SYS Labs has announced the launch of Rollux, an innovative EVM layer 2 solution, Rollux. SYS Labs is the company behind the hybrid blockchain Syscoin. This project promises to solve Ethereum’s challenges adding to Bitcoin’s strengths.
Let’s discover more about Rollux and what it can offer us.
What is Rollux?
It presents a distinctive method of scaling Ethereum on the Syscoin platform. Rollux will help Ethereum’s applications perform effectively by leveraging the power of Bitcoin.
The scalability for EVM and for Bitcoin’s security that we’ve all been working toward, and that the world has been waiting for, is finally LIVE.@RolluxL2 changes everything.
Powered by #Syscoin, fueled by $SYS https://t.co/oTerlVcW02
— Syscoin (@syscoin) June 28, 2023
This L2 EVM achieves the fastest speeds or highest throughput at scale. It provides the most cost-effective user experience with the smallest transaction fees possible. It also promotes security at a level that can only be achieved through PoW-merged mining with Bitcoin. This way, it addresses all three parts of the blockchain trilemma.
It’s important to note that Rollux is more efficient than Optimism, another well-known EVM L2 scaling platform:
Source: Website
Rollux Unlocks New Potentials for Bitcoin and Ethereum
📢 Chainge Swap & Bridge is now live for #Rollux and #Syscoin NEVM!
Now you can use @FinanceChainge to bridge your assets directly to Rollux L2 from Ethereum, Polygon and dozens of other chains. pic.twitter.com/im6nKgDWbk
— ROLLUX (@RolluxL2) June 29, 2023
The Future of Rollux
This project has massive potential. It is the only solution that combines the best of Bitcoin and Ethereum while using Syscoin to provide the necessities they lack for unhindered scalability, security, and affordability. SYS Labs has already struck many partnerships with a variety of Web3 teams. At this moment, the first wave of products is already launching on Rollux. This way, SYS Labs is helping to foster the growth of an effective ecosystem that reimagines how the Ethereum mainnet ought to operate.
🎉 Excited to welcome https://t.co/Np0ASoq4OK to the #Rollux ecosystem!
🚀 Now you can mint, explore, trade, and collect the finest next-gen #NFTs with the uncompromising speed, security, and affordability of Rollux! 🎢 https://t.co/DxSTPapTaN
— ROLLUX (@RolluxL2) July 3, 2023
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Syscoin. Copyright Altcoin Buzz Pte Ltd.