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Powerloom Data Blockchain Goes Live in Mainnet
U.Today reports that Powerloom’s mainnet has gone live, marking a significant milestone for the blockchain network focused on decentralized data and marketplaces. This achievement comes with a crucial step towards increasing decentralization and providing more opportunities for developers to build new projects.
Powerloom’s vision involves creating an ecosystem where developers can freely submit datasets, which will then be incentivized by the blockchain network. The Uniswap V2 protocol has been integrated into this mainnet, enabling users to interact with decentralized data marketplaces. As per their statement, Powerloom aims at becoming a decentralized data exchange.
The Powerloom team mentioned that it would take some time for the entire ecosystem to mature. They assured us that they are on track to deliver new features and functionalities that will enable dynamic data markets in the near future. This will allow users to create datasets tailored to their specific needs, as well as the possibility of introducing new decentralized lending protocols.
Powerloom’s mainnet going live means it can now start incentivizing node operators for maintaining the network, ensuring its decentralization and security. Node operators will be able to earn rewards by validating transactions on the blockchain and creating a robust infrastructure for Powerloom.
Source: u.today
