Manage your SYS
with NOW Wallet
How to buy Syscoin with card
- Pick SYS as the currency you want to buy.
- Choose a fiat currency to buy SYS with.
- Enter your card details and the recipient's address if you are sending to a third-party wallet.
- Receive your SYS in approximately 5 mins!
How to exchange Syscoin
- Pick SYS as the currency you want to exchange.
- Choose the crypto asset you’d like to get for your SYS.
- Enter the recipient's address if you are exchanging to a third-party wallet.
- Receive your exchanged assets in approximately 5 mins!
How it works
What is Syscoin (SYS)
Syscoin is a Layer-1 and Layer-2 blockchain solution that is merge-mined with Bitcoin and aims to make crypto more adaptable for the mainstream. It was established in 2014 by Sebastian Schepis 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) 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.