KYVE Network KYVE Price $ 0.0291

KYVE is a decentralized archival network that reconstitutes data streams as permanent resources. Any generated data stream — for example, a sequence of blocks from a blockchain — is standardized, proven valid, and stored permanently. By leveraging Arweave, KYVE secures the scalability, immutability, and availability of these resources over time.

The KYVE Protocol

KYVE’s architecture is fully decentralized and features two main components. The first is an autonomous governance system that handles “breaches of contract”. Governance functionality is enabled by way of staking and slashing $KYVE, ensuring participants behave in harmony with the network’s objectives. The second is a computational layer that allows for participants to run customizable nodes. In exchange for $KYVE, nodes run various tasks. Inheriting from core KYVE logic, these nodes validate, standardize, and archive data streams.

KYVE Token

To the community, KYVE the $KYVE token. This token decentralized governance enables within the protocol. Distributed to successful network participants, $KYVE serves as a reward for objectives met.