Syscoin is a cryptocurrency.
Syscoin 1.0 was the world's first decentralized marketplace. Syscoin 1.0 was a scrypt algorithm altcoin based on Litecoin. Total Coins mineable: 2 billion. The original whitepaper included Decentralized Marketplace Creation, Decentralized Smart Contracts and Documents, Decentralized Certificate Issuance and Transfer and Decentralized Data Storage and Retrieval. Some of these services were available upon launch but only accessible through a command-line interface.
Announced on April 16, 2014 at 12:15pm PST on Bitcointalk. Presale began on July 19, 2014 at 0.00000465 BTC/SYS with Moolah.io as escrow agent. ICO price was .00000518 BTC/SYS. Full launch was announced for August 16, 2014. The ICO raised 1500 BTC of which 250 BTC was used for "buy support". Moolah (Ryan Kennedy aka Alex Green) stole the remaining 750 BTC.
Development Team: Sebastian Schepis, Dan Wasyluk, Michael Wheeler, Jonathan Heald, Soeren Pederson, Sebastien DiMichele
Syscoin 2.0 added a graphical interface and additional features to the Syscoin decentralized marketplace. Additional features include price-pegging, arbitrated escrow, encrypted messaging and Bitcoin as a payment option. Syscoin 2.0 switched algorithms to SHA-256 and became merge-mineable with Bitcoin. Total Coins mineable: 900 million.
Launched May 1, 2016 at 12:15pm PST
Development Team: Jag Sidhu, Dan Wasyluk, Sebastien DiMichele, Brad Hammerstron, Sebastien Schepis