Rising Influence: The Six-Month Trajectory of @Syscoin's Social Dominance
🔹The $SYS ecosystem has grown significantly in the past few weeks, as the ecosystem is warming up with several upcoming releases (e.g. @SuperDappAI)
🔸Additionally, PoDa of $SYS is getting traction - further strengthening the narrative of $SYS as a DA layer.
🔹The @RolluxL2 (L2 on $SYS) is shaping up nicely, and is actively onboarding new projects, further broadening the $SYS ecosystem.
I just saw the comments under my
recent posts about my Manta airdrop
so I will be doing a $1000 $MANTA
giveaway soon to my community. Just
like & make sure you are following me.
I will always try my best to give back 🙏
I will be soon doing that $2500 BTC
Challenge where if Bitcoin doesn’t
hit $50k in certain time I will give
$2500 to 5 people randomly.
Hit like if I should do it today !!
🤝 We are proud to join @PolyhedraZK in massively expanding Bitcoin's ecosystem with #PoDA. Most of the answers to our greatest blockchain questions can be solved with #BTC. Stay tuned to see what comes next, because there's much more in store! 😎
https://t.co/A5G8unE3CR
Saito's 7 Innovations 🔴
1️⃣ Automatic Transaction Rebroadcasting
Automatic Transaction Rebroadcasting (ATR) is a vital feature of Saito’s blockchain design.
🤔 But what is ATR?
ATR is just a data-rent mechanism, like paying for a subscription to AWS Storage, but instead of AWS, it’s the Saito blockchain.
Why is this important?
Think about it this way - blockchains are growing BIG and FAST. And so does the cost of storing all that data.
Without an incentive structure, why should nodes store the data at a loss?
They won’t.
This is common sense in the real world, yet ignored in the blockchain world.
⚙️ ATR Mechanics
The mechanism of (ATR) in Saito's blockchain technology involves block producers creating new transactions that include the original transaction data but have entirely fresh and newly-spendable unspent transaction outputs (UTXO).
These new transactions are used to rebroadcast the original transaction and ensure that any UTXO from the set of transactions that have fallen out of the current epoch but contain enough tokens to pay a rebroadcasting fee are re-included in the next block.
This mechanism fixes the tragedy of the commons problem and ensures that the blockchain can grow without collapsing.
🏪 Free Market Mechanics
The rebroadcasting fee paid by ATR transactions is a positive multiple of the average fee paid by new transactions over the previous epoch.
This ensures market competition and pushes up the fees paid by new transactions.
This forces up the fees paid by older transactions and increases the amount of data pruned by the blockchain, leading to an equilibrium where old data is removed from the chain at the same pace that new data is added.
ATR simply creates a maximum theoretical size for the blockchain and induces the market to price access to it properly.
Saito fixes the incentives misalignment, solving the data storage problem in blockchain tech! 🎯
Learn more ��� https://t.co/2zUqDuKyJY
🆕Boom! $SYS (NEVM) just landed at @CryptoWalletcom
Manage it right away in our neobank, and get ready to spend it directly from a card: https://t.co/XbzTh3gEsA
@syscoin 🪩 🤝
👋 $SYS #UTXO is available on the @Klever_io Wallet! #SysArmy, retain control of your UTXO & #NEVM tokens w/ https://t.co/A8niCU1v6S
👛 Easily Send & Receive
🔒 Top-tier Security
🛡️ Safe Storage
🌐 Subtoken Access
🍎 #iOS | 🤖 #Android | 🧧 #AppGallery
https://t.co/NJ9RtSn9fv
🎉 Thank you to @CoinGecko for featuring #Syscoin in their #Modular & #DataAvailability categories!
🌐 Our commitment to scalable & innovative solutions designed to bring blockchain to the masses is gaining recognition.
🔗 https://t.co/j5czYkDYBp
🔗 https://t.co/vzTzBOAWvb