Syscoin Platform is Ready for The Great Reddit Scaling Bake-off

We have submitted an entry to The Great Reddit Scaling Bake-off.  All things considered, we believe Syscoin Platform will stand out as the fastest, highest-bandwidth, most cost-effective solution for creating and distributing Reddit Community Points.

There are multiple ways to apply Syscoin Platform to this challenge, and we are providing the contest judges with three options to choose from:

  1. Transactions of Reddit Points are entirely carried out on the Syscoin network. This provides the most scalability and cost benefits , with the trade-off that smart contract functionality is removed.
  2. The Reddit Community Points ecosystem continues to use existing smart contracts on the Ethereum network. Users simply move a portion of their tokens across the permissionless Syscoin Bridge to the Syscoin Platform to gain much lower fees, scalability, and a proven base layer; they would use Syscoin for user-to-user transfers. Real-world benefits of our network include: tips redeemable in ten seconds or less, a high-throughput relay network, and onchain settlement at a block target of 60 seconds.
  3. A Syscoin Platform and Matic Network integrated solution. This would provide Reddit Community Points with EVM scalability on the Matic side, and performant simple value transfers, robust decentralized security, and sovereign store-of-value on the Syscoin side. It’s “the best of both worlds”. The trade-off is more complex interoperability.

You can find detailed technical information about our proposal in the r/Ethereum Subreddit.

Jul 31, 2020 by SMT