BCF new partner: Matic

In order to solve the interoperability of blockchain, Blockchain Foundry has partnered with Matic Network, the leading Ethereum smart contract scalability platform. This collaboration will center around exploring the interoperability between Syscoin and the Matic network.

These two networks have already provided mainnet blockchain scalability solutions for Ethereum-based tokens and DApps. Where Matic can scale smart contracts, Syscoin focuses on scalable value transfer through tokens and assets. Through the agreement, the two projects will explore the synergy between each other so that the project can thrive and flourish on the Ethereum network with the fully scalable products needed.

As partners, Blockchain Foundry and Matic will collaborate on research programs, joint ventures, and programs focused on marketing and business development.

Scalability solutions each have their own methods and advantages. Collaboration is the key to the long-term success of the blockchain industry. By combining the scalability advantages of Matic Network and Syscoin, we will be able to create a new era of true scalability for Ethereum-based DApps. Matic Network hopes to cooperate with Syscoin to provide the infrastructure that enables the global Ethereum ecosystem to flourish. -Sandeep Nailwal, COO of Matic Networks.

Matic Network already has a functioning mainnet, which can realize low-cost and high-speed transactions of DApps on the Ethereum network through its sidechain. This sidechain complies with EVM execution standards and allows users to connect between the Ethereum mainchain and the Matic Network sidechain. Move seamlessly between.

Syscoin's decentralized finance (DeFi) solution provides fast settlement time, low-cost transactions, scalability and security, and provides the infrastructure and tools required for mass adoption. With Syscoin, ERC-20 and the Syscoin platform token ("SPT") can now be used as a point of sale ("POS") solution. The scalability of the platform is achieved through Blockchain Foundry's patent-pending Z-DAG technology, which is specifically designed for Syscoin. A third-party audit report shows that Syscoin's network can provide a peak network capacity of 140k TPS (transactions per second).

The company recently launched the world's first blockchain interoperability bridge with the least trust on the Syscoin platform mainnet. Ethereum-based projects can use the Syscoin Ethereum Bridge to move their native ERC20 tokens back and forth between Syscoin and the Ethereum blockchain.

Through this partnership, we will adopt two complementary strategies to deal with blockchain scalability. Matic Network provides a solution to the increasing congestion on the Ethereum main chain. Through the untrusted Syscoin bridge between Ethereum and Ethereum that we recently launched, ERC20 tokens can jump to Syscoin and benefit from its already scalable payment network. The combination of these three networks (Syscoin, Ethereum and Matic) provides a powerful blockchain solution that developers can rely on to fully expand their projects. -Dan Wasyluk, CEO of Blockchain Foundry.

Syscoin (SYS) was launched in 2014 and is a merged mining blockchain supported by Bitcoin's security model and a large part of its hash rate. Syscoin has Blockchain Foundry's patent-pending technology ZDAG (Zero Confirmation Directed Acyclic Graph). Z-DAG can provide settlement time at a low cost in less than 10 seconds, even if the block is full.

Blockchain Foundry Inc. (CSE: BCFN) is a global blockchain consulting and development company. The company specializes in providing blockchain solutions and smart contracts for corporate customers. Blockchain Foundry has also developed and commercialized decentralized ledger technologies such as Syscoin.

Matic Network PTE. LTD. (MATIC) is a decentralized scalability platform solution that uses an adapted version of the Plasma framework to provide the high-speed and extremely low-cost transactions required for large-scale adoption of Ethereum-based DApps. Matic Network has built more than 60 DApps on its network and is one of the most widely used DApp platforms in the industry.

The Matic Network blockchain uses PoS checkpoints pushed to the Ethereum main chain to achieve finality. In this way, a single Matic side chain can theoretically achieve 65535 transactions per block, and in the future it is possible to achieve millions of transactions on multiple chains.

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Syscoin

Founded in 2014, Syscoin is one of the earliest crowdfunding projects in the blockchain field. Before Ethereum introduced the formal 1C0 market, it was supported by early Bitcoin technicians and enthusiasts. It successfully launched its first mainnet in the same year.

Since then, it has achieved many significant milestones, including the development of the first truly decentralized DAG network, becoming a founding member of the Microsoft Central Organization Identity Authentication Foundation, and joining 2Tokens as a technology partner.

Syscoin is now represented by the Syscoin Foundation, which is led by Jag Sidhu, the lead core developer.