Leading developer Jag Sidhu claims the new solution will drive the expansion of Syscoin and the enhanced performance of its dApps
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- Syscoin enters Phase 2 of NEVM roadmap, rolls-up suite Rolex introduced
- The Syscoin dApps ecosystem has reached a phase of explosive growth
Unlike Ethereum’s Rollup-based solution Optimism and Arbitrum, Syscoin’s Rolex is set to remove the scalability barriers for veteran blockchain and its decentralized applications.
Syscoin enters Phase 2 of NEVM roadmap, rolls-up suite Rolex introduced
According to an official announcement from the Syscoin team shared at the 2022 Consensus Conference, the protocol has achieved a major milestone in terms of technological progress. Following the NEVM Layer 1 upgrade in December 2022, Syscoin introduced its unique rollup suite, Rolex.
#syscoin Contains the gold standards you cherish and build on, and resolves boundaries.
Bitcoin #pow security + #ethereum Flexibility + #economies of scale , @Syscoin $SYS#NEVM is live pic.twitter.com/iTIupdd3AX
— syscoin (@syscoin) 6 June 2022
Syscoin Rollux will initially take advantage of the optimistic rollup; Migration to ZK-Rollup will begin as the solution reaches technical maturity.
Syscoin promotes its Rolex solution as a “white glove” modular service that can be easily integrated into existing dApps and DeFi protocols.
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Jagdeep Sidhu, lead developer of Syscoin, highlights the technical superiority of second-tier solutions that allow blockchains to increase their bandwidth and resource-efficiency by orders of magnitude:
There has been a recent 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 Zk-EVM has 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 possibly give a window of a few years before ZK-rollups will be as efficient.
The integration of Rolex will allow Syscoin to become the first blockchain powered by the next-generation inherently decentralized Proof-of-Data Availability (PoDA) consensus.
Syscoin dApps ecosystem reaches phase of explosive growth
Furthermore, Syscoin is a leader in the use of Rollup technology in hybrid systems as it combines the benefits of blockchain algorithm Ethereum (ETH) and Bitcoin (BTC) technologies.
For the Syscoin Foundation, Rolex will be a non-profit product; DAOSYS Reserve and Blockchain Treasury will be used to cover transaction fees for dApps operating on top of Rolex.
Syscoin Rollux will set a new benchmark in terms of scalability for all Solidity-based smart contracts. Thanks to NEVM’s 100% EVM-compatibility, Syscoin will be able to onboard decentralized applications from Ethereum (ETH) and other first-generation dApp hosting platforms.
