What is Synapse (SYN)?

Synapse (SYN) is a protocol developed to address interchain communication between different blockchains. It operates within the Synapse Interchain Network (SIN), a network designed with distinct economics to facilitate interactions between varying blockchains. The Synapse Chain, built on Ethereum, acts as the data availability layer for SIN, aiming to offer a balance between transaction speed and cost.

How does Synapse (SYN) operate?

Synapse utilizes a technology known as Optimistic Rollup, which is intended to allow transactions to be confirmed on Ethereum, aiming to offer a scalable environment. It employs the SYN OP Stack, a variant of Optimism's OP Stack, to enable interchain rollups and communication between supported chains within the SIN. This feature is designed to aid applications that necessitate interactions with multiple blockchains.

What distinguishes Synapse (SYN)?

Synapse is characterized by its attempt to provide a natively interchain rollup stack, designed for interchain deposits and swift withdrawals. It introduces concepts like optimistic periods and Guards, who are meant to oversee the Notaries, thereby aiming to maintain the integrity of the transactions. The protocol is based on the premise that network participants are likely to act honestly, with provisions to prove dishonesty when it occurs.

How is security approached in Synapse (SYN)?

Synapse incorporates a security model involving Notaries and Guards, both of whom are required to stake bonds. The bond amount for Notaries is typically larger, intended to deter fraudulent activities and incentivize Guards to report any discrepancies promptly. This model is aimed at enhancing the overall security of the system as more chains integrate, with bonded actors in the system monitoring for potential fraud continuously.

How can one build on Synapse (SYN)?

Synapse offers a platform for developers interested in creating applications that require interaction with various blockchains. It is designed to allow the onboarding of users and assets from multiple chains, not limiting to Ethereum. The protocol creates an environment where interchain compute fees form the basis of economic activities, with agents staking to validate transactions and earn fees from interchain calls initiated by users and Dapps.