Hi, I joined discord but it's a little slow in

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Synternet

Lynx

Hi, I joined discord but it's a little slow in

there. My question was. Does anyone need or want data like this do they care? Is there a unique selling point?

#cryptocurrency #english #syntropy

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09.06.2023

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Simas ✤ Jurelevicius · Accepted Answer

Blockchain data is always available anyways isn’t it? Like I can go on ether explorer and see all transactions on ether. What am I missing here, what is the value add? We'll need to do much more education on use cases etc which we're doing, so keep checking around, but i'll try quickly - where do you think explorer gets data from, any explorer or dashboard or any application which shows prices or even uniswap when you enter a token needs to give price etc? These Apps/dApps use either centralized providers and indexers to buy that data, which is very expensive actually, so that they can use quick APIs or RPC requests to get that data. Then they don't need to run that infrastructure themselves. It's also not always real time or has lower performance. Other companies like Infura, ANKR offer hosting RPC nodes for you so you don't need to run your infrastructure. Still you either run your own or use a third party with some features (indexed, filtered). Public RPC nodes and public APIs are just not suitable for high scale use and can't guarantee performance or working at all. Like when you go to metamask to make a transaction now you connect to one of Infuras gateways, if it goes down ethereum still works but if you enter a not working gateway to your metamask you dont get data or cant send transactions. With syntropy if you're a dApp and lets say need only to display specific NFT data from Solana or something. Normally you need a centralized provider endpoint to stream data there or run your own backend when you run your own backend, running Solana's node can be 3,000eur/month, plus you need DevOps. To monitor 3-4 chains it can cost 1m+ a year. While if you subscribe only to specific topic you need from Syntropy you get those events and data delivered to your app, only what you need without running all this blockchain infra or using centralized indexers and because we want to make full data availability layer you can get both real time events you need it streamed to your dApp/app as well as then query historical data to be delivered in the stream. So benefits for Apps are - don't need backend, cheaper, more scalable, decentralized, open so many more streams available than centralized chosen solutions, more convenient and FAST. That's the protocol and in the future scaling blockchains.

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