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Thursday, February 16, 2023
HomeBlockchainFantom Blockchain Will get Bandwidth Powered By Pokt Network

Fantom Blockchain Will get Bandwidth Powered By Pokt Network


Relay infrastructure middleware protocol Pocket Network right now introduced it’s including assist for Fantom Blockchain, a extremely scalable blockchain platform for DeFi, crypto dApps, and enterprise purposes.

Pocket Network gives limitless blockchain bandwidth from a globally distributed community of 44k+ full nodes to purposes in Web3 throughout 45 blockchains, together with Ethereum, Polygon, Solana, Fuse, Avalanche, and Harmony.

Officially supporting Fantom inside the Pocket Network permits builders to mint Fantom RPC endpoints for his or her purposes straight from the Pocket Portal, enabling node runners to, for the primary time, earn $POKT for servicing Fantom visitors from purposes, instruments, providers and protocols, in line with the Network.

“Centralized RPC suppliers are sometimes inclined to single factors of failure that may carry down service,” said Michael O’Rourke, Co-Founder and CEO of Pocket Network. “After successfully whitelisting support for the Fantom network with the 0049 Relay Chain ID, we’re proud to announce that Pocket Network is bringing decentralization to Fantom and, for the first time, providing incentives and rewards for node operators.”

Adding Pocket Network assist for Fantom blockchain brings true decentralization to Fantom’s distant process name (RPC), permitting Pocket’s middleware protocol to decentralize the RPC layer and supply a second layer of full-node incentives by way of its native blockchain protocol cryptocurrency $POKT, a utility token.

As with most centralized blockchains, purposes are restricted by a sure variety of requests per day. Pocket Network presents load-balancing built-in on the protocol layer to offer an additional layer of redundancy that centralized RPC suppliers can’t replicate.

“Having Pocket Network’s decentralized RPC on Fantom brings us one step nearer to a future constructed on censorship-resistant and decentralized infrastructure,” stated Michael Kong, CEO of Fantom Foundation.

“Prior to now, there have been no full-node incentives on Fantom––solely Fantom validator nodes might earn $FTM rewards for validating blocks and sustaining consensus,” stated Alberto Jauregui, Ecosystems Developer at Pocket Network.

“Supporting Fantom not solely gives a resilient and dependable RPC service for builders but in addition creates an additional stream of earnings within the type of POKT for full-node runners whereas making the Fantom community extra sturdy on the identical time. It’s a win-win for Fantom purposes and nodes, demonstrating their dedication to constructing the infrastructure for a extra democratic and environment friendly future, true to the maxim of decentralization,” he added.

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