Cross-chain layer protocol, Synapse introduced a Synapse Chain, a single-chain solution to enable cross swaps across different blockchains. Synapse Chain is also expected to reduce costs while boosting security at the same time.
Synapse Chain leverages the protocol’s generic cross-chain messaging system and token bridge to strive to be an organizational hub and execution layer for all cross-chain smart contract activity.
The chain will allow developers to deploy the dApps and to host their state across any blockchain in a safe and secure manner. developers could eliminate multi-chain deployments through the deployment of dApps on Synapse Chain.
The chain is designed by using Ethereum-based optimistic rollup to make it EVM (Ethereum Virtual Machine) compatible. This will help it to boost user experience and security.
Like other blockchains, the Synapse Chain block will be initially managed by sequencer, which will be responsible for state updates and submitting transactions to the Ethereum blockchain.
The transaction cost or gas fees will be paid in ETH tokens as it uses the Ethereum network, while DAO will use SYN to run internal governance.
Synapse protocol stated that it will be also “home” for all attestations made by the messaging system. This means that “Synapse’s messaging system can use Ethereum as its data availability layer.”
With the launch of Synapse Chain, the protocol’s next iteration “Synapse V2” has also been revealed. It will include Generalized Messaging, Optimistic Verification, SYN Staking as well as an economic consensus.
The protocol upgrade is expected to make it the most robust cross-chain communication platform. The protocol wrote in the tweet, “The introduction of Synapse Chain and the Synapse V2 upgrade brings secure interoperability to a whole new level.”