Introducing #fromtheArKYVE, a new series where the KYVE team will break down different aspects of the KYVE network & answer questions about decentralized data storage 🌐
This week, we’re diving into what it means to store data with in-built validation 🧵⬇️
Before we get into the technicalities, let’s take a step back and define what data validation & why it’s important.
Data validation, at a high level, refers to the process of checking the accuracy & quality of data before using or importing it elsewhere.
Why do we validate data?
The gathering, organization & distribution of data is extremely critical to all systems around us. But data collection is also vulnerable to manipulation. Malicious actors could tamper with data, compromising their integrity & accuracy in the process.
Where does @KYVENetwork fit into all of this? KYVE aims to store any data stream with in-built validation. Essentially, it is a data storage framework that provides ✨ reliable ✨ and ✅ verified ✅ data.
The KYVE network is powered by decentralized uploaders and validators. Developers can create storage pools and start storing their own data.
In each pool:
➡️ Uploaders are responsible for uploading new data
↔️ Validators then ensure the uploaded data is correct
Uploaders within the KYVE network are uploading new data onto decentralized data storage protocol, Arweave, to ensure the data is permanently backed up.
Happy Wednesday & welcome to this week’s #fromtheArKYVE ✨
This week, we’re taking a closer look at @KYVENetwork's recently launched protocol update & how users now MUST have new $KYVE tokens to use the network. Follow along ⬇️
In order to vote on proposals and participate in the @KYVENetwork, one needs voting power, which is only issued via delegation.
Through the new update, the KYVE team has worked to improve and further secure delegation in the network.
Before the update, if one delegated to a node and that node was slashed in the network, the delegation delegated to the node would also be slashed.
This was not ideal because we wanted the delegation to be as risk-free as possible.