Syscoin and All-In-One Financial System on Blockchain .
Finally some innovation ! We all been sick and tired of all copy-paste coins without any business plan to back it or anything new in addition to the original Bitcoin system , now it’s time for systems like SYSCOIN to prevail and appear and others should learn from them .
Ok , so what is this mambo-jumbo ?
It’s not a mambo-jumbo , it’s real ! Let me point out some of SYSCOIN innovations , yes exactly not just one .
- Business on the Blockchain. Buy and sell anything with SYSCOIN‘s distributed marketplace integrated into the blockchain. This isn’t a cryptocurrency PLUS a marketplace. It’s a marketplace built into a cryptocurrency. The Syscoin network enables the creation of marketplaces of any kind, ranging from small community trading platforms to large corporate marketplaces like eBay to fully encrypted hidden marketplaces. This does not limit itself to marketplaces that accept only Syscoin. Their blockchain innovations are merely an infrastructure upon which marketplaces can be built so the possibilities are limitless for everyone to innovated based on their structure.
- Brokerage on the Blockchain. Exchange discrete data directly on the Blockchain. Documents like deeds, wills, trusts, stocks, bonds and contracts can now be created, mutually agreed upon, and transferred without the necessity of a third-party to authenticate the transaction; the Syscoin network itself acts as the third party, guaranteeing cryptographically-verifiable authenticity. Syscoin provides a foundation for the creation of provably fair arbitration systems which cannot be corrupted.
- Certificates on the Blockchain. Using the cryptography of the Blockchain; Issue, authorize, and exchange digital certificates. With Syscoin, anyone can register as a certificate issuer and issue provably-unique certificates which can be authenticated by anyone using Syscoin’s cryptographic proof of work. This allows for the creation and free exchange of a any kind of digital asset such as stocks, bonds, ownership certificates, warranties, receipts, tickets, certifications, diplomas, software licenses.
- Miners Matter! By being universally merge-mineable with all Scrypt coins, Syscoin is prepared for the coming Scrypt ASIC boom. By simultaneously distributing coins to anyone mining any other Scrypt coin, it ensures that both democratic coin distribution and strong network health are achieved shortly after Syscoin’s genesis.
Wow, 4 innovations used in Syscoin that makes it a Scrypt-based, Merge-mineable coin with Certificate Issuance, Distributed Marketplace, Document Exchange, and Data Storage Services ! Now you know what i was talking about , some real work and development team and all that means long term but also early adopters & investors can gain more capital if they put some of it in Syscoin IPO .
Yes an IPO!
Most of the times i don’t agree IPO’s because aren’t backed by anything . Syscoin is backed by innovation and that makes it a great early investment . It’s like you are investing in eBay and NASDAQ in the same time but in the new digital area of secured blockchains ! Also they have a planed roadmap and real business plans for Syscoin entire eco-system which investors and early adopters can gain from .
Yes they got technical specifications too , Syscoin is still a crypto-currency .
- Proof-of-Work Algorithm: Scrypt (merge mineable with any SCRYPT coin)
- Multipool protection: SysCoin uses KGW to retarget difficulty every block. SysCoin uses extremely small minimum and maximum values as algorithmic inputs, which effectively allows Syscoin’s difficulty to re-target much more rapidly and accurately than other cryptocurrencies that use KGW.
- Block reward: 1024 SysCoin and regenerated network services fees (block reward halves every 131.4k blocks for a total of 10 times, whereupon rewards will then consist exclusively of SysCoin service and network fees).
- Total SysCoins: 268,824,600 (268.9 million)
- Launch date: TBD depending on time to fully fund IPO.
- Premine: 8% [5% IPO, 2% Devs, 1% Bounties and Rewards]
Finally a secure way to trade your investments .
All good and wonderful all we hope is that they are going to do something with that premine and make it worthy for their investors . So far they look amazing professional and i like that , it makes me really want to invest in such system because we all need it so bad , instead of using some shady website to trade stocks and get your dividents paid or not depends if the website owners runs with your money , you can simply use a secured decentralized system based like Syscoin that has all these mentioned financial tools & features that would take a trouble of your shoulders and keep your mind on real investments and not what website is next to steal your money .
Get Ready , Set , Invest !
SysCoin is in beta testing , all the mentioned features do exist and are in heavy test so there won’t be any problems when they launch also the IPO it’s getting close , soon this month ! So i would advise you to get some Bitcoin aside follow their BTCTalk Pre-ANN and invest , because this is one of those amazing opportunities to be part of true innovation !
EDIT: More news about their IPO PRE-SALE : http://cryptobuzzing.com/syscoin-moolah-partnership/