We are always innovating our blockchain architecture to offer the most capable platform with Bitcoin’s security, Ethereum’s flexibility, and Syscoin’s own scaling solutions. Syscoin is designed to be used by individuals from the unbanked to the elite, global enterprise and even governments across the entire globe. Our three-phase NEVM roadmap achieved completion of its first phase with the launch of our NEVM Layer 1 back in December. We now have big news as ‘Phase 2: Rollups’ quickly approaches integration. We are excited to reveal our own in-house Layer 2 rollup suite, named Rollux.
Syscoin Rollux will offer projects running on the Syscoin Platform, either natively or across a bridge, with the scaling solutions they need to offer Web3 services. Picture speeds akin to Web2, but with the decentralization and economic feasibility made possible through the fusion of the best of Bitcoin and Ethereum, found only on Syscoin. Rollux is a complete Layer 2 solution, which will initially employ Optimistic rollups followed by ZK rollups once they realize maturity. Rollux is a white glove service whose Optimistic rollups will take full advantage of modular tech to offer unmatched Layer 2 capabilities upon its release.
Jagdeep Sidhu, Lead Developer of Syscoin, had the following to say about these breakthroughs:
There has recently been renewed interest in the security and scalability aspects of Optimistic rollups that have forced us to take another look at this technology even though we strongly believe in ZK-Rollups. One of these reasons is code-base maturity: Optimistic rollups are already more mature than ZK because a Zk-EVM is yet to be released and tested in the wild. We also believe that with direct EVM equivalence such as Nitro and Cannon technologies, we can unlock performance and scale that will advance the space and likely give a window of a few years before ZK-Rollups will be as efficient.
The direct EVM equivalence in Nitro and Cannon will grant us a big step towards stateless Layer 2 systems, ushering in new advancements for scalability and security of Layer 2 systems. All of the Optimistic rollups today on Ethereum suffer from a lack of direct EVM equivalence, requiring teams to create workarounds rife with their own issues stemming from their inherent intricacies. However, with the imminent Cannon and Nitro updates address these issues by achieving equivalence, as well as a 50x performance improvement over existing rollups, which are already 100x more performant than Ethereum’s mainnet. We will be one of the first teams to launch with Bedrock/Cannon technology and once coupled with Syscoin’s PoDA, ours will be the most efficient, cost-effective, scalable and secure Layer 2 in existence.
Thanks to Rollux, Syscoin’s NEVM will be the first to utilize Proof-of-Data Availability (PoDA) as pioneered by our own Jag Sidhu. After Ethereum, it will also be the one of the first to host Optimistic rollups, yet the only one to fallback on Bitcoin’s gold-standard PoW security whilst Ethereum 2.0 transitions towards PoS. Rollux remains agnostic regarding rollups and will integrate ZK rollups once ready for use. However, Optimistic rollups’ readiness makes it the perfect place to begin liftoff in the greatest leap forward in Layer 2 scaling solutions the crypto space has ever seen without sacrificing the decentralization, security, and affordability lying at the heart of Syscoin.
The best part of the Rollux Suite for the projects who choose to utilize it is that it will be launched as a not-for-profit product of the Syscoin Foundation as we will forgo enforcing a token model so often seen in competitors, which only forces unnecessary fees and adds extra costs for users and friction to adoption. Since all network fees will be payable in SYS tokens and the network is run as a non-profit aligned with the best interests of the Syscoin ecosystem, we are creating the most efficient path towards mass adoption. We are laying the groundwork to reach that point by keeping fees cheap, using DAOSYS and our treasury to cover costs, and in so doing providing a seamless integration for scalable infrastructure that is open-source, free-to-use (permissionless), and self-sufficient once decentralized sequencer processes are integrated.
Syscoin Rollux will be the bleeding edge of scaling tech for Solidity-based smart contracts. Rollux is the Layer 2 suite needed in the blockchain space to usher in the kind of maturity that comes with widespread adoption. It will be the boon needed to catapult projects running on the Syscoin Platform to the scale where boundaries are removed. Since our NEVM chain is EVM-compatible, it will also be the perfect tool to onboard projects from Ethereum who can all benefit from being secured by Bitcoin’s security at scale with the miniscule fees inherent to the Syscoin Platform.
About Syscoin
Syscoin is a decentralized and open-source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum in a single coordinated modular platform.
Syscoin is ushering in the next step in the evolution of blockchain technology, providing Bitcoin’s proven security and Ethereum’s Turing-complete programmability elevated to true scalability via rollups and other Layer 2 technologies.
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