Pocket Network Adds Abundant Bandwidth to Fantom Blockchain

Tampa, Florida, April 29 – Pocket Network, a relay infrastructure middleware protocol that provides unlimited blockchain bandwidth from a globally distributed network of 44,000 full nodes to Web3 applications on 45 blockchains – including Ethereum, Polygon, Solana, Fuse, Avalanche and Harmony – announced today that it is adding support for Fantom Blockchain, the highly scalable blockchain platform for decentralized finance, decentralized crypto applications and enterprise applications.

Fantom’s official support with Pocket Network allows developers to create Fantom remote procedure call (RPC) endpoints for applications directly from the Pocket Portal, allowing runtime nodes to earn POKT for the first time by processing Fantom traffic from applications, tools, services and protocols.

“Centralized RPC providers are often susceptible to single points of failure that can disrupt service,” said Michael O’Rourke, co-founder and CEO of Pocket Network. “After successfully whitelisting Fantom Network support with Relay Chain ID 0049, we are proud to announce that Pocket Network is bringing decentralization to Fantom and, for the first time, offering incentives and rewards to node operators.”

Adding Pocket Network support for the Fantom blockchain brings true decentralization to Fantom’s RPC, allowing Pocket’s middleware protocol to decentralize the RPC layer and provide a second layer of full-node incentives through its protocol of native blockchain POKT, a utility token. As with most centralized blockchains, applications are limited by a certain number of requests per day. Pocket Network solves this problem by offering built-in load balancing at the protocol layer to provide an extra layer of redundancy that centralized RPC providers cannot replicate. Thanks to Pocket Network, a pool of highly available Fantom nodes is ready to serve Fantom applications and RPC aggregators, performing hundreds of millions of relays per day.

“Having Pocket Network’s decentralized RPC on Fantom brings us closer to a future built on decentralized, censorship-resistant infrastructure,” said Fantom Foundation CEO Michael Kong.

“Before now, there were no full node incentives on Fantom – only Fantom validating nodes could earn FTM rewards for validating blocks and maintaining consensus,” said Alberto Jauregui, developer of ecosystems at Pocket Network. “Supporting Fantom not only provides a resilient and reliable RPC service for developers, but also creates an additional revenue stream in the form of POKT for full node runners, while making the Fantom network more robust at the same time. weather. It’s a win-win for Fantom applications and nodes, demonstrating their dedication to building the infrastructure for a more democratic and efficient future, true to the maxim of decentralization.

For more information on Pocket Network, visit pokt.network.

About Pocket Network

Pocket Network, a blockchain data ecosystem for Web3 applications, is a platform designed for applications that use profitable economics to coordinate and distribute data at scale. It enables transparent and secure interactions between blockchains and between applications. With Pocket, the use of blockchains can be simply integrated into websites, mobile apps, the Internet of Things and more, giving developers the freedom to put blockchain-enabled apps in the pockets of every mainstream consumer. audience.

For more information, visit pokt.network.

contacts

This is a paid press release. Cointelegraph does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other elements of this page. Readers should do their own research before taking any action related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Comments are closed.