@everyone — the core contributors to the Synapse DAO have just shared plans for the creation of Synapse Chain, a novel smart con
28 Jul 2022, 14:50
@everyone — the core contributors to the Synapse DAO have just shared plans for the creation of Synapse Chain, a novel smart contract execution layer built atop Synapse’s generic cross-chain messaging system and value bridge.
Synapse Chain is the first sovereign execution environment dedicated to the development of cross-chain applications and primitives. By leveraging Synapse’s generic cross-chain messaging system and token bridge, Synapse Chain serves as the organizational hub and execution layer for all cross-chain smart contract activity.
Along with Synapse Chain, the protocol is moving to its next iteration, Synapse V2.
Synpase V2 includes:
- Generalized cross-chain messaging
- Optimistic Verification
- Economic Security and Delegated Proof of Stake
Synapse V1 changed the way users interacted with blockchains. Through the world-class bridging experience provided by Synapse, users could seamlessly move their assets between blockchains and access a whole new suite of applications.
The introduction of Synapse Chain and the Synapse V2 upgrade bring secure interoperability to a whole new level:
- Native cross-chain rollup: Synapse Chain offers developers an easy-to-use substrate to quickly build cross-chain dapps without compromising on security, usability, and composability.
- More cross-chain use cases: Generalized cross-chain messaging allows developers to expand cross-chain utility past traditional asset swapping. Games, NFT platforms, and DAO governance can now leverage Synapse to deploy across any blockchain.
- Secure consensus: Optimistic verification is a step-function improvement in the security of Synapse’s consensus. Additionally, our optimistic bridging implementation will feature in-production economic security.
- SYN Staking: With economic security live, SYN holders will have the ability to delegate their stake to guards participating in optimistic verification.
You can find full details of Synapse Chain and Synapse V2 in the announcement post: [https://synapse.mirror.xyz/L6dBb7aXIJ1Ll5_sxP2bIJxVEYNd43ZzIV6dRylQJxw](https://synapse.mirror.xyz/L6dBb7aXIJ1Ll5_sxP2bIJxVEYNd43ZzIV6dRylQJxw)