# Background

<mark style="color:orange;">Blockchain technology has fundamentally transformed the way digital transactions are conducted. It has introduced decentralization, transparency, and security to financial and business ecosystems. However, despite its significant advantages, the technology faces persistent challenges that hinder its widespread adoption. High transaction fees, slow processing times, and energy inefficiencies are common issues that legacy blockchain networks, such as Bitcoin and Ethereum, continue to struggle with.</mark>

As blockchain adoption increases, networks become congested, leading to longer transaction confirmation times and increased gas fees. Ethereum, for example, has faced scalability challenges, with transaction costs soaring during peak network usage. Similarly, Bitcoin’s Proof-of-Work (PoW) consensus mechanism, while highly secure, demands substantial computational power, making it environmentally unsustainable. These inefficiencies create barriers for developers, businesses, and everyday users who seek a more seamless and cost-effective blockchain experience.

<mark style="color:purple;">**The Need for a New Approach**</mark>

<figure><img src="https://440578931-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRVAnlv5lOOWu7rYsSbrJ%2Fuploads%2F4TH4RZDyC7R0ph7vzgyO%2FRoadmap%20(%20Development%20%26%20Foundation%20(Q1%20-%20Q2%2C%202024).png?alt=media&#x26;token=ac412faf-d6fe-4c24-a1f1-61701d1aeea0" alt=""><figcaption></figcaption></figure>

Syzyky Coin was developed as a solution to these fundamental problems. By introducing a high-performance Proof-of-Authority (PoA) consensus mechanism, Syzyky offers a blockchain network that is faster, more efficient, and cost-effective than traditional PoW and Proof-of-Stake (PoS) networks. PoA is designed to provide security and decentralization while eliminating the need for energy-intensive mining operations. Instead of relying on computational power, PoA networks use a reputation-based system where validators are selected based on their credibility and trustworthiness.

This approach significantly enhances transaction speeds, reduces energy consumption, and minimizes transaction costs. Unlike PoW blockchains that require miners to solve complex mathematical problems, PoA validators approve transactions based on a consensus mechanism that prioritizes efficiency and trust. This makes Syzyky one of the most eco-friendly blockchain solutions available today.

<mark style="color:purple;">**Overcoming High Fees and Slow Transactions**</mark>

One of the major pain points of existing blockchain networks is the high cost of transactions. On Ethereum, for instance, users often pay exorbitant gas fees during periods of high network activity. Syzyky eliminates this issue by implementing a fixed transaction fee of 0.1%, with 50% of all fees being burned to create deflationary coin distribution. This ensures that network costs remain predictable and affordable for all users.

In addition to lower fees, Syzyky is designed to handle thousands of transactions per second (TPS), making it one of the fastest blockchain networks. Whether for decentralized finance (DeFi), NFT minting, staking, or enterprise solutions, Syzyky provides a frictionless experience with near-instant transaction finality.

<mark style="color:purple;">**Building a Scalable and Sustainable Blockchain**</mark>

Scalability remains a crucial challenge in blockchain adoption. Syzyky is built with a modular and interoperable infrastructure that allows seamless integration with Ethereum, Binance Smart Chain (BSC), and other major blockchain networks. Its cross-chain compatibility ensures that developers and users can easily transfer assets and interact with multiple blockchain ecosystems without friction.

Furthermore, Syzyky is committed to sustainability by eliminating excessive energy consumption. The PoA model enables the network to operate efficiently without relying on energy-intensive mining operations, making Syzyky an environmentally responsible blockchain alternative.

\
