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Weekly Relay Recap #43

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POKT Network
Nov 20, 2023
News
Weekly Relay Recap #43

Over the last week (10/14 to 10/20), the Pocket Network protocol has successfully relayed over 293.2M application requests and settled at 7,572 nodes.

Weekly Relay Recap & Analysis 👋I’d love to start off this weekly relay recap by sharing that the Pocket Network officially crossed OVER 1 BILLION RELAYS in a SINGLE month! 1,006,489,824 relays to be precise! This is a huge milestone that is worth celebrating, and reflects perfectly how far the community, team, and DAO have come this year already. With Harmony now supported by Pocket Network nodes, we immediately saw the effect on POKTscan. The year hasn’t come to an end though, we look forward to all the upcoming milestones that are to be achieved this fourth quarter.

Overall, the number of relays processed went slightly down this week, compared to last week. However, the last couple of days made up for that with a huge surge and over 50M relays processed on October 20th. Thanks to this surge, it looks like the uptrend continues.

The pie chart below shows the distribution of all POKT (rewards) minted this past week.

Harmony was recently added as a supported blockchain to the Pocket Network. Right after being added, Harmony immediately took the #1 spot in the leaderboard of most relays per blockchain. Followed by FUSE and Ethereum.

Updates

Blockchain Whitelisting

Several new RelayChainID whitelistings are here!

  • IoTex Mainnet is now whitelisted (0044)
  • Avalanche Archival is now whitelisted (00A3)

DO NOT add the RelayChainIDs to your pocket node stake until you have ensured your nodes are working correctly, otherwise your Pocket node will be slashed.If you need any support, please join us on Discord in the #node-runner channel.GovernancePEP-11: Bridge to a Multi-chain POKT is now up for voting, voting closes on October 24th. If you’re interested in making your voice heard, then make sure to cast your vote before the deadline.‘’An inter-chain bridge is a key component to maintaining a 1:1 value between the wPOKT Erc20 token and the POKT native token. We propose to build a bridge in this vein, but in a more expansive manner with multiple chains that accurately reflects the current Multi-chain universe reality.’’For all info related to this proposal, visit the Governance forum: https://forum.pokt.network/t/pep-11-bridge-to-a-multi-chain-pokt/1131

News

EthOnline Pocket Bounty Winners

🧵As #ETHOnline comes to a close, we want to give special thanks to the 16 projects who won a bounty by using Pocket in their project 🏗

Together we can build towards a more decentralized future💪https://t.co/wuuzEZZe6X pic.twitter.com/ZHg5DKvhn2— Pocket Network (@POKTnetwork) October 19, 2021

We are excited to share that the EthOnline Hackathon bounty winners have been announced!16 innovative hacks used Pocket for decentralized infrastructure during this hackathon.Give them a huge applause and open our full announcement to check out all the amazing entries: https://bit.ly/ETHOnline2021POKT

What can you do to support the network?

Apps and App users.

If you care about privacy and decentralization, replace the default network provider in your MetaMask wallet with actual decentralized node infrastructure by adding a Pocket-powered RPC endpoints for Ethereum, Avalanche, xDAI, Fuse, and/or Polygon through the custom RPC settings!Try out any of these other apps listed in the Conscious Dappitalism page within our new docs .You can also earn a skill-role in our Discord community server for dogfooding any of those applications by completing a quest within the POKT arcade.

Nodes

Don’t know how to run a node? Check out the Node Runner docs above to learn how.Try out Node Pilot, it’s the most user-friendly option to spin up both base layer blockchain nodes and Pocket nodes.If you run into any issues,  a community of node runners (and our support team) would be happy to help. If you’d prefer to not run a node yourself, check out the forum for a list of node providers offering their services to people interested in participating in the ecosystem.

How to purchase POKT to stake?

When you are ready to take the step forward in supporting decentralized node infrastructure and earning Pocket’s native cryptocurrency for serving apps then visit any of these community-established OTCs:https://forum.pokt.network/t/secondary-markets-for-pokt/629They are the best way to buy or sell POKT; and it helps nodes cover the cost of their infrastructure. Join either private telegram channels (requires telegram) and message the admin to get started. Note that there are fees associated with the OTCs to help cover their costs and that neither Pocket Network, Inc., the Pocket DAO, nor the Pocket Foundation receives any of these fees nor any proceeds from the sale of POKT through the OTCs.

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