Syscoin Investment: Is It Worth Your Money?

Syscoin is a cryptocurrency that provides a blockchain infrastructure for the secure trading of goods, assets, digital certificates, and data. It is a decentralized marketplace aiming to compete with Amazon and eBay. With its low market capitalization, token issuance, private funding, and potential to take on major e-commerce platforms, Syscoin has attracted the interest of investors. However, the volatile crypto market makes it challenging to predict exact returns, and investors are advised to do their research and invest only what they can afford to lose. This paragraph introduces the topic of whether Syscoin is a good investment, highlighting its potential and the cautious approach investors should take.

Syscoin's potential to take on eBay and Amazon

Syscoin is a digital peer-to-peer currency based on the Bitcoin protocol and launched as a blockchain in March 2014. It is both a cryptocurrency and a decentralised marketplace platform, where users can buy and sell products and data certificates.

The key difference between Syscoin and its competitors, eBay and Amazon, is that Syscoin has no middleman and no selling fees. It connects buyers and sellers directly, and the fees are substantially lower than any competing platform as there is no third party taking a percentage of the sale. Syscoin also has a built-in payment and escrow system, and integrated messaging features that offer a higher level of privacy compared to eBay's messaging system.

Another advantage of Syscoin is the use of aliases, which counter the need to remember complex wallet addresses, allowing swift transactions. Users can save their address to something memorable, for example, 'Joesaddress'. This is in contrast to the long and complicated addresses usually associated with cryptocurrencies.

The Syscoin team has also launched the Blockchain Foundry to help develop businesses that are utilising the Syscoin API. The API has the ability to make a blockchain application that serves as legal documents, medical data, payroll documentation, etc. Syscoin has also formed a partnership with Microsoft's Azure, with endless possibilities for the future.

Syscoin's unique features and growing user base could see it become a serious competitor to eBay and Amazon. With the potential for 5 billion users and a predicted price increase to $3 in the next two years, Syscoin's future looks bright.

Syscoin's partnership with Microsoft Azure

Syscoin is a cryptocurrency that combines the best elements of Bitcoin and Ethereum into a single network, offering a fast, scalable, and low-gas smart contract platform with proven security.

Syscoin has partnered with Microsoft Azure to offer the Syscoin Full Node platform, targeted at developers who want to interact with Syscoin via the command line (CLI) or through the internal JSON-RPC server. The Syscoin Full Node platform is offered within the Microsoft Azure platform, where it can be deployed using Ubuntu in the cloud and managed remotely via an easy-to-use interface.

The partnership between Syscoin and Microsoft Azure provides developers with access to a robust set of tools that can be used independently or in conjunction with one another to create powerful decentralized business applications using blockchain technology. All Syscoin services are secured by the Syscoin blockchain, and the platform provides easy access to Syscoin's suite of decentralized blockchain-based business tools.

The Syscoin Full Node platform enables developers to leverage the power of the Microsoft Azure cloud to build and deploy decentralized applications quickly and securely. By utilizing Azure's scalable and reliable infrastructure, developers can focus on building innovative blockchain solutions without worrying about the underlying infrastructure.

This partnership between Syscoin and Microsoft Azure is a significant step forward in the adoption of blockchain technology by providing a user-friendly and accessible platform for developers to create decentralized applications with real-world use cases.

Syscoin's low market capitalization

Syscoin is a cryptocurrency that provides blockchain infrastructure to trade goods, assets, digital certificates, and data securely. It is a decentralized marketplace aiming to compete with Amazon and eBay. Syscoin has a strong team behind it, with Blockchain Foundry Inc. as its parent company, which is an establishment of the leading developers of blockchain solutions for businesses and individual consumers.

One of the key advantages of Syscoin is its low market capitalization. At the time of writing, its market capitalization is $349 million, which is relatively low for a project with such ambitious goals and potential. This low market capitalization could indicate that Syscoin is undervalued and has room for growth.

The low market capitalization of Syscoin could be attractive to investors for several reasons. Firstly, it presents an opportunity for investors to get in early on a potentially promising project. As Syscoin is aiming to compete with established e-commerce platforms, there is a possibility that its market capitalization could increase significantly if it gains traction and captures even a small portion of the market. For example, if Syscoin were to capture just 5% of the eBay market, its value could increase to $2, representing a significant return on investment for early investors.

Secondly, the low market capitalization could indicate that Syscoin is a more stable investment compared to other cryptocurrencies with higher market capitalizations. Cryptocurrencies with smaller market capitalizations tend to be less volatile, as they are less susceptible to the extreme price swings that are common in the crypto market. This stability could make Syscoin a more attractive investment for those who are risk-averse or looking for a long-term investment.

Additionally, Syscoin's low market capitalization could be a result of it flying under the radar, as it has not generated the same level of hype as some other cryptocurrencies. This lack of hype could be advantageous, as it means that Syscoin is not subject to the same level of speculation and potential price manipulation that comes with a highly publicized crypto project. Instead, investors can focus on the underlying technology and the team's ability to execute their vision.

In conclusion, Syscoin's low market capitalization could present a valuable investment opportunity. With a dedicated team, a strong use case, and the potential to disrupt the e-commerce industry, Syscoin has the ingredients for success. However, as with any investment, it is essential to do your own research and only invest what you can afford to lose.

Syscoin's token issuance and private funding

Syscoin is an open-source and decentralised development platform that combines the security of Bitcoin's PoW and programmability of Ethereum's EVM. Its token, SYS, is used for payments, gas fees, and network security.

The initial distribution of SYS tokens took place upon the mainnet deployment of Syscoin V1 on 17 August 2014, with a total of 364 million SYS distributed, primarily to pre-sale participants. At the time, the maximum supply of SYS was capped at 2 billion, meaning the initial distribution represented 18% of the max supply.

In 2021, the SYS supply was updated with the integration of EIP-1559, and the token now has an uncapped supply and an estimated inflation rate of 1.25% per year.

Token Issuance

Creating and issuing a Syscoin Platform Token (SPT) can be done using Syscoin Core 4.2 or 4.3. The process involves several steps, including funding your wallet, defining and creating the token, checking the token specification, and issuing fungible or non-fungible tokens.

The token creation fee is 1 SYS, and there are additional costs for future transactions such as updating the token specification. When defining the token, you will need to specify various parameters, including the funding amount, symbol, description, contract, precision, and maximum supply.

Once the token is created, you can use the "assetnew" command to sign and broadcast the transaction to the network, receiving a transaction ID. After that, you can check the token specification on the Syscoin blockchain using the "assetinfo" command.

Private Funding

In October 2021, the Syscoin Foundation proposed a Treasury Fund to governance participants, which was approved. As a result, 100 million SYS tokens (~14.8% of the total circulating supply at the time) were minted and allocated for funding the continued development of the Syscoin network.

The breakdown of the treasury allocations includes:

• 65 million SYS (~9.7% of the total circulating supply) for general core team funding and project onboarding/integrations.
• 35 million SYS (~5.2% of the total circulating supply) for future VC/private funding rounds.

Syscoin's blockchain infrastructure

The Syscoin wallet, known as Blockmarket Desktop, is considered user-friendly and advanced, with real-world use. Syscoin combines the best elements of Bitcoin's secure PoW, Ethereum's EVM, and Rollups (ZK & Optimistic) into a single plug-and-play network, resulting in an ultra-fast, scalable, low-gas smart contract platform with proven security.

The potential for Syscoin to disrupt the e-commerce industry, coupled with its partnership with Microsoft Azure, makes it an attractive speculative investment. However, it is important to remember that crypto investments are volatile and subject to high risks. As Sebastien DiMichele, Director of Public Relations at Blockchain Foundry Inc/Syscoin, advises, always do your own research and only spend what you can afford to lose.

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