Future-Proofing Blockchain History with KYVE's Public Goods Funding

Robust data infrastructure is indispensable in today's expansive blockchain ecosystem. While most chains focus on building for the future, they often overlook the importance of preserving the past, relying on a few archival nodes or centralized storage providers hidden behind paywalls. It's time to change this paradigm.
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The KYVE Foundation, as the steward of the KYVE Network streamlining decentralized data storage and accessibility, introduces its own Public Goods Funding (PGF) Program. This initiative aims to empower blockchains with full decentralized historical data support while fostering a collaborative experience within their existing networks.
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Already running on chains like SOURCE Protocol and Andromeda, KYVE looks forward to expanding PGF to more ecosystems, ensuring seamless data support for all of Web3.
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Decentralize Your Data With KYVE‍

KYVE is revolutionizing decentralized data management by ensuring data validation, permanent storage, and customizable access for leading blockchains like Cosmos Hub, Cronos, Axelar, and others. Helping these chains avoid costly and risky archival nodes, losing important historical data, or having their ecosystem blocked with paywalls or risky RPCs.

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Via KYVE’s DPoS protocol and data accessibility tooling, any blockchain or dApp can offload its historical data, enhancing scalability and transforming it into a trustless public good, AKA making it free and reliable for developers, node operators, data analysts, and other data users to leverage.

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Details on KYVE Network's data tooling suite:

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KSYNC: Nodes are at the heart of blockchains. To enhance the node experience and overall scalability, KSYNC enables rapid node syncing to any historic block, state, or height of a chain made trustless by KYVE.
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Trustless API: KYVE’s Trustless API enables developers to connect their applications to historical blockchain data archived and validated by KYVE within seconds. Plus, with a Merkle Proof attached, clients can be 100% sure the retrieved data is valid.
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Data Pipeline: For analytics purposes like explorers, marketing tools, or accounting solutions, developers need to be able to analyze big data sets quickly. KYVE’s Data Pipeline enables just that, providing a customizable no-code solution for importing trustless data into BigQuery, Snowflake, MongoDB, and others.

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How Public Goods Funding Works

KYVE's Public Goods Funding Program is the catalyst for blockchain projects seeking robust data support. 

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So far, the KYVE Foundation has covered the costs of integrating over 6TB of blockchain data from Cosmos Hub, Axelar, Cronos, and others. To maintain this support for these chains, the KYVE Foundation requests to receive a delegation to run a Public Good node on respective chains and use the generated returns to keep the integration (data pool) running and consistently caught up to live height.

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This initiative is a mutually beneficial opportunity for KYVE and all partner projects. It leverages a delegation to fund the off-boarding of their historical data for optimal scalability, avoiding costly archival nodes while also expanding KYVE’s trustless data sets and capabilities.

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Once tokens are collected, a proposal will be submitted to KYVE’s governance forum to whitelist the tokens and subjected to a 1 week voting period before being implemented on the protocol for funding. 

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If passed, the data pool will mainly be funded by commission rewards from the public good validator delegation, and the validators and delegators participating in the relative data pool(s) will be rewarded in tokens from both KYVE and the data source chain.

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Looking Forward

Join KYVE in shaping the future of decentralized data management. With PGF, blockchains can achieve unparalleled data reliability and scalability, setting new standards for Web3 innovation.

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Don’t hesitate to reach out via official KYVE channels to learn more about the PGF initiative.

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Blog Author: Margaux, KYVE Head of Marketing

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