An Open-Source Cryptocurrency Based On The Blockchain.
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Syscoin is a blockchain protocol with the goal of enabling users to build fast, secure, and low-cost applications with ease. The network is powered by a hybrid Proof of Work and Proof of Stake consensus mechanism.
The project has built Syscoin Bridge to facilitate inter-chain exchange of data. Syscoin Platform Tokens (“SPT”) allow anyone to quickly create their own cryptocurrency token on Syscoin Platform. An example of an SPT is LODE, a new cryptographic money system backed by physical silver.
Z-DAG (Zero Confirmation Directed Acyclic Graph) was developed by Syscoin core developer and CTO of Blockchain Foundry Inc., Jag Sidhu, as a scalability solution for assets and tokens on Syscoin Platform.
The SYS coin is used for staking and gas fee for transfer transactions and smart-contract executions in the network.