Pocket Network’s Relay Mining Incentives are Driving a New, Decentralized Data Ecosystem

Source Cryptopolitan

Artificial Intelligence (AI) is experiencing tremendous growth—from adoption to investment—as it promises increased productivity, cost reduction, and enhanced decision-making.

To deliver these benefits, AI models rely on massive datasets for training. This data is scraped from all over the Internet, including publicly available datasets, user-generated content, and even synthetic data generated by AI itself.

With AI, it’s all about data. Yet, there is little transparency about how this data is used by companies. More importantly, no one is being compensated to meet AI’s insatiable demand for data.

Writers, artists, and other content creators are contributing to AI’s massive knowledge base and helping it advance, but get nothing in return. It’s time to change that! But how? Pocket Network has the answer.

Pocket Network is a decentralized, open-source infrastructure that offers high-performance self-healing access to public data anywhere. It basically enables the free flow of data reliably across applications, businesses, and communities incentivized with crypto benefits.

This way, the network provides developers with low-cost, resilient access to data while rewarding participants for providing the data. To align these incentives, Pocket Network uses Relay Mining.

Digital Delivery Service that Incentivizes Participants to Handle Network Requests 

Relay Mining is a process that incentivizes network participants to handle its requests. It uses simple math to guess how much work each node is doing and then ensures that all participants are rewarded fairly. 

The way it works is — instead of solving complex mathematical puzzles, the miners here compete to service relays, which are API requests that applications make to access blockchain data. 

Think of it like a digital delivery service where apps are customers who request data from blockchains. Network service providers are the delivery drivers who pick up these requests and plug them into the right blockchain. Each successful delivery or relay earns them a fee. 

In relay mining, anyone—even small players—can join and provide services, widening participation, increasing decentralization, and strengthening the network.

Relay Mining also ensures everyone is paid for their contributions, creating a more sustainable ecosystem.

Pocket Network has been leveraging this mechanism to provide on-chain users with reliable, decentralized access to data for training AI agents and powering their dApps. To date, the network has already served nearly 1 trillion relays across diverse protocols. 

Pocket Network Powered by Relay Mining Set to Thrive in the Days to Come

In the fast-paced and innovative world of crypto, Pocket Network has emerged as a powerful protocol that offers unique advantages to builders and non-technical crypto users alike. 

For instance, node operators can turn idle hardware into a revenue-generating asset by providing valuable service to the network. In exchange for this, they earn POKT tokens. Over 10,000 nodes are currently powering data access for global AI and Web3 projects.

Developers, meanwhile, get access to a decentralized network of data providers, which is resistant to censorship and offers the benefits of scalability. Hundreds of developers are actively building and using Pocket Network.

This is just the beginning, though, as the growth of Web3 and AI will mean the need for more data than ever. 2024 alone has witnessed 2.5 million exabytes of traffic monthly transferred, equivalent to more than 5 trillion hours of video. 

So, as AI becomes more advanced and more widely used, its demand for high-quality, low-cost data will also grow. Pocket Network offers an unstoppable, robust, and open-source infrastructure to access reliable, performant, and cost-effective data for model training, paving the way for a truly decentralized AI ecosystem where everyday users help reshape industries and power the future!

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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