Multichain, Building Bridges with Syscoin
We build too many walls and not enough bridges.
-Joseph Fort Newton
Well no more, Mr. Newton.
Syscoin combines the best of Bitcoin and Ethereum together in one place. It should be understood that we are not trying to reinvent the wheel, but rather power its drivetrain to go further than it ever has before. Multichain, formerly Anyswap, is our latest partner in this endeavor.
With Multichain, Syscoin users will now be able to freely transfer assets between WBTC, DAI, USDC, USDT, TUSD, and ETH. Of course, once these bridges are crossed one could easily expand beyond to Binance Smart Chain, Polkadot, Luna, or any other major chain now accessible via Multichain’s router transformation service.
Cross-chain transfers of the aforementioned six assets can be completed with the appropriate addresses at the following site after connecting one’s wallet: https://app.multichain.org/#/router
Multichain began as Anyswap in July 2020 to service the clear need for blockchain interoperability. It is now the leader in the cross-chain field, with a rapidly expanding family of chains, twenty-seven in counting, and daily volumes well in excess of $100 million.
At Syscoin, we are built on the premise that blockchain technology will be ubiquitous and undetectable. We achieve this with Bitcoin’s security and the fully realized promise of Ethereum’s smart contract platform, which all comes together on our NEVM. Towards these ends and in order to provide additional liquidity to the Syscoin Platform, we have partnered with Multichain. Together, we will expand the reach of Syscoin and drive adoption into vast, new territory.
Syscoin is a decentralized and open-source project founded in 2014 whose NEVM 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, is ushering in the next step in the evolution of blockchain technology.
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Multichain is the ultimate Router for Web 3.0. Its infrastructure, developed for arbitrary cross-chain interactions, is laying down the groundwork needed for the realization of the next technological leap forward. Each blockchain has its own unique services that it provides, its own community and its own development ecosystem, which Multichain seeks to serve through interoperability. There is no restriction on L1s like Binance Smart Chain, Layer 2 scaling solutions such as Polygon, networks of Parachains (e.g. Moonbeam in the PolkaDot system), Bitcoin-based chains like Litecoin, or even COSMOS chains such as Terra. These are all either now integrated, or in the works. With support for all ECDSA and EdDSA encrypted chains, Multichain is almost universally applicable as an interoperable layer.