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Syscoin - Ethereum Bridge Full Walkthrough + Cost Comparison

Written By Kaue Cano on Sunday, Aug 16, 2020 | 12:13 AM

 
In this step-by-step walkthrough I document the process of provisioning a Syscoin - Ethereum Bridge for the BRZ token, while also comparing fees and transaction prices with the Ethereum mainnet. This is a very handy product for your Ethereum-based application. The results shown here were pretty daunting: transferring 12 dollars worth of BRZ through 4 Ethereum mainnet transactions costed me 22.16 dollars in gas fees and took about 9 minutes to completely go through. Doing the exact same operations as SPT on the Syscoin Blockchain costed me only 0.00002204616 SYS (roughly 0.02 tens of thousandth cents) in less than 6 minutes (for multiple confirmations, since ZDAG confirmation is almost instantaneous). Disclaimer: I'm in no way associated with Syscoin, so please read up on their documentation yourself and make sure to check their Discord out in case of any doubts. Mid-video clip by Ewan Kennedy on Pexels. Jazz music by Bensound.

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