What is Syscoin (SYS)
Syscoin is a cryptocurrency and blockchain development platform. The developers a currently upgrading the system and introducing new features in their Syscoin 3.0. solution. The Syscoin platform supports multiple decentralized marketplaces and offers the following functionality: price pegging to fiat and BTC, arbitrated escrow, encrypted messaging, etc. The solution also envisages a tokenization layer that enables users to develop their own tokens. Additionally, Syscoin will have two consensus layers, Proof of Work and Proof of Stake.
Syscoin 3.0 is an exciting new upgrade from the popular Syscoin 2.0 platform. This whitepaper summary showcases what is possible on the Syscoin 3.0 platform and details on existing features. Syscoin 3.0 now includes advanced decentralized marketplace features for added scalability and versatility, the addition of an assets and token infrastructure to serve unlimited new use cases and projects, a highspeed transaction scheme for instant payments and token transfers, and a masternode layer for a hybrid Proof of Work/Proof of Stake model, which brings two layers of security against double-spends.