Synternet

Synternet, also known as the data layer of Web3, is building an on-chain streaming oracle, providing a decentralized and scalable way to access, retrieve, and interact with real-time blockchain data. The protocol defines the authentication of entities engaging in the protocol, authorizing access for various economic actors to perform their roles, and accounting for the data enforced through on-chain consensus. By eliminating dependence on centralized services, Synternet provides swift and seamless access to both, real-time and historical on-chain data. Synternet replaces reliance on RPC nodes and APIs by introducing a decentralized way to access on-chain data. This is achieved by creating an incentive layer for blockchain nodes to publish on-chain transactions in real-time. With Synternet anyone can become a provider in the open market for Web3 data. Token holders decide which providers are reliable and, therefore, worth rewarding based on the quality of the data they provide and their general performance. Tokenization of relationships between data providers and consumers is thus the most unique feature of the Synternet Data Layer protocol.