Syscoin (SYS) Price
Syscoin#660SYS News
View allLiberty is out. Bridge V2 is ready for mainnet. Governance voting is open. The Sentry Node Competition has a winner. Here is what moved forward across Syscoin this week:
Consensus first. Execution follows. Syscoin Liberty v5.1.0 brings Bridge V2, hardened ChainLocks, coordinated Core + NEVM activation and deeper Bitcoin infrastructure to mainnet. Expected around Monday, 17 August. Read why this matters for crypto:
Syscoin's next mainnet upgrade is ready. Liberty v5.1.0 ships Bridge V2, hardened ChainLocks, coordinated Core + NEVM changes and new Bitcoin infrastructure. Activation is expected around Monday, 17 August. Node Operators: upgrade now.
📢 PSA Reminder: @binance withdrawals for $SYS close on July 27. Move your $SYS to a wallet you control before the deadline. Pali Wallet is a browser extension wallet built for secure self-custody.
The Sentry Node competition is nearly over. Set up a qualifying node and keep it online through the campaign window for your chance to win 100,000 $SYS. One operator wins for every 100 new nodes added. Ends July 27, 3:00 AM UTC.
BitcoinWorld Crypto Hack Losses Dip 7% in June to $75.87 Million, PeckShield Reports The cryptocurrency industry recorded $75.87 million in losses from 40 major hacking incidents in June, marking a 7.13% decline compared to the $81.7 million stolen in May, according to blockchain security firm PeckShieldAlert. The data, shared via X on July 1, underscores a persistent but slightly easing threat landscape for digital asset platforms. Largest Incidents […] This post Crypto Hack Losses Dip 7% in June to $75.87 Million, PeckShield Reports first appeared on BitcoinWorld .
SYS Info
1. Project introduction
Syscoin is a Proof-of-Work blockchain, merged-mined with Bitcoin. At its base it is a dual-layered blockchain: the core is the Syscoin blockchain itself, and running in tandem with it is an Ethereum Virtual Machine (EVM) layer called NEVM (Network-Enhanced Virtual Machine), which provides smart contract functionality.Syscoin is a unique and important alternative to Ethereum. Yes, every capability offered by Ethereum is supported by Syscoin’s fully EMV-compatible Network Enhanced Virtual Machine (NEVM).
However, Syscoin's design keeps intact the "gold standard" security of the Bitcoin consensus model and merged-mining, while also providing all the best performance characteristics expected in Ethereum's 2.0 future by supporting L2 ZK-Rollup technology.
Syscoin is permissionless and censorship-resistant by default. Syscoin also provides opt-in features for projects that need regulatory compliance at scale for their asset's transactions, without involving custodians. This is unique, and can be used to enable securities like stocks to safely participate in a compliant way in DeFi, DEX, or other emerging fintech, using a public decentralized blockchain. Non-compliant projects that don’t need a permissioned layer don’t have to implement one - this is simply an option Syscoin’s platform provides.
2. Team introduction
Foundation President: Jag Sidhu
Foundation Vice President & Project Manager: Michiel
3. Distribution
The tokenomics of SYS are based on EIP-1559 for an ideal utility-based economy that can operate indefinitely. In line with EIP-1559, same as ETH, SYS does not have a capped max supply. The supply of SYS is managed dynamically and programmatically through protocol emission and deflationary burning of fees paid for NEVM transactions.
Prior to the mainnet release of NEVM and the introduction of EIP-1559, SYS had a max supply cap of 888 million.
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