Fantom blockchain now supported on Pocket Network
|Brittany Hainzinger in Blockchain Friday, May 13, 2022|
Pocket Network has announced that it now supports the Fantom blockchain, enabling developers with the ability to mint Fantom RPC endpoints, bringing true decentralization to Fantom's RPC, providing a resilient and reliable RPC service for developers, and providing extra income for full-node runners.
Pocket Network announced it is adding support for Fantom Blockchain, the highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications.
Officially supporting Fantom within the Pocket Network enables developers to mint Fantom RPC endpoints for their applications directly from the Pocket Portal, enabling node runners too, for the first time, earn $POKT for servicing Fantom traffic from applications, tools, services, and protocols.
Pocket Network adds Fantom Blockchain support
"Centralized RPC providers are often susceptible to single points of failure that can bring down service. 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," said Michael O'Rourke, Co-Founder and CEO of Pocket Network.
Adding Pocket Network support for Fantom blockchain brings true decentralization to Fantom's remote procedure call (RPC), allowing Pocket's middleware protocol to decentralize the RPC layer and provide a second layer of full-node incentives via its native blockchain protocol cryptocurrency $POKT, a utility token. As with most centralized blockchains, applications are limited by a certain number of requests per day. Pocket Network solves this by offering load-balancing built-in at the protocol layer to provide an extra layer of redundancy that centralized RPC providers can't replicate. Thanks to Pocket Network, a pool of highly-available Fantom nodes are ready to serve Fantom applications (and RPC aggregators), performing hundreds of millions of relays daily.
"Having Pocket Network’s decentralized RPC on Fantom brings us one step closer to a future built on censorship-resistant and decentralized infrastructure," said Michael Kong, CEO of Fantom Foundation.
"Prior to now, there were no full-node incentives on Fantom, only Fantom validator nodes could earn $FTM rewards for validating blocks and maintaining consensus. Supporting Fantom not only provides a resilient and reliable RPC service for developers but also creates an extra stream of income in the form of POKT for full-node runners while making the Fantom network more robust at the same time. It’s a win-win for Fantom applications and nodes, demonstrating their dedication to building the infrastructure for a more democratic and efficient future, true to the maxim of decentralization," said Alberto Jauregui, Ecosystems Developer at Pocket Network.
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