Lava Network
LAVA
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Lava Network Intro
Lava Network is a modular data network designed to provide decentralized and scalable access to blockchain data through a network of providers and consumers. Built using the Cosmos SDK, it facilitates Remote Procedure Calls (RPC) and API access for blockchain infrastructure, enabling seamless integration of blockchains, oracles, and indexers. This setup offers developers simple and reliable access to various blockchain data services.
The network operates as a permissionless marketplace, allowing anyone to add their blockchain or data service without gatekeeping. By aggregating RPC and data providers, Lava ensures high availability and reliability, automatically load balancing to maintain 99.999% uptime for both established and emerging chains. This approach abstracts the complexities of multi-chain development, providing developers with unified endpoints for supported chains.
In February 2024, Lava Network secured $15 million in seed funding, led by HashKey Capital, Jump Capital, and Tribe Capital, with participation from other notable investors. This funding supports Lava's mission to decentralize access to blockchain data, enhancing scalability, privacy, and censorship resistance. The protocol's roadmap includes further development of governance, conflict resolution, privacy, and quality of service, as well as support for additional API specifications, aiming to serve as a public good that enables decentralized access to the Web3 ecosystem.
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Lava Network is a modular data network designed to provide decentralized and scalable access to blockchain data through a network of providers and consumers. Built using the Cosmos SDK, it facilitates Remote Procedure Calls (RPC) and API access for blockchain infrastructure, enabling seamless integration of blockchains, oracles, and indexers. This setup offers developers simple and reliable access to various blockchain data services.
The network operates as a permissionless marketplace, allowing anyone to add their blockchain or data service without gatekeeping. By aggregating RPC and data providers, Lava ensures high availability and reliability, automatically load balancing to maintain 99.999% uptime for both established and emerging chains. This approach abstracts the complexities of multi-chain development, providing developers with unified endpoints for supported chains.
In February 2024, Lava Network secured $15 million in seed funding, led by HashKey Capital, Jump Capital, and Tribe Capital, with participation from other notable investors. This funding supports Lava's mission to decentralize access to blockchain data, enhancing scalability, privacy, and censorship resistance. The protocol's roadmap includes further development of governance, conflict resolution, privacy, and quality of service, as well as support for additional API specifications, aiming to serve as a public good that enables decentralized access to the Web3 ecosystem.