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Market News March 18, 2023

Web3 data storage solution KYVE mainnet is now live

On March 18th, the main network of Web3 data storage solution KYVE is now online, and another innovative solution based on the Cosmos SDK is proposed to enhance the developer experience, with the goal of making data a trustless public product.

The KYVE blockchain is divided into two layers: the chain layer and the protocol layer. The chain layer is the backbone of KYVE, which protects the network through DPoS, governs and maintains the overall structure. The protocol layer acts as a decentralized data pool, and protocol nodes can participate in acquiring, storing and verifying data.

On March 21, KYVE’s inflation-supporting governance proposal will be passed to ensure that the KYVE mainnet is more fully functional and secure. The next step is to launch KYVE tokens.

At the same time, the KYVE data pipeline has also been launched, and it will take 6-8 weeks for the first data pool to be launched on the test network and the main network. In the meantime, the data pipeline will continue to pull data from the KYVE devnet Korellia’s data pool.

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