SYS Labs Primed to Take the Industry by Storm

Previously, we alluded to Syscoin being blockchain’s dark horse as we prepared for the release of the Rollux Public Testnet. Sticking with the equine theme, we are proud to introduce one of the mythical variety, or as our Co-Founder Jagdeep Sidhu said: “We are building a unicorn of unicorns.”

Simply put, we recognize the state of the industry: disjointed and separated along unnecessary divisions or in other words: perfectly ripe for a technological breakthrough designed to bring about synergy and order. This is exactly what is needed, to take the best of what works and discard the superfluous to establish the solid foundation upon which decentralized finance can flourish in order to make a positive difference and provide a better path forward.

Our mission is to build and bring to market applications, solutions, and tools that will drive mass adoption of decentralized, trustless technologies. Our goal is to establish a decentralized financial ecosystem that is accessible to everyone, regardless of their geographic location or socio-economic background.

We aim to achieve this by harnessing the power of blockchain technology, leveraging the security and transparency that can only be found within Bitcoin’s gold standard Proof-of-Work, while taking advantage of the accessibility and flexibility of Ethereum-based smart contracts, including the latest in rollup technology to achieve high speeds and low cost. 

Currently, there exists a false division amongst these three critical facets of the industry. We set ourselves apart by unifying each according to its strengths via our own panacea, Rollux.

Rollux is the result of a decade of experience within the fledgling blockchain space, a product of SYS Labs, built in cooperation with the Syscoin Foundation. Our unique perspective has afforded us the opportunity to know what works and what doesn’t, which we have translated into this product in order to create a truly global financial system that empowers people and businesses to transact freely and securely without intermediaries.

Rollux is the first rollup built atop Bitcoin’s Proof-of-Work security mechanism owing to its settlement being rooted in the merged mining of Bitcoin mining pools. It is the flagship product and cornerstone of the foundation upon which SYS Labs is constructing a full-fledged ecosystem to take advantage of the next iteration of the Internet: Web3.

SYS Labs will utilize this position of strength to become a leader guiding Web2 companies into this exciting new territory by providing them with the solutions they need to not only make a seamless transition, but to serve as examples of what’s possible for those who act.

$SYS plays a key role in the progression of this burgeoning ecosystem as it is the fuel that makes it self-sustainable. Some products will require the creation of their own tokens, nevertheless $SYS will remain the reserve utility token necessary for interacting with the ecosystem.

What to expect:

After a year of intense brainstorming, discovery calls, and negotiations with industry experts and partners, we are excited to announce the launch of SYS Labs. This revolutionary ecosystem will begin taking shape in step with the launch of Rollux, offering a range of exciting products and roadmap that will take the blockchain industry by storm. 

We are seeking Seed investments to fund our ambitious product and form robust strategic partnerships that will help us achieve our vision of revolutionizing the world of blockchain technology.

The difference between Syscoin Foundation and SYS Labs:

So what sets SYS Labs apart from the Syscoin Foundation? While the Foundation has been guiding and developing the decentralized Syscoin blockchain since 2018, there are limitations to what a non-profit organization can achieve. That is why SYS Labs is a separate for-profit entity that is solely focused on building products on top of the Syscoin ecosystem, driving adoption and utility to new heights.

Rest assured, the Syscoin Foundation will continue to fulfill its important mission, while SYS Labs blazes a new trail in the blockchain industry. Join us on this exciting journey and help shape the future of the decentralized web!