What is Synternet (NOIA) Crypto?
Synternet is a blockchain that powers modular, interoperable data infrastructure across all major chains. At its core lies the Data Layer, a protocol serving as the customizable execution layer between all blockchains. Its AEAs (Autonomous Economic Agents) empower developers to build composable, use-case-specific applications that can execute on any data from any chain.
How Does Synternet Work?
The Synternet ecosystem functions through a dynamic network, anchored by its Data Layer that ensures efficient blockchain data access. This network consists of publishers, subscribers, brokers, and observers, each integral to the system's operation and security.
Publishers, the network's foundation, generate and stream data to brokers. They label each data stream with a specific subject, fostering a system where diverse data is openly contributed and accessible.
Subscribers, forming the demand side, pay for data access. They use on-chain agreements, brokered via the developer portal, to ensure transaction transparency and fairness.
Brokers, crucial for data flow, act as intermediaries between publishers and subscribers. They must register and deposit NOIA tokens, securing their commitment and discouraging freeloaders.
Observers ensure the network's integrity by checking the accuracy of brokers' proofs, adding a layer of trust. Like brokers, observers register and deposit NOIA tokens to affirm their dedication to their roles.
What is NOIA Token Used for?
The NOIA token is the native currency that powers the Synternet protocol. It has a number of key utilities that enable the protocol to function effectively.