as Ethereum. We aimed to build the world's first decentralized marketplace and we did. But the blockchain was not fast enough to serve a global marketplace, nor was the demand for a decentralised marketplace large enough. See: Open Bazaar. It also took weeks to onboard 100,000 listings. So we refocuses our efforts on making the most scalable blockchain possible. We added a token layer so it became a token platform and we added ZDAG for high speed transactions, and seeing the world's governments crack down on Crypto, we added the world's first on-chain regulatory compliance capabilities. We added a governance layer like Dash and we also created the world's first trustless Bridge to Ethereum. But the latest innovations will take Syscoin to the next level. Once NEVM and ZKrollups are implemented Syscoin becomes everything that Ethereum is with the security of Bitcoin.
Use-cases? Anything really. Any smart contract that can run on Ethereum can run on Syscoin. Except Syscoin will be 96% cheaper and far more scalable with ZKrollups. Building a Blockmarket that can serve the world would be peanuts to build, but the demand is not there. We have MANY projects under way on Syscoin. We have the LODE tokens which are vaulted Silver and Gold backed tokens, the Luxy project which is an NFT platform, and Blockchain Foundry which is a public company building many projects on Syscoin which will come to light in the coming years.
NEVM is currently on testnet on Release Candidate 3. There are some Windows compatibility issues that we are clearing up but it's close to ready.
ZKrollups will be added in Q1 or Q2 of 2022 which will finalize the project's core making it literally the worlds best, cheapest, securest and most scalable blockchain. Http://Syscoin.org
2) Token allocation
All Syscoin was distributed in 2014. We do not know who owns Syscoin, nor should we as we follow the Bitcoin model of decentralization. All users are free to buy and sell without intervention. The largest wallets you see on coinmarketcap are all exchanges. Members of the Syscoin Team had to buy their own tokens and even team members do not know what other team members hold.
There has been no large pot of funds to draw from for the last seven years as Syscoin ICO funds were stolen by Ryan Kennedy, aka Moolah/Alex Green. See:
https://www.vice.com/en/article/78xqxb/the-guy-who-ruined-dogecoin
https://www.newsbtc.com/news/former-moolah-ceo-alex-green-aka-ryan-kennedy-arrested-uk/
https://www.ccn.com/syscoin-releases-legal-documents-moolah-ryan-kennedy/
https://www.financemagnates.com/cryptocurrency/news/syscoin-says-alleged-mintpal-scammer-ryan-kennedy-arrested-in-u-k/
This means that the Syscoin team did not have funds for marketing, wages, development after the initial ICO. But the team carried on, holding full-time jobs and building Syscoin in the evenings until 2017 when the team was able to go full time by creating a public company, Blockchain Foundry Inc. and adding a Governance layer (like Dash) so that proposals could be made for further funding of projects both inside and outside the team. The Syscoin Foundation holds roughly 1 million coins in their warchest gained through Governance. https://sysnode.info/governance
The Syscoin community has recently voted to approve and allocate additional funding to the Syscoin Foundation. This will be 100m Syscoin to be used specifically to vastly accelerate development and marketing over the next three years.
3) Recent partnership
Klever, Quan Digital, Pallum, Elint Tech, Binance, Matic, Corionx, TU Delft University, BIGG (Blockchain Intelligence Group), Allnodes, Microsoft, Microsoft and IBM's Decentralized Identity Foundation, Whiteblock, VibraVid, Tryvium, TrustToken, LODE, and always adding more. Blockchain Foundry Inc. also has a number of partnerships and develpment contracts under NDA.
4) roadmap
https://syscoin.org/home#roadmap
Thank you very much
thanks 👍🏻
Amazing info 👏👏👏
I hope everything under control right now🌹
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