The current real-time price of SYS is $0.0168. In the past 24 hours, SYS has traded between $0.0166 and $0.0183, showing strong market activity. The all-time high of SYS is $1.3, and the all-time low is $0.0002.
From a short-term perspective, the price change of SYS over the past 1 hour is , over the past 24 hours is +0.90%, and over the past 7 days is -7.47%. These figures provide a quick overview of the latest price trends and market dynamics of SYS on LBank.-15.38%
The live price of SYS today is $0.0168, with a current market cap of $14.296M. The 24-hour trading volume is 2M. The price of SYS to USD is updated in real time.
Before deciding whether to buy or sell SYS, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SYS technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SYS.
How much will SYS be worth tomorrow, next week, or next month in ? What about your SYS assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SYS Price Prediction
To learn more about SYS, consider exploring other resources such as the whitepaper, official website, and other published information:
Syscoin is a decentralized digital currency and blockchain platform launched in 2014. Its primary objective is to create a scalable Web3 infrastructure by combining the robust security of Bitcoin with the programmability offered by Ethereum-like environments. It functions as a Bitcoin Layer-2 solution, merge-mined with Bitcoin, providing a modular Proof-of-Work blockchain that integrates rollups to enhance Bitcoin's capabilities. This approach ensures high security while supporting advanced Web3 functionalities.
Syscoin stands out with its dual-chain architecture, featuring a Bitcoin-based UTXO chain for data availability and finality, coupled with a Network-Enhanced Virtual Machine (NEVM) chain. The NEVM chain is compatible with smart contracts and ZK-rollups, similar to other prominent platforms. This design leverages Bitcoin's security through merged mining while providing the flexibility and scalability crucial for Web3 applications. Key differentiators include low transaction costs, secure and immutable transactions, custom token creation capabilities, and a decentralized marketplace.
Syscoin achieves robust security by leveraging merge-mining with Bitcoin, securing its network with a substantial portion of Bitcoin's hashrate, which provides significant resilience against attacks. For scalability, it employs a modular architecture supporting sovereign ZK-rollups (Edgechains). This architecture provides a scalable data availability layer essential for rollups and various virtual machine layers. The NEVM chain facilitates these Layer-2 solutions, allowing for high transaction throughput necessary for modern Web3 applications.
The native SYS token serves several key functions within the Syscoin network. It is primarily used to pay for transaction fees and gas for all network operations, including minting and transferring Syscoin Platform Tokens (SPTs) and NFTs. SYS is also essential for hosting Masternodes, which enables participation in network governance and earning rewards. Furthermore, SYS is required for creating and voting on governance proposals, and it can be burned to create SPTs or converted to interact with smart contracts on the NEVM.
Syscoin positions itself as a "Final Ledger" for the Web3 ecosystem, offering critical infrastructure for decentralized applications (dApps) across various sectors like DeFi, AI, and Real World Assets (RWAs). It specifically targets applications demanding high throughput combined with Bitcoin-grade security. Its modular design, coupled with support for EVM-compatible smart contracts and rollups, makes it an ideal platform for developing and deploying scalable, secure, and performant Web3 solutions, underpinning the next generation of decentralized technology.
Syscoin offers several advantages, including its interesting design, extensive functionality, and adaptability for various digital currencies. It provides Bitcoin-anchored security through merge-mining, ensuring robust decentralization. Its modular architecture supports sovereign ZK-rollups, enabling customizable and secure applications, alongside trustless Bitcoin integration and ultra-low transaction fees. Potential disadvantages include market competition and volatility. Concerns might also arise regarding developer control, which, while ensuring quality, could be seen by some as contrary to complete decentralization.
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