Latest Synternet News

Synternet's mainnet launch ushers in a new era of interoperability, integrating the ERC20 $SYNT token with Cosmos to enhance cross-chain data exchange. The platform leverages the Inter-Blockchain Communication (IBC) protocol, Cosmos SDK, and CosmWasm for secure and efficient real-time data sharing. Synternet's vision includes strengthening security, scalability, and interoperability, with applications in DeFi and programmable streams.

Synternet, a blockchain that supports modular data infrastructure across major chains such as Ethereum and Cosmos, has launched its mainnet on the Cosmos network. This significant step completes the Monaco phase and marks the beginning of a new era for the decentralized data economy. Synternet's token, $SYNT, now holds real monetary value, enabling practical use within its multi-chain ecosystem. Developers can now create innovative applications using real-time, trustless data streams from all major chains. The Cosmos network offers Synternet a robust foundation for growth, with benefits like reduced gas fees and faster transaction processing. Synternet's CTO, Jonas Simanavicius, and CEO, Daniel Haudenschild, emphasize the mainnet launch's importance for the decentralized data economy and the opportunities it presents for developers and businesses. The $SYNT token is central to Synternet's ecosystem, serving as the primary payment method for data services and offering staking opportunities for token holders.

Synternet, a decentralized real-time data infrastructure, aims to revolutionize Web3 development by enabling seamless cross-chain dApp creation. Originating from NOIA, it addresses blockchain data access challenges with support from prominent investors. Synternet's three main components include the App Chain, Data Layer, and PubSub protocol, which together provide a secure, efficient, and interoperable data exchange. The Data Layer is the core, allowing full nodes to sell data and users to purchase it using tokens. Synternet's mission is to democratize blockchain data access, supporting projects in various Web3 spaces.