It gives sovereign owners means that are permissionless and trust-minimized to enable their existing value with new use cases, services, and immediately-ideal characteristics (in areas like transactionality, security, programmability) - options that aren't available when the value is stuck on its original platform.  In a word, Interoperability.  

Token platforms are conducive to cross-chain integrations like this, especially those that offer programmability like Ethereum in which case a clear path to mutual chain awareness is established.  We've accomplished this between Ethereum ERC-20 and Syscoin Platform Tokens using a notion of superblocks... similar to the early Dogethereum idea, but expanded and fleshed-out quite a bit more to the point of actually being production ready and live on a mainnet. ERC-20s can cross to a Syscoin (learn about Syscoin Bridge: https://syscoin.readme.io/docs/what-is-sysethereum-bridge-how-does-it-work) where they also exist as a token on a platform that provides improved means-of-exchange (fast, low-cost microtransactions and scalability - Learn about Z-DAG: https://syscoin.org/news/what-is-z-dag.) - and proven store-of-value which might be particularly important if Ethereum shifts to proof-of-stake. The other side of the coin is that all existing Syscoin Platform Tokens, including SYSX value which is pegged to the native coin SYS, can access Ethereum and all it has to offer ERC-20s.

For interop w/ platforms that don't offer programmability we are exploring ZKP as a way of generalizing the functionality of our bridge.

Syscoin's focus includes leaving intact the proven base layer and using it for its best purpose - record of settlement.  So instead of reinventing the wheel and sacrificing battle-tested security in an attempt to gain higher throughput or otherwise scale, we instead

A shorter way of answering would just be "The reason is the same general idea in what MarkM is doing w/ Stellar, but our path is trust-minimized, permissionless and doesn't involve a token swap where there are reserve tokens in another human's wallet however good their intentions might be"

MarkM, you could integrate assets quite easily for Galactic Milieu. Check out our github when you have time.

It's network enforced that the quantity of the coins burned with `syscoinburntoassetallocation` is the quantity of the specific token to be minted (SYSX Asset: https://sys1.bcfn.ca/asset/1045909988).  The SYSX token was provisioned as such, in part by having its entire max supply minted then subsequently and immediately burned. None of that token is or could float around without having its 1:1 peg as the only way to mint those tokens in the first place (post-provisioning) is out of the token supply that has been burned (again, max supply burned) and that minting can only occur via `syscoinburntoassetallocation` accompanied by a burn of the native coin SYS.

No need to serve as a reserve custodian if it's a coin<->token two-way peg using a burn/mint process based on SPV.  The proofs are the reserve.  If you haven't already, check out Jag's work on Syscoin and how SYS<->SYSX operates between the native coin and the Syscoin Token Platform. Beyond that, from there you can do the same w/ SYSX (Syscoin Token) and get the SYSX (ERC-20).  Then you can play in Ethereum's DeFi land if you want, or do whatever Ethereum people do.

This CoinTelegraph article, written by Syscoin Foundation Chairman and Core Dev Jagdeep Sidhu, covers how new Bridge technology solves blockchain's old tech problems, providing interoperability in a decentralized way.

Full article: https://cointelegraph.com/news/readying-the-blockchain-industry-for-the-next-wave-of-adoption

CoinTelegraph piece includes blockchain insights of Syscoin Platform Core Dev Jagdeep Sidhu including Satoshi's possible foresight of quantum implications for blockchain, the vision of cross-chain consensus made reality by Syscoin Bridge, and the future of ZK-Proofs.

Full article: https://cointelegraph.com/news/the-future-of-crypto-the-latest-cryptography-advances-set-to-change-blockchain

Check out the latest from NewsBTC on Ethereum 2.0 and Syscoin Bridge. "On balance, it seems that the Syscoin Bridge offers an immediate and elegantly simple solution to Ethereum blockchain scalability."

Full article: https://www.newsbtc.com/2020/02/20/will-syscoins-bridge-be-the-scalability-solution-ethereum-developers-are-looking-for/

Syscoin Weekly Update #75:
• Blockchain Foundry Partnership Announcement
• Numerous Top Publishers Cover Syscoin
• Interviews with NKOTB & CryptoCoinShow
• Syscoin Masternodes Get Top Grades
• Blockparty is Back

Catch up here: https://syscoin.org/news/syscoin-weekly-update-75

Quite a privilege to be listed there. Alt.Market is a pioneer in regards to running a truly compliant exchange within the United States. As such, they go out of their way to thoroughly review the projects they list.

Lots of good news this week leading up to the Syscoin Ethereum Bridge go-live!

Announcement: Syscoin Foundation & Blockchain Foundry Inc. have partnered w/ 2Tokens Project. 2Tokens aim to develop a clear path to realisation of value from Tokenisation. Syscoin Foundation and Blockchain Foundry are working alongside tech partners like Dusk Foundation and Ocean Protocol, with support of the European Union, the Dutch government, YES!Delft, Erasmus University Rotterdam, and more.

Last week Syscoin Foundation attended the 2Tokens Roundtable Sessions as contributing members, towards development of Tokenisation Standards.

Link to full article and photos of Roundtable Sessions available in Tweet comments here:
https://twitter.com/syscoin/status/1220385343431741445

Furthermore, check out Syscoin Weekly Update #72:
• Partnership with Major Tokenisation Project
• Upcoming AMAs after Syscoin Ethereum Interoperability Bridge Launch
• Reminder: 4.1.2 MANDATORY UPGRADE
• Syscoin Listed on Alt.Market
• YouTube Review by Atlas Crypto

Link to full Weekly Update article in Tweet comments here:
https://twitter.com/syscoin/status/1220403963142574081?s=20

Great news! Syscoin 4.1 will be released this Friday, December 20th, and Syscoin Bridge Mainnet will be live at block 348,000 (around Jan 28th, 2020), making trustless, permissionless interoperability between Syscoin and Ethereum a reality.  First-of-a-kind interop mechanism which aligns with the ideals of Satoshi Nakamoto.

Expect a blog post Dec 20th covering details of the 4.1 release, instructions, etc.

https://twitter.com/syscoin/status/1207003017511350273?s=20

Read all about it in this blog post: https://syscoin.org/news/41-release-and-blockheight-announcement-for-syscoin-bridge-mainnet

Blockchain Foundry's Syscoin AMAs are changing format to monthly live video to engage even better with the community.  Join the first session in the new format on Dec. 17th 2019 @ 11:00am EST (4:00pm UTC) on @BlockchainDan Twitter.

https://twitter.com/syscoin/status/1205595905501597696?s=20

Learn more about the new AMA format: https://syscoin.org/news/introducing-monthly-blockchain-foundry-syscoin-video-amas

There are some issues with the data in this report.  Inaccurate node counts.  Too low in many or all cases.  I think improper methodology was used to gather the statistics.

Syscoin Weekly Update #69:
• Syscoin joins Messari Disclosures Registry
• Spark Mobile raffle winners announced
• Messari hosting Syscoin AMA on Dec 5th
• New article - Achieving Blockchain Interoperability: Syscoin Bridge

Read the weekly update here: https://syscoin.org/news/syscoin-weekly-update-69

Seems to me Art of Bug has been a major factor helping devs know where to tighten-down testnet prior to upcoming mainnet deployment of the interop bridge.  Good work, and completely deserving of bounties, IMO.

You got most or all of the project details correct, and you're using the most recent logo.  Impressive considering some similar sites I've seen.  Thanks for that.

If grepblock is using CoinGecko as its primary data source, that might be why.  That's a pretty good group.

So much value here.  The older threads are a gold mine for perspective and historical context.  Happy 10 years!

Been testing the trustless+permissionless bridge (SYS -> ETH) on testnet.  So far so good.  Was able to burn my way to ERC20 via SYS -> SYSX (SPT) -> SYSX (ERC20), and my SYSX is visible in MetaMask after successful submission of SPV Proofs.  Still waiting to test ETH -> SYS.  Some minor kinks in the bridge wizard dapp need to be worked out at the moment for ETH -> SYS.  Images of my SYS -> ETH experience are here if interested: https://twitter.com/bstr156/status/1198028662366494720?s=20

My Rinkeby txid: 0x044c11f5183b3d82eb5369a36976a473098077ef1f3829c3d393293a13fc66d6
0.01% token fee is visible, paid to Bridge Agent per transaction.

Currently testing Bridge Agent as well.  Challenge mechanism appears to be functioning properly.  Progress being made on all fronts relative to Bridge.  If anyone likes the idea of earning 0.01% of tokens involved in bridge transactions, and 3 ETH for each superblock challenge won, then it's a good idea to start testing the Bridge Agent before mainnet; better to familiarize oneself on a free testnet. Plus participating in community testing really helps speed up dev.

Here's the guide for testing bridge from an end user perspective (using wizard dapp):
https://medium.com/@bittyjohn1954/syscoin-4-1-syscoin-ethereum-bridge-89d3bb29f213
The wizard allows us to test each step involved in the Bridge process.  In the future this functionality will be far simpler for end users as the process can be automated - provide minimal info, push a button, cross the bridge type of functionality.

Here's the guide for setting up Bridge Agent:
https://syscoin.readme.io/docs/sysethereum-agent

If you want to jump in and help test, make sure to join the official Discord (link available on syscoin.org) and head to the #testnet channel so you can participate in the feedback loop of iterative improvement.

Syscoin Weekly Update #68

• Block Party Amsterdam: Collaboration & in-depth presentations
• Syscoin presentation at TU Delft
• Blockchain Foundry nominated as Blockchain Company of the Year at the 5th Annual Canadian Fintech and AI Awards
• LODE's AGXPay mobile wallet approved on iOS & Android

Article: https://syscoin.org/news/syscoin-weekly-update-68

Raffle Announcements:
 

• Prize tiers & 50k SYS drawing date set!
• Updates/fixes to Syscoin Spark Mobile Wallet (new Alpha version now available for download)

Read about these, and how to participate, in the updated blog post: https://syscoin.org/news/wallet-raffle

Syscoin Community is active and growing, and will continue for the foreseeable future.  As wonderful as this forum is, the world does extend beyond BitcoinTalk.  Active GitHub, new products just released, community efforts expanding, new devs wanting to get involved, event collaboration with other projects, and other things.

Mostly what I'm doing here is sharing Syscoin news.

"It's over. Dead."  
For some reason that's Blurryeyed's heartfelt wish, but it isn't being fulfilled.  They wish this so much that they set my posts to ignore to not see Syscoin news so they can continue pretending it's a dead project.