News
Synternet (SYNT) Mainnet Kicks Off on Cosmos (ATOM): Details
Vladislav Sopov
Synternet (SYNT), a modular blockchain with AEA (Autonomous Economic Agents), shares details of its mainnet launch
Read U.TODAY on
Google News
Synternet (SYNT), a programmable blockchain that powers modular data infrastructure in chain-agnostic systems, has announced the launch of its mainnet on Cosmos (ATOM). In addition to technological improvements, the launch is set to unlock the full potential of Synternet’s token, SYNT.
Modular Blockchain Synternet (SYNT) Launches Mainnet After Munich Phase
According to the official statement shared by his team, Synthesis (SYNT) blockchain has launched its mainnet version in the Cosmos (ATOM) ecosystem. The milestone signaling the completion of its Munich phase paves the way for a new era for the decentralized data economy.
Synternet’s mainnet launch enables practical use of the SYNT cryptocurrency and advances its growth-focused Pikes Peak roadmap. It also enables developers to deploy and maintain innovative apps that utilize the power of real-time, trustless data flows from mainstream smart contract platforms.
Jonas Simanavicius, CTO of Synternet, highlights the critical importance of the transition to the mainnet for developers and users of the Tendermint ecosystem:
The launch of Synternet mainnet on Cosmos is not just a technical milestone, it is the beginning of a new era for the decentralized data economy. With SYNT, we are providing true utility, allowing users to pay for data services at reduced rates and fostering a more inclusive and efficient ecosystem.
As Synternet (SYNT) contributors explained, the Cosmos (ATOM) ecosystem was chosen because it offers reduced gas fees and faster transaction processing than other networks, underscoring the project’s commitment to democratizing access to the data.
The SYNT token staking process has been activated
CEO Daniel Haudenschild points out that the activation of the Synternet Core Network (SYNT) changes the way data is monetized within the global Web3 ecosystem:
The mainnet launch is a key event for Synternet, symbolizing the realization of our vision of a decentralized data economy. With the SYNT token now powering monetary value for data, we have created significant opportunities for developers and businesses. As we celebrate this milestone, we also look forward to future growth and expansion outlined in our Pikes Peak roadmap.
Since the start of operations on the blockchain mainnet, users have been able to leverage SYNT to access and pay for real-time data streams from multiple publishers across multiple chains.
Synternet also offers an attractive staking mechanism for token holders, who can also vote on proposals and have a say in protocol upgrades, feature prioritization, and resource allocation.
About the author
Vladislav Sopov
Blockchain analyst and writer with a scientific background. 6+ years in IT analytics, 3+ years in blockchain.
He has worked both in independent analysis and in start-ups (Swap.online, Monoreto, Attic Lab etc.)