CSP DAO Project Review: Pocket Network

Pocket Network is the TCP/IP of Web3 node infrastructure, it’s a multi-chain relay protocol that incentivizes RPC nodes to provide DApps and their users with unstoppable Web3 access.

Using Pocket Network is as easy as any other RPC. If you're already using a centralized RPC provider, the Pocket Portal was built to allow a seamless transition. Alternatively, you can integrate directly with PocketJS.

Pocket Network's mission is to coordinate open access to the world's public data by empowering anyone to provide unstoppable infrastructure.

HOW POCKET NETWORK WORKS

The Pocket Network comprises three components: Applications, Nodes and the Network Layer.

An Application submits Relays or API requests meant to be routed to any public database node. Nodes service these Relays by introducing them to the public databases they are meant for and sending the response (if any) back to the Application. The Network Layer is comprised of all the rules, protocols and finality storage that serve as the backbone of the interactions between Applications and Nodes, including (but not limited to) configuration, record tracking, governance and economic policy.

The Network's mechanism to regulate the interactions between Applications and Nodes are Sessions. Sessions are a data structure generated following the established Session Generation Algorithm, which uses data from the finality storage layer of the Network to pseudo-randomly group one Application with a set of Nodes that will provide service to it for a limited timeframe.

TOKEN UTILITY

$POKT is not a transactional cryptocurrency. The Pocket Network blockchain is not meant to have sub-5-second block times, provide 10,000 transactions per second, facilitate direct payments or act as a smart contract platform. The majority of the transactions occurring will be staking by Applications and Service Nodes, Proof-of-Relay batches by Service Nodes, and blocking reward payments to Service Nodes to facilitate Relay requests, which all POKT holders will pay for via inflation.

Usecases :

  • Token Staking
  • Governance

TOKEN ECONOMICS

INVESTORS

TEAM MEMBERS

LINKS

Telegram: https://t.me/POKTnetwork

Discord: https://discord.com/invite/uYs6Esum3r

Twitter: https://twitter.com/POKTnetwork

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Bitcoin Dood

Bitcoin Dood

Likes to write about cryptocurrency, blockchain and deFi