KYVE Launches Main Network to Create Trustless Public Data Solution
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:
KYVE has announced the launch of its main network, which aims to revolutionize data storage solutions by providing a trustless public product. The blockchain is divided into two layers – the chain layer and the protocol layer – ensuring the backbone of the KYVE network is protected by DPoS while also creating a decentralized data pool capable of obtaining, storing, and validating data. The KYVE network is based on the Cosmos SDK, which is renowned for providing developers with enhanced solutions to improve their experience.
KYVE’s goal is focused on creating a trustless public product that does not require users to put their faith in any one centralized authority. This is made possible by creating an unbreakable connection between the two layers of KYVE’s blockchain – the chain layer and the protocol layer. The chain layer ensures that the backbone of the network is well-protected by DPoS, providing governance and maintenance to the structure of the KYVE network. On the other hand, the protocol layer serves as a decentralized data pool allowing participants to review, validate, and store data.
KYVE’s innovative solution is yet another example of how the blockchain technology can change and improve data storage solutions. One of the most notable features of the KYVE network is that it will provide a trustless public data solution that can provide increased transparency and security while simultaneously making data available to the public. This is set to change the way data is stored and used, allowing businesses and individuals to have greater control over their data.
KYVE has plans to launch its tokens, but before doing so, it is first finalizing its main network features to ensure that the network is secure and complete. As a result, KYVE’s inflation support governance proposal is set to be approved on March 21st. KYVE has also launched its data pipeline, and the first data pool is set to begin on the test and main network within 6-8 weeks of the pipeline launch.
In conclusion, KYVE’s main network launch is an exciting development in the world of web3 data storage solutions. With a trustless public data solution, KYVE has paved the way for greater transparency and security in data storage. KYVE’s innovative solution is set to transform the way data is accessed and used, providing businesses and individuals with greater control over their data.
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