About Syscoin
Syscoin (SYS) is a cryptocurrency launched in 2014. Users are able to generate SYS through the process of mining. Syscoin has a current supply of 805,202,127.5870104. The last known price of Syscoin is 0.04632445 USD and is up 4.71 over the last 24 hours. It is currently trading on 87 active market(s) with $3,653,995.10 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
$36,668,294.54
FDV
Not enough data
Circulating Supply
813,139,208.105 SYS
Max Supply
Not enough data
Total Supply
813,139,208.105 SYS
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$2,546,923.45
-0.22%
Volume (7D)
$15,911,849.67
Volume (30D)
$59,400,487.16
All time high
$1.25
Overall Price Change (1Y)
-0.79%
Additional info about Syscoin
Recent trends
The price of Syscoin has increased by 1.87% in the last hour and decreased by 3.63% in the past 24 hours. Syscoin’s price has also risen by 14.27% in the past week. The current price is $0.0451 per SYS with a 24-hour trading volume of $2.55M. Currently, Syscoin is valued at 96.37% below its all time high of $1.25. This all-time high was the highest price paid for Syscoin since its launch. The current circulating supply of Syscoin is 813,139,208.105 SYS which means that Syscoin has as total market cap of $36,668,294.54.
Market details
SYS vs markets
↘ 83.7%
SYS vs BTC
↘ 85.83%
SYS vs ETH
↘ 62.39%
Tags
mineable
pow
platform
enterprise-solutions
+7
Network & Addresses
Network | Address |
|---|
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0451 | ↘ 3.74% |
1 Day | $0.0468 | ↘ 3.63% |
1 Week | $0.0395 | ↗ 14.27% |
1 Month | $0.0493 | ↘ 8.62% |
1 Year | $0.22 | ↘ 79.23% |
FAQ
Syscoin (SYS) is an open-source blockchain platform that strives to combine the robust elements of Bitcoin and Ethereum into a single, unified system. Launched in 2014, Syscoin is designed to provide a low-cost, scalable, and censorship-resistant data availability service known as PoDA. The platform's unique feature is its ability to allow miners to simultaneously mine both Bitcoin and Syscoin at no extra cost, effectively eliminating the risks of 51% attacks associated with Proof-of-Work (PoW) systems. Syscoin's architecture is dual-chain, consisting of an Ethereum-based blockchain called Network Enhanced Virtual Machine (NEVM) and a Bitcoin-based blockchain called Syscoin UTXO. This architecture aims to enable users and developers to leverage the strengths of both Bitcoin and Ethereum, creating new synergies between them.
Syscoin operates on a dual-chain architecture, with one chain based on Bitcoin's SHA-256 PoW model and the other on Ethereum's smart contract capabilities. This unique structure aims to offer the security of Bitcoin's consensus model and the flexibility of Ethereum's smart contracts. Syscoin's layer 1 consensus allows merged mining with Bitcoin, meaning miners can mine both Bitcoin and Syscoin simultaneously at no extra cost. Syscoin also provides decentralized finality on top of Nakamoto consensus, effectively eliminating the risks of 51% attacks. The platform utilizes incentivized full nodes, known as masternodes, to serve multi-quorum chainlocks for finality. Syscoin's native coin, SYS, is utility-focused and based on EIP-1559, and can be transferred between chains via the Syscoin Bridge and the Rollux Portal.
Syscoin aims to provide a platform that is suitable for a wide range of applications. Its dual-chain architecture makes it suitable for both simple value transfers and complex, Turing-complete computations. Syscoin's compatibility with Ethereum's smart contracts and rollups aims to make it a potential platform for decentralized applications (dApps), including those in the DeFi space. The platform's scalability and user experience aim to make it a potential solution for applications that require high transaction throughput, such as gaming and metaverse applications. Syscoin's opt-in compliance features also aim to make it a potential platform for projects that require regulatory compliance for their asset's transactions.
Syscoin was created in 2014 by Sebastian Schepis, a co-founder of the company that developed the Oracle Project Manager. Following the success of Project Manager, Sebastian consulted for large corporations. Today, Syscoin is led by the non-profit Syscoin Foundation, with board members including Jagdeep Sidhu, the Foundation President and Lead developer, and Michiel Näring, the Syscoin Foundation Vice President. The development of Syscoin's flagship apps and systems is led by SYS Labs. Syscoin's first layer 2, a fork of Optimism called Rollux, went live on June 28, 2023.
We update our Syscoin to USD currency in real-time. Get the live price of Syscoin on Coinbase.
The current market cap of Syscoin is $36.67M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Syscoin is $1.25. This all-time high is highest price paid for Syscoin since it was launched.
Over the last 24 hours, the trading volume of Syscoin is $2.55M.
Assets that have a similar market cap to Syscoin include Sperax, Maverick Protocol, doginme, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Syscoin is 813 million.
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Social stats
Popularity in posts
#494
Contributors
137
Posts
271
% About Syscoin
0.066%
Hold times
0 days
X (Twitter)
19.4% bullish
Sentiment
3.9 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
137 unique individuals are talking about Syscoin and it is ranked #494 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Syscoin has an average sentiment score of 77 out of 5. Finally, Syscoin is becoming less newsworthy, with 0 news articles published about Syscoin.
On Twitter, people are mostly neutral about Syscoin. There were 19.99% of tweets with bullish sentiment compared to 3% of tweets with a bearish sentiment about Syscoin. 80.01% of tweets were neutral about Syscoin. These sentiments are based on 152 tweets.
On Reddit, Syscoin was mentioned in 103 Reddit posts and there were 125 comments about Syscoin. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.