RATE Group | Syscoin Launches Fully Decentralized Bridge with Ethereum
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Syscoin Launches Fully Decentralized Bridge with Ethereum

28 Jan Syscoin Launches Fully Decentralized Bridge with Ethereum

Posted at 20:03h in Ethereum News by

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EINDHOVEN, NETHERLANDS / ACCESSWIRE / January 28, 2020 / The Syscoin development team is delighted to announce the launch of the Syscoin Bridge protocol. Starting from block 348,000, ERC-20 tokens will be able to cross over to the Syscoin ecosystem. In doing so they can benefit from Syscoin’s high transaction throughput, low fees, and near-instant secure transactions, while retaining Ethereum’s smart contract functionality and overall supply across both chains. Syscoin bridge represents a significant leap forward in enabling decentralized, trustless, blockchain interoperability.

There have been many attempts to bring interoperability to the blockchain landscape, generally resulting in discrete platforms that struggle to provide cross-chain transactions and other communications. Indeed, many of these efforts have introduced further challenges such as centralization, custodianship, and using a third token or chain as an intermediary.

The Syscoin Bridge solution solves these challenges…

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