The decentralized finance-focused blockchain firm Algorand has announced it is supporting a platform geared toward dApp developers.
According to Algorand, its collaboration with Pocket Network will make creating decentralized applications up to 10 times less expensive than it is now—all while delivering heightened levels of scalability and security.
The infrastructure means developers no longer need to hire their own node operators or IT teams to get their project off the ground—significantly reducing the time and expense associated with bringing products to life. This approach also eliminates the risk of there being a single point of failure for a DApp—crucial in an age where tech companies live and die by how reliable they are.
In a news release shared with Modern Consensus, Algorand said that it believes its support for Pocket’s protocol will lower the barriers to entry for developing blockchain-based apps, all while making them more resilient. Pocket’s main goal is challenging centralized architecture providers who often end up serving as middlemen for DApps, meaning they’re susceptible to censorship and a higher reliance on cloud monopolies.
Algorand CEO Steve Kokinos said: “We’re excited to see the types of decentralized applications (DApps) that will be unleashed when developers tap into the powerful infrastructure that the Pocket network provides. The economic and technical advantages will give app developers a jump on the competition and enable the next wave of innovation.”
Pocket says its network doesn’t rely on a single source for securing applications. Instead, a decentralized relay network of full-node operators is used to make DApps “unstoppable.” This means DApp requests are distributed randomly across a set of nodes—and if one goes down for any reason, the request is automatically routed to another random node in the network. The project says this approach results in “unparalleled uptime, redundancy, and resilience to applications.”
As an introductory video for the Pocket Network argues: “If a DApp is running solely on single-source cloud providers, is it really a DApp? Is it really censorship resistant?
“If a blockchain is dependent on large cloud operations, is it really decentralized?”
In a nice, simple quote on Pocket’s website, CEO Michael O’Rourke predicted: “One day, there will be thousands of open protocols governing our lives and we’ll have servers in our homes accessing Web 3.0 like WiFi routers. Pocket will be a critical piece of this future by providing the foundation to empower developers to connect their applications to the next generation of the web.
“Back in April, the Algorand Foundation announced a new grants program worth $50 million that was designed “to provide funding to projects building apps to support infrastructure, end-user application, and research innovation on its blockchain.”