The virtual deity of EVM and the developmentable smart contracts are offered to the environmental system.
This article explains what this means, the NEVM benefits, and deepen the important basic changes necessary for our developers to apply the NEVM application on the Ciscoin platform.It is important for the community of Siscoin, and for anyone who has an interest in Syscoin, to understand these changes adequately.
What are the default devices?Etheerium was a leader in the virtual machine, which is mainly a processor of the smart contract for ethereum.The smart nodes of the ERC20 basic code can range to a more complex part of code that supports decentralized application in this context.
The ethereum (EVM) virtual engine (EVM) provides a layer of abstraction between the code of the smart nodes and the ethereum network that it is implementing.Most of the smart ethereum contracts are written in Solidity, a programming language created by Dr. Javin Wood, one of the founders of Ethereum.EVM will also provide support for EWASM (ETAREUM Webassembly), which will enable smart contracts coding in different languages including C, C ++ and more, which can be assembled and implemented.
EVM does not implement software instructions directly.Instead, the code is assembled in operating codes when the smart nodes developer is ready to publish it.Operation codes are a set of 141 unique instruction used by the EVM device to implement activities according to the encrypted instructions in the smart nodes.
Each operating code has a fixed gas cost;However, some may also have a dynamic gas cost.The arithmetic voltage is measured to perform any specific transaction on the ethereum network with gas, which in turn is used to calculate the transaction fees in conjunction with the current requests, i.e. "traffic", on the ethereum network.
Turning-Compleness indicates the computer's ability to process every solutionable problem.The goal of EVM's 141 operating codes was to calculate each case, to be a complete Turning in theory.On the practical level, however, the EVM is not really completely turning because the amount of gas available limit each mathematical process.
The importance of virtual machines presented the virtual deity of EVM to the world the concept of decentralized smart contracts and conditional transactions that Bitcoin was not able to provide.The terms of these transactions (smart contracts), and their implementation by EVM, a high block technology that exceeds the very limited use of cash transactions, or the transfer of simple value, to serve as a decentralized computer.
The EVM device is not without defects.The most obvious example of this for the ethereum is that due to the design, it is not developed.This means that with the growth growth, the network will not be able to save the costs of transactions and a constantly reasonable implementation time.Etheerium seeks to achieve a safety system to prove the share in order to address this matter, but it comes at a large cost;Proof of the share by its nature is less secure and less proven (academic and in the real world) from proving work.
What is the improved SYSCOIN network of network (NEVM)? Sysco NEVM is designed to provide smart and inter -operating contracts that can be expanded to smart cities and beyond, while maintaining low cost and performance, and providing strong decentralization settlements that are secured through the security formula for bitcoin work via integrated mining. Blockchain users and market participants will increase in an increased importance of installed safety, especially since the risk of various experimental safety models "returns to find themselves." Moreover, once the ethereum turns to prove the share, the proof of the other class calculation will approach to become unnecessary, while Syscoin will continue to be related.
With NEVM, Syscoin will mainly combine the most powerful bitcoin elements (safety model, compact retail potential, UTXO efficiency and compatibility with future developments of UTXO) with ethereum (a wide benefit for generalized account), on a single -decentralized financial account platform. Syscoin will also improve on both sides. For example, on the UTXO side, the sequential locks will treat the long -term "selfish mining" vulnerability in Bitcoin and strengthen the network against the reorganization effect after the creation of the chain lock, which usually takes up to a minute after each block. On the side of NEVM, we will implement the lack of knowledge to provide expansion and the unreliable inter -operational operation for the full TURING decades. The Chainlock mechanism gives a final guarantee, which is the desired effect and proof of the share on ETHEREUM 2.0.
With the end, we can achieve better restrictions for use assembly designs such as optimistic rotating processes, which require a period of two -week waiting period on the main ethereum network and can be much lower on Syscoin due to the new final guarantees provided by the series.On SYSCOIN, contracts will be waiting for only hours in such designs and using lack of knowledge in ZKROLLUPS, these cloud delays can be completely eliminated.
NEVM's advantages can accommodate smart contracts to a large number of transactions using blockchain, which provides brief guides for one -time executions that can be validated in parallel, instead of re -executing them.
A central cost model leads to a more efficient market for gas fees.
Written, reliable, and tolerant blocks with errors with the availability of interactive data.
The interconnection capacity is circulated across the unreliable chains for ease of integration with various blocks chains, in a much lower cost and additional technical expenses compared to the Systereum V1 system.
Coordinated platform with perfect features to transfer value easily, store value, and generalized computing, while retaining the separation of concerns and expansion.
Integrated mining safety, the most reliable work proving network, and the benefit of the most important retail resources available: Bitcoin
Decision guarantee through the chain restrictions, which are based on the safety of auditors who carry a degree of mineral currencies across the POW and a overwhelming majority of consensus on the edge of the current chain.This is free from the deficiencies in proving the share, especially "nothing at stake", which includes auditors who provide unanimity without supporting exorbitant costs (energy, infrastructure).In the event that an overwhelming majority is not created, the serial lock mechanism declines to the regular bitcoin policy.
Changes on Syscoin for NEVM some changes on Syscoin are necessary for the implementation of NEVM and NEVM to work optimally in the future.Each component is explained below.
Change 1: Adjust the main check of Blukchin Ceskoin to improve serial lock operations. The lifting of the mass goal from one to 2.5 minutes will give the network more time to spread the blocs and verify its health and help ensure the accuracy of the assembly chains created by the legal quorum. The target increase of the mass is compatible with the purpose of the basic layer of Syscoin as a registration court; The presence of a short bloc goal is not closely related to the Syscoin approach that uses L2 to the full expansion and optional probability safety of the Utxo icon transfers. At the same time, we do not want to increase the time of the ban to exceed what is necessary to lock the appropriate chain. 2.5 minutes close to the optimal level.
Change 2: EIP-1559 providing the two main use of blockchain technology are the safe value store (Bitcoin) and services (chains such as NEVM and Ethereum). Providing a blockchain currency must be; At any time, it is suitable for service providers (metal and other stimulating nodes) and for users to cover service recovery fees. It has become clear to the basic SYSCOIN developers that the SYS network is better presented by a dynamic currency width; The demand for service is treated as a shrinking element, and provides a service based on an indefinite service. We aim to implement the EIP-1559 (burning SYS fees, canceling the maximum display on SYS, and inserting dynamic blocks), to increase the benefit of Syscoin currency and its capacity for adoption and feasibility in the long run as a platform that focuses on the benefit. The EIP-1559 is the most appropriate for the SYSCOIN benefit economy, while the most simple width and mass blocks with difficult ceilings are more suitable for the narrow script of the Bitcoin safe storage (Bitcoin).
EIP-1559 will burn the basic gas fees that are spent on NEVM.Priority fees for Bitcoin and other SHA-256 metal workers will be paid for NEVM mining.This will present a dynamic model;The burning of the fees is a deflationary process, while the NEVM mining factor rewards and the continuous Master's bonuses are inflated.There will be a maximum enlargement of about 1.25 % per year.In fact, inflation will be less than 1.25 % due to burning fees and that every Masternoud will not have full seniority.
Benefits: an economic model based on the benefit used by ethereum users, which can work forever.
The subsidies will continue for Masternoud owners / operators indefinitely instead of cutting them when arriving at the ceiling of the show.This helps ensure that Syscoin continues to own a strong network of many full decades in the distant future.
The appropriate service and the appropriate fees on L1 in any case, partly because the limits of the size of the blocks will increase dynamically until the foundation line or decrease towards the foundation line, according to the real demand.
The SYS enlargement rate can range near the expected rate of global population growth.
SYS Mainchain rewards and returns will be the rewards and payments in quantitative terms with the current payments, but will be paid according to groups of 2.5 minutes instead of one minute.
Basic MasterDood: 2.5 minutes x 23.45 = 58.62 SYS per batch
Senior year seniority: 2.5 minutes x 31.66 = 79.15 SYS per batch
2.5 years old: 2.5 minutes x 46.9 = 117.25 SYS per batch
Metal 2.5 minutes x 7.81 Sys = for each batch 19.52 SYS
The above numbers will shrink 5 % each year.
The bonuses of the metal and the governance payments reach zero on the main SYS chain through the shrinkage.Masternoud payments shrink until the basic payment amount reaches 5.275 Sys (10.55 with full seniority).This is done to ensure long -term health and safety guarantees of the full contract network, with the end of the blocks of the blocks.
NEVM series rewards will receive two bitcoin and other SHA-256 metal who mining the Nevm series a fixed amount of 10.55 SYS per block.In addition, they can receive priority fees, if the sender selects them.
Governance proposals and a new technical document The decentralized governance will continue to survive as a basic element to determine the direction of Syscoin as a project.We currently offer four separate governance proposals to be voted by our Masternod operators, which, if passed, will enable us to devote more SYS to develop the statute.
The new technical document Syscoin is about to be complete.It will include information on the above topics, NEVM, and more.It is expected to be completed and issued, pending the results of voting on the above proposals.
NEVM road map
Step 1: Smart Work Declaration Contracts, Fourth Fourth Fourth Furious 2021 will establish the primary version of the main network of Nevm, support for the first layer of EVM and smart contracts;The SYS Nevm Bridge is unreliable, the RPC portal is balanced, and what is required to develop and promote the network.At this early stage;Nevm will operate itself at speeds similar to other EVM devices;But with longer periods of time due to the commitment of Syscoin to prove work.Expansion solutions have already been proposed to achieve faster executive speeds and will be released in subsequent steps.
Step 2: Quick speed via ZK-Rollups in the first quarter of 2022 shortly after publishing the first layer Layer 1 for nevm;We will present the second layer Layer 2 with ZK-Rollups.These smart contracts will enable their scope to 21,000,000 per second;210,000 TPS.At this stage, our smart contract platform will exceed the speed of other EVM devices, while maintaining the minimum fee;It will achieve this while maintaining the security inherent in the Bitcoin and Mining Security model.
Step 3: Validium, the third quarter of 2022 will fulfill this stage with the technical vision of NEVM set by our main developer, jag sidhu;In his paper, which the peer reviews, “Design for a coordinated and effective financial computing platform”;It shows how NEVM will be able to reach the speeds of up to 4 million TPS.This will serve as the backbone of an unparalleled platform that will be able to meet the 3.0 web needs and structural demands for global comprehensive adoption.
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