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Lava Network: Institutional Report

3 min readResearch

Lava Network: Institutional Report

Lava Network: Abbreviated Introduction

Reliance on centralized node providers brings a certain set of risks, such as blocking access or offline interruptions. Venezuelan users experienced this risk when a major Remote Procedure Call (RPC) provider accidentally censored their Internet Protocol addresses, breaking up their ability to use their wallets and essentially blocking access to Web3. 

Lava Network attempts to solve issues associated with centralized infrastructure by coordinating a decentralized, globally distributed network of nodes while ensuring data accuracy and network redundancy utilizing cryptoeconomic incentives and consensus mechanisms.  

Lava Network is built with an open-source development kit that was also used to build Binance Smart Chain and Cosmos Hub. The project uses Lazy Blockchain, which favors larger block sizes and has the ability to backfill transactions. 

The native token, LAVA, provides three use cases.  

Lava Protocol Inc., the copyright holder, is incorporated in Delaware. A fully DAO-governed model will be launched once every key component of the protocol has been built and undergone thorough testing. 

The team has a strong technical background, and multiple investors are backing the project. 

Currently, the project runs an invite-only private Testnet and gradually onboard new users. The public testnet is supposed to be launched in Q4 2022, while the mainnet is supposed to launch in the first half of 2023. 

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Disclaimer

This Report is for informational purposes only and/or all or any of its content thereof, should not, may not, and will not be taken to constitute, either as a whole or in part, any investment advice or recommendation or similar, regulated, or authorized advice, and D-Core by producing, disseminating, giving away, or making available this Report does not, should not, may not and will not be taken to advise on investments, or carry out any similar activity, or any regulated activity or any other authorized activity. D-Core is not authorized by the Financial Conduct Authority or by any other competent EU or elsewhere or otherwise competent authority to carry out any regulated activities and/or any activities within the scope of these authorities’ competence.

D-Core excludes and disclaims all liability and/or responsibility whatsoever and/or howsoever caused, arising out of any actions, or omissions taken, or made by any authorized and/or other recipient of this Report in reliance on, or arising out of, or in connection with any or all content of this Report. Any authorized and/or other recipient of this Report acknowledges, accepts and agrees that they carry out their own independent research and act in their own sole risk in reading or using any or all information contained in this Report. In any event, recipients of this Report are urged to seek professional advice before making any potential investment decision in relation to the project described herein. Any authorized and/or other recipient of this Report accepts this Disclaimer in full. For the avoidance of doubt, this Disclaimer is binding against any recipient of this Report whatsoever.

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