Pocket Network has integrated Solana into its network with over 3000 nodes globally

Summary

 

  • Pocket Network, a blockchain data ecosystem for Web3 applications, has integrated Solana into its network.

 

  • Pocket Network has already worked and serviced major blockchain networks such as Ethereum, Polygon, Avalanche, Binance, xDai, and Fuse.

 

  • Integrating Pocket Network with Solana mitigates the risk of the service to be delayed since the work is distributed evenly across the thousand nodes. This also reduces the costs of RCP access for the developers since they need to stake only once for the same bandwidth instead of paying a monthly sunk cost.

 

 

Pocket Network, a blockchain data ecosystem for Web3 applications, has integrated Solana into its network. Pocket Network has 9,000 nodes around the globe which over 3,000 nodes are now runners for Solana Remote Procedure Call (RPC) requests. The beta testing for the implementation began in early September.

 

About Pocket Network

 

Pocket Network has already worked and serviced major blockchain networks such as Ethereum, Polygon, Avalanche, Binance, xDai, and Fuse. The latest integration of Solana further advances Pocket Network’s mission for a sustainable multichain future.

 

​​Pocket Network is a blockchain data platform built for applications that uses cost-efficient economics to coordinate and distribute data at scale, enabling seamless interactions between blockchains and applications. The network runs on a Proof-of-Stake (PoS) consensus mechanism that offers scalability and data consistency for applications.

POKT is the native utility token that is used for * Running validator nodes on the network via staking POKT tokens * Receiving network throughput via staking POKT tokens * Fees for processing transactions and storing data.

Pocket Network has already built an impressive roster of network participants, from leading companies such as Mechanism Capital, LD Capital and CMS Holdings  to professional node service providers like Skillz, Rivet and Chainflow, as well as DAOs like Metacartel Ventures.

 

Integrating Pocket with Solana

Integrating Pocket Network with Solana mitigates the risk of the service to be delayed since the work is distributed evenly across the thousand nodes. This also reduces the costs of RCP access for the developers since they need to stake only once for the same bandwidth instead of paying a monthly sunk cost. 

 

“Solana has become a popular choice amongst DeFi users and NFT collectors who are minting and purchasing NFTs on the network. During periods of exponential growth, any network can find itself bogged down if left unchecked. With Pocket Network’s unstoppable RPC protocol and ever-growing conglomerate of node runners, we are migrating this risk. By integrating Solana into our network, we are aiming to make the user experience as smooth as possible on the blockchain. So even as Solana expands, it will remain operational while providing a quality service and protecting users’ privacy,” said Michael O’Rourke, CEO of Pocket Network.

Pocket Network has already built an impressive roster of network participants, from leading companies such as Mechanism Capital, LD Capital and CMS Holdings  to professional node service providers like Skillz, Rivet and Chainflow, as well as DAOs like Metacartel Ventures.

 

About Solana 

 

Solana is a Layer 1 proof of stake (PoS) protocol delivering decentralized scalability and security for Web 3 applications. As the top-performing blockchain selected by projects with high user activity and transaction volumes, Solana is able to achieve breakneck speeds for transaction processing at an average cost of less than $0.0001. Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is the first web-scale blockchain capable of supporting the future growth of decentralized apps, exchanges, platforms, and more.

 

What is Web3 and why is it important?

 

Web3, in the context of Ethereum, refers to decentralized apps to run on the blockchain. These are apps that allow anyone to participate without monetising their personal data. Web3 will create a new global digital economy creating new business models and markets to go with them, busting platform monopolies like Google and Facebook, and giving rise to vast levels of bottom-up innovation.

Disclaimer – I/we have no position in any stock mentioned. I wrote this article myself, and it expresses my personal opinions. I am not receiving any compensation for it, other than FDGT Academy. I do not have or had in the past any business relationship with any company that is mentioned in the above article.

Natalia C. - Junior Analyst at FDGT Academy

Natalia C. - Junior Analyst at FDGT Academy

I am a stock analyst/investor with prior experience and knowledge to BSc Accounting and Finance. After completing my degree and exposure to the accounting firms I decided that the direction I should choose is towards the Investment world. I completed my masters in Investment Management where it gave me solid fundamentals to build my career on. I have examined a lot of different aspects of investment, from REITS, derivatives, currencies, bonds, equity and hedge funds. I never stopped learning about the market which is why I can analyze and write articles for FDGT community always personally opinionated. My passion are green energy and electric vehicles stocks as a whole. I also had my share of analyzing the work form home stocks that are coming to take over in the upcoming years.

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