Powerloom's decentralized network has achieved significant milestones with over one billion data points recorded through its 5,300 Snapshotter nodes, demonstrating its capability in facilitating accessibility to blockchain data.
The system employs a consensus mechanism for data verification, ensuring that snapshots stored on IPFS with Content Identifiers maintain the necessary synchronization and accuracy with blockchain states.
The platform aims to alleviate the challenges posed by traditional blockchain data processing methods, creating pre-processed 'composed Snapshots' to enhance accessibility for resource-limited Web3 projects.
With the upcoming mainnet launch planned for January 2025 and the GPM Tournament set to distribute 500,000 $POWER tokens, Powerloom is positioning itself as a significant player in the blockchain space.
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