What Determines The Value Of A Syscoin SYS

Syscoin is a cryptocurrency similar to Bitcoin which features the world's first decentralized marketplace directly in the wallet. The decentralized market allows for near-instant payment-upon-purchase, near zero fees and zero down-time.

Syscoin and Bitcoin are both payment options in the marketplace. Other features include escrow, price pegging, encrypted messaging and digital certificates. Syscoin runs on the SHA256 algorithm and is merge-mineable with Bitcoin. • • • • Talk to the core dev team! Got a question?

Wanna discuss a feature in realtime with our team? We're here to help! We’re continuing to test Syscoin 2.1 internally and although we’re very close to releasing Syscoin 2.1 to mainnet, we’ve been able to implement some major feature improvements – the biggest of which is the foundation for a human-readable Blockchain based identity system. ALIASES AS A FOUNDATION FOR BLOCKCHAIN BASED IDENTITY PLATFORM Aliases are central to all Syscoin operations. We’ve upgraded Aliases to pave the way for a Blockchain Based Identity platform. Soon you’ll be able to store everything related to your identity tied to your Syscoin Alias – from delivery address and Twitter handles to PGP signatures and passwords.

Information about Syscoin is detailed here. Start your research into the Syscoin project.The Syscoin whitepaper. How to determine if Syscoin is a scam? The Value of Cryptocurrency Today And What The Future Might Hold. Determining the value of. Because this determines the short-term value of. Oct 24, 2017 - Syscoin Identities are built on the construct of Aliases by using the Alias public data field as a blockchain-based anchor for off-chain data. In the off-chance we have a winner we'll need to see exactly what their process was before being able to determine if we can release Syscoin Identities with private. Last time we had a golden cross on the daily chart, 3/4 year ago, syscoin gained x10 in value. The golden cross has happened again lately and fundamentally there are some big releases coming soon to syscoin. Blockmarket web 2.1, masternodes, anonymous transactions and a lot, lot more. Syscoin has been moving.

How much data to include is completely up to the user. This addition will allow additional functionality in the future, from signing messages with your Alias, automatically sharing your newly created listings to Twitter and Facebook, to a full range of interoperability with other online services such as YouTube or Imgur, providing further identity value. All of this information is encrypted in the same manner as your coins and stored securely on the blockchain. In Syscoin 2.0 sending funds to “Dan” vs. “dan” result in funds going to two different addresses and different Aliases on the network. This has not only confused users but has led many to reserve Aliases unnecessarily to try to mitigate case-confusion. As of Syscoin 2.1 we’ll be applying domain-name like rules to Syscoin Aliases, allowing only unique case-insensitive names.

We’ve changed the Alias renewal model to be more like internet domain names; Aliases can now be renewed up to five years at any time. You’ll now be able to send coins and encrypted messages to a user’s Alias using any case formatting you desire, the recipient will always be the same. For example “Dan” v “dan” will go to the same recipient – the one who owns lowercase version of the Alias “dan” (rather than two different recipients as in 2.0).

All new aliases in 2.1 will be entirely lowercase, any existing non-lowercase Aliases will be blocked from updates and will eventually expire and have their data pruned from the blockchain using another one of Syscoin 2.1’s new features aimed at reducing blockchain bloat. DETAILS ON LATEST SYSCOIN 2.1 ENHANCEMENTS The community has been asking questions about certain new features coming in 2.1 which we wanted to explain in more depth, as well as share more new features: • Currency Editing – Currently in Syscoin 2.0 you cannot modify the currency your item is priced in once it is listed. After 2.1 is released you will be able to modify the currency your item is priced in if you made a mistake in your initial listing or if you simply want to price it in a different currency. • “Wanted” Section – If you have an item or service that you are looking to buy but can’t find it on the marketplace you can list it in the “wanted” section.

The “wanted” section will have multiple subcategories such as “Wanted Services” or “Wanted Items” etc. If a seller matching your needs sees your “wanted” listing they can simply create an offer fitting your “wanted” request and get into contact with you via the Syscoin encrypted messaging service to proceed with the transaction. • (NEW) Certificate Categories – Just like offers can now be categorized, certificates can be categorized as well. We’ve identified some valuable alternative use cases for Syscoin digital certificates and allowing them to have a category will allow us (and/or the larger development community) to explore these value-adding use cases. If you choose to sell a categorized certificate, the offer listing will automatically be added to the same category as a convenience but users can modify this before submitting the offer to the network if they feel the offer should for some reason be in a different category than the certificate.

We’re internally testing the final version of Syscoin 2.1, with all the above mentioned features fully completed. Testing is looking good, we’ll be opening the testing up to our larger internal advisory committee this weekend before determining if we’re ready to set a hardfork block and plan the release to main net. So, you are becoming just a business, you lost open source and freedom enthusiasm? Big busines invest money, vow, you will get rich or they will get richer on the basis of your work. But I have some questions, if you are decentralized, why you have terms and conditions, what means you will terminate your products if people do something illegal? Decentralized, anonymous.

And then termination. And who are people behind the project? Some of us like to check the background. Brian Hoffman, Founder OpenBazaar worked at booz allen hamilton, it is the nsa company.

And you partner with microsoft, what a nightmare. Spies promise to us, open source means you are secure, 'we don't give backdoor secretly to the fbi, we are not like tor developers':) • • • •.

Here is my take on Syscoin a layman's explanation. What is it: Is a decentralised marketplace, you have the ability to buy sell and even resell items from the platform. You’re are able to send and receive funds easily from the platform, Syscoin uses an “arbitrated escrow which gives buyers and sellers confidence that their funds are secure thoughout the whole transaction. Therefore there is an agreed upon third party involved You’re would no longer require a complicated wallet address because Syscoin allows you to use an Alias instead. It uses the Microsoft azure network in the near future Scaling is not an issue as it has already consented to using SEGWIT (segregated witness) Syscoin from its website describes itself as “like Ebay or Amazon, only better.” Please refer to: How are the charts: From the DAILY CHART you can see that as of late May and the beginning of June, Syscoin has jumped massively in value and has broken the ascending channel upper level of resistance.

• Currently price action sits just above the.782 Fib level and is well above the20 period Exponential Moving Average (EMA) ( light blue line) • Price has not found direction and would indicate profit taking from the massive run up • Expect to see the price continue lower to find support with the 20 period EMA which could correlate with the.618 fib level a significant level of support as of today the chart looks like this How does it compare: Syscoin is ranked 43 on coinmarketcap.com it has a market capitalisation of $116,772,812 US and there are 525,679,252 SYS tokens in circulation currently. Syscoin has grown over 1,500% since jan ’16 currently trading at.22 US By comparison the Share price for Ebay is currently $35.00 US. Syscoin is not even 1% of that at this stage. Yet is has many differentiating factors. Final thoughts: There has been a dramatic move up from sys coin since its beginning and in this current market space differentiation is going to be a key factor in terms of gaining market share. Biggest Nexus NXS Mining Pool more. Syscoin is the first of its type of crypto in terms of what is offering and its potential usability and purpose as a decentralised marketplace to sell goods.

However I worry that it may not be able to compete with the already well established existing online marketplaces ie amazon and ebay. With that being said it still is the first of its kind.

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