Synereo Explained: the Social Media Layer
Synereo is back in the spotlight with another crowdsale, which is being coupled with the release of the alpha model of their decentralized social media platform. The crowdsale has been much covered, and is really nothing new, but their social network and the technology behind it still appear to be widely misunderstood. This is the first of a two-article series designed to change that. Synereo has been around for a little while, and raised the equivalent of $126,000 in their initial AMP crowdsale last year. Since then, they’ve been relatively quiet, and I was surprised to hear they plan to....
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“With current social networks, you are not the client. You are the product being sold.” Synereo opened their official announcement with the above messaging, a bold statement about the current state of social media. Built to be decentralized, Synereo wants to change social networking for the better, rewarding their user base along the way. Synereo approaches ads on social media quite differently than others currently in the market. Instead of adhering to the traditional model of unsolicited advertisements, Synereo believes user attention is worth paying for.
Synereo's first and most well-known decentralized application is their Social Media Layer, a decentralized social media platform. This could have revolutionary applications in mainland China, where social media is heavily controlled by the government, and the Chinese cryptocurrency community has responded positively with multiple partnerships and events. The cryptocurrency industry has long thrived in mainland China due to a combination of factors. Low costs make it dominant in the mining scene, and crypto’s a great haven from the falling yuan, but even more interesting are the potential....
Synereo, the Israeli blockchain computing platform best known for its decentralized social network, is releasing more details about the full technology stack it plans to release later next year. Synereo is also about to embark on another stage of its fundraising drive with a token offering to follow the one it did in 2015, and is offering rewards to developers wishing to build apps for the platform. The Stack. The company revealed that its platform will consist of four layers: the blockchain layer it calls RChain, a system for distributed content storage and delivery across the network....
Bitcoin's been disrupting many industries, and it's about to do the same to social media. Gems has already threatened to revolutionize the instant messaging businesses, by implementing in-app cryptocurrency tokens. Now using the Bitcoin blockchain, Synereo has threatened to do the same to full-featured social media platforms like Facebook, Google Plus, and even Diapsora and Tsu. Synereo has a news feed, friends list, and user groups just like all other social media platforms. Like Facebook, it also contains the ability to promote one's content, extending its organic reach. Unlike Facebook,....
Decentralized social media platform, Synereo, disclosed a 4-layer tech stack that would power its system, with RChain to replace Blockchain. It’s yet to see how efficient the proposed model will be by comparison with Facebook and Twitter. Aside the general knowledge of decentralized platforms as seen in Diaspora*, Steemit and others, not much is known about Synereo which aims to be the first fully decentralized social network based on principles of the attention economy. Existing Blockchains can’t support the network. According to Synereo’s own paper, Bitcoin, Ethereum and other....