KYVE and Synternet have collaborated 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 at maximizing the potential of the blockchain data spectrum and making it more accessible to developers, node operators and data analysts.
1/ Using the Interchain Stack, @KYVENetwork & @synternet_com aim to streamline historical and real-time data for everyone!
The collaboration improves the management and accessibility of blockchain data and supports interchain developers, node operators and data analysts. pic.twitter.com/cUrGXNqiUp
— Cosmos – The Interchain
(@cosmos) May 14, 2024
KYVE and Synternet use Interchain Stack for Web3 data infrastructure
Aware of the challenges you 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 flow of data available to all entities operating in Web3.
Before its inception, KYVE acted as a smart contract that archived all historical data on Arweave. However, to meet the Interchain Stack solution’s demand for greater scalability and more secure networks, KYVE had to change the way KYVE operated. Accordingly, on April 1, 2022, KYVE released its own Cosmos SDK Layer 1 blockchain, designed for historical data management. KYVE not only operated its own chain. However, KYVE also developed a custom protocol logic that met his vision.
Likewise, Synternet benefits from Interchain Stack’s delivered solutions by deploying permissionless real-time data infrastructure. It will enable the creation of cross-chain dApps with a data feed model for developer composability. When using Ignite CLI and Cosmos SDK, Synternet will expand while maintaining the high-speed performance of its services. Finally, Synternet will present its own Layer 1 blockchain in the interchain ecosystem in the second quarter of 2024. That Step will adopt the motto of using by offering web3 data infrastructure.
KYVE and Synternet will break Web3 data barriers
Together, KYVE and Synternet solve critical data management barriers for Web3 developers. KYVE ensures reliable data durability by authenticating and securing data on decentralized storage networks like Arweave, while Synternet guarantees real-time data transfer through its data layer.
Ultimately, the collaboration between KYVE and Synternet enabled the creation of a complete data set from the time of block genesis to the present, enabling analytics and dApp development in the Web3 world of the future. By combining the old and new data management solutions, KYVE and Synternet are advancing a highly scalable, resilient and low-cost Web3 industry.
