Short description
Synergy is a peer-to-peer decentralized cryptocurrency that uses a dual-algorithm system to mine blocks. For the first 10 days, which contains the full PoW (proof of work) period, Synergy uses the X11 algorithm. Because X11 is unnecessarily inefficient after PoW, Synergy switches to SHA256d for the PoS period (proof of stake). SHA256d is easier on CPUs during syncronization and bootstrap because it requires only two hashes to verify a block whereas X11 requires 11 hashes. The early part of the Synergy PoS period makes use of Turbo Stake, which awards Synergy holders greater interest for every stake.
Abstract
SYNERGY is about allowing people to collaborate without direct interaction, to work towards a mutually beneficial goal. SYNERGY fuses its community with technology such that the community becomes an autonomous actor working on behalf of the individuals, even if the individuals are not aware that they are part of something much larger than themselves.