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Syscoin Stock

Syscoin

SYS

Price

0.03
Today +/-
+0
Today %
+0 %

Syscoin Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BinanceSYS/USDT0.0433,975.3455,200.981.47 M0.01cex5177/9/2025, 6:23 AM
MEXCSYS/USDT0.0427,102.3857,903.68900,206.140.03cex4727/9/2025, 6:18 AM
XXKKSYS/USDT0.0423,243.9218,352.8894,627.620.06cex357/9/2025, 6:21 AM
HTXSYS/USDT0.041,143.9519,333.02825,184.070.04cex3137/9/2025, 6:23 AM
BYDFiSYS/USDT0.04758.141,656.31729,681.130.5cex347/9/2025, 6:21 AM
LBankSYS/USDT0.043,323.227,774.18708,051.950.04cex2617/9/2025, 6:21 AM
GateSYS/USDT0.0429,112.6830,140.4296,312.730.01cex4427/9/2025, 6:23 AM
SuperExSYS/USDT0.040.78.72225,260.410cex17/9/2025, 6:18 AM
Nonkyc.io ExchangeSYS/USDT0.041,381.831,425.65165,6090.52cex1567/9/2025, 6:21 AM
BitKanSYS/USDT0.0420,340.9238,932.3128,155.460.08cex3187/9/2025, 6:24 AM
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Syscoin FAQ

Who Founded Syscoin?

Syscoin was established in 2014 by Sebastian Schepis, who is one of the co-founders of the company responsible for creating what eventually became the Oracle Project Manager, an enterprise management system. Following the success of Project Manager, Sebastian went on to provide consultancy services for major corporations such as Lockheed-Martin, Bank of America, General Dynamics, Verizon Wireless, and several others. Currently, Syscoin is an open-source project overseen by the non-profit Syscoin Foundation. The foundation's board includes Jagdeep Sidhu, who serves as the Foundation President and Lead Developer, and Michiel Näring, the Vice President of the Syscoin Foundation. SYS Labs, a private enterprise, spearheads the development of key applications and systems built on the Syscoin platform. Their projects include Rollux (OPStack L2), SuperDapp, Pegasys DAO (a decentralized exchange), and Luxy (an NFT marketplace).

What Distinguishes Syscoin as Unique?

Syscoin uniquely integrates the most robust elements of Bitcoin and Ethereum within a unified platform. Its layer 1 consensus is rooted in Bitcoin's SHA-256 PoW model, enabling merged mining with Bitcoin. This allows miners to mine both BTC and SYS simultaneously at no additional cost. When comparing Syscoin's hashrate to Bitcoin's, it typically reflects that over 50% of Bitcoin's hashrate also mines Syscoin, supported by several prominent Bitcoin pools. Syscoin enhances decentralized finality atop the Nakamoto consensus, effectively mitigating the risks associated with 51% attacks typically linked with PoW while maintaining the fundamental Nakamoto consensus. Additionally, Syscoin is a modular layer 1 that accommodates both optimistic and ZK rollups, offering them a cost-effective, censorship-resistant data availability service known as PoDA. The first layer 2 constructed on Syscoin is Rollux, a fork of Optimism and an EVM-equivalent optimistic rollup launched by SYS Labs on June 28, 2023. Rollux is the main growth area for Syscoin's ecosystem, providing scalability with swift and low-cost user experiences. In summary, Syscoin's current technology effectively delivers what Ethereum aims to achieve in the future with its modular roadmap, including data availability, while preserving Bitcoin's Proof-of-Work. The network employs incentivized full nodes (masternodes) to facilitate multi-quorum chainlocks for finality. For detailed information on the incentives and requirements for operating a Syscoin masternode, visit sysnode.info. Regarding Syscoin's overall layer 1 architecture, it is dual-chain with a modular, rollup-centric design. This architecture comprises an Ethereum-based blockchain named Network Enhanced Virtual Machine (NEVM), launched on December 6, 2021, which is compatible with any smart contracts or rollups created for Ethereum. The second component, Syscoin UTXO or "Syscoin Native", is a Bitcoin-based blockchain supporting taproot, data availability, a token platform accommodating ordinals, both fungible and non-fungible tokens, a proprietary DAG protocol known as Z-DAG, among other features. This architecture empowers users and developers to harness the strengths of each "gold standard" model (Bitcoin and Ethereum), fostering new synergies between them, such as PoDA, when beneficial. Both Syscoin blockchains, along with Rollux, utilize SYS as their native currency. SYS is a utility-focused coin based on EIP-1559. SYS holders can transfer SYS between these chains via the Syscoin Bridge and the Rollux Portal.

What is the Circulating Supply of Syscoin (SYS)?

Syscoin (SYS) serves as the indigenous token for the Syscoin platform. Its tokenomics adopt Ethereum’s EIP-1559 proposal, featuring an unlimited maximum supply. The supply of SYS is regulated through protocol emission and the deflationary burning of transaction fees. As of the latest update, Syscoin’s circulating supply stood at 751,391,717 SYS.

Where Can Syscoin (SYS) Tokens Be Purchased?

Syscoin is available for purchase and trading on a variety of cryptocurrency exchanges, such as Binance, MEXC Global, KuCoin, Bitmart, Huobi, and Gate.io. Interested in monitoring live SYS prices? Download the Eulerpool mobile app.

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Pali Wallet is Syscoin's proprietary Web3 wallet, designed to be open-source, self-custodial, and compatible with multiple blockchain networks. It is accessible as a browser plugin via the Chrome Store and can be downloaded for mobile devices from Google Play and the Apple App Store. Syscoin offers a comprehensive selection of wallets, including mobile, browser, desktop, and hardware wallets. In addition to Pali, Syscoin is compatible with Metamask, Klever Wallet, among others. Syscoin primarily endorses the Pali Wallet browser extension as it supports all Syscoin networks (UTXO, NEVM, and Rollux) and delivers a seamless user experience. In contrast, other wallets may have limited compatibility with Syscoin chains. For instance, Metamask only supports Syscoin NEVM and Rollux.

Investors interested in Syscoin are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.