Syscoin has set out to create a protocol transforming the blockchain experience and combining the best of Bitcoin and Ethereum. The decentralised and open-source project is looking to transform Bitcoin’s PoW into a scalable solution using Bitcoin merge-mining in combination with Ethereum’s scalable NEVM smart contract solution and utilising second-layer ZK rollups for enabling fast token transfers. Syscoin offers a broad range of use cases including secure decentralised settlement, affordable smart contracts and simple value transfers. The project is permissionless and offers custodian-less opt-in features to ensure regulatory compliance at scale if needed. The project’s native coin SYS can be mined during the Bitcoin merge-mining process in the network.