Syscoin, a cryptocurrency offering near-zero cost transactions and the world’s first decentralized marketplace, is preparing to release Blockmarket Desktop 1.1 with innovative features such as Syscoin Identities and TOR connections. To ensure data storage security, Syscoin offers 1 BTC bounty to the first person who will crack the private identity encryption.
So, if you are technically-minded and cryptography-savvy, here’s your chance to earn a 1BTC (that’s $5500!).
To participate in the bounty, you need to download Blockmarket 1.0.1 (recommended) or Syscoin-Qt 2.1.5 (devs only) and lookup the ‘bitcoinbounty’ alias on mainnet. In the public data field of this alias, there is an encrypted string containing the information needed to claim the bounty. Read and follow the instructions to collect the 1 BTC prize.
The contest has no expiration date as Syscoin wants people to try to break our encryption.
If no one cracks the encryption until November 1, Syscoin will release Blockmarket 1.1 on mainnet next week. If someone breaks the identity encryption, Syscoin will evaluate the situation before releasing Syscoin Identities with private data. In the worst case, Blockmarket 1.1 will be released next week, but without private data.
Syscoin aspires to offer near zero cost financial transactions like Bitcoin and provide businesses the infrastructure to trade goods, assets, digital certificates and data securely. It is merge-mineable with Bitcoin, supports unique aliases for addresses, and provides distributed certificate issuing and management. Moreover, Syscoin supports a wide variety of marketplaces for selling goods and services.