What is Syscoin?

"Syscoin is a revolutionary cryptocurrency that offers near zero cost financial transactions like Bitcoin and provides businesses 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 geared towards the financial sector. From eBay traders and High Street shops to selling that one last item that you couldn’t even give away at your garage sale, Syscoin’s decentralized network benefits everyone!

Unlike other cryptocurrencies, Syscoin’s intrinsic value is derived from the decentralized services it provides directly on the blockchain. The blockchain 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 virtual currency exchanges."

- Syscoin.org
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General

TICKER SYMBOLS
SYS
AGE
5 years old (August 16, 2014)
ICO / CROWDSALE
July 19, 2014 @ 07:00 PM - August 16, 2014 @ 07:00 PM
CURRENT PRICE
$0.03097
Updated 2 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$0.969414
2 years ago
CIRCULATING SUPPLY
558,133,076.65 coins
Updated 2 minutes ago via coingecko.com
MARKET CAP
$17,285,429
Updated 4 minutes ago
CREATOR
Sebastian Schepis

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (888,000,000 coins)
PRE-MINED / RESERVED
Yes (159,840,000 coins)
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
1m
CURRENT BLOCK REWARD
128 coins
HASHING ALGORITHM
SHA-256
DIFFICULTY ADJUSTMENT
Every block (~1 minute)

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