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Syscoin (SYS) is the 287th largest cryptocurrency in the world by market cap, valued at $117,995,002. The current price of Syscoin is $0.1737, which is 5.529% higher than yesterday. Prices have ranged between $0.174329 and $0.15929 over the past 24 hours. All prices are listed in US dollars and accurate as of February 06, 2023 11:02 UTC.
Syscoin is a blockchain platform intended to create applications that utilise the renowned safety and decentralized nature of Bitcoin. The network uses Zero-Confirmation Directed Acyclic Graph (Z-DAG) and a large number of masternodes to ensure the blockchain’s scalability and high transactions per second (having recorded a TPS of over 60,000).
Syscoin originally began as one of the first-ever decentralized marketplaces hosted on the blockchain, but it has since expanded into having much broader potential applications. The platform allows for the deployment of smart contracts, which provides e-commerce blockchain solutions for businesses. Users can also mint their own coins on the Syscoin network. For the most part though, Syscoin provides blockchain customers with access to thousands of items on a decentralized marketplace with fast payments and low transaction fees.
SYS is the native token of the Syscoin protocol and operates as a utility token and digital currency.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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