Over the last week (02/03-02/09), the Pocket Network protocol successfully relayed nearly 2.2 Billion application requests (down by 7.5%) & settled at 28k staked nodes (up by 5.9%)!
Weekly Relay Recap & Analysis 👋
Another consistent week at Pocket Network with relays average at 300M+ daily average minting around 3M+ $POKT across the 28k+ staked nodes on the network.
Pocket’s engineering team is preparing to whitelist the OEC blockchain around 23rd February. Node runners can start preparing their infrastructure.
See you all at the #ETHDenver! Make sure to stop by on the second floor and say hi!
The average daily relays were down by 7.5% compared to last week at around 311M relays.
Nearly 8.8B relays have been processed in total throughout the last four weeks. The exact figures are displayed in the table below.
For those interested in diving deeper into the metrics, one can find them on C0D3R’s Pocket Network charts.
The pie chart below shows the distribution of all POKT rewards minted over the past week between the service nodes, block producers, and the Pocket DAO.
At the time of this writing, Pocket Network now has 28,661 nodes!
Distribution of relays requested by blockchains:
While the top relay drivers continued to remain the same, here are the top changes of the week:
- xDai Archival- Up by another 37%. Relays grew from 33.3M relays last week to 45.6M relays this week.
- ETH Archival Trace – Up by 34.8%. Grew from 2.3M relays to 3.1M relays.
- Ethereum Kovan – Up by 28%. Grew from 6.3M relays to 8.1M relays.
- POKT Mainnet – Down by 44%. Down from 6.7M relays to 3.8M relays.
What do you think the lineup will be like next week? Share your thoughts on Twitter!
wPOKT dev log #12 was published earlier today!
Here’s the quick download:
- Ferrum Network, the team behind PIP 11: Bridge to a multi-chain POKT and Pocket Network have been working in collaboration on the development of multichain bridge.
- Changes made to Ferrum solutions architecture to support non-EVM compatible networks. Earlier, the bridge and staking contract were EVM compatible only.
- Next steps require a close collaboration with the POKT team in order to bring Ferrum Network’s bridging, staking, and other technical solutions to Pocket Network.
For more details and links, read the full developer log here:
There are no active proposals up for vote in Pocket Snapshot as of today.
These proposals are under active discussion by community members:
- PUP-12: Inflation Stop-Gap Proposal: Double Trouble
- PEP-21: Bypass wPOKT LBP and go straight to the bridge
- PUP-11: WAGMI Inflation
- PEP-19: The Development of PocketRS, Ongoing Client Support, and Feature-Rich Documentation
- PEP-16: Universal Contributor Income
- PIP-11: Implementing an On-chain Rev Share Mechanism
We are seeing active and engaging discussions by the Pocket Network Community on the forums. Join the discussion and share your opinion. Your voice matters and will be heard. You can do so by clicking the hyperlinks of any of the proposals.
Whitelisting OEC Mainnet blockchain
Pocket Network announces whitelisting of OEC Mainnet (0047) around 23rd February.
A call out to the node runners who wish to support this chain 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.
Currently the whitelisting is for full nodes and not archival service, however archival service may be enabled in the future.
Please see here for docs on how to spin up these types of nodes:
Follow the #announcements and #node-runners channel on Pocket Network’s discord for more updates.
Pocket Network v1 spec release
Last week Pocket Network revealed to the community v1 specs! The call was held on Discord/Twitter spaces and was met with great excitement and interest in the future of Pocket.
(For those that missed this call, the recording is below!)
Shortly after, the detailed docs were released.
Here are the simplified docs for v1:
And the deeper technical specifications:
Missed the community call but wanted to attend?
You can still do it! This was just one of the calls planned. RSVP to the below scheduled calls in the upcoming weeks:
Pocket Network v1.0 Utility Q&A
Sampled the future of Pocket Network’s economics and still fishing for more? 🎣 Join this Q&A with Andrew Nguyen, Protocol Lead, Pocket Network and BenVan, a long term community member.
The recording of this event is here:
Pocket Network v1.0 Persistence Q&A
Validate the state of the engine powering Pocket Network’s data storage needs by joining this Q&A with Luis Correa de León, CTO and Co-founder, Pocket Network and Irving Rivas, Communications Chief, Pocket Network
Pocket Network v1.0 Consensus Q&A
After digging into the hot stuff that is the v1.0 Consensus specification, join this Q&A with Andrew Nguyen, Protocol Lead, Pocket Network and Daniel Olshansky, Protocol Specialist, Pocket Network.
Pocket Network v1.0 P2P Q&A
When we read this Gem of a P2P structure we are hopping with excitement. If you were too, and want to become a leader in v1.0 awareness, push “interested” on this Q&A with Hamza Ouaghad, Protocol Engineer, Pocket Network; Otto Vargas, Blockchain Engineer, Pocket Network and BenVan, Protocol Advisor, Pocket Network.
Community-developed Ecosystem Tools
Node Pilot updates
Node Pilot release another update v0.11.1. It comes with many updates, fixes, and optimizations.
After updating, go to the main dashboard to update your Harmony and Ethereum nodes.
Read the complete update here:
- BUG FIX: Error 400 code when select nodes on Rewards by Chains Chart.
- BUG FIX: First color series on rewards by nodes chart was not the same color of color picker.
- ENHANCE: Established contains as default filter on address columns on several tables to allow case insensitive search as default.
- ADDED: Button to paste addresses on node selector dropdown.
- ENHANCE: Removed the option to paste a list of address on address filter for node selector and established contains as default filter.
Other Community Updates
Poktpool is on its 17th Tranche now with 2300+ members staking varied amounts of POKT!
After a temporary dip in rewards last week, the average Rewards per Day are back at 106.01 per Day per Node as of this writing.
Latest from the poktpool.digest:
Happy February @poktpool community 🐙
— poktpool.digest 🐙 (@poktpooldigest) February 2, 2022
Poktopus $POKT Giveaway
Community member Jinx plans a #POKTSTORM giveaway on reaching 5k followers on Poktopus’s twitter account.
Node Runner Office Hours
This week’s Node Runner Office Hours spoke about:
- Recap of WAGMI and Double Trouble proposals and the suggestions on inflation proposals..
- Based on community estimates, current node infrastructure can sustain for more than 4 times the current requested daily relays.
- Recap of v1 protocol spec released and how it affects node runners.
- For best results latency to the RPC endpoint from node should be under 100 ms.
Watch the video here:
Node Runner Office Hours is a weekly community call that happens every Wednesday at 1 PM, EST. Head over to the Pocket Network discord channel to subscribe to the call next Wednesday.
FUSE Mainnet bolsters relays requests via Pocket Network
In a major boost to the robustness and decentralization of the platform, 20% of the official Fuse RPC traffic has been assigned to the Pocket Network-powered full nodes.
Ferrum Network is making progress on multi-chain bridge
Ferrum Network has made major architectural changes to ensure that the bridge is compatible not just with EVM but across blockchains. Read more about it on the dev log released this week.
Pocket Network’s growth to 9.5 billion relays
Pocket Network served a record 9.5 billion relays in the month of January – up more than 80% from the previous month. This is a hundredfold increase in daily relays within just one year.
Read more about Pocket’s exponential growth here:
Pocket Network attending Synapse Summit 2022
Held in Tampa, FL on February 17th, 2022, Synapse Summit is the place to celebrate, discover and engage everything the Florida innovation community has to offer.
It is a 2 day event featuring keynote addresses from Manny Medina, Media Capital; Cathay Hack, CEO & Chief Metaverse Officer, The Futures Intelligence Group, Felecia Hatcher, CEO, Black Ambition & Synapse Innovation Awards and a AMA with Michael O’Rourke, CEO, Pocket Network
Gate.io does an AMA with Pocket Network
Earlier this week, Gate.io organized a AMA hosted by there BDM Mariela Tanchez and attended by Adam Liposky, COO of Pocket Network.
What can you do to drive relays and add nodes to the network?
Apps & 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 & Node Runners
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.