KYVE and Synternet have partnered to introduce a new era of historical and real-time blockchain data centralization mechanisms using the powers of the Interchain Stack. Their joint efforts are aimed to maximize the potential of the blockchain data spectrum and make it more accessible for developers, node operators, and data analysts.
1/ By leveraging the Interchain Stack, @KYVENetwork & @synternet_com aim to streamline historical and real-time data for all!
The collaboration improves the management and accessibility of blockchain data – supporting interchain developers, node operators, and data analysts. pic.twitter.com/cUrGXNqiUp
— Cosmos – The Interchain ⚛️ (@cosmos) May 14, 2024
KYVE and Synternet Utilize Interchain Stack for Web3 Data Infrastructure
Aware of the challenges one has to face when trying to collect, store, and analyze blockchain data in real-time. In this regard, KYVE and Synternet have deployed the Interchain Stack to secure an uninterrupted data flow available to all entities that operate in Web3.
Before The beginning, KYVE was acting as a smart contract which archived all the historical data onto Arweave. However, in order to comply with the Interchain Stack solution: demand for more scalability and better secure networks, KYVE needed to alter the way KYVE operated. Accordingly, on April 1st 2022, KYVE released its own Cosmos SDK Layer 1 blockchain designed for historic data management. KYVE did not only operate its own chain. However, KYVE also established a custom protocol logic that fulfilled its vision.
Similarly, Synternet benefits from the provided solutions of Interchain Stack by applying permissionless real-time data infrastructure. It will allow the creation of cross-chain dApps with composability data feeds model by developers. When utilizing Ignite CLI and Cosmos SDK used, Synternet will expand while maintaining the high-speed performance of its services. Finally, in the second quarter of 2024, Synternet will present its own Layer 1 blockchain in the interchain ecosystem. That Step will approve the motto of the use by providing web3 data infrastructure.
KYVE and Synternet to Break Web3 Data Barriers
Together, KYVE and Synternet are solving critical data management barriers for Web3 developers. KYVE guarantees trustless data permanence by verifying and securing data on decentralized storage networks such as Arweave, whereas Synternet guarantees real-time data transmission through its Data Layer.
Ultimately, the collaboration between KYVE and Synternet has facilitated the creation of a full dataset from the time of block genesis to the present, thus enabling analytics and dApp development in the Web3 world of the future. Through combining the old and new data management solutions, KYVE and Synternet promote a highly scalable, resilient, and low-cost Web3 industry.