Over the last week (09/09 to 09/15), the Pocket Network protocol has successfully relayed over 177.2M application requests and settled at 5,744 nodes.
Weekly Relay Recap & Analysis 👋
This week close to 700 new nodes joined the network, bringing the total much closer to the 6,000 mark! It’s exciting to see the avg. daily relays found a floor much higher compared to August and July. After the massive surge in relays in early September, Pocket Network now processes over ~27.5M relays per day throughout the past two weeks as shown in the chart below.
Throughout the past four weeks, close to 750M relays were successfully processed by the network. This is a massive accomplishment and is a significant increase compared to the previous WRR. We’re excited to see what the next couple of weeks bring us.
As mentioned, this past week ~177M relays were processed. The below pie chart shows the distribution of the ~1,77M POKT minted.
The POKTscan dashboard shows FUSE and the Ethereum Network drove the majority of the relays this week. Interestingly, Ethereum Goerli is driving increasingly more relays. Solana has now been whitelisted for about a week, we’ll keep a close eye on all progress made around all (new) supported blockchains.
* Green: Ethereum Network, purple: FUSE.
PEP-10: Returning a Mistaken DAO Fee
Voting for PEP-10 closed and successfully passed.
In PEP-10 proposed to return POKT to a community member who accidentally swapped the number of POKT to transact with the transaction fee. As a result,
400k POKT were now accidentally paid as a transaction fee.
The block producer already returned 9.09% and the DAO has the means (and now the approval) to return the remainder (90.91%).
This is a special and very specific case in which the majority of that POKT ended up under DAO control and should not be confused with other cases where POKT may be lost due to sending to the wrong address, or losing keys.
Blockchain whitelist preparations
Now that Solana (0006) is whitelisted, preparations are made to whitelist Algorand Mainnet (0029) and Algorand Archival (000D). It is expected Algorand will be supported within the next week.j
We advise node runners who wish to support these chains to begin making their own preparations by deploying their own nodes, getting up to sync, and simulating relays to ensure that everything is working as intended. 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 if you haven’t already.
P.S. some fun stats about the Avalanche network that was recently added:
Pocket Network proudly announced to sponsor the ETHOnline Hackathon for a second year in a row!
The Hackathon runs for a month from September 17th (Today!) to October 15th with over $200k in prizes! It’s a month-long hackathon with multiple single-day conferences designed to bring developers and creators together to experiment with NFTs, DAOs, DeFi, and L2.
For more information, also see: http://online.ethglobal.com/
Polygon Hackathon Developer Workshop
Yesterday Enrique hosted a workshop on how to power Polygon with Pocket endpoints.
If you’re interested in learning more about Pocket Network and/or integrating with Pocket using the portal, then this workshop is for you! If you’re still doubting whether running a Pocket node is something for you, then don’t hesitate, this workshop is also for you: https://www.youtube.com/watch?v=bk7TWZWaF74
OurDecentralizedFuture – Podcast Ep.
And… if you haven’t had enough to listen to yet, CEO Michael O’Rourke joined OurDecentralizedFuture in a podcast episode on how fee-less blockchain is used to power Web3.0:
What can you do to drive relays and add nodes to 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.
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:
They 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.