Key Takeaways
- Lava Network is a modular data network designed to provide scalable access to any blockchain.
- Anyone can participate in the Lava Network by adding, serving, and scaling any API on any chain.
- Their $MAGMA points are part of an airdrop campaign to incentivize users to participate in their network.
What Is Lava Network?
Lava Network is a decentralized platform that aims to create an open, multi-chain standard for blockchain Remote Procedure Calls (RPC). In simpler terms, it’s a network that connects various blockchain applications (dapps) to reliable sources of information (RPC providers) on different blockchains.
Traditionally, interacting with a blockchain requires a node, which can be slow and expensive. Lava eliminates this need by providing a decentralized network of RPC providers that developers can subscribe to for access to any blockchain. Providers are rewarded for their quality of service, meaning developers and users get the fastest speeds, the most accurate data, and the most reliable connections.
RPC Endpoint
Whenever you try to send transactions in your wallet, the RPC endpoint allows you to connect to and retrieve data from a blockchain. A crypto wallet like MetaMask generally has a default RPC endpoint hooked up to that wallet.
However, you can connect your RPC endpoint to the Lava Network, and then you will automatically start earning points for their airdrop by doing the same things you already do with your crypto wallet.
Can Lava Network Access Your Wallet?
No, they are just a data service provider that helps you send transactions to nodes. They do not have access to your private key or funds. Even if the Lava Network went entirely down, it would not matter because you could go back into your wallet and change to the default RPC endpoint.
How To Join?
The protocol has raised $15 million from some big names in the crypto space, including Jump Capital, and this is a solid airdrop opportunity that requires little effort on your part.
The Lava Network has an active points program. To join:
👉 STEP 1: Head over to https://points.lavanet.xyz/register.
👉 STEP 2: Type in the referral code “MAGMA” and click the “Proceed” button.
👉 STEP 3: Complete social tasks.
Do the following tasks to earn points such as:
- Connecting a Web3 wallet.
- Join their official Discord channel.
- Follow Lava Network on X.
👉 STEP 4: Change the RPC endpoint in your connected wallet.
👉 STEP 5: Continue interacting with your wallet as usual, and you will automatically earn $MAGMA points.
👉 STEP 6: Get an invitation code and refer more users.
Final Thoughts
Overall, Lava Network is a promising new platform that has the potential to make it easier and more efficient to develop and use blockchain applications. At some point, the platform might add additional networks like Layer-2s, and then you can swap out the RPC endpoints for those and maximize your $MAGMA points.
