Syscoin 2.0 is Live!


Syscoin 2.0 has successfully launched today. As planned we took a snapshot of the Syscoin 1.x blockchain at 10am US/PST, block 880440. We then migrated this snapshot to the 2.0 blockchain and started the chain. All services are available for use immediately. We’re still working through making final changes to our website materials.


How to Upgrade/Convert to Syscoin 2.0

Upgrading to Syscoin 2.0 from Syscoin 1.x is very simple.

  1. As with any upgrade, back up your wallet.dat. The location of wallet.dat will vary based on your operating system, it can be found here on Windows and here on Mac. Copy wallet.dat to a safe location as a backup.
  2. Delete the Syscoin 1.x wallet application entirely.
  3. Delete all of the files in your Syscoin data directly except for wallet.dat.
  4. Run the Syscoin 2.0 wallet, you will be warned that your addresses and transaction history are no longer accurate, this is normal and expected, click ok. The wallet should properly reflect your Syscoin 1.x balance.



Upgrade complete! You can now start sending and receiving Syscoin as usual using the new wallet. Buy an alias! Sell an item! Buy an item! There so much you can do with Syscoin! You may have questions about all the new features, and we have answers. Please first check our Syscoin 2.0 FAQ– if you’re unable to find an answer to your question there please jump into the Syscoin Slack and the team will be more than happy to assist you.

If you wish to remove the message warning you about transaction history you can transfer your coins to a new, clean wallet which should prevent further warnings (this is entirely optional, the message only related to past transaction information- future transaction information will be properly retained.):

  1. Close the Syscoin 2.0 wallet
  2. Rename wallet.dat to wallet.dat.orig in the Syscoin data directory and then run the wallet.
  3. Write down the address of your new wallet, it should begin with a “1”. Close the wallet.
  4. You will now have a new wallet.dat in your Syscoin data directory. Rename wallet.dat to Rename wallet.dat.orig to wallet.dat.
  5. Run the wallet and send your entire balance to your new address starting with a “1”. Close the wallet.
  6. Move wallet.dat to a different location. Rename to wallet.dat within the Syscoin data directory. Run the wallet and confirm the funds have been received. After you’ve confirmed the funds, you can delete the original wallet.dat file that you’ve now moved to a new location outside the Syscoin data directory




Mining Pools:

Syscoin 2.0 Block Explorer and Rich List:


Next Steps

The launch of Syscoin 2.0 is a major milestone for the Syscoin team. Syscoin 2.0 lays the foundation for our vision. Building on top of the Syscoin platform will be the next step, and a key to mainstream adoption. Blockmarket, the first product planned to be launched by the Syscoin team will be the next major milestone for Syscoin. Blockmarket is a consumer-level one-click web based experience built on top of the Syscoin platform which enables users with all of Syscoin’s decentralized services- ranging from marketplaces to encrypted messaging – via a simple, web based experience that’s also mobile compatible. No downloads, no blockchains to think about, Blockmarket puts that all in the background and allows the user to focus on the services themselves.

We’re also working with Microsoft to make Syscoin’s services more accessible to users on their Azure platform and in general. Unlike other offerings on Microsoft’s Blockchain as a Service platform, Syscoin’s Azure deployment will soon have Blockmarket bundled with it as well. This will enabled Azure users to deploy their own Blockmarket’s with the click of a button. Once deployed users can customize the appearance of their blockmarket creating their own branded marketplace, backed by the power of the Blockchain.

Syscoin is immediately available for mining and has switched to the SHA256 mining algorithm and is merge-minable with Bitcoin. The Syscoin team maintains a price peg which is the default peg used for Syscoin offers (although users can create their own price pegs). The peg uses the “SYS_RATES” alias and information on the current peg values can be found at The peg is updated anytime market prices move 5%+/-. The Syscoin team also hosts a mining pool which is one of the few mining pools to merge mine Bitcoin with other coins. Located at the pool mines Bitcoin and merge-mines Syscoin, Namecoin, Devcoin, Crowncoin and Unobtanium- don’t waste your hashes on just Bitcoin earn 6 coins at once instead!

Over the coming two weeks we’ll be working with merchants who signed up through our early signup portal to list their items on the marketplace. If you are a merchant looking to list your items on the marketplace or if your just looking for more information/have questions join our Slack. This launch lays the foundation for a number of additional improvements and platform releases we have planned throughout the remainder of this year!

Note: For questions or comments please post on this related reddit thread. You can also get direct support from the Syscoin Team by joining our Slack channel.

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