Two fundamental networks power Syntropy’s solutions - the Syntropy Relay Network and the Syntropy Blockchain.
The Syntropy Relay Network consists of relay nodes interconnecting by executing DARP. This self-organization protocol is based on finding the most valuable neighbors for every relay node to find and only route within the most stable and best-performing connections based on route latency, jitter, packet loss, node uptime, and bandwidth capacity. Clients that connect to the Syntropy Network pay the relay nodes for their data to be routed within the Syntropy Relay Network. Additionally, relay nodes are also incentivized to run even if they are not actively routing data to ensure an extensive and stable network on-demand and stabilize the microeconomy.
Tokenization of bandwidth is all made possible by the Syntropy Blockchain. Nodes enter into smart-contracts with each other to construct and use stable network paths. On-chain mechanisms enforce predictable bandwidth pricing across the Relay Network. Large-scale network use cases require that costs for connectivity and bandwidth are reliable, predictable, and tied to network capacity. All this is possible because it can be programmed into a token economy.
Blockchain consensus is achieved using a proof-of-stake mechanism that is governed by validators. Validators play a critical role in the blockchain network, such as block production and network consensus. Anyone can become a validator if they meet the requirements to partake in the governing network. Each validator requires a token stake that backs their performance and participation in the network. This is done to ensure that no malicious actors can try to execute an attack on the blockchain network, as the stake is slashed whenever a deviation from the protocol is found. In return, validators are incentivized to participate by yielding an interest rate on their staked token amount and collecting network fees when token transactions are made.
Updated 6 months ago