Introducing Rollux, Syscoin's Rollup Suite Ready to Take Market by Storm

We are always innovating our blockchain architecture to offer the most capable platform with Bitcoin’s security and Ethereum's flexibility. Syscoin is holistically designed to enable global mass adoption with the least trade-offs, and to serve everyone from the unbanked to global enterprise and even governments across the globe. Our three-phase NEVM roadmap achieved completion of its first phase with the launch of our NEVM Layer 1 back in December. We now have big news as Phase 2 (rollups) quickly approaches integration. We are excited to reveal Syscoin's in-house Layer 2 rollup suite, named Rollux.

Syscoin Rollux will provide the Syscoin ecosystem with the ability to serve Web3 at scale. Picture speeds and user-experiences akin to Web2, but with the decentralization, security and economic feasibility made possible through the fusion of the best of Bitcoin and Ethereum, found only on Syscoin. Rollux is a complete Layer 2 solution, which will initially employ Optimistic Rollups, followed by ZK-Rollups once they realize maturity. Rollux is a white glove service that will provide Optimistic rollups offering the full advantage of modular tech and unmatched Layer 2 capabilities upon its release.

Watch the Livestreamed announcement of Rollux with Wendy O hosting Jagdeep Sidhu

Jagdeep Sidhu, Lead Developer of Syscoin, had the following to say about these breakthroughs: 

Recently there is renewed interest in the security and scalability aspects of Optimistic rollups. While we strongly believe in ZK-Rollups, we have taken a fresh look at Optimistic technology. One of the reasons it interests us is code-base maturity: Optimistic rollups are more mature than ZK. 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, we can unlock performance and scale that will advance the space and likely give Optimistic Rollups a window of perhaps a few years before ZK-Rollups will have comparable or superior efficiency. 

The direct EVM equivalence in Nitro and Cannon are big steps towards stateless Layer 2 systems, and are new advancements for the scalability and security of Layer 2 systems. All of the Optimistic rollups today on Ethereum suffer from a lack of direct EVM equivalence, requiring teams to create workarounds rife with their own issues stemming from intricacies. However, the imminent Cannon and Nitro updates address these issues by achieving equivalence, and bring a 50x performance improvement over existing rollups which are already 100x more performant than Ethereum’s mainnet. We will be one of the first teams to launch with Bedrock/Cannon technology. Once coupled with Syscoin’s PoDA, ours will be the most efficient, cost-effective, scalable and secure Layer 2 in existence.

Thanks to Rollux, Syscoin’s NEVM will be the first to utilize Proof-of-Data Availability (PoDA) as pioneered by core developer Jagdeep Sidhu. After Ethereum, NEVM will be one of the first to host Optimistic rollups, yet the only one to anchored to Bitcoin’s gold-standard PoW whilst Ethereum 2.0 moves towards PoS. Rollux remains agnostic regarding rollups and will integrate ZK-Rollups once they are ready. However, Optimistic Rollups’ readiness makes it the perfect place to begin lift-off in the greatest launch forward in Layer 2 scaling solutions the crypto space has seen, without sacrificing the decentralization, security, and affordability at the heart of Syscoin.

One of best aspects of the Rollux Suite is that it will be launched as a not-for-profit product of the Syscoin Foundation. As such, we can forgo enforcing a token model so often seen in competitors. We have found that such token models force unnecessary fees and add extra costs for users, creating friction that inhibits adoption. Since all network fees will be payable with the native SYS coin and the network is operated as a non-profit aligned with the best interests of the Syscoin ecosystem, we are creating the most efficient path towards mass adoption. We are laying the groundwork to reach that point by keeping fees cheap, and by using DAOSYS and our treasury to cover costs. In so doing, we will offer seamless integration with scalable infrastructure that is open-source, permissionless, and self-sufficient once decentralized sequencer processes are integrated.

Syscoin Rollux will be the bleeding edge of scaling tech for Solidity-based smart contracts. Rollux is the Layer 2 suite needed in the blockchain space to usher in widespread adoption and maturity. It will be the boon needed to catapult projects running on the Syscoin Platform to scale well beyond current boundaries. Since our NEVM chain is 100% EVM-compatible, it will also be the perfect tool to onboard projects from Ethereum, all of which can benefit from being secured by Bitcoin’s PoW at scale, along with the miniscule fees inherent to the Syscoin Platform.

About Syscoin

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

Syscoin is ushering in the next step in the evolution of blockchain technology, providing Bitcoin's proven security and Ethereum's Turing-complete programmability elevated to true scalability via rollups and other Layer 2 technologies.

Website | Discord | Telegram | News | Github | YouTube | Facebook | Twitter | Instagram

DAOSYS.com | DAOSYS Twitter   

Jun 9, 2022 by Syscoin Foundation