Close Menu
    Facebook X (Twitter) Instagram
    Thursday, July 3
    X (Twitter) Instagram LinkedIn YouTube
    Chain Tech Daily
    Banner
    • Altcoins
    • Bitcoin
    • Crypto
    • Coinbase
    • Litecoin
    • Ethereum
    • Blockchain
    • Lithosphere News Releases
    Chain Tech Daily
    You are at:Home » Solana-based Pipe Network launches rewards for its decentralized internet
    Crypto

    Solana-based Pipe Network launches rewards for its decentralized internet

    James WilsonBy James WilsonMay 1, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Solana-based Pipe Network is rewarding users who offer bandwidth for testing its decentralized content delivery system.

    On May 1, at the Token2049 conference in Dubai, Pipe Network announced incentives for node operators who contribute computing power. This infrastructure will be used to power its decentralized content delivery network built on Solana.

    Dubbed PipeQuest, the rewards program will support engagement with the Pipe Network testnet. It will incentivize node operators, community participation, and network demand ahead of its mainnet launch, scheduled for summer 2025.

    Pipe Network wants to build the internet on Solana

    The ultimate goal of the initiative is to build a scalable ecosystem where users can share data, stream content, and do everything they currently do online, but using decentralized infrastructure, without relying on the expensive data centers run by big tech firms.

    One of the main advantages of the Pipe Network is that it enables almost any device to be turned into a Point of Presence node. This means that owners of personal computers, laptops, or even mobile devices can use idle computing power to earn rewards and power the network.

    Additionally, the proximity of these smaller nodes to end users can reduce latency. In theory, this means faster ping times and quicker content loading for users. David Rhodus, founder of Permissionless Labs, the company behind Pipe Network, explained its benefits during the Token2049 event:

    “We’re excited to make our testnet available to the wider Solana community to demonstrate how a decentralized CDN can increase bandwidth and reduce latency beyond what has been possible with off-chain solutions,” David Rhodus, Permissionless Labs.

    So far, the network boasts over 200,000 PoP nodes, or individual devices onboarded. These devices were used to upload more than 200,000 files and store a cumulative 250 Terabytes of data.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous Articleis a reversal to $0.97 in play?
    Next Article Sam Altman-backed World App launches human-focused DeFi with Morpho
    James Wilson

    Related Posts

    Move over Dogecoin — 7 picks under $0.50 to watch

    July 3, 2025

    No crypto wins in Trump’s ‘big beautiful bill,’ but market eyes liquidity boost

    July 3, 2025

    Under‑$0.002 gem could 500x before Cardano reclaims $3

    July 3, 2025
    Leave A Reply Cancel Reply

    Don't Miss

    Move over Dogecoin — 7 picks under $0.50 to watch

    No crypto wins in Trump’s ‘big beautiful bill,’ but market eyes liquidity boost

    Under‑$0.002 gem could 500x before Cardano reclaims $3

    Telegram’s blockchain developer joins unicorn ranks at $1b valuation

    About
    About

    ChainTechDaily.com is your daily destination for the latest news and developments in the cryptocurrency space. Stay updated with expert insights and analysis tailored for crypto enthusiasts and investors alike.

    X (Twitter) Instagram YouTube LinkedIn
    Popular Posts

    Move over Dogecoin — 7 picks under $0.50 to watch

    July 3, 2025

    No crypto wins in Trump’s ‘big beautiful bill,’ but market eyes liquidity boost

    July 3, 2025

    Under‑$0.002 gem could 500x before Cardano reclaims $3

    July 3, 2025
    Lithosphere News Releases

    Imagen AI (IMAGE) Developer to Enable Ripple Labs Stablecoin RLUSD for Service Payments

    July 3, 2025

    Imagen Network Begins Strategic Expansion with Bitcoin-Funded AI Infrastructure Rollout

    July 2, 2025

    AGII Enhances Real-Time Protocol Safety With Predictive Automation Models

    July 2, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.