What is Synergy?

What is Synergy?

Synergy allows people to work together without direct interaction, so that they can reach their mutually beneficial goal.“Our approach to raise th

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Synergy allows people to work together without direct interaction, so that they can reach their mutually beneficial goal.

“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.”, added the founders as quoted in bitcointalk.org.

Also, the aim is to drive value through usage opportunities rather than new technologies, as bitcointalk.org wrote.

Specifications

Bitcointalk.org provides a list of the main specifications of Synergy:

  • 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=)

Features

Synergy relies on basic network anonymization functionality known as the Tor service. The Tor service is included in the wallet and starts automatically at launch. Also, it 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.”, as bitcointalk.org wrote.

There are also other features such as blockchain notary, public transaction comments, dual key stealth addresses and efficient long term blockchain validation.

“Transaction comments are convenient, but they take up valuable blockchain memory. To compensate for this resource usage, Synergy charges 0.0001 SNRG per character.”

Market capitalization and supply

As of February 20 2017, Synergy has a market cap of $ 186,928, a 24-hour volume of $ 403 and available supply of 2,519,200 SNRG.

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