Legal Notice: Nothing on the website constitutes professional and/or financial advice. All the content on the website is for informational purposes only. We have prepared all information herein from sources we believe to be accurate and reliable. However, such information is presented as is,” without warranty of any kind – whether expressed or implied. You acknowledge and agree that there are numerous risks associated with purchasing cryptocurrencies.

CDS Press Release Covalent Launches the EWM Light Client Testnet to Safeguard Ethereum’s Historical Data

Press Release

Covalent Launches the EWM Light Client Testnet to Safeguard Ethereum’s Historical Data

lectertodd27/09/20241 Mins read138

Covalent Launches The Ewm Light Client Testnet To Safeguard Ethereum’s Historical Data

What is the EWM Light Client Testnet?

Covalent is excited to announce the launch of its Ethereum Wayback Machine (EWM) Light Client Testnet, a key initiative designed to protect Ethereum’s decentralized and trustless nature as it continues to scale. The light client allows participants to help secure Ethereum’s historical data, ensuring long-term availability without relying on centralized entities.

Table of Contents

As Ethereum evolves, shedding historical data has become necessary for scalability. However, this creates a risk of centralization, where only a few entities control access to the network’s past. Covalent’s EWM Light Client offers a decentralized solution, allowing anyone to validate and verify Ethereum’s historical data, all from their laptop.

The testnet is now live, offering exclusive rewards to those who participate and help validate and preserve Ethereum’s history. Participants will also have guaranteed access to the upcoming mainnet phase, where rewards of 20-25% APY are expected. This is a unique opportunity for blockchain enthusiasts to ensure Ethereum’s history remains accessible and transparent for future generations.

Covalent has already contacted the first batch of participants. Those who signed up for the waitlist are encouraged to check their inbox for further instructions. Additional emails will be sent in the upcoming days.

For more information regarding the EWM Light Client, visit here.

About Covalent

Covalent is the leading modular data infrastructure layer dedicated to solving major challenges in blockchain and AI, including verifiability, decentralized AI inference, and Long-Term Data Availability. Its large reservoir of structured, verifiable data enhances decentralized training and inference, reducing the risk of manipulated or biased AI models. Additionally, the Ethereum Wayback Machine ensures secure, decentralized access to Ethereum’s transaction data. Trusted by over 3,000 leading organizations, Covalent powers AI, DeFi, GameFi, and more with unfettered access to on-chain data from over 200 blockchains.

Learn about the EWM: Technical | Non-Technical

For more information, check out Covalent’s: Official Website | Twitter/X | Linktree

Previous post Bitcoin Set for Gains After $65,200 Break, But Analysts Warn of Economic Downturn

Next post AVAX Breaks Key Resistance Amid Avalanche Ecosystem Upgrades: Is $40 Next?

Written by

lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

You must be logged in to post a comment.