Silicon Valley-basedNFX Guild has announced a partnership with Synereo to develop an ecosystem of decentralized applications on top of Synereo’s blockchain 2.0 platform. Also read:Spain Wants to Tax Bitcoin Miners 47%
A ‘Superior Platform’ for Decentralized Apps
Synereo’s blockchain 2.0 platform is a blockchain-based technology stack, enabling applications, sites and web-services to operate without relying on centralized servers, effectively transforming how the internet works.
Synereo CEO, Dor Konforty, sees ‘Blockchain 2.0’ as a platform that “scales, isn’t massively replicated but fully distributed, functions as a storage solution, and allows for formal verification of smart contracts.”
Thus, NFX Guild believes such a platform can scale better and facilitate decentralized application (dApps) development contrary to other firms who prefer building dApps on top of more popular blockchains, namely Bitcoin or Ethereum .
James Currier NFX Guild announced the Blockchain 2.0 Program within the Guild, where it will select up to three teams that are actively building their dApps on Synereo’s platform for the next class of the NFX Guild accelerator. In other words, NFX’s next class will be composed of dApp developers who build their dApps on top of this platform.
“If you do the analysis, Synereo comes out as the superior platform for developing decentralized apps,” James Currier , Managing Partner at NFX, explained. “It runs fully distributed instead of massively replicated. It’s JVM top to bottom rather than Python. It’s forward compatible versus other platforms anticipating multiple hard- forks.”
He also added:
Synereo has the identity layer built-in, which provides distribution advantages and network effects. Lastly, fine-grained concurrency, versus other platforms’ linearity, provides greater speeds and scalability.
NFX Guild: Not Your Average Accelerator