SYS

SYS

Syscoin
$0.060596
-2.75%
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  • Market Cap
    $33,438,889
  • 24h Vol (Global)
    ฿59 ($312,342)
  • Circulating Supply
    551,832,710
  • Issue Date
    2014-04-27
  • Issue Price
    $0.001000
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
888,000,000551,832,7102014-04-27$0.001000POW1
chainz.cryptoid.info
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
551,832,710SHA256 (BTC Merge Mined)https://github.com/syscoin/https://syscoin.orgCOIN

Syscoin is a permissionless blockchain-based cryptocurrency with a set of smart contracts which have been thoroughly tested and built on the Bitcoin scripting system using OP1 to OP16 standard script op-codes, representing coloured coin transactions, controlled by a hardened layer of distributed consensus logic for each smart contract (Syscoin service) while still retaining backwards compatibility with the Bitcoin protocol. These contracts can be combined to form building blocks for blockchain-based e-commerce solutions. Syscoin's hardened smart contracts are in contrast to turing-complete smart contracts, which, by definition, are not hardened due to the open-ended nature of the underlying scripting language. Commercial integrators who are looking for a secure solution to leverage the increased efficiency that blockchain technology allows compared with traditional e-commerce applications are better off trying to use a hardened service which cannot change and is well-tested with regression testing, white box, and black box testing, specifically targeting rules of the application. Integrators are also inclined to choose the most powerful network available (currently Bitcoin with which Syscoin is merge mined). Syscoin combines both of these features, making it a compelling choice of network for end users.

Teams
    Dan Wasyluk

    Dan Wasyluk

    Co-Founder & Developer

    Dan Wasyluk is the CEO of Blockchain Foundry and co-founder of the Syscoin project, a decentralized cryptocurrency. Dan first became involved with blockchain technology in 2013. In August 2014 he helped launch the Syscoin public blockchain. Dan is an entrepreneur with a rich technical background, and holds a Bachelor of Science from the Rochester Institute of Technology, has over 15 years of enterprise software development experience, and has helped found multiple technology based companies.

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    Sebastien Schepis

    Sebastien Schepis

    Co-Founder & Developer

    Sebastian Schepis, is a blockchain guru and entrepreneur. Currently CIO of Blockchain Foundry Inc. and creator of Syscoin. Sebastian brings over 25 years of software development and consulting experience and has a track record of success. In 2014, he created the Syscoin project, a public blockchain and cryptocurrency envisioned to power decentralized marketplaces and other applications. This vision was brought to life in 2018 with Blockmarket Desktop. A system now owned by Blockchain Foundry. Prior to co-founding Blockchain Foundry in 2017, Sebastian was in the business consulting space as the technical practice director at Figur8, a premier Salesforce consulting services provider. During his time there he oversaw the development of software systems for organizations spanning various industries and functional departments.

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    Jag Sidhu

    Jag Sidhu

    Developer

    Jag Sidhu is the CTO of Blockchain Foundry and a co-founder and current lead developer of the Syscoin project, a decentralized cryptocurrency. As an expert in blockchain technology, he is credited as the creator of Syscoin’s unique Z-DAG (Zero Confirmation Directed Acyclic Graph) protocol, which prevents double-spend events. Jag has nearly 20 years of software development experience. He also specializes in machine learning, artificial intelligence, client/server development, and distributed systems. Jag holds a Bachelors of Technology, Computer Science, from the British Columbia Institute of Technology.

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ICO
ICO Date
ICO Raised DateNaN-NaN-NaN
ICO end date2014-08-16
ICO Supply Amount
ICO Token/Coin Supply200000000 SYS
Hardcap- USDT
Softcap- USDT
Supply Change
Total Supply Change Before ICO- SYS
Total Supply Change After ICO- SYS
ICO Amount
ICO price0.00000518 BTC
Actual Fundraising1500 BTC
AcceptingBTC
Introduction

Syscoin is a permissionless blockchain-based cryptocurrency with a set of smart contracts which have been thoroughly tested and built on the Bitcoin scripting system using OP1 to OP16 standard script op-codes, representing coloured coin transactions, controlled by a hardened layer of distributed consensus logic for each smart contract (Syscoin service) while still retaining backwards compatibility with the Bitcoin protocol. These contracts can be combined to form building blocks for blockchain-based e-commerce solutions. Syscoin's hardened smart contracts are in contrast to turing-complete smart contracts, which, by definition, are not hardened due to the open-ended nature of the underlying scripting language. Commercial integrators who are looking for a secure solution to leverage the increased efficiency that blockchain technology allows compared with traditional e-commerce applications are better off trying to use a hardened service which cannot change and is well-tested with regression testing, white box, and black box testing, specifically targeting rules of the application. Integrators are also inclined to choose the most powerful network available (currently Bitcoin with which Syscoin is merge mined). Syscoin combines both of these features, making it a compelling choice of network for end users.

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