Cross-chain layer protocol, Synapse introduced the Synapse Chain, a single-chain solution that permits cross-exchanges across various blockchains. Synapse Chain is also projected to reduce costs while simultaneously increasing security.
Synapse Chain makes use of the protocol’s generic cross-chain messaging system and token bridge in an effort to serve as the organizational hub and execution layer for all cross-chain smart contract activity.
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The chain will enable developers to deploy dApps and host their state on any blockchain in a safe and secure manner. Through the deployment of dApps on the Synapse Chain, developers may eliminate multi-chain deployments.
EVM (Ethereum Digital Machine) compatibility is achieved through the usage of Ethereum-based optimistic rollup in the construction of the chain. It will assist in enhancing user experience and security.
Similar to other blockchains, the Synapse Chain block will initially be controlled by sequencer, which will be responsible for publishing state updates and transactions to the Ethereum blockchain.
As a result of its usage of the Ethereum network, transaction fees and gas costs will be paid in ETH tokens, whilst DAO will use SYN for internal governance.
Synapse protocol stated that it will likely be the “home” for all messaging system authentications. Therefore, “the message system of Synapse can leverage Ethereum as its knowledge availability layer.”
With the introduction of Synapse Chain, the protocol’s “Synapse V2” successor has also been announced. It will include Generalized Messaging, Optimistic Verification, SYN Staking, and an economic consensus.
It is anticipated that the protocol update would make it the strongest cross-chain communication platform. The protocol tweeted, “The introduction of Synapse Chain and the Synapse V2 upgrade introduces a new level of secure interoperability.”
