The following updates to Synergy Cloud will be made at 8:30pm pacific this evening (29-Oct-2015).

Enhanced API Key Encryption:
This update vastly improves password and API security. According to security best practices, passwords are not stored on our servers (and never were). Instead only the cryptographic fingerprint ("hash") of a password is stored. When a user logs in, the hash of the attempted password is calculated and then compared to what is stored on our server. To discover the password, an attacker can try to hash many different passwords to find those that match hashes stored on our servers.

To thwart this type of brute force search, we do not use a simple one-step hash. Instead, our new system stores the a hash of the password using a large number of cycles of a very computationally expensive hash, made more secure with a large 256 bit random salt. To get a sense of how long a 256 bit salt is, an example would be bb5d3f9c0e396c3f8884f24ec43a16a31e6139e4e10d44512c261fc305df427f.
These security measures mean that an attacker must have a prohibitive amount of computing resources to "crack" any passwords that may be exposed if our database server, hosted by a third party, is compromised.

We use similar technology to protect API keys. We do not store the actual API key on our servers. Instead we store the encrypted version, using AES encryption, which is one of the strongest encryption algorithms available. We also do not store the decryption keys to the encrypted API keys anywhere. When a user logs in, the decryption key is generated dynamically from the user's password, using a key derivation method similar to the method we use to create the password hashes for login. Are the password hashes and API decryption keys the same? No. Just the method to generate them are similar in that they are created using numerous rounds of strong cryptographic hashing with a random salt. The random salts are different.

Finally, the salts are stored and the hashing is performed on a server remote from our database server, meaning that even if an attacker recovers the password hashes and encrypted API keys, they will still have to compromise the remote server to learn the hashing algorithm and salts. But, even in the highly unlikely event that they compromise both servers, discovering the hashes, encrypted keys, salts, and hashing algorithms, they will still be stifled by the need to brute force passwords under the burden of our very computationally expensive hashing system.

Please Note: Due to the change in the way API keys are being stored, when you log in to your account after the update you will need to re-add the keys from the exchanges you wish to use.  To ensure maximum security, please generate and use new keys.


Google Two Factor Authentication
Google Two Factor Authentication will be added to the site in order to increase your account security.  Please visit your account settings to activate as soon as possible.  We encourage ALL users to activate 2FA in order to better protect your account.


Automated Calculation and Updating of SNRG Burning Price:
The SNRG burn rate will now be updated daily based on market indicators.  This will allow us to automatically maintain a consistent rate for using the sites services without having to do daily, manual calculations.  This will mark the end of the introductory burn rate of 3 SNRG/day.


Enabling of Automated System Email:
Automated email functionality has been added in order to allow users to be able to utilize the Password Reset functionality should it be needed.  Users will now also be required to confirm their email address prior to using the sites functionality.  This will allow us to ensure users will have access to reset their password and additional site functionality that will be added in the future.  


As always, please feel free to let myself or Grandpa Jones know if you have any questions.  We'll be available in the Slack channel tonight during the release to keep an eye on things and make sure the release goes as smoothly as possible for our users.

-nextgen

Yessir!  Slowly but surely people are starting to notice and join Synergy Cloud.

Should have a little update for you guys later today!  Check back.

Wow, even I forgot about this until I was looking at the node list on the explorer the other day.

Great feature and even though we don't focus on anonymity, we still put a lot of time and effort into security.

I present to you Synergy Cloud! 

(and, see the image 4 posts above)

If there are any great writers out there who are interested in doing some writing in return for some SNRG, please shoot me a PM.

Thanks!

Not possible regardless of what they tell you.  This is cryptocurrency, there is 0 validation of who is buying anything.  You know better than that.

Up to 537 now!!  #burnbabyburn

As of this morning we've had 407 SNRG burned for Synergy Cloud use! You can see the burn address here.

All it takes is 3 SNRG/day to use any of the 5 bots or trade manually across 4 exchanges, check it out!

Personal suggestion, and this has nothing to do with my involvement.

Check out my recent post about the accumulation bot.  By itself, or in conjunction with another bot or two you can do quite well.  I'd suggest taking a few minutes and actually testing it out for yourself, you'll see what I mean.

Happy to answer any questions you may have.  You can join Slack (link above) if you wanna chat real-time.

The intent of the accumulation bot is to flip coins at a % you determine in order to build your holdings.

For example, let's say you put up an order to buy 100 SNRG.  At the same time, you also start the accumulation bot with a 5% difference.

Once this 100 SNRG buy order is filled, the bot will place a sell order for those 100 SNRG at a price 5% higher than the price you purchased them at.

You now have 100 SNRG up for sale.

Once this 100 SNRG sell order is filled, the bot will place a buy order using all of the BTC obtained from the sale at 5% lower than the price you sold them at. 

You now have a buy order for ~105 SNRG (100 SNRG + 5% from the transactions).

This continues on at the % you set resulting in increased holdings.

Hopefully this makes sense, let me know if you have any more questions!

I just wanted to stop by and say Thank You (!!!) and welcome all of those who have joined us today.

As of this posting, 284 SNRG have been sent to the empty void in order to fund use on Synergy Cloud.  

We've got a good list of enhancements we're looking into and addressing any issues users report as they come up.  If you have any questions on how to use the site, or just want to chat, you can generally find me on Slack.  If you haven't tried the site out yet, TRY IT!  3 SNRG sent to the burn address in your account gives you access for 24 hours, its easy.

----> Synergy Cloud <----

We have our first SNRG burned from a non-dev team user!!

You can check the burn address here!!

The time has come.  Synergy Cloud has arrived.

I couldn’t be happier to announce that today, we are officially launching our cloud based platform, Synergy Cloud.  As you can see below, this first release of Synergy Cloud will include 5 different trading bots in addition to manual trading on your favorite 4 exchanges (Bittrex, Poloniex, Cryptsy and C-cex).  This project has been in the works for roughly 2 months now and we feel we have a great product that many in the crypto community will find useful and provides us with a great platform to build upon.

As you have noticed in past posts, functionality on the site will be unlocked in your account by burning SNRG to an unspendable address (more info).  The current, introductory rate to use the site will be 3 SNRG per day and will be limited to 28 days of maximum funding.  

As you are using the site, if you have any issues, notice any bugs or have any suggestions/feedback, please reach out to us at admin@synergycoin.com and we will address your request as soon as possible.  If you find a bug, big or small, we may have a little reward for you as well!  You can also find immediate assistance and our community on our Slack channel, please click here for an instant invite.

Thank you all for your support and we look forward to building a bigger and better Synergy Cloud in the days to come!

The time has come.  Synergy Cloud has arrived.

I couldn’t be happier to announce that today, we are officially launching our cloud based platform, Synergy Cloud.  As you can see below, this first release of Synergy Cloud will include 5 different trading bots in addition to manual trading on your favorite 4 exchanges (Bittrex, Poloniex, Cryptsy and C-cex).  This project has been in the works for roughly 2 months now and we feel we have a great product that many in the crypto community will find useful and provides us with a great platform to build upon.

As you have noticed in past posts, functionality on the site will be unlocked in your account by burning SNRG to an unspendable address (more info).  The current, introductory rate to use the site will be 3 SNRG per day and will be limited to 28 days of maximum funding.  

As you are using the site, if you have any issues, notice any bugs or have any suggestions/feedback, please reach out to us at admin@synergycoin.com and we will address your request as soon as possible.  If you find a bug, big or small, we may have a little reward for you as well!  You can also find immediate assistance and our community on our Slack channel, please click here for an instant invite.

Thank you all for your support and we look forward to building a bigger and better Synergy Cloud in the days to come!

Welcome back bones!  Where ya been?

Tomorrow will come soon enough.

The banner and logo are just the beginning, the best is yet to come.  Things are starting to heat up because people are coming to realize that we are here to stay and support the products we put out.  It's going to continue and hopefully the market will reflect that, but that's up to all of you.   

Give us one more day, I know you'll like what we have to offer.

Monday has arrived, and you can see the first (of a few) updates posted in the OP and below.  We've spent the last couple months hard at work on establishing just what Synergy was to represent and along with that came a new logo and brand.  We've updated the logo, coin specs, roadmap and all of our icons and header.  You'll see this color scheme, logo, etc. persistent across our platforms as they are developed.  We hope you enjoy it just as much as we do and look forward to any suggestions you may have.  Stay tuned!

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Synergy is about a allowing people to collaborate without direct interaction, to work towards a mutually beneficial goal. Synergy fuses its community with technology such that the community becomes an autonomous actor working on behalf of the individuals, even if the individuals are not aware that they are part of something much larger than themselves.