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MultiversX one of crypto's most decentralised blockchains?! According to Chainspect data, Multiversᕽ $EGLD now boasts some 3,267 distinct validators "making it one of the largest validator networks in Web3". For context, @cardano $ADA follows behind with 2,157 validators.

34,344 views • 2 months ago •via X (Twitter)

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𝐖𝐓𝐅 𝐢𝐬 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐈𝐧𝐝𝐞𝐱𝐢𝐧𝐠?! 🤔 An indexer's job is to process and organize the raw data created on-chain, into a format that's easily accessible and understandable, and then create structured databases that can be queried efficiently by developers so dApps and services can be built and maintained. 🗄️ For example, just think about your favourite web3 marketplace, exchange, game, analytics dashboard etc….the data on those sites is provided by indexers.👌 HOWEVER, on Bitcoin, 99.9% of indexers are centralised, so as it stands, we all have to just trust their version(s) of ‘the truth’! 👀 ....."𝘵𝘳𝘶𝘴𝘵 𝘶𝘴 𝘣𝘳𝘰, 𝘸𝘦 𝘸𝘰𝘯'𝘵 𝘤𝘩𝘢𝘯𝘨𝘦 𝘰𝘳 𝘮𝘢𝘯𝘪𝘱𝘶𝘭𝘢𝘵𝘦 𝘵𝘩𝘦 𝘥𝘢𝘵𝘢, 𝘸𝘦 𝘱𝘳𝘰𝘮𝘪𝘴𝘦!" 😬 At this point, you should pause for a second and ask yourself this one question: 🔽 What was the point of Satoshi creating such a perfectly decentralised data creator like Bitcoin, if we then have to trust one company’s interpretation of that data?! 🙈 This is why 𝐓𝐫𝐚𝐜 𝐂𝐨𝐫𝐞 from @trac_btc is SO vital! 🙏 It is #Bitcoin’s fully decentralised indexer, and it will make on-chain data reliably accessible through its thousands of distributed validator nodes, that MUST first reach consensus, similarly to Bitcoin when it creates the raw data. 🤝 Importantly, those who run validator nodes on their device, and help to support the decentralisation of the Trac network, will be rewarded with token APY! 🪙 Just like for those who run Bitcoin nodes, if you contribute to the decentralisation of the Trac network, you should be rewarded! 🙌 Decentralised indexers are one of the most fundamentally important pieces of infrastructure within a blockchain ecosystem, and they play a crucial role in fostering a scalable and secure ecosystem for blockchain-based economies to thrive and grow! 📈 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫: If you'd like to own/run your own Trac Validator Node, we are currently running regular rounds, with 300 Validator Licences purchasable per round, and with increasing price points. 📈 Follow @trac_btc to stay up to date with the sales rounds in the coming weeks and months 🔔

Trac Network

56,691 views • 2 years ago