Syscoin Platform (SYS) is presented as a decentralized scalable blockchain for enterprise, a development platform, and an asset platform offering high throughput and scalability, low fees, the security of SHA256 merge mining, ease of token creation, and a unique form of decentralized cross-chain asset interoperability capable of working with many platforms without requiring intermediaries nor counterparty trust. It also aims to facilitate decentralized marketplaces and decentralized identity.
Syscoin Platform is a third generation decentralized blockchain and cryptocurrency which dates from its initial design in 2013, to its latest major release in June of 2019. The purpose of the project is to provide enterprises and organizations an ideal platform to benefit from blockchain and distributed ledger technology; specifically high security and availability, lower costs, and low barrier to entry. It has evolved across the span of its four major mainnet releases; from its first version, a Litecoin-based blockchain featuring a number of onchain services and smart contracts, to its present state as a streamlined SHA256 merge-mined blockchain focused on scalability, assets, throughput, security, zero-counterparty interoperability with Ethereum and other platforms, and offchain services anchored onchain.
Syscoin Platform source code is based primarily on Bitcoin Core, and includes a number of changes and additions to Dash Masternode source code particular to Syscoin Platform services.