SysCoin (SYS) is a peer to peer electronic cash system which was built mainly for business application. It is one of the most diversified coins around presently. It is a decentralized database and a Blockchain; SysCoin is a global network and a distributed ledger.
SysCoin was officially launched in 2014, and it was created through Bitfork. Presently the cryptographic project is on version 3.0 with an algorithm that allows it to be mined together with Bitcoin owning to the fact that they are using the same algorithm.
SysCoin primary goal is to enrich customers and get rid of the so-called middlemen that stylishly extort customers. SysCoin (SYS) sorts to eliminate the huge fees being charged by big corporations and build a near-zero fee transaction.
The Cryptocurrency is perfect for payment of goods and services; you can sell anything you wish starting from the household material, to cars even for paying for services rendered.
The Key Features Of SysCoin (SYS)
Here are some of the features of SysCoin that should encourage you to use it:
- It operates on a near-zero transaction fee.
- You can resell other peoples product in your personal store or allow others to sell your product and still receive a commission.
- It is a decentralized marketplace with unlimited inventory items.
SysCoin (SYS) supports digital certificates. With SysCoin, you can issues, authenticate, authorize and exchange digital assets containing private information like gift cards, license and registration keys.
Some markets require one to leave their computer open to keep their listing up; Syscoin, on the other hand, has no downtime which means that they have 100% uptime.
SysCoin (SYS) makes use of Escrow service, and this ensures that the terms of the agreement of a trade are reached before buyer release payment for the seller. In Escrow, a buyer creates an Escrow for goods and services, merchants then transfer the needed products and services to the buyer. Upon receiving goods, the buyer releases the Escrow payment to the merchant.
The presence of an e-mail like messaging function to communicate with people on the SysCoin network make it another great option for use.
Two Added Features Under Syscoin’s (SYS) Latest Version
Over time, SysCoin (SYS) has kept working to make sure you get the best out of their Cryptocurrency; recently these two features were added:
The indexing service is a service designed to provide a fast, data extraction experience and powerful search. Indexing helps in speeding up and enhancing searches by syncing data from their Blockchain and other sources and then indexing it in a local database.
When running the indexer as a background service, it will become straightforward to search for information quickly; one can also quickly filter and change data.
Price Pegging Service
SysCoin (SYS) also designed a price pegging service which helps in providing fast access to exchange and conversion rate for the currencies presently supported by the Blockchain.
In the quest to ensure that users receive a fair rate, and for developers to customize user experience which will assist in keeping transaction detail for further queries, the price pegging service average exchange rates across several exchanges like Binance, Poloniex, etc.
This function allows either spot pricing (pricing on a regular interval and percentage movement from the current value) or moving average (pricing based on the arbitrary number of days).
Where Can You Buy SysCoin (SYS)
Based on the popularity of this coin, it is found on top exchanges like Poloniex and Bittrex. On the other hand, you can buy Bitcoin or Ethereum and then deposit it into the wallets mentioned earlier to complete your purchase of SysCoin (SYS).
Where Can You Store SysCoin (SYS)?
Cryptocurrencies are saved in wallets; hence you can download the wallets for either Mac or your Windows operating system on SysCoin WEBSITE. If you prefer using the wallet on your mobile device, download Coinnomi mobile wallet. Due to high risk of hack, it is advisable not to leave your Cryptocurrencies on exchanges.
One will only keep marvelling at the fact that SysCoin (SYS) delivers at a very fast speed with a near zero transaction fee. It is one of the cheapest Cryptocurrencies around.
Thanks to the team behind the design that keeps working to ensure a safe transaction, fast transaction, and fast transaction. Things will only get better; plans are on way to improve their services with SYSCOIN4.0.