Syscoin Community Weekly Update #10

This weekly update is written by the community for the community, to bring you all the latest Syscoin, Blockchain Foundry and SCMT news! Thank you to our Slack member @blgh for compiling this update. Weekly updates, other articles and a lot more can can also be found on the new website!

Syscoin and BCF News

A New Partnership!

Peer Mountain and Syscoin Announce Partnership to Deliver Regulatory Compliant E-Commerce On-Chain.

Peer Mountain is pleased to announce it has signed a partnership agreement with Syscoin, a top 100 breakthrough token that offers businesses and consumers the world’s first decentralized marketplace in order to conduct e-commerce without intermediaries.

This partnership will enable Peer Mountain to include the support of the Syscoin Protocol on its development map. The companies will work together to develop interface microservices to facilitate interoperability between the Peerchain Protocol and the Syscoin Protocol. In doing so, this partnership will be a way for users to purchase identity verified goods, such as alcohol and tobacco, whilst using both Peer Mountain and Syscoin services.

Both companies will exchange technical information with each other on an advanced basis. They are committed to assisting each other in developing maximum value for their existing communities and, most importantly, for the overlapping community that results from this partnership.

Read more:

Another New Partnership!

Very exciting news, released today! A GlobeNewsWire press release states that AXS Blockchain Solutions Inc has entered into a letter of intent with Blockchain Foundry Inc. (CSE:BCFN) to create ZUBX™, the world’s first Syscoin blockchain-based peer-to-peer marketplace…

Read More:

Weekly Q&A with Dan Wasyluk, CEO of Blockchain Foundry Inc.

Starting Friday 27th July at 4pm US/EST, Dan Wasyluk, CEO of Blockchain Foundry Inc (and one of the founders of the Syscoin Platform) will conduct a weekly catch-up with Q&As, each and every Friday. The weekly catch up takes place on Slack within the ‘General’ channel. Any question can be asked to Dan in the catch-up, so feel free to jump in, and if you haven’t already, join the Slack channel here:

New Project Launching on the Syscoin Platform: AiBB

A new project is coming to Syscoin: AiBB is a portfolio manager and trading assistant with built-in tools to help you analyse and respond to cryptocurrency markets. The ICO starts on the 25th of July. There is also an Airdrop accompanied with the ICO about which more information will be available soon. Read more here about AiBB or visit their website.

Issues with Wallet Transactions Solved in Next Syscoin Upgrade

People have been asking why wallet transactions are taking longer than usual. This was caused by nodes still operating on version 3.0.5 instead of carrying out the mandatory upgrade to 3.0.6. A new upgrade is in development and will be released soon. This will cause deactivation of nodes running 3.0.5. The upgrade is necessary to ensure the Syscoin chain remains fast and efficient.

In The Media

An interesting extended article by Dr. Charles Kaplan about Syscoins Alias Feature and its possible, practical use case within the healthcare sector. Dr. Kaplan describes how the Syscoin API can be a huge advantage in this use case:

BoostPortfolio introduces Syscoin in an extended video, discussing its unique features and differentiating it from other platforms:

New Sludgefeed article about the projects being built on the Syscoin blockchain:

Time to VOTE

Syscoin Community Mini-Proposal

The Mini proposal form closed today, and it is time to cast your votes! 
Vote here:

Masternode Governance Proposals

Every 43800 blocks (30.4 days) a superblock is generated by the Syscoin protocol, minting a maximum of 168630 Syscoin to be distributed amongst winning proposal. This superblock will be block 131400, and will be mined sometime on August 2nd 2018 AEST.
There are a lot of interesting proposals for this superblock, and they can be found here:

Don’t forget to vote on them! Vote closes on approximately July 31st 2018 AEST. (block 127080)

Missing 57K CoinPayments Coin

A community member accidentally sent 57k CPS to an alias that appears to be impersonating the official CPS alias. If you are the owner of the ‘’ alias, please return the 57K CPS asap; send it to the ‘ikw19’ alias.

Here is a message from the community member in question: “Would the owner of ‘’ alias please check their Blockmarket wallet messages, as a CPS payment was sent to you by mistake. Please do the right thing and return it, you are welcome to take a 10% fee”.

SCMT Twitter account

For all the official and latest news releases please follow us for all the latest community news via our SCMT Twitter account, as well as hot-off-the-press Syscoin and BCF updates. The Syscoin team will also share our posts via their official social networking channels, to help spread the word.

Technical Updates

Syscoin 3.0.6 is released and its highly advised and mandatory to upgrade for general wallet users. You can find SYSCOIN QT 3.0.6 here. As stated above, upgrading to Syscoin QT 3.0.6 is mandatory and highly advised by the Syscoin core development team. Instructions for the mandatory upgrade for QT 3.0.6 can be found here:

Step 1: Login to the vps

Step 2.1: If you used Justin’s script, run this command and choose ‘y’ to upgrade

bash <(curl -sL

Step 2.2: If you used BCNF’s manual guide instead, run these commands in vps:

~/syscoin/src/syscoin-cli stop
cd ~/syscoin
git checkout master && git pull
make -j$(nproc) -pipe
cd ~/syscoin/src/sentinel
git checkout master
git pull

You do NOT have to press the start button after updating the node. Pressing that button will reset your qualification time and make you wait for |masternodes| * 2.6 / 60 hours for rewards.


  • At the moment of publishing there are ~1226 masternodes online.
  • Masternode daily reward calculation: 37411.2 SYS per day divided across the number of active masternodes (Currently ~1226).
  • ‘Seniority’ will get you +3% ROI on your block reward for every 4 months running your MN. For example, after the first 4 months, you will get 25.98 + 3% = 26.77 rewards per block.
  • Latest release wallet for creating/managing masternodes is QT 3.0.6. Latest release for Sentinel is 1.1.1.

Checking masternodes

You can check your nodes with your server console on your server (e.g. Putty). Checking the status of your masternode(s) via the server console is always the most accurate way to do so. So if you doubt on QT, check on VPS.

There is a slight differentiation in comments for people who used the Justin Silver script and people who manually installed and update their VPS.

Useful console commands if you used the install script for installing and updating your VPS:

  • Checking your client version: syscli getinfo
  • Checking your masternode sync status: syscli mnsync status
  • Checking your masternode status: syscli masternode status
  • Checking the # of masternodes active: syscli masternode count
  • Checking the uptime of your masternode:
    syscoin-cli masternodelist activeseconds | grep [your IP address]

Useful console commands if you used the manual method for installing and updating your VPS:

Inserting the following lines into your server console (e.g. Putty) let you:

  • Checking your client version: syscoin-cli getinfo
  • Checking your masternode sync status: syscoin-cli mnsync status
  • Checking your masternode status: syscoin-cli masternode status
  • Checking the uptime of your masternode:
    /syscoin/src/syscoin-cli masternodelist activeseconds | grep [your VPSIP address]

If you have any problems with checking the status or other masternode related issues. Please reach out to the community with the ‘Masternodes’ Channel on Slack.

For more information visit