SYSCOIN (SYS): A trustless and permissionless solution for cross-chain asset transfers

Crypro Project Research

The best blockchain platform for security, scalability and compatibility

Syscoin is a modular layer 1 blockchain that supports fast and convenient layer 2, rollup, and fractal scaling scaffolding.

We aim to pioneer innovations in Bitcoin, Ethereum, and ZK-Rollup in the security, security, and enterprise sectors. Syscoin is also a dual-chain architecture with a rollup-centric design, consisting of an Ethereum-based blockchain called the Network Enhanced Virtual Machine (NEVM) and a Bitcoin-based blockchain called Syscoin Core or Syscoin Main.

Syscoin’s native coin is SYS, which is EIP-1559 You can transfer between two chains via the trustless and permissionless Syscoin Bridge.

How does Syscoin work?

Syscoin leverages the best of both Bitcoin and Ethereum on a single platform. The protocol is based on Bitcoin. SHA-256 It is a PoW model and allows merge mining with Bitcoin.

This means miners can mine BTC and Syscoin simultaneously at no additional cost. This provides a safer DeFi, effectively eliminating the risk of 51% attacks and Long Range Miner Extractable Value (MEV attacks) to which Ethereum is still vulnerable, while maintaining proven Nakamoto consensus and proof-of-work.

The network also leverages a masternode network as a scalable service layer through: chain lock. This is in addition to Syscoin’s own features. UTXO token platformA scalable payment channel that allows users to instantly send and receive tokens with low fees via the Z-DAG protocol1.

Syscoin NEVM is a modular, coordinated dual-chain EVM compatible with any smart contract or rollup built for Ethereum. Other blockchains…