Syscoin Shared Node

Syscoin (SYS) is a veteran blockchain that aims to meld the security of Bitcoin (BTC) with the functionality of Ethereum merging the benefits of two leading blockchains. Syscoin (SYS) was introduced in 2014 as an attempt to supercharge Proof-of-Work (PoW) blockchain with extended programmatic tooling.

Together with Bitcoin Foundry, the Syscoin (SYS) blockchain team created the NEVM (Network-Enhanced Virtual Machine). It is a horizontally scalable computational protocol that can achieve up to 210,000 TPS.

By 2023, Syscoin’s NEVM is set to undergo a series of major upgrades; its throughput can jump to over 1,000,000 TPS. This mechanism also can support ZK-proofs, a novel EVM scaling technique.

Syscoin’s (SYS) blockchain economics is underpinned by a core native cryptocurrency SYS.

Syscoin (SYS) ecosystem leverages a distributed ecosystem of masternodes. Syscoin (SYS) masternodes are actually incentivized full nodes that provide Syscoin’s (SYS) dApps with security and consensus layer.

Syscoin (SYS) nodes use Chainlocks mechanism: it outpaces Ethereum's finality and protects Syscoin (SYS) ecosystem decentralization from selfish mining. As of Q3, 2022, over 40 per cent of SYS tokens are locked in 2,500+ Syscoin masternodes.

75 per cent of each regular block reward is distributed between Masternode operators. 25 SYS are distributed between network participants daily.

GetBlock, a leading blockchain nodes provider, connects dApps to shared and dedicated Syscoin (SYS) nodes. Shared Syscoin (SYS) nodes stack by GetBlock is a ready-made instrument for early-stage dApps.

Syscoin (SYS) shared nodes are available on free and paid tariff plans; paid plans start from $6 for a limited number of requests to Syscoin (SYS) shared nodes.

Syscoin (SYS) shared nodes can supercharge various types of decentralized applications including DeFis, NFT marketplaces, GameFis, wallets, exchanges, and so on.

Syscoin (SYS) dApps ecosystem is still in its infancy. However, it already on-boarded decentralized bridge between to NEVM mechanism.

SysMint DeFi protocol and PegaSys decentralized cryptocurrency exchange (DEX) are the most popular dAppd on Syscoin (SYS) nodes. In May, 2022, PegaSys DEX smashed through $10 mln in TVL milestone.