Calculate your earnings
What is Kyve
What is Kyve?
Kyve ($KYVE) is revolutionizing customized and secure access to on- and off-chain data by providing fast and easy tooling for decentralized data validation, immutability, and retrieval. With KYVE, developers, node runners, analysts, and more no longer need to worry about tedious querying or relying on centralized, non-validated solutions when sourcing or building with data.
KYVE’s native token is $KYVE, and it is an important part of the blockchain. On a chain level, it is used for staking and delegating and securing the network via proof of stake. $KYVE is also utilized on the protocol level for funding, staking/including delegating, and incentivizing participants.
- Governance: With $KYVE, users are able to participate in the blockchain's governance, vote for which pools can be made, control the treasury, etc.
- Funding: Storage pools need to be funded in $KYVE and can be offered by anyone.
- Staking: Storage pools need protocol nodes that upload and validate data.
- Delegation: To help secure the network, a user can delegate to a node since delegation is a type of staking that does not need a user to operate their own node.
Established in March 2021, KYVE is a Web3 data lake solution and protocol enabling data providers to standardize, validate, and store blockchain data streams. By utilizing permanent data storage solutions such as Arweave, the protocol’s Cosmos SDK chain develops backups and ensures the availability of these resources over time. KYVE operates as a decentralized autonomous organization (DAO) and is powered by decentralized archivers and validators funded by $KYVE tokens.
Cosmos is a decentralized network of independent, parallel blockchains that can scale and interoperate with each other. The Cosmos network is powered by a decentralized network of validators that run the Cosmos software and maintain the integrity of the network by reaching a consensus on the order and validity of transactions.
One of the main goals of Cosmos is to enable the interoperability of different blockchains, which means allowing them to exchange information and assets with each other.
In addition to these features, the Cosmos network also includes a number of tools and technologies designed to make it easier for developers to build and deploy decentralized applications (dApps) on the platform.