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Synereo unveils blockchain-based technology stack ‘RChain'

Synereo, a Tel-Aviv based startup which develops a decentralized tech stack, has unveiled the underlying Technology Stack, which enables its Social Network to function without centralized servers - which are normally required for the processing of network activity and the storage of user information.

This follows the company’s recent announcement of its decentralized Social Media platform moving into alpha. The newly announced technology combines significant improvements on existing decentralized technologies with developments unique to Synereo - providing for the first time scalable decentralized computation abilities on an industrial scale.

Blockchain 2.0, or RChain

The first layer – “RChain”, often referred to as “Blockchain 2.0” – constitutes a significant improvement on standard blockchain technology underlying projects like Bitcoin and Ethereum, the company said. It is a concurrent and sharded blockchain.

““Sharded” refers to the subdivision of the Blockchain into composable parts, which interlock to a unified whole, but do not need to be computed all at once (as it is the case with the Bitcoin Blockchain). Concurrent means that this subdivision enables different processes to run in parallel without interfering with each other”, Synereo explained. 

As a result of this architecture, RChain enables blockchain based systems to be much faster, infinitely scalable and cheaper to maintain. 

Storage & Content Delivery or SpecialK

In order to address the problem regarding storage of heavy media data such as images,videos and text on the blockchain, Synereo’s CTO Greg Meredith developed a unique protocol to distribute such information among Synereo nodes and then retrieve it on demand

This protocol, SpecialK, has been under active development for over five years and constitutes an innovative approach to distributed storage technology. It provides a monadic domain-specific language, providing programmers with a familiar, unified API where they can access data distributed across the network. Data is distributed with both redundancy and sensitivity in mind, making sure it's available where it's needed, when it's needed, and concealed when it’s not.

Rholang Smart Contract Language or Synereo’s Programming Language for Decentralized Applications

Reflective, Higher-Order process Language (Rholang) is RChain’s native smart-contract language (or programming language), comparable to Ethereum’s Solidity. However, in contrast to Solidity, Rholang is a reflective programming language, based on process calculus, allowing for the parallel execution of processes and the composition of higher-ordered smart contracts on the basis of lower ones, in an efficient and secure way.

The architecture allowsindustrial-scale development along with better safety tests and simulations based on formal verification, a property of utmost importance when it comes to publicly used decentralized applications.

“The infamous DAO hack, for example, could have been avoided if the DAO’s code had been based on Rholang”, Synereo said.

The company said that itssecond fundraising campaign is intended to fund the refinement of its Tech Stack, as well as to push forward the development of best-of-breed developer tools. Synereo’s next version of its Tech Stack, to be released in 2017/Q4, will be composed of 4 layers, built on top of each other.

“With the next release planned for next year, Synereo’s architecture will become mature enough to match high-end industry requirements and be competitive with centralized computing platforms”, it said. “Starting from Q4/2017, it will be possible to deploy fully operational applications on the system, without them having to be stored in a centralized location, effectively revolutionizing the way the internet works”.

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