Notification
Mycryptopot
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
Reading: Powerloom Hits Over 1B New Data Points Prior to Its Mainnet Launch
Share
bitcoin
Bitcoin (BTC) $ 105,107.16
ethereum
Ethereum (ETH) $ 2,519.52
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 647.35
usd-coin
USDC (USDC) $ 0.999971
xrp
XRP (XRP) $ 2.16
binance-usd
BUSD (BUSD) $ 0.995817
dogecoin
Dogecoin (DOGE) $ 0.174603
cardano
Cardano (ADA) $ 0.625387
solana
Solana (SOL) $ 145.22
matic-network
Polygon (MATIC) $ 0.197835
polkadot
Polkadot (DOT) $ 3.77
tron
TRON (TRX) $ 0.272303
MycryptopotMycryptopot
Search
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Mycryptopot > News > Crypto > Blockchain > Powerloom Hits Over 1B New Data Points Prior to Its Mainnet Launch
Blockchain

Powerloom Hits Over 1B New Data Points Prior to Its Mainnet Launch

December 23, 2024 3 Min Read
Share
Powerloom Hits Over 1B New Data Points Prior to Its Mainnet Launch
mycryptopot

Powerloom, the cutting-edge information layer facilitating onchain purposes, has introduced a brand new milestone. With an exhilarating 1B new information level, Powerloom has obtained greater than 5300 Snapshotter nodes. This means a landmark achievement for the platform since its inception in February this 12 months.

The Snapshotter nodes frequently document occasion emissions and state modifications together with composing them into real-world datasets. The event considerably assists dApps to offer a matchless person expertise whereas sustaining rapidity and precision.

mycryptopot

Powerloom Boosting DeFi, NFT, and GameFi Adoption

The platform deems a resilient decentralized infrastructure very important for the mainstream adoption of DeFi, NFTs, and GameFi. As per it, a powerful decentralized infrastructure permits a seamless co-existence of fact verification, capital movement, and social interactions. Therefore, it has careworn the requirement for sensible, contextual information relays to satisfy person wants. Retaining this in view, the real-time datasets of Powerloom, purpose to advance the dApps. It permits them to ship an unparalleled client expertise with out shedding accuracy or pace.

Along with this, Powerloom is readying for the mainnet launch that can happen in January 2025. The present achievement denotes the growing curiosity among the many customers and builders for verifiable, correct, qualitative, and real-time datasets. The platform lets person apps function seamlessly with out relying on outdoors indexers or oracles. For this, it leverages the real-time synchronization of the composed datasets that it possesses.

Enabling Simple Entry to Clear, Exact, and Actual-Time Knowledge

The corporate finalizes the most recent information factors by way of a clear consensus mechanism together with committing them to IPFS. Their CID serves as a particular identifier to ensure information correctness. The platform synchronized each dataset to the blocks onchain to get real-time updates, monitoring the underlying blockchain’s unique state. This eradicates the danger of the execution of good contracts and apps based mostly on out-of-date info. Moreover, NFT platforms, GameFi apps, and DeFi protocols can straightforwardly get and make the most of the respective information factors.

Swaroop Hegde, the Powerloom co-founder, expressed pleasure concerning the momentous achievement of 1 billion newest information factors. He asserted that reaching such a large spot amid testnet displays the general mixed energy of the platform’s decentralized infrastructure. Furthermore, the launch of $POWER (the utility token of Powerloom) will reportedly play a central function in benefiting early adopters and ecosystem members. Now, whereas nearing the mainstream launch, Powerloom aspires to supply s rewarding, clear, and safe atmosphere for customers.

mycryptopot

mycryptopot

You Might Also Like

What are smart contracts? From basics to future trends

Cryplex AI and Accumulate (L1 Blockchain) Form Partnership to Boost Decentralized AI and Identity

FIFA to Build Its Own Blockchain on Avalanche

After Cardano and Solana, traders eye new token below $0.20 for next wave of big profits

IQ GPT to Enhance AI-Driven Lottery Experience by Integrating with Lottry

TAGGED:BlockchainBlockchain News
Share This Article
Facebook Twitter Copy Link
Previous Article © Reuters. Asia FX muted, dollar slips from 2-yr high on soft inflation data
Next Article Argentine Justice froze 3 million USDT Argentine Justice froze 3 million USDT
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
mycryptopot

Popular News

Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
SONEX launches on Soneium’s mainnet 
SONEX launches on Soneium’s mainnet 
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
Ripple XRP 13 years old birthday rally
Shiba Inu: 2 Realistic Price Levels SHIB Could Hit By 2030
Ethereum could rally 17% amid Bitwise thesis on ETH contrarian bet
Ethereum could rally 17% amid Bitwise thesis on ETH contrarian bet
Shiba Inu
Solana Unveils “Seeker” Phone: Will SOL Spike To $250 Now?
- Advertisement -
mycryptopot

You Might Also Like

Fusing AI and Blockchain to Optimize Banking Efficiency
Blockchain

Fusing AI and Blockchain to Optimize Banking Efficiency

March 4, 2025
Why TikTok Should Be OnChain
Blockchain

Why TikTok Should Be OnChain

March 14, 2025
EA Capital Obtains Crypto Asset Service Provider License in South Africa
Blockchain

EA Capital Obtains Crypto Asset Service Provider License in South Africa

October 10, 2024
Shaping the Future of User-Centric AI with Blockchain Innovation
Blockchain

Shaping the Future of User-Centric AI with Blockchain Innovation

February 11, 2025
Mycryptopot

"Welcome to MyCryptoPot, your go-to source for the latest insights and developments in the ever-evolving world of cryptocurrency.

Editor Choice

Ripple President Reacts to PayPal’s Stablecoin Move
NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound
Over 30% of wealthy Koreans prefer crypto as a long-term wealth strategy

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Twitter Telegram
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Reading: Powerloom Hits Over 1B New Data Points Prior to Its Mainnet Launch
Share
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Welcome Back!

Sign in to your account

Lost your password?