Phore Tells About Synapse — Sharding And Smart Contracts Technology
The developers of Phore (ticker: PHR, Coinmarketcap’s #525) are currently creating a new Proof-of-Stake consensus algorithm called Synapse. It’s going to be largely based on Casper, a solution still under development by the core team of Ethereum (ETH, Coinmarketcap’s #2). The Phore collective is sure that two main advantages of Synapse will dramatically raise the level of the project quality.
The first technological advantage of Synapse is sharding which creates an opportunity to approve transactions by not all the validators in the network while still keeping the system reliable. The total amount of the network ‘shards’ is expected to be 64, as mentioned in the blog post by Julian Meyer, Phore Lead Developer. A special governance shard will be dedicated to the development budget allocation and to the corresponding votes.
The second reason for moving to Synapse is smart contracts — this is becoming clear after one looks through the recent interview of Thomas Ambler, Phore Co-CEO. In short, this will allow to create Phore-based tokens similar to ERC20 ones. As Ambler states, the underlying language chosen for these planned smart contracts is Wasm, although it’s actually more of a Web page executables standard. As a reminder, the programming language of Ethereum is Solidity — and Duncan Coutts, Computer Science PhD from Input Output Hong Kong (Cardano enthusiasts’ team) thinks that this language is too new to have established systems to be built upon.