Blockchain startup, Synereo, has initiated an attempt to break the monopoly of Ethereum as the only major platform that hosts distributed applications.
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Synereo gets a push from a Silicon Valley company for its technology that allows for the building of decentralised applications.
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Synereo destroys half of all its platform’s native Cryptocurrency to give users more control over its platform
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Tel-Aviv based decentralized tech stack development company, Synereo has announced that it will be releasing the Alpha phase of decentralised social network in September. The company claims that this development will allow web applications to exist without centralized servers.
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Synereo proposes a semi-autonomous system which requires human involvement in roles defined in smart contracts.
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The CEO of Synereo, Dor Konforty, has pointed out that the lesson to be learnt out of this whole situation is the fact that the human factor must be put into consideration and respected.
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