Price Data, Market Cap & News for Syntropy ($NOIA) Cryptocurrency

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Description of Syntropy

Headlines are updated in real time. Click on a headline to the left to read the news.

A Brief Introduction to Syntropy

Syntropy, formerly known as NOIA, is a digital currency that aims to revolutionize the internet as we know it. Launched in 2020, Syntropy seeks to address the prevalent issues in the current internet framework such as security, privacy, and performance. It aims to decentralize the internet at its core, offering a safer, faster, and more reliable internet experience.

The Creators and Major Contributors of Syntropy

Syntropy was brought to life by a team of visionaries including William B. Norton, Jonas Simanavicius, Domas Povilauskas, and Domantas Jaskunas. Norton, with his extensive experience in internet peering and network strategy, serves as the Chief Technical Liaison. Simanavicius, a seasoned application developer, is the Chief Technology Officer. Povilauskas, with his background in financial analysis, serves as the Chief Executive Officer. Together, they are working towards creating a more efficient and user-friendly internet.

Token Supply

The NOIA token, now known as Syntropy, is the 'gas' that powers the Syntropy network. It facilitates connections and data transfers over the network. The token supply is dynamic, with tokens being accounted for every connection and data sent through any device. This creates a unique value proposition for the token within the digital economy.

Purchase Locations

For those interested in investing in the future of the internet, Syntropy can be purchased on various cryptocurrency exchanges. These platforms offer a secure and straightforward way to buy, sell, and store your Syntropy tokens.

Common Uses

Syntropy is not just a digital currency; it's a revolutionary technology. It is used to facilitate connections and data transfers over the Syntropy network, making the internet safer, faster, and more reliable. Moreover, it serves as an incentive for the creation and operation of the network by the user community.

Latest News and Developments

Since its inception, Syntropy has made significant strides in its mission to decentralize the internet. The team has been continuously working on technological advancements to improve the network's performance and reliability. They have also formed strategic partnerships to expand their reach and influence in the digital space. Stay tuned for more exciting updates and developments from Syntropy.

Technological Advancements

Recently, Syntropy has made significant strides in its technology. They've been awarded two US patents for their Distributed Autonomous Routing Protocol (DARP) technology, which optimizes the movement of data across the fastest path. This technology is seen as foundational to the future of Web3, a decentralized version of the internet. Syntropy has also integrated with Infrastructure-as-code tool Terraform, simplifying the deployment and management of infrastructure on the platform.

Company Partnerships

In recent news about Syntropy, the company has announced several strategic partnerships. They've teamed up with Zenlayer, a company that provides edge cloud services, and PCCW Global, one of the world’s largest ISPs. These partnerships will help Syntropy in its mission to make bandwidth a tokenized commodity, which is a significant step in the Web3 industry.

Product Launches and Updates

Looking at Syntropy news today, the company is set to launch the Syntropy Network on February 6th. This network, underpinned by DARP, will select the most stable and high-performing connections based on various metrics. Syntropy has also decided to switch to the Cosmos ecosystem for its Web3 development, citing its simplified dApp development experience.

Adoption and Use Cases

Lastly, Syntropy's technology is gaining momentum in enterprise adoption. Sports betting and gaming giant Entain has incorporated Syntropy’s technology into its enterprise technology stack. During the FIFA World Cup, more than 120 billion packets were sent through the Syntropy Network, saving up to 43 million of them. This shows the practical application and effectiveness of Syntropy's technology in real-world scenarios.