Pocket Network is a decentralized blockchain data platform designed to meet the growing demands of Web3 and decentralized applications (dApps). It serves as a bridge connecting over 50 supported blockchains with their respective dApp ecosystems, facilitating reliable and cost-effective access to blockchain data.
Pocket Network operates a decentralized network of nodes that act as relayers between developers and blockchain networks. This network supports various blockchains, providing a standardized API for developers to interact with. It uses a Proof-of-Stake (PoS) consensus mechanism, where node operators stake the native token, POKT, to participate and earn rewards. The system incentivizes reliable data access, with rewards distributed for relays served.
Pocket Network was founded by Michael O'Rourke and Luis de Leon, born from discussions during daily commutes in Sarasota. It began designing its protocol in 2017, later forking Tendermint in 2020. The network has grown significantly, supporting billions of relays per month and forming notable partnerships. Technological advancements include the adoption of Rollkit and Celestia as part of its Shannon Upgrade, reflecting its ongoing adaptation and expansion in the Web3 ecosystem.