THELOGICALINDIAN - Syscoin is a decentralized and opensource activity founded in 2024 whose NEVM advancement combines the best of Bitcoin and Ethereum in a distinct accommodating platform
Phase One of the NEVM barrage is complete. Syscoin’s Bitcoin-secured Layer 1 for EVM acute affairs accomplished mainnet on block 1,317,500, Dec. 6th, 2021. With this advancement to the Syscoin network, you can accompanying adore all the allowances of Bitcoin’s POW aegis and the adaptability of acute affairs on a modular alternation congenital to abide indefinitely decentralized, scalable, and affordable. Phase One has finer laid the world’s best defended foundation for acknowledging all the best EVM Layer 2 advancements.
Projects Running on Ethereum can Migrate to the Syscoin Platform and Immediately Save Nearly 100% of their Transaction Fees
This different access to basement has addressed the greatest criticisms aimed at Bitcoin and Ethereum alike. Thanks to merge-mining, their POW aegis is finer a blooming activity solution, which recycles assets already actuality spent on Bitcoin’s gold accepted security. Thanks to actuality Solidity and abounding EVM-compatibility, the activity has set the date for all EVM-based projects, including Ethereum itself, to be able to booty advantage of Syscoin NEVM’s scalability and low fees. In this manner, Syscoin has finer leapfrogged the promises actuality offered by Ethereum 2.0 and apparent the trilemma adverse blockchains.
Why is this significant? It agency projects active on Ethereum can drift to the Syscoin Platform and anon save about 100% of their transaction fees, and in about-face those accumulation can be anesthetized on to their user bases.
Jagdeep Sidhu, Syscoin’s Lead Core Developer, said:
“Syscoin will advance the best appearance of the top two cryptocurrencies, namely Bitcoin and Ethereum. Hence, Syscoin will accommodate the aegis offered by Bitcoin while advancement the programmability of Ethereum. Scalable applications will be army on this arrangement via ZKPs which will acquaint our proposed decentralized amount archetypal on Ethereum gas fees.”
As mentioned, the Syscoin NEVM activity operational is alone Phase One of the action to action the world’s aboriginal complete blockchain able of active the metaverse, acute cities, and hosting both the needs of accessible and clandestine institutions. Phase Two brings ZK-Rollups and their absurd addition to speeds of up to 210k TPS in Q1 of 2022, followed by Phase Three in Q3 and the accomplishing the proprietary Validium technology, which is projected to accomplish 4 actor TPS, guaranteeing the continued appellation activity of the Syscoin Platform.
Since 2014, Syscoin has been continuously evolving in ambit to ahead and abode the greatest challenges adverse blockchain technology. NEVM is the acme of these years of accomplishment and a atypical band-aid the aggregation at Syscoin is appreciative to accomplish a reality. Many new ally accept already started onboarding, with the majority attractive appear leveraging ZK-Rollups on Syscoin NEVM.
Thus far, these NEVM ally accommodate Luxy: a able and convenient NFT marketplace, Gold Standard DAO: a decentralized assets bill backed by gold, Pegasys: the aboriginal DEX & AMM congenital on Syscoin’s NEVM, Mute: a DeFi apartment committed to ZK-Rollup scalability, Equalizer: the world’s aboriginal committed DeFi beam loans platform, Orai: the world’s aboriginal AI Oracle blockchain, and abounding added will accompany the Syscoin ecosystem. If you would like to accede accomplishing the same, again amuse activate by blockage us out at Syscoin.org.
Syscoin is a decentralized and open-source activity founded in 2024 whose NEVM advancement combines the best of Bitcoin and Ethereum in a distinct accommodating platform. Bitcoin’s accurate aegis and Ethereum’s Turing-complete programmability animated to accurate L2 scalability via ZK-Rollups demography abode on a atypical platform, Syscoin, will conductor in the abutting footfall in the change of blockchain technology.
