Syscoin (SYS) is a cryptocurrency which attempts to fulfil Satoshi Nakamoto’s original vision of including a decentralized exchange directly on the blockchain. Many cryptocurrencies now have this feature, but in 2014 Syscoin was the first to implement it. Syscoin is an updated version of the Litecoin blockchain, which itself was a fork of Bitcoin.
Syscoin launched in 2014 and was a creation of Sebastian Schepis, the core developer of the project. Syscoin 2.0 launched in 2016, and added many new features, including changing the mining algorithm to SHA256, making it merge-mineable with Bitcoin.
Syscoin features a built-in marketplace which can be accessed through the dedicated browser or web app. The market place runs just like Amazon or Ebay but without centralized interference, be it regulatory, political or financial. The Syscoin Blockmarket Wallet is a one-stop shop for transactions, trades, purchases, and even encrypted messaging across the blockchain, and can be accessed via desktop or mobile.