Pocket Partners with OEC Network
Pocket Netowork 2022 fulfilling its mission for a multi-chain future in crypto by integrating a new chain, OEC (formerly OKExChain). Pocket is decentralizing OEC’s node infrastructure and propelling the growth of this new EVM-compatible chain under Cosmos, offering multiple use-cases in decentralized finance.
OEC Network is a new blockchain powered by OKx, a leading crypto exchange, set to revolutionize the way users can trade assets in a decentralized, permissionless, fast, and cheap way.
OEC has multiple applications within decentralized finance, especially concerning the ability to trade assets between chains (e.g., cross-chain bridges, decentralized exchanges, lending protocols), increasing and facilitating crypto adoption. Some of the DeFi protocols with the highest Total Value Locked (TVL) using OEC include Anyswap, Jswap Finance, CherrySwap, and more across sectors.
The multi-chain future of crypto has been the reference point for Pocket, and they’re happy to be partners with a new solution, empowering people to experience crypto seamlessly. With OEC, users can now have a full experience in a decentralized environment, leveraged by using Pocket’s decentralized node infrastructure.
How can Pocket help new blockchain ecosystems?
Pocket is decentralizing OEC’s full-node infrastructure to offer more security and uptime at a fraction of the costs of current legacy solutions. To empower the future of cross-chain trading, networks like OEC benefit from adopting an external, cost-effective, and globally distributed solution as Pocket.
Until Pocket, EVM protocols like OEC relied upon centralized network providers to fill the gap between applications and blockchain data. Even though centralized solutions solve part of the issue of communication between non-blockchain and blockchain networks, they come with side effects that offset the advantages of decentralized applications. With legacy solutions, the risks of rising centralized monopolies, more security breaches, and higher costs increase, while a solution like Pocket is natively designed for the decentralized world.
With Pocket, developers can easily mint blockchain network RPC endpoints to connect to data from applications through its POKT Portal. Developers only need to stake (if connecting directly via the protocol) Pocket’s native token – $POKT – once to have a guaranteed amount of service relays per session, reducing costs by cutting out recurring payments. The near-zero tokenomics make it so using Pocket becomes much more cost-effective in the medium to long term than any other alternatives, especially since there are no monthly subscription payments.
This cost management is highly important for developers of blockchain applications relying on cross-chain ability, while contributing to its increased adoption. Meanwhile, node operators are incentivized with $POKT to provide reliable, decentralized RPC service at a global scale.
Developers can now access OEC through the Pocket Portal. To start working with OEC in Pocket’s decentralized fashion, developers can deploy new RPC endpoints in its API portal and work towards the future of crypto’s interoperability. As part of free tier offer, developers will be able to mint up to two blockchain RPC endpoints, each with up to 1M requests per day.
ABOUT Pocket Network
Pocket Network is the TCP/IP of Web3 node infrastructure – a multi-chain relay protocol that incentivizes RPC nodes to provide DApps and their users with unstoppable Web3 access.
ABOUT OEC Network
OEC is a public permissionless blockchain that no one fully controls. Anyone can create projects and use applications from anywhere in the world.
RESOURCES
Pocket Partnership Release
