A data dive into Pocket Network PlatoBlockchain Data Intelligence. Vertical Search. Ai.

A data dive into Pocket Network

Time Stamp: November 11, 2021 4:53 PM

November 11, 2021, 4:53PM EST

• 7 min read

A data dive into Pocket Network PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Quick Take

  • Pocket Network launched in July 2020 as an independent, application-specific blockchain solution to the node incentivization problem
  • Despite exogenous benefits to running full nodes such as increased privacy and security, there is a lack of endogenous or native incentives for individuals and companies to run full nodes for multiple blockchains
  • Pocket Network set out to solve this problem by creating a two-way marketplace between applications and relay nodes, where applications stake POKT to pay relay nodes to service API requests
  • Here, we examine Pocket network activity and revenue to understand the surge in activity over the past couple of months

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Source: https://www.theblockresearch.com/a-data-dive-into-pocket-network-123733?utm_source=rss&utm_medium=rss

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