Syscoin Price (SYS)

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$0.1904-0.42%1D

Price of Syscoin (SYS) today

As of the latest data, Syscoin (SYS) is currently priced at $0.1904 with a market capitalization of $149.87M. The 24-hour trading volume stands at $1.64M, The circulating supply of Syscoin is approximately 787.03M. The cryptocurrency has seen a -0.42% decrease in value over the past 24 hours.

About Syscoin (SYS)

Syscoin (SYS) is a digital asset with a focus on providing a secure and scalable blockchain platform for decentralized applications and token issuance. The asset aims to streamline business processes and reduce costs through its innovative features and technology. Syscoin offers a range of functionalities, including fast and low-cost transactions, decentralized marketplace capabilities, and secure data storage. With its robust infrastructure, Syscoin is suitable for various use cases, such as e-commerce, supply chain management, and asset tokenization.

The technology behind Syscoin includes a hybrid consensus mechanism that combines proof-of-work and proof-of-stake protocols for enhanced security and efficiency. Additionally, Syscoin leverages features like Z-DAG (Zero Confirmation Directed Acyclic Graph) for instant transactions and scalability. The asset's GitHub repository provides transparency and allows developers to contribute to its ongoing development. Users can access the asset's website, whitepaper, and social media accounts for more information and updates on Syscoin's ecosystem and community. Overall, Syscoin offers a versatile and user-friendly platform for businesses and individuals looking to leverage blockchain technology for various applications.

How does Syscoin work?

Syscoin (SYS) is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing users to conduct secure and efficient transactions without the need for intermediaries. Built on a blockchain technology, Syscoin utilizes a hybrid consensus mechanism combining Proof of Work (PoW) and Proof of Stake (PoS) to validate transactions and secure the network. One of its unique features is the ability to create and trade digital assets, such as tokens and non-fungible tokens (NFTs), directly on the platform. Syscoin also offers decentralized marketplace capabilities, enabling users to buy and sell goods and services in a trustless environment. This diverse functionality sets Syscoin apart from traditional financial systems, offering a wide range of use cases across industries such as e-commerce, supply chain management, and decentralized finance (DeFi).

How to keep your Syscoin (SYS) safe?

To keep your Syscoin (SYS) safe, consider using hardware wallets like Ledger for enhanced security. These wallets store your private keys offline, making it nearly impossible for hackers to access your funds. Additionally, trusted platforms like Binance offer advanced security features such as two-factor authentication and withdrawal whitelists to protect your assets. By utilizing these tools and staying vigilant against phishing scams, you can ensure the safety of your Syscoin holdings.

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