A data dive into Pocket Network
Quick Take
- Pocket Network launched in July 2020 as an independent, application-specific blockchain solution to the node incentivization problem
- Despite exogenous benefits to running full nodes such as increased privacy and security, there is a lack of endogenous or native incentives for individuals and companies to run full nodes for multiple blockchains
- Pocket Network set out to solve this problem by creating a two-way marketplace between applications and relay nodes, where applications stake POKT to pay relay nodes to service API requests
- Here, we examine Pocket network activity and revenue to understand the surge in activity over the past couple of months
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Author: Hiroki Kotabe
