SYS Labs, a Web3 product suite powered by Syscoin, has launched an innovative EVM Layer-2 solution called Rollux. This solution sets SYS Labs apart from its competitors by offering a unique method of scaling Ethereum. Rollux is designed to optimize the performance of Ethereum network applications by leveraging the power of Bitcoin.
Thrilled to announce📢
𝗥𝗢𝗟𝗟𝗨𝗫 𝗠𝗔𝗜𝗡𝗡𝗘𝗧 𝗜𝗦 𝗟𝗜𝗩𝗘
🌐 The new age of scalable web3 is here! Low cost, fast, and secured by #Bitcoin's network.🔒
— ROLLUX (@RolluxL2) June 28, 2023
Rollux is the first offering from SYS Labs’ series of cutting-edge solutions. It incorporates SuperDapp, an AI-enhanced Web3 social platform with essential chat features, a built-in non-custodial wallet for easy asset management, and optimized versions for both mobile and online platforms. This combination of blockchain and AI technology, protected by end-to-end encryption, represents a significant advancement in the sector’s development.
The ecosystem also includes additional components such as Pegasys DeFi exchange and AMM, Luxy NFT Platform, Pali Wallet (web & mobile), DAOSYS, and Camada. Through strategic collaborations with other teams releasing their products on Rollux, SYS Labs is advancing the development of a robust ecosystem that closely resembles the Ethereum mainnet.
Jagdeep Sidhu, CEO of SYS Labs, highlighted the profound implications of Rollux, emphasizing its ability to deliver speed, decentralization, security, affordability, and scalability. These are the core pillars of blockchain technology that are crucial for driving mass adoption.
Rollux sets a new benchmark in the market as the leading EVM-rollup solution, offering unmatched speed, scalability, and cost-efficiency. Its unique approach of combined mining with Bitcoin ensures high throughput, fast transaction speeds, and an economical user experience with low transaction fees. At the same time, it maintains a high level of decentralization and security.
The launch of Rollux is a significant milestone for the blockchain sector as it addresses the persistent blockchain trilemma, foster hope for widespread adoption, and preserves the core principles that underpin the value of blockchain technology.
Compiled by Coinbold