Yobit Exchange Reviews, Live Prices, Social Influence, Trades

Useful Beginner's Guide to Syscoin

What is Syscoin?

Some have described Syscoin (SYS) as the Shopify, Amazon and Ebay of the blockchain world. Syscoin is a revolutionary cryptocurrency that offers near zero cost financial transactions, incredible speed and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely. Syscoin isn’t just about money and trading, it has the ability to attract various business types thanks to its native set of features geared towards business on the blockchain. From eBay traders and High Street shops to Medical applications, Insurance and Gaming, Syscoin’s decentralized network benefits everyone!   Syscoin is developed by Blockchain Foundry (BF). BF provides blockchain technology based services, projects and products for a wide variety of use cases with the stated aim of disrupting markets by leveraging the potential of blockchain technology. Syscoin is mainly known to be the first cryptocurrency to offer a fully decentralized marketplace based on blockchain. What is lesser known is that this is only a part of what Syscoin offers.   With the introduction of Masternodes in February or March 2018 SYS will be transformed from just a ’marketplace coin’ to a completely ‘utilitarian coin’. The Masternode infrastructure allows the addition of decentralized databases and file storage, increased transaction speed to surpass POS/Visa/Mastercard capabilities, true Turing complete smart contract capabilities for unlimited business logic, sidechains, application layers and an identity layer. This will all be accessible through an API, rather than a new language, enabling nearly any developer to create any blockchain application they can conceive. This will usher in the next generation of blockchain applications - made for new or existing businesses - by conveniently offering everything available from the blockchain space today. In simple terms think Dash + Ethereum/Lisk + Monero + Nano + Storj + Particl capabilities all in one coin!    

SYS Origin

The blockchain as conceptualized by Satoshi Nakamoto back in 2008 envisioned a peer-to-peer electronic cash network that would prevent double-spending. A year later, the blockchain became an integral part of bitcoin, serving as the latter's public ledger of transactions. Although Nakamoto's reference client mentioned a decentralized marketplace service, the subsequent implementation did not incorporate this due to a lack of resources.   Syscoin was initially described in a 2014 draft whitepaper that envisioned Decentralized Marketplace Creation, Decentralized Smart Contracts and Documents, Decentralized Certificate Issuance and Transfer, and Decentralized Data Storage and Retrieval, as among the services that it would offer upon its release.   Syscoin aimed to bring Nakamoto's vision of a decentralized marketplace back into the blockchain, among the other commercial-grade services it aims to deliver to clients. Other services that Syscoin plans to provide include secure data storage and transfer, and unique user aliases that link their owners to the services controlled by the alias.   The early Syscoin wallet was superseded by the release of Blockmarket Desktop 1.0 on September 12, 2017, marking the culmination of Syscoin's vision of a fully decentralized marketplace with a desktop GUI based on the blockchain.   The planned release of Blockmarket Web, a fully web-based version, and Blockmarket Professional in 2018 takes that vision one step further, as more advanced seller stores become a reality.    

The Team

The Team that NEVER quits! Before the launch of Syscoin (Q3 2014), there was a presale ICO by Moolah (as a partner), which turned out to be detrimental for Syscoin. The project raised around 1,000BTC for development but the Syscoin Team only managed to access 250BTC which were used for price support. Moolah (Ryan Kennedy) absconded with the bulk of the ICO funds and the Syscoin team were left with ~30million Syscoin at a price around 400 satoshi. Even after this tragic event, the devs didn’t quit and continued to work on the project without stopping. The case against Moolah is still on-going. See the article from CoinDesk here: http://www.coindesk.com/uk-court-syscoin-injunction-moolah-750-btc/.   What is this detail telling us about the dev team? While some crypto projects are just scams and bring little to no innovation, they’ve proven that they are in it for the long term - ably demonstrated by the fact that they continued to work despite their funds being stolen. And now that hard work is beginning to pay off with the entire team going full-time for the first time in January 2018 and new developers being hired following VC funding for BF.
View Team Page.    

Blockchain Foundry Products

BF Products    

What is Blockmarket Desktop?

Building on the World's First Decentralized Marketplace, Blockmarket is the newest generation of Syscoin's Desktop wallet with a complete, state-of-the-art marketplace built-in where you can securely and reliably buy and sell any items you wish. Entire stores can be created directly through the marketplace where you can sell your own products or re-sell others’ products for commission. Use of blockchain technology eliminates middlemen, credit card fees, maintenance fees, downtime and political interference. Persons are literally able to buy or sell anything to anyone, anytime, anywhere on Earth! Blockmarket Desktop was launched on September 12, 2017. Download Blockmarket Desktop 1.2    

Key Blockmarket Features

- Decentralized Marketplace

The marketplace platform provides a decentralized and high redundant channel for selling goods and services. Features include: • Price Pegging to currencies such as USD, EUR, GBP, CAD, CNY and BTC • Bitcoin and Zcash as payment options • Arbitrated Escrow • Encrypted Messaging • KYC/AML Compliance • Images • Unlimited Inventory Items  

- Name Aliases

Wallet addresses for cryptocurrencies generally consist of a unique string of between 27-34 alphanumeric characters. Such an address isn’t easy to memorize. Although the addresses can be added to an address book within the wallet, Syscoin has taken the user's convenience one step further, allowing you to create a unique Alias for your wallet address, such as a name, title, or characters specific to a username. These can be used to send SYS from home, to a mobile wallet, to work, to friends, to common suppliers or to repeat customers easily, without requiring any memorizing, writing it down, copy & pasting or emailing yourself the address.  

- Digital Certificates

Using the cryptography of the blockchain persons can issue, authorize, and exchange digital certificates of any kind. With Syscoin anyone can issue provably-unique certificates with text or ASCII content to one or multiple parties on the Syscoin blockchain. These certificates can be authenticated by anyone via Syscoin’s cryptographic proof of work. This allows for the creation and free exchange of any kind of digital asset such as ownership certificates, warranties, receipts, tickets, certifications, diplomas, software licenses and more.  

- Integrated Exchanges

Integrated Crypto exchanges - Flypme and Changelly will facilitate exchanging 30+ cryptos for SYS, directly within the Blockmarket wallet.  

- Security Audit Verified

Blockmarket was successfully and independently security audited by Digital Boundary Group and was deemed low risk. View Audit Results.    

Blockmarket Desktop – Quickstart Tutorials (16 short vids)

BM Desktop – Quickstart Tutorials    

Blockmarket Web – (The Key to Mass Adoption)

BM web will bring SYS’s existing decentralized marketplace and all its features into a web-based version, enabling ease of use with a simple email and password login (grandma friendly) without any need for downloading a wallet or waiting for sync. Blockmarket web will be launched in Q1 2018.   This launch will be accompanied by a marketing campaign roll-out that seeks to build brand recognition with audiences within the existing crypto ecosystem and more significantly with the broader, global, non-crypto audience. For this reason Ballistic Arts, a full-service marketing agency was retained by BF. BF Engages Marketing Agency    

Primary Target Market + Value Potential

The primary target market for BF’s Syscoin/Blockmarket web flagship is the retail e-commerce industry. This sets up their decentralized marketplace to rival such commercial giants as Amazon ($648B market cap), Alibaba ($453B market cap) and eBay ($43B market cap). According to eMarketer’s Worldwide Retail and Ecommerce Sales report, global retail e-commerce sales for 2017 were $2.3 Trillion. This is expected to reach an estimated $4 Trillion by 2020 reflecting the rapid growth within this sector.   To perform a very simple assessment of the Syscoin/Blockmarket web’s potential let’s assume that a 1% portion of the forecasted $4 trillion market is captured, which represents $40 billion in revenue. Assuming a sales to market cap ratio of 1:1 for simplicity, the circulating supply of 531 million SYS, with a $40 billion market cap yields a price of roughly $75 per coin. However, with masternodes that limit the circulating supply and token utility that extends beyond retail e-commerce, the SYS price could likely reach much higher. Please note that these are just very simple assumptions and projections for this exercise, however the real world driven potential that this project has is clearly evident.    

Key Syscoin Developments

- Z-DAG: Zero Confirmation Transactions with Double Spend Protection (WORLD’S FIRST)

View Developer’s Twitter post View Syscoin’s Twitter post  

- Masternodes

Ability for world-class transactions-per-second performance to scale-out with added nodes (theoretically 100k TPS per 1000 Masternodes, 300k TPS/3k masternodes, etc). In later releases, masternodes will also process smart contracts and facilitate sharded+encrypted offchain file-storage (with onchain anchors), among other touted functionality. They should also result in steadying the price movements - less volatility as holding will be incentivized.  

- Masternode Rewards + Min. Hardware Specs

Masternode Rewards + Min. Hardware Specs Masternode ROI Calculator  

- Smart Contracts

Scalable Ethereum Virtual Machine: Allows Turin complete smart contracts to be executed following the ethereum protocol at a much faster speed and at a fraction of the ethereum gas price.  

- Assets & Token Issuance

With its token issuance service, Syscoin allows anyone to create a custom asset token which can then be sent directly to anyone else on the network. This facilitates a variety of use cases including ICO token issuance, supply chain management, reward points, and loyalty programs.  

- Anonymous Transactions

Anonymous transactions: via mixing/shuffling at user-specified denomination. Afterwards, additional tech will be added in the near future which will further compound the degree of anonymity provided -Add ValueShuffle running on top of the masternode layer and you have the world's most advanced privacy tech in any coin. This brings true money fungibility to Syscoin and the missing link for true economic sovereignty. View Developer’s Twitter post.  

- Instant Send

Transactions can be sent and received instantly. This represents a similar sending capability as Dash, but is a step beyond- A type of backend node locking will allow an instantly received sum to be sent immediately, without delay, and without network risk of double-spend.    

Why Invest in Syscoin?

 

Merchants

Merchant Pilot Program    

Partnerships

Development Updates

White Paper

White Paper.pdf Note: It is anticipated that the whitepaper will be updated by the team in the near future due to recent developments    

Roadmap

Roadmap 2017-2018.png    

Blockchain Application Development Architecture

Blockchain Application Development Architecture.png    

Feature List 2017 & 2018

Feature List 2017 & 2018.jpg    

Where to Buy

BittrexPoloniexUpbitTux ExchangeLivecoinYobitAEXBittyliciousChangellyFlyp.me    

Wallets

• Block Market Wallet 1.2 – Windows and Mac. Download from https://syscoin.org/ • QT Wallet for Developers: Download from https://github.com/syscoin/syscoin2/releases/tag/2.1.6Coinomi – Syscoin MultiCoin Wallet (only supports send/receive)HolyTransaction – Syscoin Multicoin Web Wallet (desktop & android)    

Need Help or Want to Contribute?

If you need help for an important wallet issue or if you want to know how you can contribute in promoting Syscoin Join the Slack channel where the SYS team and community members are active, helpful and responsive.    

Credit To

Other Sources

https://syscoin.org/ https://twitter.com/syscoin https://www.blockchainfoundry.co/ https://en.wikipedia.org/wiki/Syscoin    

Last Updated

This post was last updated on Feb 10 2018.    

Disclaimer

This post was created particularly to aid those who are new to Syscoin. Please note that the content provided within this post is for information purposes only and is not to be construed as investment advice.
submitted by idbrews to SysCoin [link] [comments]

✅ Yobit net Trade for free Bitcoin Tutorial complete How to Buy Cryptocurrency for Beginners (Ultimate Step-by ... Can China Destroy Bitcoin? / Yobit Pumps (and Dumps) - Oct 14th 2018 Why Your Bitcoin Wallet Address Changes Every Time? - YouTube How to buy PACglobal crypto coin! 2020! Collect thousands of free coins from YOBIT How to withdraw cryptocurrency on coinomi and bluestacks How to deposit and withdraw on Binance - YouTube How to buy E-Dinar Coin for Bitcoin on YoBit.net (EDR/BTC) HOW TO CLAIM LITECOIN CASH  NANO S LEDGER , ENJIN WALLET, LOAF WALLET

Bitcoin Code Review: Is It Trustworthy Or Is It A Scam? With the automated trading software, Bitcoin Code, you can now trade Bitcoin and other cryptos profitably. Read this honest and unbiased review before you invest. Published. 6 month ago. on. April 08, 2020 . By. Daniel Reggio If you are interested in trading Bitcoin, chances are that you have come across multiple trading platforms that ... Upon purchase, YoBit funds your wallet Bitcoin with the Bitcoins purchased and deducts your US Dollar wallet for the total amount including the 0.2% fee. In order to sell Bitcoin for US Dollars: Keepkey natively supports 7 of the most common cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin Gold, DASH, Dogecoin, Ethereum and Litecoin. Including ERC-20 tokens it supports over 40 coins. List of KeepKey’s supported cryptocurrencies. This is far less than the over 1000+ cryptocurrencies supported by KeepKey’s competitors. Once you have selected bitcoin, copy the address or scan the barcode to send your funds. Step 5: If you prefer to deposit using fiat currency, select your payment method first, and then click on the ‘Deposit’ box to continue. Step 6: After depositing your account, refresh the ‘Wallet’ page to check your balances and pending deposits. At Yobit exchange there are multiple options are available to exchange between different cryptocurrencies. Deposit Options at Yobit. In you account you have multiple options to deposit/withdraw a fund. Each account of Yobit is having the wallet for Bitcoin, Ether, Zcash, Monero, Litecoin, Dash etc. Wire transfer option is also available. Fortunately, today you can find a large number of different wallets on the Internet. But here you can find several types, some of them guarantee you high reliability, other high speed and ease of use. Today we will overview one of these wallets in our Blockchain.info review. Bitcoin . Ethereum . Litecoin . Dash . Monero . ZCash . XRP . EOS . BNB . Stellar . Research . Reports. Exchange Review; Exchange Benchmark; Other Research; Guides. Coins; Exchanges; Mining; Wallets; Gambling; Latest Guides. How to Be Your Own Bank With the Bitamp Bitcoin Wallet; How to Copy Trade Cryptocurrencies - eToro Guide; What are Bitcoin Perpetual Swaps and How to Trade Them; How to ... Saving a wallet to triviality is simple: copy the wallet.dat file to any other place - to a USB flash drive, to the cloud, to a secret folder - in general, anywhere. To restore such a wallet, it will be enough to reinstall the wallet program again and replace the default wallet.dat file in the corresponding folder. The reliability of this storage method is rather arbitrary: if someone ... Copay - Secure Bitcoin Wallet for Windows 10 - Free; Bitcoin mining - can it be profitable in 2020? Finder; The place for everything bitcoin! Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no one in charge of ... I could either scan the qr code and send bitcoin to this address, or I can copy this and paste it onto my wallet and I could send Bitcoin to this particular address. 01:48 : And you see I've already got Bitcoin on this address. 01:51: The same would apply to any particular coin that you have. 01:55: So should you have coins on another exchange, or one on a particular wallet that you want to ...

[index] [21072] [10475] [7506] [4994] [19094] [11387] [19287] [13371] [9632] [8972]

✅ Yobit net Trade for free Bitcoin Tutorial complete

YobitNet http://bit.ly/EDR2BTC - trading platform for E-Dinar Coin and Bitcoin (EDR2/BTC) Register right now! https://wallet.edinarcoin.com/?r=nbr1 Right now... Collect thousands of free coins from YOBIT http://www.adyou.me/UouM http://www.adyou.me/UouM 2017 ===== طريقة ربح البيتكوين, طريقة ربح ... What is a VPN? How it works and why you should get one - Duration: 6:01. All Things Secured Recommended for you It's very simple, this is why your Bitcoin Wallet address changes every time. Nothing to worry about. Use each and any of the generated addresses as you plea... Copy the private key and import the private key to the LItecoin Cash Wallet to claim the Litecoin cash. Exchanges that you can trade Litecon cash include Yobit, Mercatox, Tradesatoshi, MeanXTrade ... Check Out the UPDATED Version of this Ultimate Guide Here: https://youtu.be/sEtj34VMClU This video will teach you how to buy cryptocurrency for beginners ste... IN today's video we take a look at how to Use Binance , specifically, how to deposit and withdraw on the Binance Exchange. I've set up a new Telegram group f... 2) click the (+) next to the currency you want to deposit then copy the address 3) Once you have sent the currency to the site you can then either buy PAC directly through that currency if that ... This video is unavailable. Watch Queue Queue. Watch Queue Queue China has been accused of being a threat to Bitcoin as Chinese mining pools control 74% of the network hash. We look at what mining pools are and my take on this threat. Bitfinex halted fiat ...

#