The POKT Network (aka Pocket Network) already serves nearly 700 billion relays through thousands of nodes distributed in 22 countries, with the goal of reaching 1 trillion RPC relays in the next innovation cycle.
POKT Network (POKT) began building its Decentralized Physical Infrastructure Network (DePIN) protocol in 2017 and deployed it to the mainnet in 2020, two years before the term DePIN was coined. POKT Network (POKT) provides an incentive and collaboration layer that enables the decentralized transfer of blockchain data between any application.
The advantages of this architecture are:
Unparalleled cost advantage: POKT Network’s protocol fees are more than 80% lower than the RPC service costs of centralized alternatives;
Unparalleled scalability: POKT Network supports access to more than 50 chains, while market leader Alchemy only supports 8 chains;
Strong infrastructure: POKT Network is more resilient and robust than centralized providers.
After 3 years of accumulated experience in mainnet operations, we have achieved the performance that (POKT Network) can provide today: 99.99% uptime, 99.7% relay accuracy and less than 50 milliseconds of latency.
All of this is being rolled into a major protocol upgrade, dubbed the Shannon Upgrade after the father of information theory, Claude Shannon, which aims to take advantage of the latest developments in Celestias modular blockchain technology, entering late Q2 2024 Mainnet.
This builds on milestones achieved in 2023, as the POKT Network (POKT) enters a new stage of maturity, introducing protocol revenue, keeping inflation under 5%, shutting down unsustainable demand, and launched a strategy to provide new access points (gateways) to the network.
This gateway strategy will be expanded in 2024 to enable more RPC services to be built on top of the RPC base layer of POKT Network (POKT), with up to 10 services expected to be connected by the end of the second quarter of 2024. enter. Each of these businesses will drive demand for the underlying network, increasing protocol revenue and shortening the path to the 1 trillion relay goal.
Gateways also enable innovation across the network. A gateway is working to introduce webhooks that could increase the current $1 billion RPC opportunity by about 10%, and upgrades are already underway to enable POKT Network to serve applications that interact with any open source AI LLM (Large Language Model) Programs provide data, a $10 billion market.
POKT Network (POKT) has taken the lead in expanding the supply-side infrastructure and governance of DePIN, and next we will start a new strategy for DePIN growth. said Dermot ORiordan, Director of the POKT Network (POKT) Foundation.
About POKT Network (POKT)
POKT Network (POKT) (also known as Pocket Network) is a leading DePIN (decentralized physical infrastructure network) that provides data to applications at the lowest cost, highest uptime and high scalability connect. Today, these data connections involve multi-chain access to distributed remote procedure call (RPC) infrastructure, but may expand to serve other types of data connections in the future, including those supporting mainstream social media and open source AI LLMs (Large Language Models) Open source database.
POKT DAO is a value-driven, collaborative, open source community that builds and governs the project. Our critical digital infrastructure is built and managed by users.
The POKT Network Foundation is an entity authorized by POKT DAO and is responsible for executing the strategic vision of POKT Network.
More details can be found athttps://www.pokt.network/Check the official website.
