$SYS
Syscoin has taken a different approach by providing unparalleled scalability through merged mining with Bitcoin, without sacrificing the economic health of the underlying layer. Merged mining is a mining mechanism that allows miners to simultaneously mine two or more cryptocurrencies without sacrificing overall mining performance. This approach enhances the Bitcoin network by providing additional mining incentives, which become crucial as Bitcoin block rewards decrease over time. These incentives help ensure the sustainability of the Bitcoin network, bringing benefits to future generations.
Syscoin's merged mining mechanism not only enhances the security of Bitcoin but also leverages Bitcoin's hashing power to protect the Syscoin network. This means Syscoin can utilize Bitcoin's security without sacrificing its own economic model. Additionally, Syscoin has adopted NEVM (Network Enhanced Virtual Machine), an enhanced version of the Ethereum Virtual Machine (EVM), providing Ethereum equivalence while inheriting the security of Bitcoin and offering scalability through Rollup. This design allows Syscoin to achieve higher transaction throughput and lower transaction costs while maintaining security.
