Synergetic contracts

Synergetic contracts are a new type of smart contract which allow miners to use their computational power to solve useful problems and earn a reward.

Anyone can register a problem on the ledger by creating a synergetic contract and inviting miners to solve it.

The type of problems that synergetic contracts can solve are complex optimisation problems such as scheduling patient appointments and protein folding.

Synergetic contract flow

A miner registers as a participant of the synergetic contract and starts calculating from a random seed generated from a public key.

Registered miners begin to solve the problem at the same time and the miner who solves the problem first wins the bounty associated with the problem.

Note

The winning miner is not necessarily the miner who verifies the block.