Polkadot, NEAR, Solana, and Celo are now supported by the Graph.

New layer 1 blockchains are being added to the worldwide network of accessible APIs. The Graph has announced that it would support Polkadot, NEAR, Solana, and Celo after its mainnet launch on Ethereum in mid-December 2020.

The Graph, as previously reported, is a technology that allows programmers to create Application Programming Interfaces (APIs) that can query and index blockchain data. It's designed to be an open alternative to current blockchain analytics tools, with the goal of facilitating cooperation and interoperability throughout the decentralized web.

The Graph Foundation's director, Eva Beylin, has emphasized the need of making Web 3.0 as developer-friendly as Web 2.0. As the foundation points out, utilizing a subgraph does not need expert knowledge of the many blockchains' multiple distinct and disparate characteristics, such as their underlying smart contract language.

The Graph already supports Ethereum, IPFS, and POA blockchains, as well as the InterPlanetary File System, a peer-to-peer network for data storage and sharing. Many of the current subgraphs, totaling over 7,000, are already in use by the creators of prominent Web 3.0 decentralized apps, such as Uniswap, AAVE, Decentraland, and Synthetix.

Following the integration of Polkadot, NEAR, Solana, and Celo, The Graph plans to add support for Bitcoin, Cosmos, Avalanche, Binance Smart Chain, Flow, and more cryptocurrencies. The Graph Network's native currency, Graph Token (GRT), which developers get when users query their subgraph, will continue to be an ERC-20 token, as will Ethereum.

The foundation's long-term goal is to support all layer 1 blockchains and to become a widely used indexing and query solution for the whole decentralized internet, making the vast amount of blockchain data available genuinely accessible and actionable. As Beylin put it:

"We believe in supporting many chains so that all developers may create decentralized apps quickly and Web3 adoption can be accelerated." Developers will be able to select whatever chain best fits their requirements, and it will also assist existing Ethereum developers in developing interoperable applications.”

Share:

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Hot Topic

Did the Ethereum Merge Go Wrong?

Ethereum is in a state of instability as a result of the merger. Was it all worth it? Some Ethereum supporters aren't so certain. What a...

counter, at the bottom of the page, in a table, div or under a menu.