What Can You Build?
The possibilities of what you can build on the Syscoin platform are limited only by your imagination. Here are a some use cases to get your wheels turning:
The blockchain platform for real money, assets, and blazing-fast token payments that scale.
Syscoin Platform provides trustless interoperability with Ethereum ERC-20, token & asset microtransactions, and Bitcoin-core-compliant merge-mined security.
Syscoin Platform
Key Features
High Transaction Throughput
Syscoin's unique Z-DAG technology means the network can handle a transaction throughput of 60158 Syscoin Platform Token transactions per second (TPS), while remaining decentralised and secure.
Interoperability
Build bridges between blockchains with Syscoin Bridge, interoperability with other chains has never been easier.
High Security
Syscoin is merge-mined with Bitcoin which provides Syscoin with an incredibly robust and secure network.
Low Fees
The fees to transact Syscoin Platform Tokens or Assets are very low, making them suited for a wide range of use cases such as point-of-sale transactions.
Point Of Sale
The Syscoin protocol facilitates real-world point-of-sale applications that can be used to transact in-store or via e-commerce. The high speed, quick resolution of asset transactions via Syscoin’s proprietary Z-DAG technology means you can empower your business with the speed and security of blockchain.
Some examples of retail use cases include:
- De-Centralised Marketplaces and E-Commerce
- Game Assets and Microtransactions
- Certificate Backed Digital Goods
- Stock Management and Tracking
Create Crypto Tokens
Syscoin Platform Tokens (SPT) allow anyone to quickly create their own cryptocurrency token on Syscoin Platform. An example of an SPT is LODE, a new cryptographic money system backed by physical silver. Other use cases include loyalty points, coins supported by physical assets, and service-backed currency.
Syscoin Bridge
Syscoin 4.0 introduces a first-of-its-kind, two-way bridge to Ethereum. This allows Ethereum developers to move ERC20 tokens back and forth between the Ethereum network and Syscoin Platfom, where they can make use of the scalability and high-transaction-throughput that Syscoin offers. This is done using a unique, permissionless burn/mint process that moves a quantity of ERC20 tokens into a corresponding Syscoin Platform Token (SPT), which the user has created. The bridge makes it possible to maintain a presence on both the Syscoin network and Ethereum network.
Conversely, Syscoin developers can move an SPT into a user-generated ERC20 paired equivalent token, where they can harness powerful Ethereum features such as Smart Contracts. Ultimately, developers will be able to create bridges to other blockchains as required, offering optimum versatility, forward-compatibility, diversity and interoperability across the cryptosphere.
Masternodes
Syscoin Masternodes were launched and implemented along with Syscoin 3.0 on May 1st 2018. Based on Dash code, Syscoin enhanced the masternodes to offer high transactional throughput using Z-DAG, governance issuance and seniority.
Zero Confirmation Transactions
Transferring funds or ownership of a token uses the Z-DAG protocol, giving near real-time transactions, which makes them the perfect choice for a retail environment.
Scale as Your Business Grows
Syscoin Assets have one of the highest transactions-per-second rates (TPS) in the blockchain space, so your application can scale up as your business grows. Using Z-DAG and the Syscoin masternode network the current TPS rate for Syscoin Assets, Offers and Certificates has been independently verified at 60158 TPS – giving the Syscoin Platform a significant advantage over other blockchain protocols.
Maintain Security
Syscoin is merge-mined with Bitcoin meaning Bitcoin miners can simultaneously mine Bitcoin and Syscoin with no increase in cost. This provides Syscoin with an incredibly robust and secure network and reduces network vulnerabilities that might allow exploits such as a 51% attack.
Partnerships
Over the past four years, Syscoin and Blockchain Foundry have established significant and strategic relationships with many third-party organisations.
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Partnerships
Microsoft Azure
Syscoin partnered up with MS Azure to launch three blockchain products which have been live on Azure since 2017. Developers can deploy a full Syscoin node, implement customized exchange rates via Syscoin’s Price Peg Server, and access Syscoin’s entire suite of blockchain-based services via the Syscoin API.
Partnerships
ITSA
The Syscoin Foundation partnered with the International Token Standardization Association (ITSA) alongside organizations from the banking, education, and startup sectors, with the aim to develop and promote a standardized approach for the identification, classification and analysis of blockchain- and DLT-based cryptographic tokens.
Partnerships
Blocknet
Blocknet is working on a project to make blockchains interoperable, mobile, and modular. This enables different chains to provide microservices to each other in a fast, secure, and scalable environment. Blocknet recently sent their first Syscoin SPV transaction; this enables any partner application to make a Syscoin transaction without downloading the entirety of the Syscoin blockchain.
Partnerships
2Tokens
The Syscoin Foundation and Blockchain Foundry partnered with the 2Tokens Project alongside other industry leaders to assist in creating a set of clear rules and guidelines on how to regulate tokenization. Together we aim to raise awareness, stimulate discussion, collate knowledge and expertise, and reduce the barriers to the adoption of tokenization.
Community
Together with the Syscoin team and foundation, our community is the driving force behind Syscoin's success. Growing steadily since 2014 our social media forums are a hotbed for developers, enthusiasts, and investors alike where we discuss ideas and help the Syscoin core team forge the way ahead.
We have a strong talent pool of community developers who have created some excellent online tools and services for the Syscoin community:
Community members/developers can submit funding proposals to help complete their projects using a portion of the monthly governance pool. Applications are voted on by masternode holders.
Organisations Who Chose Syscoin Platform
Lode
LODE is a cryptographic silver money system that aims to restore silver to the global economic system, as a solution to the problematic inflationary money systems that have sparked the financial crises of recent years. LODE will be using Syscoin Platform to create and distribute their token.
Binance
Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, chose Syscoin Platform to explore the use of the Syscoin-Ethereum Bridge to bring scalability, security, and high-throughput-rate transactions to the Binance stable coin, BUSD.
Blockchain Foundry
Is a company formed by the Syscoin founders in 2017. In addition to in-house Syscoin-based products such as Blockmarket and Pangolin, they help third-party organisations to facilitate their business on the blockchain’ goals.
Blockbanc
Blockbanc is a AI-enabled trading analysis app that provides tools, features and data to help traders make better trading decisions and become more successful in the markets. Originally on the Ethereum blockchain, the company is switching to Syscoin platform to allow for greater numbers of transactions and improved transaction speed.
Endless Possibilities
Games
Real Estate
Electronic Medical Records
Supply Chain Logistics
Finance
