Like retail, middlemen SaaS companies are being replaced! With blockchain technology gaining popularity, middleware blockchain protocols are taking over.
Cryptocurrencies and the wider blockchain ecosystem are helping change the status quo of how we conduct our day-to-day lives. With these emerging technologies, Web3 is being ushered in as a permissionless and open innovation using middleware blockchain protocols. By doing so, they’re replacing middlemen software-as-a-service companies by capturing value at a greater level.
But, how does this work? On a middleware protocol, developers can stake the native token once for the equivalent network bandwidth for the lifetime of that stake. The longer applications are staked and using the network, the closer the cost approaches zero. After several months, the service is basically free, and with staking-based tokenomics, there are no monthly costs such as with SaaS fees.
This is noted by the fact that the Graph’s subgraph indexers need to ping a base-layer Ethereum archive node, which can be costly to run and maintain. To save money, indexers can leverage a middleware protocol’s RPC endpoints, giving users maximum uptime and no single points of failure. With Livepeer’s orchestrators, they need to ping a base-layer Ethereum full node, which also brings monthly costs to run and maintain.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Terra (LUNA) Plunges While Crypto Market Remains in LimboConcerns surrounding the sustainability of the Anchor protocol are exerting selling pressure on Terra (LUNA)
Lire la suite »
Fireblocks Valued at $8 Billion Following a $550 Million FundraiserFireblocks plans to employ the capital into innovations in the NFT and DeFi universe.
Lire la suite »
Mina Protocol: A Technical OverviewIntroduction Mina was founded in 2017 by founders Evan Shapiro and Izaak Meckler. The most unique feature about the Mina protocol is that it boasts a
Lire la suite »
Mapping out NEAR Protocol's EcosystemNEAR Protocol is an open-source platform for decentralized applications, similar to many use-cases offered by Ethereum today. Founded in 2018 by Alexander
Lire la suite »
Waymo sues to keep autonomous vehicle emergency protocols secret | EngadgetWaymo sues to keep autonomous vehicle emergency protocols secret
Lire la suite »
Binance Smart Chain Protocol Qubit Finance Hacked for $80M
Lire la suite »