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One of the big ideas behind Synternet is open access to real-time Web3 data across all major chains. With interoperability at Synternet’s core, it only made sense to build their decentralized live data access platform via the interchain ecosystem, technology, and infrastructure. Synternet is creating tomorrow’s real-time data sharing and interoperability on the interchain.
With the recent launch of the Synternet mainnet, the integration with the interchain ecosystem has taken a significant step forward. Their blockchain is now producing blocks, supported by institutional validators. Synternet will also be opening the bridge from their ERC20 $SYNT token to the Cosmos token on July 29th, jumpstarting a new era of real-time data sharing and interoperability via the Interchain Stack.
The interchain ecosystem has interoperability, security, and modularity at its core, aligning perfectly with Synternet’s goal of bridging the live, multi-chain data gap across major chains. Below is an exploration of how Synternet’s integration with the Interchain Stack revolutionizes real-time data sharing, drives innovation, and sets the stage for the future of decentralized applications and services.
How Synternet Integrates with the Interchain Stack
Synternet’s blockchain is designed to facilitate real-time data sharing across multiple blockchain networks. At the heart of this integration are the components of the Interchain Stack, which provide the necessary infrastructure and tools for seamless interoperability.
One of the key components we leverage is the Inter-Blockchain Communication (IBC) protocol, which enables secure and efficient cross-chain communication. By using IBC, Synternet can ensure that data flows smoothly between different blockchain networks, allowing for real-time data exchange that is both reliable and scalable.
The Cosmos SDK is another crucial element of the integration. This modular framework allows us to build application-specific blockchains (appchains) tailored to our unique requirements. With the Cosmos SDK, Synternet can develop custom features and functionalities that enhance the efficiency and effectiveness of our real-time data platform.
CometBFT, previously known as Tendermint, provides the consensus mechanism for our blockchain. This Byzantine Fault Tolerant consensus algorithm ensures that the Syternet platform is secure and resilient. By using CometBFT, they can maintain high levels of security and reliability, which are essential for real-time data applications.
Finally, CosmWasm enables Sytnernet to deploy smart contracts that facilitate dynamic on-chain interactions. With CosmWasm, Synternet data streams can support complex, event-driven applications that leverage real-time data streams. This capability is crucial for developing advanced decentralized applications (dApps) that can respond to real-time data inputs.
Real-world use cases demonstrate the practical benefits of Synternet’s integration with the Interchain Stack. For example, DeFi applications can utilize real-time price feeds to optimize trading strategies and manage risks more effectively. Decentralized physical infrastructure networks (DePIN) can leverage real-time data to improve the performance and reliability of their services, from IoT devices to autonomous vehicles.
By integrating these components of the Interchain Stack, Synternet offers a robust and flexible platform for real-time data sharing. Their modular and interoperable infrastructure allows developers to create innovative solutions that harness the power of live blockchain data.
Our Vision for the Future of Web3 Data is Interchain
Launching mainnet was just the start, as the Pikes Peak roadmap in 2024 H2 is set to add more access and features to Synternet’s platform. Moving forward, they’ll expand data services and foster collaborations within the Interchain ecosystem. This includes integrating more data sources, enhancing the blockchain’s capabilities, and creating innovative solutions that leverage real-time data.
Synternet aims to introduce new features like Autonomous Economic Agents (AEAs) and Programmable Streams, which will significantly enhance the flexibility and functionality of their data platform. These features will allow developers to build more complex and responsive applications that can interact with real-time data in novel ways.
The integration with the Interchain Stack will be further enhanced with upcoming features that prioritize security, scalability, and interoperability. This commitment ensures that Synternet remains at the forefront of the decentralized data economy, providing developers with the tools they need to create the next generation of dApps and services.
But perhaps the biggest reason to be excited that Synternet is part of the interchain ecosystem is the collective passion, spirit, and enthusiasm of its community. The Synternet team won’t sit on their hands when it comes to advocating for the entire Interchain and the importance of real-time data in a truly interoperable Web3.
The collaborative spirit of the interchain ecosystem is vital to Synternet’s vision of decentralized, open access to real-time Web3 data. By integrating with the Interchain Stack, Synternet harnesses the collective innovation and expertise within the interchain. This synergy will both strengthen the Sytnernet platform but also contribute to the broader goal of a fully interoperable and decentralized Web3.
We invite all Cosmos enthusiasts and developers to learn about, and start building on, Synternet using the Interchain Stack. Explore the documentation, join their community channels for the latest updates, and participate in upcoming events to learn more about how Synternet can power your next project.
Synternet’s Integration with the Interchain Ecosystem Bridges Live Multi-Chain Data was originally published in Interchain Ecosystem Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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