The project is a data archiving protocol, this protocol is a completely new stage in the development of WEB3.0 technologies, it standardizes, validates and stores data protocols. For what reason blockchains need KYVE so much , everything is simple here and the thing is that an ever - growing amount of information , with a lack of proper mechanisms , literally destroys blockchains , because the more it is , the more difficult and more expensive it is to interact with it .

What is important is that KYVE interacts with Arweave , KYVE in turn ensures the reliability and reliability of data , Arweave in turn deals with the availability of data .

Arweave is a kind of replication through a distributed network of participating resources, along with a well-thought-out donation structure aimed at storing information. Among other things , SmartWeave and Arweave ensure the operation of decentralized protocol pools , which I will also talk about .

Everything happens at the expense of decentralized pools, which can be described as separate objects organized around certain data sources, and representing, individually, decentralized autonomous organizations, or (DAO).

So the project validators and other network participants ensuring the operation and decentralization of the protocol will receive distributed tokens $KYVE . Validators and loaders are the main participants of the protocol . After all , only one loader is selected for each pool , which extracts data from the source , computes and loads data , validators , in turn , check the work of the loaders and , in case of non - compliance with the relevant requirements , reduces its rate

The utility of the token in this pool system is that in order to become part of the mechanism , the user must supply $KYVE to participate. If both the loader and the validators cooperate and remain in harmony with the goals of the pool, participants periodically receive payments. This payout is determined by the pool creator and, naturally, remains in balance for a period of time. Any node can switch between the loader and validator roles if needed. As additional pool members wish to join the pool and become a loader or validator, they too must stake $KYVE to enter, ensuring participation in the game and agreed incentives.