Altcoin provider Syscoin has released its final 2.0 beta version in a final step toward the release of its main net release in April.

Syscoin bills itself as a “revolutionary cryptocurrency” that allows low-cost financial transactions, like Bitcoin, while additionally providing an all-in-one decentralized infrastructure enabling trading goods, digital certificates, aliases, encrypted messaging, the first decentralized affiliates service and an arbitrator-based escrow service.

Since launching in its initial beta and becoming an official development partner with Microsoft Azure via their Blockchain As a Service (BaaS) platform, Syscoin has seen its market cap increasing from $200,000 in early February to over $5 million in March, landing it a position as a top 10 traded cryptocurrency on a number of exchanges.

The new 2.0 final beta is available as of today via a test network and provides a range of new decentralized functions and a built-in marketplace.

New integrated systems include encrypted messaging, integration of smart contracts via the combination of certificates and its decentralized marketplace, an affiliate program, aliases, certificates, fiat to Syscoin price-pegging, and enabling Bitcoin Payments as an option.

Syscoin has also announced a plan to reduce the ultimate number of authorized coins from a planned 2 billion down to 900 million, including the current 428 million in order to limit lifetime inflation; the group describes the move as increasing the long-term value of all coins by making sure over half as many as originally planned will still exist.

“Testing Syscoin 2.0 functionality using a testnet is extremely important,” Syscoin spokesman Sebastien DiMichele said in a statement sent to SiliconANGLE. “We want to make sure that if any errors arise, testers do not have to use their own money.”

Smart looking cryptocurrency

We’ve not covered Syscoin here at SiliconANGLE previously but like many cryptocurrencies we have kept an eye on it before now.

What’s impressive, particularly compared to the veritable dog’s breakfast of cryptocurrencies released over the last year or two is that the people behind it are not pushing it like a Ponzi scheme (pick your previous altcoin launch) and are taking development seriously, something that is evident in their partnership with Microsoft.

All altcoins besides Bitcoin are a hard sell outside of the small world of alt-currency traders, but they seem to be placed well going forward, and 25 times growth in value in 45 days would certainly seem to be indicative of growing interest.

Image credit: Syscoin.