THE EVOLUTION OF SYSCOIN PROTOCOL: SYSCOIN 4.0

The Evolution of Syscoin

  • Identities (Aliases)
  • Decentralized Marketplace
  • Certificates
  • Encrypted Messaging
  • Escrow
  • Assets
  • Zero-Confirmation Transactions [Z-DAG]
  • Masternodes
  • Distributed Governance

Z-DAG with Assets

Lessons from Syscoin 3

Research and Development

Introducing Syscoin 4

Syscoin 4.0
Blockchain Foundry Inc.

Migration and Implementation

Syscoin Ecosystem

Improvement of Syscoin 3 Components

Identity

  • Snapshot Syscoin 3 Aliases
  • Create a Set of Decentralized Identifiers (DIDs) rooted in IPFS that represent these aliases.
  • Root the DIDs to the chain using merkle tree hashes.
  • Build application layers on top of the identity layer
  • Land Titles
  • Know Your Customer enabled financial services
  • Distributed Gaming Plug-ins
  • Timestamping Documents
  • Social Media
  • Logging in to web services

Marketplace

  • Snapshot Syscoin 3 Offers
  • Create an Ethereum smart contract for listing/buying offers in an incentivization fee for implementers.
  • This fee can either be burned or returned to developers as a dividend.
  • Offer data is stored off-chain in IPFS or Cloud storage to enable scalability and speed.
  • Increased use of the system creates incentive for developers regardless of network fees.
  • This is a cost effective solution as soon as Plasma is released as fees to create Ethereum contracts will be minimized through Plasma side chains.

Certificates

  • Snapshot Syscoin 3 Certificates and migrate them to an HBT context
  • Root their hashes on the blockchain for proof of state at a given date/time
  • Potentially create a smart contract to tie Identities/Offers to certificates and allow for auto-transfer as part of an offer

Escrow

Stay Tuned!

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Trustless Interoperability. Token & Asset Micro-Transactions. Bitcoin Core Compliant - Merge Mined.

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Syscoin

Trustless Interoperability. Token & Asset Micro-Transactions. Bitcoin Core Compliant - Merge Mined.