What is the synapse?
Synapse is a cross-chain protocol ∞ that drives frictionless interoperability between blockchains.
By providing decentralized, permissionless transactions between any L1, sidechain, or L2 ecosystem, Synapse powers end-to-end blockchain activities such as asset transfers, exchanges, and pervasive messaging with cross-chain functionality, and in doing so enables new primitives based on its cross-chain. . chain architecture. . How does the Synapse network work?
Synapse's network is protected by cross-chain Multi-Party Computing (MPC) validators that operate with Threshold Signature Schemes (TSS). The network is leaderless and maintains the security of each validator running the same process by receiving on-chain events on the various chains that are tracked by the MPC validation team. Once two-thirds of all validators have collectively signed the same transaction using their individual key, the network obtains consent and issues a transaction to the destination chain. ADM Synapse
The Synapse network is responsible for responding to on-chain events to send transactions to any particular destination chain, directing liquidity within the network to the desired location. The Synapse AMM is the way in which the assets that make up that liquidity are transformed into native tokens of the chosen destination chain.
To do this, AMM implements a stable swap algorithm to list and rebalance assets within its cross-chain liquidity pools to enable frictionless movement of assets between ecosystems with low slippage. Other implementations to improve the efficiency of exchanges and bridging may be explored in the future. SYN (Token Synapse)
SYN is the resource that powers the Synapse ecosystem. It is used for community governance votes via SynapseDAO, as an incentive for liquidity providers to enable the protocol's cross-chain functionality, and as an aid to pay for the gas spent by network validators to secure transactions. across the network.
Once the chain of synapses reaches the archaic stage, SYN will provide economic security to the chain by requiring validators to reframe it in order to operate on the network. As a native token of Synapse Chain, SYN can also be used to pay for transactions within the network, as well as to link to other chains.