Synereo Alpha In-Depth Analysis - More Steemit Competition?!
Steemit has a lot of competition coming throughout these next few months! I have reported already about, Yours, DECENT, AKASHA, and now Synereo! This is really getting exciting! Anyway, I will get into my Analysis and comparison now!
Synereo - Synereo describes itself as a blockchain 2.0 cryptocurrency, Synereo is using the "the creation of a sharded, composable proof-of-stake-based Blockchain - running, concurretly, at much faster rates." The cryptocurrency behind Synereo, know as AMP, belongs to the list of the fifteen largest cryptocurrencies by market capitalization.
Synereo greatly believe's in the power of decentralization.That’s why there building a completely new model: one where anyone can create, run, and build upon a decentralized network of their very own. If you didn't know, a decentralized network is owned by you and controlled by no one. Users connect directly to one another, through secure cryptographic channels that prevent governments, spooks, and marketing agencies from eavesdropping without your consent. You can exchange services and value, share and collaborate, without anyone in your way.
Synereo's currency are know as AMP's. AMP serves as a way to amplify information flowing throughout the network and consequently should give them market value.
Synereo is the only decentralized platform allowing applications to exist without a centralized server, at all.
Outside of the Synereo social network, Synereo claims they will offer distributed storage, smart contracts, formal verification, built-in-communication capabilities, and a integrated digital currency module with standard payment functions integrated in the future!
In the long run, Synereo would you to build the following:
•A decentralized Uber service.
•Original content.
•Frictionless stock exchanges
Conclusion
This is all we know as of now, The alpha will release next month. (September) All of this competition is good for steemit in my opinion. Let me know what you guys think about Synereo in the comment's! Thanks.
Until Next Time!
I upvote U
Thanks :)
From a technical standpoint, what does synereo use? Steem's graphene based blockchain makes it far more scalable than any other solution. Even eth will have a tough time doing what bitshares and steem can do...
It does look good, but I wish crypto developers would be a bit more focused in what they do - sure the tech may be able to create a decentralized stock exchange but wtf has that got to do with social networking? Building a social network on its own is a giant undertaking, without the distraction of trying to replicate uber, stock exchages and all the rest at the same time.
I watched a recent hangout with these guys, and OMG! The brains on this lot! most of the technical stuff went way over my head, but the philosophical stuff was amazing, they really want to do all the right things for all the right reasons. I'm looking forward to their alpha coming out, if I can get it up and running easily I'll hoard some amps for the long run. I think 2 or 3 of these social projects will reach steems current market-cap. By which time steem would have probably reached 1bn. It's all so exciting!
Forusre!!
Let us wait and see.
The competition also means more motivation for Steemit development.
forsure, thanks for the upvotes all the time by the way!
Dear User known as @theprophet0
Steemit has a BOT problem! Your Vote Counts... Maybe
https://steemit.com/steemit/@weenis/bots-steemit-s-first-community-based-decision-on-bots-your-vote-counts-to-be-or-not-to-be-details-inside
Hi! This post has a Flesch-Kincaid grade level of 10.6 and reading ease of 48%. This puts the writing level on par with Michael Crichton and Mitt Romney.
Lets see when this gets released.
Yep
Excellent post!