KYVE Launches Main Network and Proposes Innovative Solutions for Decentralized Data Storage
On March 18th, it was announced that the main network of the Web3 data storage solution KYVE has now been launched, and another innovative solution based on the
On March 18th, it was announced that the main network of the Web3 data storage solution KYVE has now been launched, and another innovative solution based on the Cosmos SDK has been proposed to enhance the developer experience. The goal is to make data a public product that does not require trust. The KYVE blockchain is divided into two layers: the chain layer and the protocol layer. The chain layer is the backbone of KYVE, protecting the network through DPoS, governing and maintaining the overall structure. The protocol layer acts as a decentralized data pool, and protocol nodes can participate in obtaining, storing, and validating data. On March 21st, KYVE’s inflation support governance proposal will be approved to ensure that KYVE’s main network features are more complete and secure. The next step is to launch KYVE tokens. At the same time, the KYVE data pipeline has also been launched, and it will take 6-8 weeks for the first data pool to start on the test network and the main network. During this period, the data pipeline will continue to extract data from the data pool of Korelia, the KYVE development network.
Web3 data storage solution KYVE main network is now online
Analysis based on this information:
On March 18th, KYVE announced the launch of its main network, which offers a Web3 data storage solution that aims to make data a public product that does not require trust. The KYVE blockchain is built on two layers: the chain layer, which governs and maintains the overall structure of the network, and the protocol layer, which acts as a decentralized data pool where protocol nodes can obtain, store, and validate data.
KYVE’s innovative approach to data storage stems from its goal of creating a trustless system that allows individuals and organizations to securely store and share data without intermediaries. By using a decentralized model, KYVE aims to eliminate the need for centralized servers or third-party providers, thereby creating a more secure, efficient and cost-effective solution for data storage.
KYVE’s main network operates on a DPoS (Delegated Proof of Stake) consensus mechanism, which governs the network and protects it from malicious attacks while enabling faster transaction processing times. Additionally, KYVE will launch a token to support its marketplace and incentivize users to contribute to the network by providing their idle computing resources.
To ensure the main network’s completeness and security, KYVE will be launching a governance proposal on March 21st. Additionally, KYVE has launched a data pipeline that will extract data from the data pool of Korelia, the KYVE development network, and will take 6-8 weeks to start on the test and main network.
In conclusion, KYVE’s main network launch and innovative solutions for decentralized data storage are a significant milestone in the blockchain industry. The use of a trustless system integrated with a DPoS consensus mechanism and the token incentivization mechanism creates a more robust, secure, and efficient solution for data storage. KYVE’s protocol layer acts as a decentralized data pool, allowing users to store, obtain and validate data without the need for intermediaries. This innovation will undoubtedly make KYVE a significant player in the data storage industry, providing a decentralized storage solution that offers greater security, efficiency, and trustlessness.
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