Syscoin

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Syscoin

@syscoin

Building the secure foundation for Web3 on Bitcoin, where decentralized finance meets verifiable trust. https://t.co/ST3vuhyfem

Katılım Mart 2010
239 Takip Edilen219.9K Takipçiler
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Syscoin
Syscoin@syscoin·
Voto Libre has just announced its independent audit platform for Peru’s presidential election, a citizen verification tool that lets official polling station tally sheets be uploaded, preserved, and checked publicly. Syscoin is proud to support this initiative with Bitcoin secured infrastructure.
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jagdeep sidhu
jagdeep sidhu@realSidhuJag·
Wanted to shed some more light on this from a developers perspective. The aggregator is the unsolved bottleneck of modular scaling. Everyone's shared settlement layer still carries every byte of every chain it settles. We hit that wall on testnet. Then we removed it: 64 MiB of edge-chain data now crosses Gateway as 1,216 bytes. ~55,000x. Here's the math. @syscoin
Syscoin@syscoin

Most chains scale by asking you to trust more. zkSYS is built to do the opposite. The new testnet update covers Airbender proving, compact Syscoin DA, a lighter Gateway, full local verification, and post-quantum smart accounts. More scale. Less trust. Try now: • Portal: portal.tanenbaum.io/bridge • Explorer: explorer-zk.tanenbaum.io • ChainList: chainlist.org/chain/57057 Full update: syscoin.org/news/zksys-upd…

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Syscoin
Syscoin@syscoin·
The next security era will not wait for permission. With @PaliWallet smart accounts and zkSYS, @syscoin is pushing post-quantum protection toward everyday wallets, while keeping UX simple. Stronger accounts. Smarter verification. Verify, then trust.
jagdeep sidhu@realSidhuJag

I was inspired by recent SLH-DSA / "SPHINCS-" work from Nicolas Consigny and wanted to see what it would look like inside real smart account infrastructure. ethresear.ch/t/sphincs-minu… So we wired the idea into @PaliWallet's smart-account direction and enabled a zkSYS precompile path for efficient post-quantum account security. We now have NIST-approved parameter set optimized for zkSYS users while still enabled for Ethereum and other EVM chains. You can try this on zkSYS testnet today. Grab Pali from github and jump on testnet through here (faucet included) portal.tanenbaum.io

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jagdeep sidhu
jagdeep sidhu@realSidhuJag·
The VRR direction @ethereum proposal calls for ends up validating dynamic governance we developed because we had to figure this out earlier in our lifecycle. In @syscoin dynamic governance solves the problem that the solution to the free rider problem opens up cartel formation by limiting to 10% change per month with a hard cap on max governance. It’s clear most chains that are Turing complete will need economic alignment for public goods but careful consideration needed on how to solve the biggest obstacles. I see the proposal calls for 10% of the subsidy to be directed which is basically what was already tried from 2017-2025) On the long tail this isn’t enough from what we found. A 10% “adjustment” up and down to make it dynamic is needed IMHO to ensure that it can grow and shrink to market demands for public goods and hard/soft costs at the time. A cap to that dynamic growth is required to avoid it running away. There is another layer that the proposal is missing still, but it is good first step towards that realization.
ethresearchbot@ethresearchbot

New post on EthResear.ch! Validator Redirected Revenue By: - clesaege 🔗 ethresear.ch/t/25248 Highlights: - Ethereum faces a persistent coordination failure: many ecosystem improvements are public goods, so voluntary funding tends to underprovide them, creating deadweight loss and harming long-term competitiveness. - Validators are structurally aligned with ecosystem growth (more usage → more demand for blockspace → more ETH burn/value), but they still get stuck in a prisoner’s-dilemma equilibrium where they hesitate to contribute unless others also commit. - The proposal adds a protocol-level mechanism where validators signal a redirect rate: if a majority (e.g., 51%) supports a non-zero rate, that rate becomes mandatory for all validators, solving intra-validator free-riding; the rate is capped (suggested max 10%, min 0%). - Validators also signal preferred funding recipients and allocations; execution clients aggregate these into a “splitter” contract using a king-of-the-hill / Condorcet-winner style process with simple protocol choices (KEEP vs CHANGE), aiming to minimize governance overhead (“set and forget”). - Key open risks include validator cartelization (majority could redirect funds to themselves), principal–agent problems (staking operators controlling votes vs delegators’ preferences), and the possibility that willingness to redirect rewards is interpreted as evidence issuance could be reduced. ELI5: Ethereum needs shared things (like security tools and maintenance) that help everyone, but it’s hard to get people to voluntarily pay because each person hopes others will cover the cost (the “free-rider” problem). This article suggests a built-in way for Ethereum validators (the people who earn staking rewards) to collectively agree to donate a small, capped slice of their rewards to fund important ecosystem work. Validators would also collectively choose where the money goes using a simple voting/competition process, so funding can happen without lots of meetings or bureaucracy—while still acknowledging risks like validators teaming up (cartels) or staking companies voting in their own interest instead of users’.

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Syscoin Hispano
Syscoin Hispano@Syscoin_Hispano·
La comunidad ha hablado y los resultados están listos. Tras una intensa votación descentralizada en nuestra Mainnet, nos enorgullece anunciar a los tres grandes ganadores de la iteración V de Proof of Builders. Felicitamos a los equipos que lograron el mayor respaldo y que se llevarán los fondos de esta edición, distribuidos según su posición: 🥇 Primer Lugar: CivicSys - La Tóxica (@civicsyspe) 🏆 🥈 Segundo Lugar: AI Kids Peru (@AiKidsPeru) 🥉 Tercer Lugar: CEDIT (@CeditDev) La innovación que han demostrado con sus propuestas y agentes autónomos representa un nivel técnico excepcional y un claro aporte de valor a nuestro entramado. Gracias a todos los constructores que participaron y demostraron que el talento de la región sigue marcando la pauta. #Hackathon #Web3 #ProofOfBuilders
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Syscoin
Syscoin@syscoin·
Technical Postmortem: Syscoin Bridge Incident, Recovery, and Remediation On June 7, 2026, Syscoin identified and responded to an exploit involving the UTXO-to-NEVM bridge. The incident was caused by a cross-layer interpretation mismatch between Syscoin Core and the NEVM relay. The funds were traced, returned, and burned to a standard OP_RETURN, restoring the reported coin supply to the expected value. The bridge remains paused while final review, validation, and remediation steps continue. Read the full postmortem: syscoin.org/news/technical… Transparency first. Security always. #Syscoin #SYS #NEVM
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Syscoin@syscoin·
Bridge Update: We have informed exchanges that it is now safe to reopen deposits and withdrawals(if closed). We expect normal exchange operations over the next day or two.
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Syscoin
Syscoin@syscoin·
We acknowledge the request to publicly confirm the official Syscoin recovery address for return of the full affected amount. Official recovery address: sys1qdytsq5am9a7y6hweenl925g3yxtlrvl9fls0yg Bridge operations remain paused as a precaution. Syscoin Core network operations remain live and unaffected. Upon return of funds to the recovery address, the Syscoin team is prepared to engage in a standard whitehat bounty discussion through a private coordination channel.
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GetPOS
GetPOS@getpos_ma·
@syscoin Just shutdown the project… it already dead
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Syscoin@syscoin·
Preliminary Postmortem: Syscoin Bridge Incident We want to provide the community with a preliminary update regarding the recent Syscoin bridge incident involving approximately 5B SYS. The Syscoin bridge is currently paused while the team investigates, finalizes the fix, and works on rectifying the unauthorized SYS output created through the affected bridge path. Summary An attacker exploited a validation issue in the bridge flow that resulted in an unauthorized SYS output being created on the UTXO side. The affected funds were moved and split after reaching the UTXO chain. We are actively tracing those funds and coordinating with exchanges and ecosystem partners to prevent the tainted outputs from being deposited, traded, or further distributed. What happened Based on our current investigation, the incident involved the bridge relay path incorrectly accepting or interpreting a transaction proof. This caused the bridge system to treat the transaction as valid and create an unauthorized SYS output of approximately 5B SYS through the UTXO bridge path. The funds were first sent to: sys1qgaelv690g7wwp2xchfdh0enf5uewzq5sm9wvcw They were then spent and split into additional outputs. The current large tainted balances appear to be associated with: sys1q2k482wnachkgky4lw60973p4vcf7xlh9kzpv33 — approximately 4B SYS sys1qx6jjkq89sdaxftfgre3m0nv7vjfd4jeakg5t38 — approximately 1B SYS Relevant transactions Initial UTXO transaction: explorer-blockbook.syscoin.org/tx/a5b422abbbd… Subsequent spend: explorer-blockbook.syscoin.org/tx/ba6798fac98… Split transaction: explorer-blockbook.syscoin.org/tx/31e12b0dcd9… Actions taken - The bridge has been paused. - We have contacted exchanges and relevant partners and asked them to blacklist, freeze, or closely monitor any SYS deposits connected to the tainted UTXO trail and all descendant spends. - We are continuing to trace the affected funds and coordinate with infrastructure providers and ecosystem partners. Remediation The team has identified the affected validation path and has a fix in place. Our priority now is to complete implementation and review of the fix, while also determining the correct process to rectify the unauthorized SYS output and neutralize its impact on the network. We will provide further updates once the remediation path has been finalized. User Guidance Users should not interact with the bridge while it remains paused. We understand the seriousness of this incident and are treating it as the highest priority. We will continue to share updates as the investigation and remediation progress.
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Syscoin
Syscoin@syscoin·
Over the last year, @DevElCuy has helped bring Syscoin into conversations that extend far beyond crypto: ✓ Digital identity ✓ AI governance ✓ Cybersecurity ✓ Public transparency ✓ Evidence and audit-ability ✓ Digital transformation Those conversations matter.
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Syscoin
Syscoin@syscoin·
Cybersecurity is no longer an IT problem. It’s a governance problem. 🧵 A new feature in Business Magazine Perú (@RevistaBusiness) highlights insights from Syscoin’s Director of Latin America, @DevElCuy, on cybersecurity, AI, digital trust, and the growing importance of verifiable evidence in the digital age. (1/10)
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@realSidhuJag @web3globalmedia @tap_protocol @truflation @POSTHUMAN_DVS @LighthouseWeb3 @ChainAware @dmdcoin