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Syscoin is a crypto currency that is universally merge-mineable and offers a unique variety of services including decentralized identities, asset token issuance platform capabilities directly on the blockchain and trustless 0-counterparty interoptibility with the Ethereum blockchain

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Nov 23, 2021

Syscoin Core integration/staging tree

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For an immediately usable, binary version of the Syscoin Core software, see https://syscoincore.org/en/download/.

Further information about Syscoin Core is available in the doc folder.

What is Syscoin?

Syscoin is an experimental digital currency that enables instant payments to anyone, anywhere in the world. Syscoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Syscoin Core is the name of open source software which enables the use of this currency.

For more information, as well as an immediately useable, binary version of the Syscoin Core software, see https://syscoin.org/, or read the original whitepaper.

Syscoin is a merge-minable SHA256 coin which provides an array of useful services which leverage the bitcoin protocol and blockchain technology.

Hybrid layer 2 PoW/PoS consensus with bonded validator system (masternodes) ZDAG technology for point-of-sale speeds and probabilistic confirmations useful for microtransactions Trustless sidechain access to NEVM and back through a custom permissionless/trustless sidechain technology (SYSX bridge) https://github.com/syscoin/sysethereum Decentralized governance (blockchain pays for work via proposals and masternode votes) Digital asset creation and management. ZDAG is open-source and developed over the course of 12 months by Blockchain Foundry Inc, with external audit done over 6 months by Whiteblock. Performance report can be found here.

Governance formula: We have implemented a % decline schedule — starting the first month with 1500000 SYS and ending on the 24th month with 196708 SYS. After that period, the superblock starts with 151767 SYS a month and will decline 5% every year. Read more about it here: https://medium.com/@syscoin/syscoin-4-0-rewards-specifications-a3dc01d85adf.

Interoptibility between UTXO assets and ERC20 NEVM account model through a trust-less, zero custodian, zero counterparty internal bridge. Documentation can be found here.

For more information, as well as an immediately useable, binary version of the Syscoin Core software, see https://syscoin.org/, or read the original whitepaper.

Syscoin is a merge-minable SHA256 coin which provides an array of useful services which leverage the bitcoin protocol and blockchain technology. It enables turing complete smart contracts running in an NEVM (Network-enhanced Virtual Machine) to leverage bitcoin security through merged-mining. Scaling the technology will happen on layer 2 (zkRollups for NEVM and Lightning Networks for UTXO assets).

  • Block time: 150 seconds target
  • Halving interval: 210240 (~1 year)
  • Rewards: 96.25 Syscoins per block deflated 5 percent per year
    • 10 percent to governance proposals
    • 90 percent split with miner/masternode of which:
      • 25 percent to miner
      • 75 percent to masternode
  • 50 percent of the transaction fees paid to masternode
  • Masternode minimum subsidy(before seniority): 5.275 Syscoins (can not go below this amount even accounting for deflation)
  • NEVM subsidy (EIP1559): 10.55 Syscoins (static, not deflating)
  • SHA256 Proof of Work
  • Mineable either exclusively or via merge-mining any SHA256 PoW coin
  • Masternode collateral requirement: 100000 Syscoins
  • Masternode seniority: 35 percent increase after 210240 blocks (~1 year), 100 percent increase after 525600 blocks (~2.5 years)
  • Governance proposals payout schedule: every 17520 blocks (~1 month)
  • Governance funding per round (Approx. 2m Syscoins per month to start)
  • Governance funding gets 5% deflation per round (superblock). See formula below
  • Codebase based off of latest Bitcoin Core (https://github.com/bitcoin/bitcoin)

For more information read the Syscoin whitepaper.

License

Syscoin Core is released under the terms of the MIT license. See COPYING for more information or see https://opensource.org/licenses/MIT.

Development Process

The master branch is regularly built (see doc/build-*.md for instructions) and tested, but it is not guaranteed to be completely stable. Tags are created regularly from release branches to indicate new official, stable release versions of Syscoin Core.

The https://github.com/syscoin-core/gui repository is used exclusively for the development of the GUI. Its master branch is identical in all monotree repositories. Release branches and tags do not exist, so please do not fork that repository unless it is for development reasons.

The contribution workflow is described in CONTRIBUTING.md and useful hints for developers can be found in doc/developer-notes.md.

Testing

Testing and code review is the bottleneck for development; we get more pull requests than we can review and test on short notice. Please be patient and help out by testing other people's pull requests, and remember this is a security-critical project where any mistake might cost people lots of money.

Automated Testing

Developers are strongly encouraged to write unit tests for new code, and to submit new unit tests for old code. Unit tests can be compiled and run (assuming they weren't disabled in configure) with: make check. Further details on running and extending unit tests can be found in /src/test/README.md.

There are also regression and integration tests, written in Python. These tests can be run (if the test dependencies are installed) with: test/functional/test_runner.py

The CI (Continuous Integration) systems make sure that every pull request is built for Windows, Linux, and macOS, and that unit/sanity tests are run automatically.

Manual Quality Assurance (QA) Testing

Changes should be tested by somebody other than the developer who wrote the code. This is especially important for large or high-risk changes. It is useful to add a test plan to the pull request description if testing the changes is not straightforward.

Translations

Changes to translations as well as new translations can be submitted to Syscoin Core's Transifex page.

Translations are periodically pulled from Transifex and merged into the git repository. See the translation process for details on how this works.

Important: We do not accept translation changes as GitHub pull requests because the next pull from Transifex would automatically overwrite them again.

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Syscoin is a crypto currency that is universally merge-mineable and offers a unique variety of services including decentralized identities, asset token issuance platform capabilities directly on the blockchain and trustless 0-counterparty interoptibility with the Ethereum blockchain

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