- 747,394,570 SYS
- 747,394,570 SYS
Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure.
What Is Syscoin (SYS)?
Developed as a fork of Bitcoin in 2014, Syscoin (SYS) combines the best features of Bitcoin (BTC) and Ethereum (ETH). The blockchain network leverages Bitcoin’s Proof of Work (PoW) consensus algorithm for security and immutability, and Ethereum Virtual Machine (EVM) for smart contract functionality.
Syscoin is designed to support the future of smart contracts within Metaverse, IoT, Smart Cities, and future interplanetary economies. Syscoin's roadmap includes implementation of ZK-Rollups, Optimistic Rollups, Validium, and DAOSYS which is a new kind of DAO that aims to provide governance-free treasury management and self-sovereignty for all participants.
Syscoin envisions societies with extraordinary levels of financial inclusion and worlds in which every person and business has freedom to benefit from Web3 and beyond. It aims to bring the capabilities of Ethereum and Satoshi Nakamoto's initial concept for Bitcoin to Syscoin to open up new possibilities for a decentralized future.
The protocol offers its own version of EVM, known as Network Enhanced Virtual Machine (NEVM). This allows it to support Ethereum-compatible smart contracts and rollups on its network while giving developers the freedom to deploy or migrate secure and decentralized Web3 applications on Syscoin. Furthermore, Syscoin features other layer-2 solutions like Z-DAG and the Syscoin Bridge to enhance scalability, interoperability and performance.