Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Loss Bitcoin -bears? $ 31 million wiped out in BTC Shorts Liquidation

2025-05-11

What is the next step for Bitcoin, XRP, Ethereum and Solana Price?

2025-05-11

DAC -Platform to redefine Web3 experiences in strategic cooperation with Fishcake Labs

2025-05-11
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    DAC -Platform to redefine Web3 experiences in strategic cooperation with Fishcake Labs

    2025-05-11

    Floki Inu enables Web3 users with a new identity platform

    2025-05-11

    Metis launches Hyperion Testnet with $ 400k rewards and AI Focus

    2025-05-11

    Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

    2025-05-10

    China’s Beijing unveils 2-year DLT Development Action Plan

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

    2025-05-11

    Bullish Continuation for XRP price shows possible recovery up to $ 4

    2025-05-11

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Lava Network heats up the hub landscape with market forces
Blockchain

Lava Network heats up the hub landscape with market forces

2023-11-29No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Decentralization is a spectrum. After years of relatively centralized critical infrastructure in the node space, the industry is making progress toward achieving a more Web3-native vision.

Lava Network rolled out its Software Development Kit (SDK) Beta on Tuesday, moving the page into a new phase of its testnet. The project serves as a marketplace for powerful, decentralized blockchain Remote Procedure Calls (RPC) and APIs.

RPC nodes are essential for users interacting with blockchains, but when offered by a few centralized companies they represent a single point of failure. They can also pose issues related to privacy, censorship, and data accuracy.

Read more: Consensys invites Big Tech to a decentralized infrastructure network

Unlike most testnets, Lava’s already serves two hundred node providers, operating on the respective mainnets of their blockchain.

CEO Yair Cleper calls it ‘a kind of Uber for nodes’.

To date, Lava has seen rapid organic growth in demand for the network to replace current public RPCs that are often managed by ecosystems themselves.

“We call it an incentivized public RPC,” said Cleper, or IPRPC. “We offer our community – our node runners – the opportunity to join the IPRPC in its special chain, and the ecosystem rewards them.”

The protocol, which is backed by leading crypto-native investors such as Tribe Capital, Jump Capital, AlphaLab, Hashkey and Alliance DAO, already supports 30 active chains.

Lava Network itself is a modular layer built as a sovereign app chain using the Cosmos SDK and acts as a distribution channel for node providers. It automatically routes requests to the most optimal node available, based on the service quality score.

See also  OG Labs partners with AI-powered Crypto Neural Network Pond

These scores, tallied by Lava based on latency, availability and “newness” of the data, ensure the network can deliver reliable and fast data providers to developers and users. This is all done programmatically, strictly based on market forces rather than as a result of off-chain agreements.

The Lava chain maintains service scores and payouts distributed monthly, eliminating the need to locate nodes and contract with them separately.

On a mission

Cleper and technology agency chief Gil Binder both served in the Israeli army. Cleper is based in Tel Aviv, while Binder moved to New York about five years ago. The 2021 edition of the Solana Breakpoint conference was the pair’s first foray into crypto.

They found infrastructure shortcomings across the sector.

“There is a natural evolution in the way blockchain data is consumed,” Cleper told Blockworks. “From the beginning – everyone manages their own nodes – and then to the centralized provider; they really remove the barrier to consuming, reading and writing data, but at the same time introduce new problems.”

There have been attempts to decentralize the infrastructure stack, including among the large centralized players, but Lava’s approach to the problem is new.

First, the Lava SDK is “a peer-to-peer communication protocol, directly from the browser, that only accesses the top provider without any intermediary layer,” Cleper explains, sidestepping the drawbacks of the more centralized status quo.

Second, there’s a new blockchain primitive, which Lava calls “specs.”

inspect “specifications”.

The introduction of specifications allows anyone to add support for new chains, APIs and data services to the network without permission, significantly expanding Lava’s capabilities.

See also  earn the next Sony crypto for free!

“Anyone can join Lava, clear their own lava, introduce and build their own specs while supporting the new emerging chains,” Cleper said.

In a modular multichain world with potentially hundreds or thousands of app chains and rollups, centralized node providers simply won’t be able to keep up, he said.

“And we thought, how can we leverage the power of community to create a kind of Amazon algorithm that automatically gives you the best provider that continually scores the session and the service you provide.”

The specification is analogous to the categories of items in the Amazon store. Lava collects all providers that adhere to a certain specification, and the Quality of Service algorithm connects the user directly to the best available option.

To use another analogy, “a specification is like a menu in a restaurant,” Binder said. “It tells you what the specifications are, what data you can get and what the interface is to get the data.”

Node providers are like franchisees of a restaurant chain with all the same dishes on the menu.

RPC nodes are just the first step, but Binder expects a stream of data APIs to leverage the network and provide structured, indexed data for all kinds of Web3 use cases. The team is in discussions with indexing providers such as Subsquid.

Node providers, such as Blockdaemon, Chainstack, and hundreds of others, receive a prorated share of rewards based on service quality. Lava facilitates reputation on-chain, based on verifiable data from the provider’s service.

“We use that reputation to increase how often a provider can access users,” Binder said. “It’s a market – for providers, for consumers, for champions – to bring in these opportunities and then compete around quality, which ultimately results in better service.”

See also  Coinbase & almost reveal decentralized AI services

It is no longer necessary to argue for decentralized infrastructure. “Everyone agrees with this message that decentralizing RPC is the way to go, and now the question is the best platform for these providers to compete on,” he said.

Source link

forces Heats Hub landscape Lava market Network
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

DAC -Platform to redefine Web3 experiences in strategic cooperation with Fishcake Labs

2025-05-11

Floki Inu enables Web3 users with a new identity platform

2025-05-11

Metis launches Hyperion Testnet with $ 400k rewards and AI Focus

2025-05-11

Bitcoin – Price is rising by $ 100k – Bull Market officially back?

2025-05-10
Add A Comment

Comments are closed.

Top Posts

This is what Bitcoin has to do to confirm Bullish Breakout, according to Trader who has nailed 2024 BTC correction

2025-04-01

More than 100,000 ChatGPT accounts compromised, cybersecurity firm reports

2023-06-23

Chainlink unveils new CCIP feature for private transactions for financial institutions

2024-10-23
Editors Picks

The strategic positioning of MBG

2025-04-29

Hedera Council welcomes Hitachi and Australian Payments Plus to accelerate real-world industrial solutions

2024-01-30

AltLayer and Inco join forces for computing via confidential data from new dApps

2024-05-03

Ethereum Stablecoin Supply affects record $ 132 billion – what is ETH’s question for ETH?

2025-03-25
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Loss Bitcoin -bears? $ 31 million wiped out in BTC Shorts Liquidation

What is the next step for Bitcoin, XRP, Ethereum and Solana Price?

DAC -Platform to redefine Web3 experiences in strategic cooperation with Fishcake Labs

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,846.280.35%
  • ethereumEthereum(ETH)$2,483.822.90%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.35-2.29%
  • binancecoinBNB(BNB)$651.22-0.07%
  • solanaSolana(SOL)$171.330.41%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2293371.71%
  • cardanoCardano(ADA)$0.79-2.16%
  • tronTRON(TRX)$0.2602640.13%
  • suiSui(SUI)$3.94-0.22%
  • chainlinkChainlink(LINK)$16.551.32%
  • avalanche-2Avalanche(AVAX)$24.42-0.17%
  • stellarStellar(XLM)$0.303587-0.41%
  • shiba-inuShiba Inu(SHIB)$0.0000160.42%
  • hedera-hashgraphHedera(HBAR)$0.205246-1.16%
  • the-open-networkToncoin(TON)$3.401.12%
  • bitcoin-cashBitcoin Cash(BCH)$408.36-2.89%
  • hyperliquidHyperliquid(HYPE)$23.99-4.43%
  • polkadotPolkadot(DOT)$5.030.14%
  • piPi(PI)$1.1051.68%
  • unus-sed-leoUNUS SED LEO(LEO)$8.34-3.80%
  • litecoinLitecoin(LTC)$99.52-2.77%
  • moneroMonero(XMR)$327.18-0.07%
  • bitget-tokenBitget Token(BGB)$4.79-2.02%
  • pepePepe(PEPE)$0.0000132.47%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.842.62%
  • bittensorBittensor(TAO)$447.670.89%
  • nearNEAR Protocol(NEAR)$3.124.64%
  • aptosAptos(APT)$5.902.64%
  • okbOKB(OKB)$54.931.00%
  • aaveAave(AAVE)$217.58-1.11%
  • ondo-financeOndo(ONDO)$1.02-0.65%
  • internet-computerInternet Computer(ICP)$5.623.11%
  • ethereum-classicEthereum Classic(ETC)$19.720.80%
  • kaspaKaspa(KAS)$0.1067891.32%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.68-2.50%
  • mantleMantle(MNT)$0.804.18%
  • gatechain-tokenGateToken(GT)$21.84-1.25%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.256992-0.29%
  • render-tokenRender(RENDER)$5.150.49%
  • crypto-com-chainCronos(CRO)$0.099033-1.28%
  • vechainVeChain(VET)$0.030573-0.14%
  • ethenaEthena(ENA)$0.4036206.32%
  • arbitrumArbitrum(ARB)$0.44948910.21%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%
  • filecoinFilecoin(FIL)$3.122.24%
  • algorandAlgorand(ALGO)$0.2394860.17%
  • bitcoinBitcoin(BTC)$103,846.280.35%
  • ethereumEthereum(ETH)$2,483.822.90%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.35-2.29%
  • binancecoinBNB(BNB)$651.22-0.07%
  • solanaSolana(SOL)$171.330.41%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2293371.71%
  • cardanoCardano(ADA)$0.79-2.16%
  • tronTRON(TRX)$0.2602640.13%
  • suiSui(SUI)$3.94-0.22%
  • chainlinkChainlink(LINK)$16.551.32%
  • avalanche-2Avalanche(AVAX)$24.42-0.17%
  • stellarStellar(XLM)$0.303587-0.41%
  • shiba-inuShiba Inu(SHIB)$0.0000160.42%
  • hedera-hashgraphHedera(HBAR)$0.205246-1.16%
  • the-open-networkToncoin(TON)$3.401.12%
  • bitcoin-cashBitcoin Cash(BCH)$408.36-2.89%
  • hyperliquidHyperliquid(HYPE)$23.99-4.43%
  • polkadotPolkadot(DOT)$5.030.14%
  • piPi(PI)$1.1051.68%
  • unus-sed-leoUNUS SED LEO(LEO)$8.34-3.80%
  • litecoinLitecoin(LTC)$99.52-2.77%
  • moneroMonero(XMR)$327.18-0.07%
  • bitget-tokenBitget Token(BGB)$4.79-2.02%
  • pepePepe(PEPE)$0.0000132.47%
  • daiDai(DAI)$1.00-0.03%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.842.62%
  • bittensorBittensor(TAO)$447.670.89%
  • nearNEAR Protocol(NEAR)$3.124.64%
  • aptosAptos(APT)$5.902.64%
  • okbOKB(OKB)$54.931.00%
  • aaveAave(AAVE)$217.58-1.11%
  • ondo-financeOndo(ONDO)$1.02-0.65%
  • internet-computerInternet Computer(ICP)$5.623.11%
  • ethereum-classicEthereum Classic(ETC)$19.720.80%
  • kaspaKaspa(KAS)$0.1067891.32%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.68-2.50%
  • mantleMantle(MNT)$0.804.18%
  • gatechain-tokenGateToken(GT)$21.84-1.25%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.256992-0.29%
  • render-tokenRender(RENDER)$5.150.49%
  • crypto-com-chainCronos(CRO)$0.099033-1.28%
  • vechainVeChain(VET)$0.030573-0.14%
  • ethenaEthena(ENA)$0.4036206.32%
  • arbitrumArbitrum(ARB)$0.44948910.21%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%
  • filecoinFilecoin(FIL)$3.122.24%
  • algorandAlgorand(ALGO)$0.2394860.17%