Pocket Network is a decentralized blockchain API built for Web3 applications that transfers data between any blockchain over a Network of thousands of nodes. The Pocket Network protocol validates all relay data and rewards participating nodes proportionally using POKT.

Blockchain data infrastructure, on a high growth track with strong certainty, will benefit from the evolution of the Web3 wave over the long term.

Pocket Network allows developers to connect applications to a public blockchain (and other public distributed systems such as Airweave) in a decentralized manner, without having to host their own nodes.

1.Pocket Network allows developers to connect their applications to the blockchain of their choice in a decentralized, private, cheaper and scalable way. 2.Pocket Network creates new revenue streams for node runners that have traditionally been sidelined in the incentive structure of most blockchains.

Pocket Network's business structure consists of a main chain + node operator Network. The main chain of Pocket Network is a PoS Network, and all operators involved in data relay tasks participate in the Network in the form of Pocket Network nodes (one operator can run multiple Pocket Network nodes to maximize its benefits). The main function of Pocket Network is mainly to run pledge, incentive and transfer system, rather than to run smart contract, so it is not a Network born for high TPS. Pocket Network itself does not directly provide data relay services for applications, but provides a bilateral market composed of both ends of supply and demand of all nodes: At one end of the market are Web3 applications that need to call full-node data, and at the other end are clusters of nodes run by different full-node operators that run full-node mainnets including Ethereum, Bitcoin, Polygon, Solana, Harmony, etc. Pocket Network provides full node operators with their own Pokt token incentive (and punishment for unqualified nodes) through their own application chain and related protocols, connecting supply and demand.

1. In the data relay market set up by Pocket Network, there are two main roles: web3 application, the demander of data relay service, and node service provider, the provider of data relay service. Both of them need Pokt to participate in the Network. 2 Pokt is also an important medium of community governance, which is required for both proposal and participation in governance.

Elasticity. No matter how well funded and capable the DevOps team is, a centralized vendor will always fail (2). However, Pocket's hundreds of independent node providers are unlikely to go out of business all at once. If the application is paired with Fall, Pocket routes its requests to other nodes. There is no down time. Reduce costs. Pocket creates an open market for node access. Since anyone can contribute nodes to the network, access to nodes becomes commoditized. Application developers no longer need to shop to a select few centralized node providers. This results in lower prices for application developers. Resistance to censorship. Pocket is a protocol, an algorithm, not a company, and it does not have the discretion to censor certain users. It remains neutral. Privacy. Since centralized services receive all requests made by their client applications, they can easily aggregate these requests to track activity on those applications. Developers have to trust that they won't. On the contrary, Pocket's privacy cannot be trusted. Application requests are often routed to a different set of nodes, which means that no node runner can build a profile of application activity. Privacy is built in.

Pokt tokens will initially be issued at 650 million, with no cap on the total number.

When joining the Pocket network, node runners are paid for the requests they make to application developers.

Compared with the centralized service model adopted by mainstream data service providers such as Infura and Alchemy, the core part of the data service of Pocket Network is provided by the all-node operators in the Network. In the long run, the distributed node cluster has better robustness than the centralized node operators such as Infura, avoiding the possibility of single point of failure, but it is cheaper and laborless than the developer running the whole node of the public chain by himself.

In the current market, the centralized nodal service providers still occupy the absolute leading position. Their long board in brand, scale, industrial resources, capital reserve and team size gives them a strong advantage over the Pocket Network which is still in the early stage. Larger projects may also prefer to use "mature" and "well-known" services. In addition, centralized node service providers can further stabilize their relationship with applications by horizontally expanding their service categories and providing customized services, so as to increase the conversion cost of applications in data-based services. If Pocket Network cannot rapidly expand the market and make its business enter the self-cycle of growth flywheel as soon as possible, the gap between Pocket Network and existing leaders will be further and further, and it may lose in the competition with centralized service providers. On the other hand, there may be more projects in the future referring to the paradigm of Pocket Network decentralization + relay Network and starting bilateral subsidies to join the competition, which will also bring new competitive pressure to Pocket Network. For example, node service platform Ankr is also doing bilateral RPC node market.

The main risks of Pocket Network include failure of competition, excessive concentration of nodes and excessive inflation.

Pocket Network is in a high-speed growth track with strong certainty. As an infrastructure-level application of Web3, it will benefit from the evolution of Web3 wave in the long run. Its core competitiveness mainly comes from the more advanced product paradigm and provides services through protocols rather than centralized services.