Syscoin is meant to be utilized by everyone from the unbanked to the world’s most powerful corporations and governments. In order to provide the most competent platform with Bitcoin’s security, Ethereum’s versatility, and its own scaling solutions, the firm is constantly upgrading its blockchain architecture.
It completed the first part of its three-phase NEVM plan by launching NEVM Layer 1 in December. As ‘Phase 2: Rollups’ approaches integration. Rollux, its in-house Layer 2 rollup suite, has just been unveiled.
Web3 services may now be offered on the Syscoin Platform, either natively or through a bridge, thanks to Syscoin Rollux. Syscoin’s blend of the finest of Bitcoin and Ethereum creates a decentralized and economically viable platform comparable to Web2. When ZK rollups reach maturity, Rollux, a comprehensive Layer 2 solution, will use Optimistic rollups. Modular technology will be used to the fullest extent by Rollux, a white-glove service, to provide unequalled Layer 2 capabilities when it launches.
Syscoin’s lead developer Jagdeep Sidhu stated:
“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.”
Stateless Layer 2 systems may be achieved with the direct EVM equivalency in Cannon and Nitro, which will lead to breakthroughs in Layer 2 system security and scalability. Due to their own peculiarities, all of Ethereum’s optimistic rollups now suffer from a shortage of EVM equivalents, prompting teams to devise complex workarounds. Cannon and Nitro upgrades will solve these difficulties by attaining equivalence and a 50x speed gain over previous rollups, which are already 100x faster than Ethereum’s mainnet. After integrating PoDA with Bedrock/Cannon technology, it will have the most cost-effective, scalable and secure Layer 2 globally.
Because of Rollux’s support, Syscoin’s NEVM will be the first to implement Jag Sidhu’s Proof-of-Data Availability (PoDA). Additionally, it will be the first after Ethereum to support Optimistic rollups while Ethereum 2.0 switches to a PoS consensus algorithm. When ZK rollups are ready for usage, Rollux will incorporate them. Decentralization and security are at the core of Syscoin’s design. Still, the availability of optimistic rollups means it’s the ideal starting point for crypto’s largest leap forward in Layer 2 scaling solutions.
As a non-profit product of the Syscoin Foundation, the Rollux Suite is the greatest choice for the projects that want to use it since it will be released without a token paradigm, which imposes unneeded fees and adds more expenses and complexity to the adoption process. It establishes the most efficient road to widespread adoption since all network fees will be paid in SYS tokens. The network is administered as a non-profit aligned with the best interests of the Syscoin ecosystem. It is now establishing the framework to achieve that goal by keeping fees low, relying on DAOSYS and its treasury for cost coverage, and making it easier for decentralized sequencing processes to be incorporated into a scalable, open-source, free-to-use infrastructure (permissionless).
Smart contracts built with Solidity will benefit greatly from Syscoin Rollux’s cutting-edge scaling technology. Rollux is the Layer 2 suite in the blockchain ecosystem that is required to bring about the maturity that comes with broad adoption. As a result, the Syscoin Platform will be able to take more ambitious initiatives to new heights. NEVM is compatible with the Ethereum Virtual Machine (EVM), making it ideal for onboarding Ethereum applications that can all benefit from Bitcoin’s security at scale with the low costs inherent to the Syscoin Platform.
