Syscoin (SYS) Pros and Cons

Introduction to the examination of the pros and cons of Syscoin (SYS)

Is Syscoin (SYS) one of the most undervalued and underappreciated blockchain projects in the current cryptosphere? Well, many think so. In this subsection of the Leo Finance Syscoin (SYS) Coin Guide, let's look at the various pros and cons surrounding this blockchain project to enable you, a potential investor, to possess the information necessary to make the determination for yourself.

What are the pros associated with Syscoin (SYS)?

Syscoin exhibits one of the highest TPS (Transactions Per Second) rates given the current state of blockchain technology. Syscoin's TPS is 60,158 TPS which gives this protocol an important advantage over other blockchain projects. This is achieved by utilizing Z-DAG (Zero Confirmation Directed Acyclic Graph) in conjunction with the Syscoin masternodes network.

SPT (Syscoin Platform Tokens) provides users the opportunity to quickly create a cryptocurrency token on its platform. Use cases for this service include: cryptocurrency systems backed by fiat; cryptocurrency systems backed by services; cryptocurrency backed by real physical assets; and, loyalty points.

As Syscoin is merged with Bitcoin, the system exhibits a high degree of security. As the miners can access Bitcoin and Syscoin simultaneously in the absence of cost increases, Syscoin displays a secure network with potential network vulnerabilities reduced.

Syscoin is an ideal destination for retail businesses. On the Syscoin network, costs associated with tokens and assets are extremely low. In addition transfers of funds and/or ownership of tokens is accomplished using Z-DAG. As such an environment for point-of-sale and real-time transactions is created by Syscoin, perfect for retail transactions.

Syscoin likewise has developed a decentralized marketplace where users may buy/sell any item securely and reliably (with no middlemen, credit card fees, or any type of third-party interference) anywhere on Earth. Entire stores can be created where users may sell their own products or resell other's products.

This marketplace guarantees a 100% uptime.

An arbitrated escrow system is provided [buyers have the functionality to choose a 3rd party (to be mutually agreed upon) to hold funds in escrow pending delivery and sellers gain the assurance their payment is secure].

A general encrypted messaging service is provided to enable easy communication between buyers and sellers.

Syscoin provides a dashboard style wallet which tracks purchases/sales as well as any other P2P transfers.

Syscoin 4.0 introduced the Syscoin Bridge allowing developers to move ERC-20 tokens from the Ethereum chain to Syscoin where they may take advantage of the scalability, high throughput, and low costs Syscoin offers. As well, the Syscoin developers are able to transfer a SPT into an equivalent user-generated ERC20 coupled token to take advantage of Ethereum's smart contracts.

In the same fashion as Hive addresses, Syscoin Identity permits the use of aliases to remove the necessity of long Syscoin addresses.

What are the cons associated with Syscoin (SYS)?

At present, the mainstream on-line retailers such as Amazon, Ebay, etc. are extremely well known with many users committed to their platforms. Syscoin will be required to undertake a prolonged and intensive advertising and marketing campaign in order to attempt to attract these users to switch to the platform.

In the same vein, Syscoin must compete with platforms like Shopify, Magentoo, Woocommerce, etc. that provide the ability of users to easily setup e-commerce locations.

There is absent from the protocol a mechanism available to prevent the sale of illegal items (i.e. drugs, firearms).

Likewise, certain items which may be legal in one jurisdiction may be illegal in a different jurisdiction. At this time a mechanism to register only transactions that are legal in both the buyers and sellers jurisdiction is absent.

Final thoughts reveal that as regards Syscoin, the pros far outweigh the cons.

All of the pros associated with Syscoin are significant and point to value added to the project.

All of the cons associated with Syscoin with some minor innovation and well placed marketing efforts provide that said cons are potentially easily surmountable.

In our opinion, Syscoin's current price of $0.77 is undervalued taking into account all of the positives relevant to this project.

However, every individual investor possesses a different present financial circumstance, tolerance for risk, and investment strategy. These must be weighed in light of the factors and information above provided in finalizing any investment decision. Accordingly you as the potential investor must make the final investment decision that is appropriate for your individual circumstances and in your best interests.

DISCLAIMER - The content herein is presented for educational purposes only and should not be construed as investment advice. Any loss incurred as a result of investing in Syscoin (SYS) is yours and yours alone and may not be imputed to this author. Any foregone gain incurred as a result of not investing in Syscoin (SYS) is yours and yours alone and may not be imputed to this author.