Covalent is advancing Ethereum’s decentralization through the Ethereum Wayback Machine (EWM) Light Clients, a critical DePin-powered infrastructure designed to preserve Ethereum’s historical data. As Ethereum continues to evolve, Covalent’s EWM ensures that the network’s history remains decentralized, accessible, and resilient, protecting it from centralization risks.
The EWM Light Client is a key step in building decentralized infrastructure where participants validate and secure Ethereum’s data. As part of the RUN EWM campaign, it serves as a critical component that allows anyone to contribute to Ethereum’s mission. By running EWM Light Clients, individuals will support the Covalent Network and remove the reliance on centralized data centers, helping Ethereum maintain its decentralized integrity as it scales.
Key Updates:
- 400+ participants live on the EWM Light Client Testnet, contributing to Ethereum’s decentralized infrastructure.
- Due to high demand, testnet capacity has been increased from 250 to 500 spots, allowing more individuals to participate.
- Three version updates have been successfully rolled out, addressing bugs and improving the user experience.
- Over 2 million Data Availability Samples (DAS) have been verified, demonstrating the strength of the EWM’s decentralized infrastructure.
- 7,000+ participants are on the waitlist, showing the growing excitement around this DePin-powered initiative.
Please note, there is no selection process to participate in the EWM Light Client Testnet. The waitlist is being processed in sequential batches, and participants will be onboarded accordingly. For those who have not yet received an email, patience is appreciated as the waitlist is being worked through.
The Road Ahead
As the mainnet launch approaches, Covalent aims to scale the network to 2,500 participants, supported by a 15-20% APY rewards profile on mainnet. This expansion is crucial for building a robust decentralized infrastructure that preserves Ethereum’s historical data while enabling the network to grow securely and transparently.
Join the Movement: Be Part of Ethereum’s Future
Join the thousands already on the waitlist, and be part of the future of decentralized infrastructure with the EWM Light Client. Together, we’re proving that decentralization isn’t just a theory—it’s a reality we’re building today.
Learn more: Dive deeper into the EWM Light Client and its role in the Ethereum Wayback Machine by exploring the whitepaper.
Join the Community: Stay connected with the community and get the latest updates by joining the Telegram and Discord community.
Long Live Ethereum!
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
Source: https://thenewscrypto.com/covalent-strengthens-ethereums-decentralization-with-depin-powered-ewm-light-clients/