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What is Syscoin?

A community dedicated to open-source development is committed to improving Bitcoin's scalability, particularly in relation to its proof-of-work security, to meet global demands and adapt to new applications, while also honoring the core principles upon which Bitcoin was built. Over the past ten years since its mainnet debut, Syscoin has established itself as a frontrunner in providing a resilient network and protocol designed for projects aiming to leverage Bitcoin Layer 2 solutions. As a Bitcoin Layer 2 operating directly on the mainnet, Syscoin implements a data availability protocol that facilitates the deployment of EVM and AltVM rollups on the Bitcoin blockchain. By being merge-mined by a substantial portion of Bitcoin's hash rate, Syscoin effectively ties these rollups to the reliability of Bitcoin's proof-of-work system, allowing for a smooth integration with the existing sequencer frameworks of these rollups. Furthermore, Syscoin offers a scalable data availability layer crucial for rollups and other EVM or AltVM platforms, enabling them to connect to Bitcoin’s network in a secure and efficient manner. This pioneering strategy not only increases Bitcoin’s functionality but also solidifies its role in the rapidly changing world of cryptocurrencies, paving the way for future innovations and broader adoption. As such, Syscoin is not only a participant in the ecosystem but also an influential driver of Bitcoin's ongoing evolution.

What is Rootstock?

Rootstock emerges as a pioneering Bitcoin sidechain that merges the robust smart contract capabilities of Ethereum with Bitcoin’s unmatched security features. As an open-source platform, it leverages Bitcoin's proof-of-work consensus mechanism and utilizes more than 60% of Bitcoin's hashing power through merged mining, which greatly enhances its reliability. This collaboration enables developers to build EVM-compatible smart contracts, thereby fostering the development of decentralized applications that capitalize on the robust security of Bitcoin's network. The platform's native currency, RBTC, is pegged to Bitcoin at a 1:1 ratio, which streamlines interactions with decentralized finance (DeFi) protocols and dApps, enabling seamless processes like minting, swapping, and gas fee payments. Furthermore, the PowPeg protocol is essential for ensuring secure and efficient two-way transactions between Bitcoin and Rootstock, which significantly boosts the interoperability of both networks. Rootstock's growing ecosystem provides users with diverse applications, allowing them to swap, stake, and optimize yields using platforms like Sushi and Beefy, as well as trade on Oku, showcasing the platform's versatility and broad appeal. Consequently, Rootstock not only creates an environment rich in opportunities for developers but also empowers users to fully explore and leverage the advantages of blockchain technology in their daily activities. With such a comprehensive framework, Rootstock stands poised to play a vital role in the future of decentralized finance and blockchain innovation.

Media

Media

Integrations Supported

Bitcoin
Ethereum
MetaMask
Polyhedra
Sentry
StakeCube

Integrations Supported

Bitcoin
Ethereum
MetaMask
Alchemy
Arbitrum
Base
Built2Buy
FreightPOP
Gelato
LayerZero
Oku
Rubic
SushiSwap
Symbiosis Finance
The Graph
pell
thirdweb

API Availability

API Availability

Pricing Information

Free
Free Version

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

Syscoin

Company Location

Canada

Company Website

syscoin.org

Company Facts

Organization Name

Rootstock

Date Founded

2018

Company Website

rootstock.io

Categories and Features

Blockchain

Not specified

Layer 2 Protocols

Not specified

Categories and Features

Layer 2 Protocols

Not specified

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