Syscoin Masternode Details


Syscoin (SYS)

Syscoin (SYS)

Syscoin Platform is Business on the Blockchain. As well as a cryptocurrency, Syscoin (SYS) is meant to be a global network, a distributed ledger, a decentralized database and a blockchain. Aiming to help developers to create and implement decentralized applications as well as enabling the development of custom decentralized marketplaces. Originally launched in late 2014 and created through a Bitcoin fork, the current version brings us to Syscoin 2.1 and has an algorithm that allows it to be merge-mined with Bitcoin. Merge mining is simply the ability for miners to simultaneously mine two different cryptocurrencies based on the same algorithm.

The project attempts to remove the middleman and put money directly back into merchants/consumers hands, eliminating hefty fees currently charged by big corporations like Amazon and eBay. To facilitate near-zero fee transactions, you can use its native cryptocurrency, Syscoin (SYS), to pay for goods on the marketplace.



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