Connext x The Graph Collaboration
Connext x The Graph announce collaboration to build Scalar, scalable microtransaction technology uses state channels to aggregate & compress transactions before being finalized on-chain.
Scalar emphasizes performance at every layer – from data flow architecture to CPU and memory optimizations. Scalar is now ready for the Web3 ecosystem and will be open sourced for the betterment of Web3 and Ethereum communities so any application can use Scalar for processing transactions efficiently.
Eva Beylin, Director at The Graph Foundation said,
“In order for Web3 infrastructure to function efficiently, transactions must be as frictionless as possible. Indexers are the backbone of Web3 and Scalar will enable efficient and cheap query fee transactions, ensuring they can grow their operations and serve The Graph Network. Scalar solves this problem for The Graph and will allow other builders to bring efficient transaction to their users.”
What is The Graph?
The Graph is the indexing and query layer of the decentralized web. Developers build and publish open APIs, called subgraphs, that applications can query using GraphQL. The Graph currently supports indexing data from Ethereum, IPFS, and PoA with more networks coming soon. To date, over 10,000 subgraphs have been deployed by ~18,000 developers for applications, such as Uniswap, Synthetix, Aragon, Gnosis, Balancer, Livepeer, DAOstack, AAVE, Decentraland, and many others.
What is Connext?
Connext is a network of state channels enabling fast transfers on Ethereum and between EVM chains. While Connext’s core focus is now on cross-chain interoperability for the Ethereum L2 ecosystem, they’re working closely with the Edge & Node team to bring ultra-scalable microtransactions to the Decentralized Web.
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