Syscoin (SYS), a cryptocurrency project that features the world’s first wallet with an integrated decentralized marketplace, announced this week that it has released Syscoin 3.1.0 Core, a mandatory update that brings a number of optimizations, including an improved reward system for masternodes.
— Syscoin (@syscoin) August 24, 2018
According to the announcement, the mandatory upgrade brings multi-threaded transaction verification that is optimized for multi-core processing, an improved peer-to-peer layer for better asset transfers and a number of general bug fixes.
However, the most notable change comes in the form of a boost to the transaction rewards for masternodes. With the latest update, the shared transaction fees with Masternodes is now split 50/50, meaning node holders will receive more SYS moving forward.
With the launch of Syscoin 3.0, the project introduced Z-DAG, an instant settlement protocol enabled by masternodes, to act as the first consensus layer, enabling high-speed transactions for Syscoin services. These masternodes require 100,000 SYS to set up, which equates to around $9,500 with yearly passive rewards of $1,000 at current SYS prices.
The team hopes these new features will facilitate further adoption of the Syscoin blockchain as a platform for the creation of decentralized applications (DApps), joining the blockchain projects already planning ICOs.
SYS is currently ranked 94th in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens and 5th in the AltDex Masternode Index (ALTMSN), which tracks major masternode cryptocurrencies.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.