Syscoin Signs Major Deal To Boost Web 3.0 Development in Asia

December 21, 2022 – Eindhoven, Netherlands Syscoin, a decentralized and open-source project founded in 2014, has announced a long-term partnership with WEconomy, the largest Web 3.0 incubator in Asia. The move marks a significant expansion milestone for the Syscoin ecosystem and adoption across Asia.

Timeline of Syscoin

Over the past year, the cryptocurrency market has experienced remarkable growth. Due to numerous projects becoming marginalized in the market, many have transformed the entire scenario. One such project is Syscoin. It employs a blockchain network to abolish the necessity for financial intermediaries.

The decentralized finance (DeFi) platform, Luxy, unveiled its first NFT marketplace on the Syscoin network. Accordingly, Luxy is also the first NFT marketplace to be hosted on Syscoin, making it a milestone worth celebrating for the platform.

Starting with optimistic rollups, Syscoin's Rollux suite will enable layer 2 scaling technologies on top of Syscoin's Bitcoin-secured smart contracts. EINDHOVEN, Netherlands--(BUSINESS WIRE)--Syscoin, a state-of-the-art base layer protocol that unique...

Syscoin, a scalable blockchain protocol designed to allow for fast and secure applications, has released its Layer 2 rollup suite dubbed Rollux to enable native or cross bridge apps to tap into Web3 services. The feature is part of Syscoin's march towards the release of its ‘Phase 2: Rollups' and will see projects benefit from The post Syscoin releases Layer 2 Rollup Suite dubbed Rollux appeared first on Invezz.