Syscoin listed on Binance

Syscoin is “a global network, a distributed ledger, a decentralized database and a blockchain. It is also a cryptocurrency, an altcoin, a digital currency and a tradable token.”

Originally launched in late 2014 and created through a Bitcoin fork, the current version brings us to Syscoin 2.1 and has an algorithm that allows it to be merge-mined with Bitcoin. Merge mining is simply the ability for miners to simultaneously mine two different cryptocurrencies based on the same algorithm.

The project attempts to remove the middleman and put money directly back into merchants/consumers hands, eliminating hefty fees currently charged by big corporations like Amazon and eBay. To facilitate near-zero fee transactions, you can use its native cryptocurrency, Syscoin (SYS), to pay for goods on the marketplace. However, you can also pay using alternate cryptocurrencies such as Bitcoin or Zcash.

Key Features of Syscoin
--Decentralized Marketplace with unlimited inventory items
Near-zero cost transactions
--Aliases: Send coins to case-insensitive names without needing to plug in lengthy wallet addresses (e.g. “TheFlowerShop”).
--Ability to resell other people’s products in your store or allow your products to be resold by others for commission
--Encrypted messaging with email-like inbox/outbox to communicate with people on the Syscoin network
--Escrow service: holds a buyer’s tokens in escrow “until the terms of the sale are met and the buyer releases
payment to the seller”.
--Digital certificates: Issue, authorize, authenticate and exchange digital assets that contain private information like
gift cards codes or registration keys.
--No downtime: Unlike markets such as OpenBazzar in which users need to leave their computers open to keep
listings up, the Blockmarket guarantees 100% uptime.
--Integrated exchange: user-friendly exchange of 32 cryptocurrencies with in-wallet exchanges Changelly and
Flypme.