All Cryptos > Syscoin (SYS)
Syscoin is a cryptocurrency that enables instant payments to anyone in the world, regardless of location. Like all alt-coins, Syscoin uses peer-to-peer technology to operate without any central authority. Released under the MIT license, Syscoin has grown to become a blockchain protocol, built off bitcoin's but extending its capabilities, that offers complete solutions to a robust user base comprising individual developers and corporations. Blockchain Foundry, the company behind Syscoin, has since released Blockmarket, one of the first fully working decentralized marketplaces and the first one built entirely on the blockchain, where syscoin, among other cryptocurrencies, is acceptable tender. Syscoin currently trades on multiple digital asset exchanges.
Syscoin's platform aims to build a decentralized marketplace for goods of all kinds. Similar to Ebay and Amazon, but completely independent, because there is no middlemen and it is very cheap
he Syscoin cryptocurrency will be one of the possible means of payment on the blockchain.
Because Syscoin addresses are compatible with ZCash transparent addresses they can offer ZCash support with complete multisignature compatibility
Bitcoin and Zcash are also accepted on the platform
The Syscoin Blockmarket Wallet wants to be very user-friendly and score points with a tidy and clear interface
The Syscoin development is not yet completed, but already gives some idea of potential.
Although the developers have written decentralization on the flag, at the same time their own blockchain is not open-source, so not completely transparent
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