sCrypt Hackathon 2024: How JungleBus creates value from data chaos

“JungleBus is designed to bridge the gap between infrastructure-only people and your service providers,” says GorillaPool’s Kurt Wuckert Jr. in the next session of the sCrypt Hackathon 2024 kickoff event. This talk is all about data, its value, and how to manage it. The scalable, enterprise-grade blockchain is “an unsorted, monolothic, chaotic mess of data” without something that indexes it all and more.

The full morning session of Day 2 is available at this link, and you can catch the entire two-day series of sCrypt Hackathon 2024 presentations on the CoinGeek YouTube channel. Most of the presentations present the blockchain’s basic features, then go into more technical detail about how sCrypt’s TypeScript-based environment makes it easier for developers to turn their visions into working products.

Wuckert describes Bitcoin as “the most misunderstood communication technology in a generation” and says there are probably fewer than 500 people on Earth who truly understand how it works—or how it could work. Data is both the rarest and the most abundant commodity, the most valuable and also undervalued commodity, in the new “internet of value.” Bitcoin and micropayments are “the marriage of data and money” that allows us to attach a monetary value to every bit and byte of data on Earth.

Let’s talk about Big Data

There are over a trillion megabytes of new data created around the world every day. As we’ve seen in previous presentations, Bitcoin will soon be able to process millions of transactions per second. But the BSV network as it exists today is still chaotic, Wuckert says. How do you take that mess of data and make it useful to everyone?

GorillaPool mines Bitcoin blocks but doesn’t see itself as just a transaction processor. “Mining is easy. It’s an industrial process,” he says. Looking to the future, GorillaPool’s real business is in the data space—its competitors are giants like Google (NASDAQ: GOOGL), AWS, Microsoft Azure (NASDAQ: MSFT), AT&T, Comcast (NASDAQ: CMCSA), Verizon (NASDAQ: VZ)… and the world’s entire money-transmitter infrastructure.

JungleBus is an indexing engine for on-chain data. It “filters raw data from the blockchain and serves if back out in a useful format” for applications and services such as Overlay Networks.

It’s also “not just an indexer,” Wuckert explains. “It listens to the network like any other node would. It’s sorting things into pre-conceived buckets as it comes off the network.” It could even be called “an Overlay Network engine … doing the heavy lifting on what’s what.”

You don’t need a copy of everyone’s data. Maybe you only want tokens, jpegs, or transactions with sCrypt contracts, or only your own client’s data, etc. “You can run your own super-lightweight index based on its connection to JungleBus.”

If ARC is the best way to get data onto the blockchain, then JungleBus is the best way to get data out of the blockchain, Wuckert adds. It saves you from “having to have an infrastructural conversation about your own business”—you don’t have to manage your own ISP to connect to the internet, and you shouldn’t have to set up your own node infrastructure to interact with the blockchain.

Developers or business owners looking to find out more about JungleBus can visit
GorillaPool’s website or join the discussion on Discord here.

If you’re a developer and the presentations from sCrypt’s event sound interesting, check out the other sCrypt Hackathon sessions or look at sCrypt’s work. Even if you miss out on participating in the sCrypt Hackathon 2024, sCrypt’s website is open at any time as a resource for people to find out more.

Watch: Tokens on Bitcoin? One Sat Ordinals and sCrypt