syscoin: News of Syscoin (SYS) - August 2024 Price Update - 25.4% Breakout Crypto News and Analysis

Explore the Core.

Syscoin is a multi-layer, multi-network ecosystem that aims to expand Bitcoin's utility and scalability without compromising its core principles of security and decentralization. It is often referred to as "Bitcoin's Layer Zero" because it provides a foundation for building decentralized applications while leveraging Bitcoin's robust Proof-of-Work (PoW) security through merged mining.

Spot the Main Event:

On the 17th of August,2024. Syscoin announced it number one partner $UNO on @RolluxL2 is listing on @PegasysDAO this Monday, August 19th at 4 PM UTC. This allows trading the primary UNO/SYS. This listing announcement forster the team the team integrity and lay downs a prospectful future this compelled investors to buy in adding to the liquidity of the token and hereby spiking the token price.

Explore the Core.

The most unique feature of Syscoin is its ability to combine the strongest elements of Bitcoin and Ethereum on a single platform. Syscoin's layer 1 consensus is based on Bitcoin’s SHA-256 PoW model and allows merged mining with Bitcoin. This means that miners can simultaneously mine both BTC and SYS at no extra cost. Comparing Syscoin's hashrate to Bitcoin's it can be seen that generally over 50% of Bitcoin's hashrate also mines Syscoin and that it is supported by several larger Bitcoin pools. Syscoin also provides decentralized finality on top of Nakamoto consensus which effectively eliminates the risks of 51% attacks normally associated with PoW while also retaining proven Nakamoto consensus from beneath

Spot the Main Event:

Syscoin and Chainge Finance Team Up to Deliver the DeFi Dream. Chainge Finance is committed to making financial freedom accessible to all. They offer a wide range of decentralized services, such as a multi-functional cross-chain wallet, an Escrow Module, a top DEX Aggregator, a Futures DEX, a virtual Credit Card, and the first-ever decentralized Options DEX. All these services are powered and secured by Fusion DCRM technology.

Student

Explore the Core.

Syscoin as an open source project is led by the non-profit Syscoin Foundation with board members including Jagdeep Sidhu (Foundation President and Lead developer) and Michiel Näring, Syscoin Foundation Vice President.

Trade hard. Joy is coming

Explore the Core.

The most unique feature of Syscoin is its ability to combine the strongest elements of Bitcoin and Ethereum on a single platform. Syscoin's layer 1 consensus is based on Bitcoin’s SHA-256 PoW model and allows merged mining with Bitcoin. This means that miners can simultaneously mine both BTC and SYS at no extra cost. Comparing Syscoin's hashrate to Bitcoin's it can be seen that generally over 50% of Bitcoin's hashrate also mines Syscoin and that it is supported by several larger Bitcoin pools. Syscoin also provides decentralized finality on top of Nakamoto consensus which effectively eliminates the risks of 51% attacks normally associated with PoW while also retaining proven Nakamoto consensus from beneath

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Explore the Core.

Syscoin is a smart contract platform, which offers customers a decentralized marketplace and transactions that cost almost nothing. It is a blockchain platform that combines the best of Bitcoin's security, Ethereum's smart contract capabilities, and ZK-Rollups for scalability.

Spot the Main Event:

The major news around its price surge is the landmark achievement and celebration of its 10 years anniversary. Syscoin, the security-focused base layer, provides guarantees of ultimate security and decentralization to all the super fast low-cost layers that are built on top or that are integrated with Syscoin's zkDA.

To God be the Glory

Explore the Core.

Syscoin, one of the oldest blockchain platforms in the world, has been accused of an ongoing conspiracy to manipulate the SYS token supply and allegedly defraud investors through Syscoin Foundation. The project, which started in 2014, said it wanted to combine the best features of Bitcoin and Ethereum. It promised a solid platform for decentralized applications. In 2018, it set up the Syscoin Foundation to support and develop the platform.

Spot the Main Event:

Syscoin is officially 10 years young and the team reannounced their notable partnerships with major projects like chainge, as Syscoin and Chainge Finance Team Up to Deliver the DeFi Dream

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.