$SYS
Syscoin has taken a different approach by merging mining with Bitcoin, providing unparalleled scalability while not sacrificing the economic health of the base layer. Merged mining is a mining mechanism that allows miners to mine two or more cryptocurrencies simultaneously 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, benefiting future generations.
Syscoin's merged mining mechanism not only enhances the security of Bitcoin but also leverages Bitcoin's hash power to secure 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 Bitcoin's security and offering scalability through Rollup. This design allows Syscoin to achieve higher transaction throughput and lower transaction costs while maintaining security.