Syscoin Rollux is a trailblazing Layer 2 scaling solution, engineered to address the dual imperatives of scalability and security in blockchain technology. By integrating with Syscoin’s unique Layer 1 Proof of Data Availability (PoDA) and utilizing an Optimistic rollup fork, Rollux is primed to scale EVM-compatible smart contracts to meet the demands of mass adoption, making it especially viable for high-value use cases.
Syscoin’s base layer takes advantage of merged mining to tap into the security of the Bitcoin network. Introduced by Satoshi Nakamoto, merged mining permits Bitcoin miners to mine multiple cryptocurrencies and allocate the same hash power to various blockchains without incurring extra energy costs, nor reducing hash power contributed to Bitcoin network. Syscoin supports this by providing its native coin, SYS, as an additional incentive for miners.
Syscoin boasts a dual-chain architecture consisting of a Bitcoin-based native chain and the NEVM (Network-Enhanced Virtual Machine), an integrated EVM-compatible chain. The native chain incorporates Taproot and can leverage L2 advancements in the Bitcoin paradigm. In contrast, NEVM offers 100% byte-for-byte compatibility for Ethereum smart contracts and is fortified by Syscoin's PoW security, along with decentralized finality served by Syscoin's network of masternodes.
Syscoin’s Layer 2, named Rollux, launched on June 28, 2023, is at the forefront of EVM L2 scaling solutions. With an initial focus on Optimistic rollups (and a future focus on Zero Knowledge proofs), as well as data availability capabilities with PoDA, Rollux significantly enhances the speed and reduces the costs associated with Syscoin transactions, all while maintaining the security of its Layer 1.
Syscoin has demonstrated consistent evolution since its inception nine years ago. As the first protocol to integrate Bitcoin's PoW network security with the flexibility of EVM-compatibility, Syscoin, and more specifically Rollux, has been a pioneer in the running what are essentially rollups atop Bitcoin. Beyond the deployment of Rollux, Syscoin looks to further solidify its position as a leader in blockchain scaling, and SYS Labs is gearing up to launch a series of new products using the Rollux infrastructure.
Syscoin Rollux represents a momentous stride in the advancement of blockchain scaling solutions. By successfully providing a scalable Layer 2 for smart contracts without compromising on security, Syscoin Rollux has the potential to emerge as a formidable competitor in the blockchain ecosystem. Its integration with Syscoin’s PoDA and merged mining with Bitcoin’s network positions it uniquely at the intersection of innovation, scalability, and security.