Synternet (SYNT), a programmable blockchain that fuels modular data infrastructure in chain-agnostic systems, has announced the launch of its mainnet
Modular blockchain Synternet (SYNT) has finally launched its mainnet on Cosmos (ATOM), completing the Monaco phase and signaling a new era for the decentralized data economy.
The launch also enables the practical utilization of the SYNT cryptocurrency and furthers the project's growth-focused Pikes Peak roadmap.
Moreover, developers can now deploy and maintain innovative applications utilizing the power of real-time, trustless data streams from mainstream smart contract platforms.
Synternet CTO Jonas Simanavicius highlighted the critical nature of the mainnet transition for Tendermint ecosystem developers and users.
“The launch of Synternet’s mainnet on Cosmos is not just a technical milestone – it's the beginning of a new era for the decentralized data economy,” said Simanavicius. “With SYNT, we're providing real utility, enabling users to pay for data services at reduced fees and fostering a more inclusive and efficient ecosystem.”
According to contributors to Synternet (SYNT), the Cosmos (ATOM) ecosystem was chosen due to its lower gas fees and faster transaction processing capabilities compared to other networks, further underscoring the project's commitment to democratizing data access.
SYNT token staking process activated
“The activation of the Synternet (SYNT) mainnet fundamentally alters how data is monetized within the global Web3 ecosystem,” said Daniel Haudenschild, CEO. “This mainnet launch is a key event for Synternet, signifying the realization of our vision for a decentralized data economy. With the SYNT token now powering monetary value for data, we've created meaningful opportunities for developers and businesses. As we celebrate this milestone, we also look forward to the future growth and expansion outlined in our Pikes Peak roadmap.”
From the outset of the blockchain's mainnet operations, users can utilize SYNT to access and pay for real-time data streams from numerous publishers across multiple chains.
Synternet also features an attractive staking mechanism for token holders, who can additionally vote on proposals and influence protocol upgrades, feature prioritization and resource allocation.
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