A basic intro to kyve network

Kyve network is an initiative that reconstitute data stream as permanent resources, for example a sequence of blocks from a blockchain. This further stored in arweave and made available for users consumption.

post image

DATA

A data is the smallest piece of information about a person or a thing, data gives us an inside of what happened in the past and present. For example the Alexandria library BC that have got burnt and almost everything was lost, KYVE would have been the best answer to that generation.

HOW KYVE NETWORK WORKS

Proffering long lasting solution within it’s framework is KYVEs best action. Getting anything and every thing that is data some into readily retrievable form, example text, images, number, voice etc. KYVE don’t just store data , it make sure the data is secured for a longterm. Data can only be proven valid when it last long.

post image

PROBLEMS WITH STORING DATA

Invalid data can be as a result of faulty transmission or interception by malicious actors, but before data can go invalid KYVE would have sorted out the issue with their built-in validation steps. Arweave is basically where all data is stored without any form of lost.

KYVE PROTOCOL

KYVE has different levels of how it actually works, the first is the governing system that handles different branches i.e governance duty is to enable staking and slashing of $KYVE token, making sure users work in accordance with the ethics of the network.

POOLS: Pools are literally set to collect data from around the world and to check the work or activeness of people using it. Each pool takes the form of (DAO) the Decentralized Autonomous Organization.

post image

TWO WAYS REQUIRED FOR INSTANTIATING POOLS: This is basically an instruction from the network (KYVE) to keep participant in good behaviour during and after the period of exercise.

1. UPIOADERS: An uploader is a person who gathers data from different sources and execute it criteria and the send the data to Arweave the permanent storage side.

2. VALIDATORS :The validators are bestowed with the of checking of what the uploader have done so far, so the validator runs a test on the uploader’s work, this is done to know the actual number of each pool.

$KYVE TOKEN

After the check and balance of the exercise on the network the $KYVE token services as a reward to hose who participated and met the objectives.

Get on with trusting KYVE NETWORK.

For more information

Website |Twitter |Github|Discord

kyve1s8q9tq488uptmu9yhfpmmmrjnazru0zf2jl4el