March 10, 2023 - 2 min read
SupraOracles is excited to announce its partnership with Syscoin, a dual-layered blockchain.
Syscoin brings together the finest features of Bitcoin and Ethereum to create a network for making the fastest, most trustworthy, and most secure Web3 apps.
The modular architecture of Syscoin is intended to give developers the most freedom and to enable the soundest decisions of the blockchain trilemma with the least trade-offs. Syscoin is a Proof-of-Work blockchain solution merge-mined with Bitcoin, with extremely low fees, decentralized Layer-1 security, and Layer-2 scalability. This allows for economies of scale via Rollups, while the Syscoin smart contract platform supports a cutting-edge Web3 environment.
Syscoin’s roadmap consists of deploying ZK-Rollups, Optimistic Rollups, Validium, and DAOSYS (a novel type of DAO that seeks to offer governance-free treasury management and self-sovereignty for all members).
By merging mining with Bitcoin and transferring power to the EVM chain to settle payments on Layer-2, Syscoin aims to become the only full blockchain tech stack in the industry. Through this partnership, Syscoin and SupraOracles will share resources to help each other grow. Syscoin will also use the rapid finality offered by SupraOracles’ oracle services. Additionally, SupraOracles will assist Syscoin in implementing ZKPs (Zero-Knowledge Proofs) for scalability, particularly for their zkEVM, which is fully compliant with current regulations.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“Syscoin is on a quest to create innovative technology that scales the fundamental principles of blockchain to satisfy the needs of a large global population. We are with them on this journey as a partner and share the same vision. I hope they will soon introduce more cutting-edge technology to transform blockchain.”
Jagdeep Sidhu, President and Lead developer of Syscoin, commented:
“We are combining Ethereum’s strengths with Nakamoto’s original design for Bitcoin. By doing this, we want to open up new possibilities for a decentralized, data-driven society where Web3 benefits everyone. SupraOracles’ synchronization with us makes us thrilled.”
SupraOracles aims to connect traditional capital markets with the Web3 environment. We aim to provide a revolutionary oracle toolset to the developer community, allowing them to easily construct, deploy, and manage data applications with superior performance, robustness, and agility.
SupraOracles wants to solve the oracle conundrum and eventually power the future of finance with the help of our developer community and an increasing number of partners.
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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 Optimistic, ZK-Rollups, Cross-chain ZK-Rollups, and other Layer 2 technologies.
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