SYS meaning in Cryptocurrency ?

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Answer:

Syscoin Platform is a full Layer-1 and Layer-2 blockchain solution built to combine industry-proven technology to support cutting-edge applications all in one network. The project's goal is to build a protocol that transforms the blockchain experience and combines the best of Bitcoin and Ethereum. Through Bitcoin merge-mining, Syscoin transforms Bitcoin's Proof-of-Work security and decentralization into a functional and scalable solution.

Syscoin's Layer-1 features include proprietary Z-DAG technology to experience near-instant network transactions, ultra-low transaction fees, taproot, and a token platform, and compatibility with Bitcoin's emerging Layer-2 advancements. Syscoin's token platform currently features custom notary API, Fungible Tokens, NFTs, and Fractionalized NFTs.

On the Syscoin Platform, a masternode network provides a scalable service layer and added security through ChainLocks. Building on the Syscoin Platform unlocks future access to Network Enhanced Smart Contracts (NEVM) that takes the best of Ethereum and expands its processing power to facilitate bigger and more complex programs with ultra-low fees.

To learn more about Syscoin's future, and its roadmap to combine the best of Bitcoin and Ethereum by pairing POW security with their scalable NEVM smart contract solution, check out the technical deep dive from the lead developer, Jagdeep Sidhu, on the state and future of the Syscoin Platform.

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Posted on 20 Sep 2024, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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Miscellaneous in Cryptocurrency
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Miscellaneous in Cryptocurrency


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