Algorand Provides Native Support of the Pocket Network's Next-Generation Decentralized Infrastructure - Seite 2

Soon Web3 developers will be able to connect to Pocket's existing decentralized relay network of node operators and infrastructure providers via an API by integrating the AlgoSDK. Application developers no longer need to hire their own node runners or IT team to run their infrastructure, thus saving significant time and costs, while eliminating single points of failure.

Beyond the existing offering, Pocket will begin development of a token bridge between Algorand and Pocket. This bridge will work through a system of minting and burning, that is completely decentralized thanks to Pocket's architecture. The Algorand<>Pocket Token Bridge will provide extra accessibility to the POKT token, allowing Algorand developers to use their newly created ASA-POKT tokens in their applications. People will also be able to trade ASA-POKT on Algorand supported exchanges and send it on Algorand supported wallets.

About Algorand Inc.

Algorand Inc. built the world's first open source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. This blockchain, the Algorand protocol, is the brainchild of Turing Award-winning cryptographer Silvio Micali. A technology company dedicated to removing friction from financial exchange, Algorand Inc. is powering the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain and providing responsible privacy models.

For more information, visit https://www.algorand.com/

About Pocket

Pocket Network Inc. is a software startup building a universal, decentralized API protocol for blockchains. It functions as an inclusive relay network for API requests to major blockchains, with a crypto-economic model that minimizes costs for developers while passing the value directly on to the full-node operators. Pocket uses a native cryptocurrency (POKT) to create a permissionless, two-sided marketplace between node providers who run full nodes and developers that want to query data from a blockchain for an application or service.

For more information, visit pokt.network.

About Borderless Capital

Borderless Capital is a modern financial institution investing capital and building financial products that accelerate access, bootstrap adoption and creates value globally through the Algorand Borderless Economy. We do not stop with just investment. We also provide guidance and mentorship to grow our portfolio companies into successful businesses. As a thought leader in blockchain with deep expertise in the Algorand ecosystem, we advise our portfolio companies

More info: https://www.borderlesscapital.io