What Is Syntropy (NOIA)?
Syntropy is a blockchain-based alternate connectivity system designed to solve issues facing the existing internet framework. According to the whitepaper, the connectivity system intends to solve issues related to security, privacy, performance, governance, and resource optimization. Syntropy combines various technologies, including blockchain, optimized routing, encryption, etc., to deploy its architecture. Moreover, the connectivity system is designed to transform the public internet through a unifying layer to deliver optimum performance.
Syntropy boasts compatibility with existing internet protocols via a programmability layer. The layer seeks to ensure resource optimization, removing bottlenecks and shortcomings of the prevalent framework. The connectivity system functions as an open-source ecosystem that harbors applications facilitating technology systems. The ecosystem is powered by a native digital asset, enabling a decentralized economy catering to a large number of community members and node infrastructure developers. Blockchain nodes are interconnected network servers that exchange information continuously.
The Syntropy network is established on the Substrate framework, using the nominated proof of stake (NPoS). NPoS is a modified PoS algorithm deployed on thePolkadot blockchain network. The modified algorithm functions as a baseline governance layer designed to sustain DARP, the decentralized autonomous protocol of the network. Syntropy uses the protocol to analyze and comprehend internet pathways.
NOIA is a cryptocurrency that powers Syntropy’s value-based economy. Syntropy uses the token to collect fees from users for all transactions executed on the network. Similarly, NOIA seeks to incentivize the network's operation and use by accounting for all data passed via it in tokens that reflect units of value. Moreover, Syntropy allows users to become NPoS validators by staking NOIA tokens and earning rewards for the same.
History of Syntropy (NOIA)
Syntropy was cofounded in 2017 by Dom Povilauskas, William Norton, and Jonas Simanavicius. Povilauskas is the CEO of Syntropy, while Norton and Simanavicius are chief technical liaison and CTO, respectively. The core team includes CRO Jeff Lacouture and CMO Kevin Gavin, apart from the cofounders. NOIA has a maximum total supply of 1 trillion tokens, 15% of which is reserved for the reward pool and 50% for staking.
