KYVE is part of the Cosmos ecosystem. KYVE is about data storage. The main idea is to store data decentralized but for an unlimited time. It is important. Usually, you store data either p2p or indefinitely. It was difficult to combine both points. But it’s different now.

What is the KYVE Network?

KYVE is a layer 1 blockchain. It was created using the Cosmos SDK. You won’t be surprised to know that KYVE is part of the Cosmos ecosystem.

KYVE is needed for persistent peer-to-peer data storage. Such data does not change, it scales, and these arrays have backups.

The Arweave tool is used for storage. Application developers or just users can access these files.

Who needs the KYVE Network?

KYVE is built for DApps developers, DApps users, and just people who work with data.

Verified data gets into the network. Data cannot be changed, and it is stored for as long as the KYVE blockchain exists.

Who creates the KYVE Network?

There are some big names here. Hypersphere and Coinbase are KYVE investors. Avalanche, Solana, and NEAR are KYVE partners.

The founders are Fabian Riewe and John Letey. Lead Developer: Troy Kessler.

Fabian

$KYVE token

$KYVE is the native token of the KYVE Network. Pretty expected. Data providers stake tokens. Good players are rewarded. Bad players lose part of the money.

Roadmap

2023 will be a busy year for KYVE. The key event is the launch of the main network. Yes, KYVE is in the testnet stage now. This is an incentive testnet. Therefore, you can earn some tokens if you are an active member.

You may be in the middle of things right now. The genesis file is finalized. The release date is March 14th. This also means that you will be able to trade $KYVE on exchanges.

In the 2nd quarter of 2023, KYVE will connect with a new storage provider. Also, oracle will be launched. Oracles are needed to supply quality data from the regular web to the blockchain.

By the end of 2023, we will see KYVE 2.0 and an updated web application. There will also be a grant program. This is necessary to build a strong ecosystem around the blockchain.

And, of course, follow the events. There will be many hackathons, AMAs, and marketing initiatives.

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