Bitcoin: What is it? A simple guide for beginners

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]

How I was scammed out of $ 45000 on Yobit Gana 0.10% al día en BITCOIN inversión segura y facil con YOBIT Yobit net Trading de criptomonedas, monedero y gana dinero gratis YOBIT EXCHANGE YODOLLAR AIRDROP 700$ ( Rs 139480 )  Bitcoin Sinhalen Bitcoin btc биткоин Yobit New Airdrop Get 1700 Free Dollars копеечка в кошельке yobit.net autodice script - best profit ! #yobit #dice #btc #profit YOBIT DICE Envió de Dinero Yobit a Binance Yobit.net começando a entender trade

Wissenswertes über Bitcoins Unser Bitcoin Chart zeigt Ihnen den aktuellen Bitcoin Kurs in Euro (Kürzel: BTC und XBT) sowie die Bitcoin Kursentwicklung (Bitcoincharts).Wenn Sie Bitcoins kaufen möchten, können Sie sich hier anmelden.In unseren Bitcoin.de FAQs und in unserem Tutorial "Mein erster Bitcoin" erfahren Sie, wie Sie Bitcoins verkaufen oder kaufen können. The Truth Behind Yobit.Net – Pros And Cons Yobit is a website that is shredded with complaints from left to right, not to mention an on-going investigation by the Russian Authorities! Though this investigation has not been proved yet, it would be best to know more about them before you invest. Review Contents Yobit Verification […] YoBit Review. A crypto exchange guide must provide reviews of all of the crypto exchanges out there, so that you can find the right one for you. This review of YoBit consists of four parts: general info, fees, deposit methods and security. General Info. YoBit is a crypto exchange that is currently registered in Panama (previously Russia). It has an extremely impressive selection of altcoin ... Yobit ist eine Cryptocoin Börse, auf der über 100 Kryptowährungen gehandelt werden können. Die Webseite ist zwar international ausgerichtet, aber dennoch stehen mit Englisch, Russisch und Chinesisch nur drei Sprachen zur Verfügung. Der Fokus des Anbieters liegt eindeutig darauf, die Kurse der einzelnen Kryptowährungen möglichst von allen Seiten zu beleuchten und für Kunden auf der ... YoBit ist ein Kryptowährungsbörse, die entwickelt wurde, um Altmünzen einfach zu handeln. Wenn Sie mit Binance und seiner Handhabung vertraut sind, werden Sie sich mit YoBit wohlfühlen. Bevor Sie weiterlesen, sollten Sie wissen, dass YoBit in letzter Zeit viele Beschwerden von Nutzern gegen sie eingereicht hat und sogar Gegenstand von Klagen war, die zu behördlichen Untersuchungen ... YoBit offers a very wide variety of altcoins, and it allows altcoin creators to list their coins seemingly with very little obstacles or verification. But how does the rest of YoBit stack up? Let’s find out. In this YoBit exchange review, we dig into everything you want to know, including: Key Information; How It Works; Trading Fees Bitcoin in a Nutshell Main Features of Bitcoin. Decentralized control: There is no authority that controls Bitcoin.All transactions are visible on a public ledger called the blockchain. Bitcoin is a store of value: You can use Bitcoin to purchase goods and services.; Security: Bitcoin has never been hacked.; Open source: the Bitcoin source code is publicly available and community members can ... Yobit Exchange Fees Yobit is having a flat fee of 0.2% for every trade that has been made. If a person buys 1 bitcoin, then yobit will be charging you 0.002 bitcoins, which will be equivalent to the flat rate that is 0.2 %. When you are selling 1 Ethereum coin, the exchange will be deducting 0.002 either coins as fees. Launched in 2014, YoBit offers access to bitcoin as well as to hundreds of other altcoins and charges trading fees of 0.2% or less per transaction. However, because it’s an unregulated platform it’s important to be aware of the risks before deciding whether to trade on YoBit. Die erste richtige Kryptowährung wurde 2008 konzipiert und 2009 als Bitcoin von einem Pseudonym namens Satoshi Nakamoto als Bitcoin veröffentlicht. Inzwischen ist sie die bekannteste digitale Währung der Welt, obwohl es fast 6.000 digitale Währungen gibt, die bisher eingeführt wurden. Auch in Bezug auf die Marktkapitalisierung ist Bitcoin nach wie vor die stärkste und dominanteste Krypto ...

[index] [15214] [17397] [2900] [18616] [6835] [4583] [11501] [4958] [10874] [13217]

How I was scammed out of $ 45000 on Yobit

EOBOT - best strategy for fast bitcoin mining - Duration: 7:41. GetRichOrDieTrying 32,483 views. 7:41 . PLAY DICE STRATEGY ALWAYS WINS FOR THE TERM INVESTBOX LIZA AT YOBIT - Duration: 10:37 ... Yobit: How to buy coins off Yobit.net exchange (BEGINNERS GUIDE) - Duration: 7:06. Gary Cindy Audie 56,379 views YOBit es un exchange que lleva años y aunque tiene una mala fama de listar muchas shitcoins, su InvestBox es la forma mas sencilla de que ganes un interés por almacenar tus BITCOIN en su plataforma. Emirex Exchange Airdrop Earn up 2000$ 7$ Per Joining 3$ EMRX Per Each Refer l Bitcoin Sinhalen - Duration: 13:05. Darsana Emoney 1,387 views. New La mejor manera de cambiar Dogecoin a Bitcoin con YObit - Duration: 9:01. Satoshi Empire 6,258 views. 9:01. Increase Brain Power, Enhance Intelligence, IQ to improve, ... Acá les dejo la forma de ganar con el dice de Yobit. Este método me lo enseño Satoshi Empire y ya he podido sacar varias ganacias. Espero que ustedes tengan la misma suerte. Cualquier consultas ... La mejor manera de cambiar Dogecoin a Bitcoin con YObit - Duration: 9:01. Satoshi Empire 6,205 views. 9:01. Tutorial de Como Empezar A Invertir En Bolsa Para Principiantes Para Ganar Dinero ... How to earn 0.1% - 10% daily with Yobit InvestBox Update with Bitcoin, Ethereum & Doge - Duration: 15:35. Albanian BlockChain 979 views. 15:35. bitcoin btc биткоин yobit new airdrop Get 1700 Free Dollars копеечка в кошельке Get 1700 Free Dollars: https://yobit.net/free-dollars/?start ...

#