Covalent Launches Testnet of EWM Light Client to Protect Historical Ether Data...

Covalent Launches EWM Light Client Testnet to Safeguard Ethereum's Historical Data Covalent is excited to announce the launch of the Testnet for the Ethereum Wayback Machine (EWM) Light Client - a crucial initiative to protect the decentralized and Trustless nature of Ethereum as the network continues to scale. The Light Client allows participants to help secure Ethereum's historical data, ensuring long-term availability without relying on centralized entities. As Ethereum evolves, the need to prune historical data has become necessary to enable scalability. However, this creates a risk of centralization, with only a few entities controlling access to the network's past. To address this, Covalent's EWM Light Client provides a decentralized solution, allowing anyone to verify and validate Ethereum's historical data, all from the comfort of their personal laptop. The Testnet is now live, offering exclusive rewards for participants who help authenticate and preserve Ethereum's history. Participants will also be guaranteed access to the upcoming Mainnet phase, where rewards are expected to reach 20-25% APY. This is a unique opportunity for blockchain enthusiasts to "protect" Ethereum's history, keeping transaction records accessible and transparent for future generations. Covalent has reached out to the initial set of participants. If you have signed up for the waitlist, please check your email for instructions on the next steps. For more details on the EWM Light Client, please visit here.