Syscoin (SYS) Crypto Exchange
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Why exchange Syscoin (UTXO) (SYS) on ChangeNow
The average time for exchange is about 5 minutes. You can track the crypto swap progress on the exchange page.
- 98%Triumph Rate🔥Swaps completed with the better exchange rate or deviated from estimate for less than 0.5%
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- 980Currencies available for exchange
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What is Syscoin (SYS)
Syscoin is a Layer-1 and Layer-2 blockchain solution that is merge-mined with [Bitcoin](https://changenow.io/currencies/bitcoin) and aims to make crypto more adaptable for the mainstream. It was established in 2014 by [Sebastian Schepis](https://www.linkedin.com/in/sebastianschepis/) and intended to combine technologies of the Bitcoin and Ethereum blockchains. One of the first things Schepis developed on the Syscoin 1.0 blockchain was a marketplace that Satoshi Nakamoto originally envisioned for Bitcoin. Users can use the native token, SYS, to purchase goods on the said marketplace.
Syscoin has created a platform that provides microtransactions that are scalable, has bitcoin-core-compliant security and trustless interoperability. In the past, it could be interoperated with any ERC-20 token without requiring second or third-party liquidity providers. That was done with the help of Syscoin Bridge, a blockchain bridge, which is a two-way peg (2WP) and can still be utilized with other blockchains. The Syscoin bridge is intended to be reactivated for the Ethereum blockchain in Syscoin 4.2 to unlock the ability to execute smart contracts. Also, Z-DAG technology, which is active on the Layer-1 of the Syscoin blockchain, decreases the transaction speed and costs to the minimum.
By the end of 2021, more precisely in December, the Syscoin Platform is aiming to launch the[ Network-Enhanced Virtual Machine (NEVM)](https://docs.syscoin.org/docs/tech/nevm) mainnet. NEVM will allow scaling to smart cities without increasing the costs or the transaction speed while remaining secure as a result of Bitcoin’s PoW mechanism deployed by the Syscoin blockchain.
