with Z-DAG, governance issuance and seniority to provide high transaction throughput.

Zero Confirmation Transactions
Transferring funds or token ownership uses the Z-DAG protocol for near real-time transactions, making it ideal for retail environments.

Scale as your business grows
Syscoin assets have one of the highest transactions per second (TPS) rates in the blockchain space, so your applications can grow with your business growth and expansion. The current TPS rate of Z-DAG has reached 60158, which has been independently verified by a third party. Compared with other blockchain protocols, the syscoin platform has significant advantages.

Technical Overview

Activation of Segregated Witness:
At the end of March 2017, the Systemcoin team successfully launched Segregated Witness and completed the Lightning Network test, becoming one of the few blockchain projects in the currency world that successfully stimulated this technology. After Sycoin activated Segregated Witness, it announced at 4/26 6:43PM PST that it had successfully used the first Lightning Network transaction on the main network.

Lightning Network (Lightning Network) is a decentralized network that utilizes smart contracts to allow participants to pay instantly. The excellence of the Lightning Network is that it can realize a real-time and massive transaction network without trusting the other party or a third party. The SYS system currency has completed isolation verification and lightning payment, paving the way for the release of the blockchain mall. In the future, the web version of the mobile phone can log in to the blockchain mall for shopping.

"Deintermediation" blockchain mall:
In order to develop a blockchain online mall, the SYS team registered and operated Blockchain Foundry in Canada, and is committed to providing enterprises with a secure blockchain infrastructure and consulting services , and develop products based on Syscoin smart contracts, and also provide consulting and development on Ethereum blockchain and Hyperledger blockchain technologies. The team uses blockchain technology to create a "disintermediation", low operating cost, high data security transaction decentralized mall platform, and the unique combination of blockchain services developed on the platform can be realized: distributed transactions, third-party hosting, digital Certificates, encrypted data, Segregated Witness activation, Lightning Network support, multi-signature, alias and identity systems, and full support for Bitcoin and ZCash payment services.

Two. Comments

Syscoin is a blockchain-based cryptocurrency with a suite of smart contracts that are fully tested and built on top of the fully tested Bitcoin scripting system using OP1 to OP16 standard scripting opcodes, which can Represents colored coin transactions, controlled by a hardened layer of distributed consensus logic for each smart contract, while still maintaining backward compatibility with the Bitcoin protocol. These contracts can be combined to form the building blocks of blockchain-based e-commerce solutions.

Syscoin's hardened smart contracts are contrasted with Turing-complete smart contracts, which by definition are not hardened due to the open nature of the underlying scripting language. Compared with traditional e-commerce applications, some commercial enterprises who want to use blockchain technology to improve efficiency and seek security solutions, the best way is to try to use hardened services that cannot be changed, and to pass the reduction test, white box and Black-box testing and adoption of application-specific rules. These businesses also tend to choose the strongest network (currently the Bitcoin network). Syscoin combines both features, making it the best choice for users.

Related links:
https://syscoin.org/
https://info.binance.com/cn/currencies/syscoin
http://www .qukuaiwang.com.cn/szhb/1999.html#jj