Syscoin Sys Price USD

Syscoin is a smart contract platform that supports a cutting-edge Web 3.0 ecosystem with very low fees, decentralised Layer-1 security, and Layer-2 scalability that provides economies of scale through Rollups. Syscoin is made to support the future of smart contracts in the Metaverse, IoT, Smart Cities, and future interplanetary economies. Syscoin's roadmap includes implementing ZK-Rollups, Optimistic Rollups, Validium, and DAOSYS, which is a new type of DAO that aims to give all participants self-sovereignty and treasury management without governance.

Syscoin helps smart contracts and Rollups by using Bitcoin's Proof of Work and network of miners through merged-mining to secure transactions. Syscoin also gives Finality in the form of chainlocks, which are served by quorums of incentivized full nodes (masternodes). This Finality makes Defi safer by removing the risks of 51% attacks and long range miner extractable value (MEV) attacks, which Ethereum is still vulnerable to, while keeping the proven Nakamoto consensus and Proof of Work.

Syscoin has a rollup-centered architecture with two chains. This is a blockchain built on Ethereum called Network Enhanced Virtual Machine (NEVM). It will be released on December 6, 2021, and it will work with any smart contracts or Rollups built for Ethereum. Syscoin Core or Syscoin Main is the name of the other blockchain. It is a Bitcoin-based blockchain with an asset layer that supports both Fungible and Non-Fungible tokens, taproot, a proprietary DAG protocol called Z-DAG, and more.

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