SYNERGY is about 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.
Our approach to raise the value of Synergy (the protocol and technology) is to develop an economy around SNRG (the token).
To do this we will create services that utilize the SNRG token.
We may implement new technologies when we develop services, but we don’t believe that new technologies primarily drive value.
Or if they do drive an increase in value, it is short lived. We believe that usage opportunities drive value.
Because we are not focused primarily on developing new technologies, we will use technologies that are already implemented in the client,
extending them only as necessary to develop the SNRG economy with new services.
Algorithm: SHA256d
Trading symbol: SNRG
Maximum PoW Coins: 250.001 SNRG
Last PoW block: 4320
Proof-of-Stake: 10 SNRG / block
Block time: 5 minutes
Min / Max stake age: 2 days / 6 days
RPC / P2P ports: 50542 / 40698
Tor: 38155 (configurable with torport=)
Built-In TOR Network Anonymization
In Synergy, we have provided basic network anonymization functionality by including the Tor service in the wallet.
It starts automatically at launch and works in the background without any configuration from the user.
We included Tor not only for anonymity, but also because cryptocurrencies that use Tor networks tend to have better connectivities between nodes.
This is because Tor acts as a port proxy, allowing nodes to discover each other and stay connected with much greater ease than with standard peer-to-peer routing.
Blockchain Notary
The blockchain notary is a simple tool for incorporating a “proof of existence” into the block chain. In the Qt, this feature is called “Exist”, and it is also at the top of the send page.
By clicking the “Exist…” button, the user will be taken to a file dialog.
Simply select a file for which to store a proof of existence and the SHA256 hash of the file will be inserted into the comment field.
The file could be a scan of a paper document or an electronic document. In any event don’t lose the original file!
You will need exactly the file (byte per byte) if you ever need to use the blockchain as proof of existence of the document at a given time.
Public Transaction Comments
Public transaction comments, stored in the blockchain, can be entered from the Qt wallet at the top of the send page.
Transaction comments are convenient, but they take up valuable blockchain memory. To compensate for this resource usage, Synergy charges 0.0001 SNRG per character.
The charge is effectively “burned” by the network. In other words, the individual making the transaction pays the fee, but no person collects it.
Can someone spam the chain with transaction comments?
Sure, but it will cost them. Each block is 256 kB. To fill up one block requires 25.6 SNRG. Additionally, those 25.6 SNRG will simply cease to exist, reducing the money supply as a result.
Dual Key Stealth Addresses
Stealth addresses are a way to cryptographically hide the receiver of a coin, using a public address.A stealth address is long, but can be made public.
Synergy users send to a stealth address, but the stealth address is not the actual receiving address.
The actual receiving address is derived from thestealth address, but only the sender and receiver know to whom this derived address belongs.
An example of a stealth address is: smYn4iNZAHFTKheSs9TckrKvmNWKuiUwhWRmW5bbqjXiWtfyFSaSjgfuoeKYS9fj3qtBS7w1hPcLfSk hgaqTk1euhLRVWeFLXuNqot
If an individual sends coins to that address, the actual address used in the block chain can not be linked to the stealth address or any other public address.
Efficient Long Term Blockchain Validation
Chained-hash cryptocurrency algorithms like X11 and X13 are exceptional for protecting GPUs during mining. That’s why we chose X11 for our PoW period.
However, they are unnecessarily computationally expensive for PoS, which does not rely on the difficulty of the algorithm to achieve security.
Early in a cryptocurrency’s life, the added difficulty of chained-hash algorithms make little difference.
However, after a few years, validating a block chain can be very computationally expensive.
To ameliorate the computational expense of our choice of PoW algorithms, we decided to make the PoS phase SHA256d, which requires only two SHA256 hasing cycles.
This reduces the work load for block validation significantly. It’s easier on CPUs, quicker, and energy efficient.
Use of the SHA256d algorithm will begin quietly about 10 days after launch.
1. Grandpa‘s Decentralized Pump Group - DONEDetails on
www.synergycoin.com2. SYNERGY Cloud -DONECryptocurrency bot trading on
cloud.synergycoin.com3. MultisignaturesEscrow on the blockchain. The key component of our decentralized collaborative infrastructure, made easy to use from the comfort of your wallet.
4. Formal ContractsBuild a contract with multiple parties, store proof on the blockchain. Commit to it using SYNERGY Multisignatures.
5. SynapseStore the SYNERGY asset and your contracts in your brain and access themin any browser safely.
1. Including Twitter OAuth authentication for secure using the Twitter API.
2. SNRG are burned to gain access to site features. Burn for an hour of use or burn for a month of use.
All SNRG are sent to an unspenadable address.
3. Integrated exchanges: Bittrex / Poloniex / C-Cex
Accumulation BotYou will activate the bot against a trading pair with a percent difference field.
It will monitor that trading pair for buys and sells and upon execution of an order it will place the opposite order at that percent.
Volume GeneratorAllows you to add exchange volume to a pairing. You can set a range of speed, number of coins and spread.
You also have the option to limit the number of orders.
Timed ordersAllows you to buy or sell coins in a time range you set. There are also options for a rate limiting, number of orders, number of minutes and number of coins.
Dust /stackingAllows you to line the books with buy and sell orders. You set a range for a number of coins, rate min/max you want to dust and a difference in spread for each order.
Programmable OrdersAllows you to monitor the market and automatically adjust buys and sells based on criteria you set.
Sync from bootstrap:1. Stop your client
2. Download the file >
BOOTSTRAP3. Unzip the file
4. Put it in your SYNERGY app folder
5. Start your client
6. Wait about 5 minutes for it to sync from the bootstrap.
SYNERGY ON CRYPTOMERCADOSNRG is now accepted on
www.cryptomercado.com for Coffee and other goods!
Please see
this post for more information. Support small merchants!
