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Syscoin’s Smart Contract Chain Is Live!

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CryptoGlobe

Tue, Dec 07, 2021

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Aliens TLDR

Thanks to our Solidity and full EVM-compatibility, we have set the stage for all EVM-based projects, including Ethereum itself, to be able to take advantage of Syscoin NEVM’s scalability and low fees.

Hence, Syscoin will provide the security offered by Bitcoin while maintaining the programmability of Ethereum.

Scalable applications will be mounted on this system via ZKPs which will introduce our proposed decentralized cost model on Ethereum gas fees.” -Jagdeep Sidhu, Syscoin’s Lead Core Developer As mentioned, the Syscoin NEVM going operational is only Phase One of our grand strategy to offer the world’s first mature blockchain capable of running the metaverse, smart cities, and hosting both the needs of public and private institutions.

Thus far, these NEVM partners include Luxy: a powerful and user-friendly NFT marketplace, Gold Standard DAO: a decentralized reserve currency backed by gold, Pegasys: the first DEX & AMM built on Syscoin’s NEVM, Mute: a DeFi suite dedicated to ZK-Rollup scalability, Equalizer: the world’s first dedicated DeFi flash loans platform, Orai: the world’s first AI Oracle blockchain, and many more will join the Syscoin ecosystem.

About Syscoin: Syscoin is a decentralized and open-source project founded in 2014 whose NEVM upgrade combines the best of Bitcoin and Ethereum in a single coordinated platform.

Bitcoin’s proven security and Ethereum’s Turing-complete programmability elevated to true L2 scalability via ZK-Rollups taking place on a singular platform, Syscoin, will usher in the next step in the evolution of blockchain technology.

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