Canto and Subsquid Partnership

Published on: 16.05.2024
Canto and Subsquid Partnership

Canto is thrilled to announce its groundbreaking partnership with Subsquid, a collaboration poised to revolutionize blockchain data accessibility and integration.

Following a record-breaking Season 2 of the Canto Online Hackathon, Canto is enhancing its developer experience with a new partnership with Subsquid. This collaboration will improve data access, enable real-time analytics, and support scalable project development, solidifying Canto’s position as the premier execution layer for original work.

 

More on Subsquid

Subsquid employs an innovative approach to blockchain data indexing and delivery. Subsquid stores onchain data in raw format in their data lake, making it easily accessible and offering maximum flexibility for developers to extract only what they need and in whichever structure they prefer, bypassing the traditionally slow RPC node interfaces. Its indexing methodology not only boosts performance and cuts costs, but also cultivates a dynamic open-source community. Subsquid’s unique indexing approach, combined with its broad adoption across blockchain networks and a quick-response program, establishes it as an essential tool for developers in the Canto ecosystem.

 

Canto Ecosystem Benefits

As Canto continues to scale, its core objective remains clear: solidify its position as the best execution layer for original work. As Canto shifts to accommodate more projects with increasing complexity, proper developer resources are a necessity. There are 3 main ways this Canto <> Subsquid partnership will enhance the dev and user experience on Canto:

  • Scaling Infrastructure

Canto’s core ethos has always been dedicated to providing the best possible user and developer experience. This is best exemplified through core tenants like Free Public InfrastructureContract Secured Revenue, and other core tenants that are all carefully designed pro user / developer mechanisms. During Canto’s most recent hackathon, there was a notable increase in both participation and the quality of submissions. Many of these projects demanded a robust indexing solution. In response, our core contributors swiftly implemented what we believe to be the optimal solution available—a solution that ensures future developers can build without facing scalability issues.

 

  • Real-Time Data Accessibility, Efficiency and Processing

Subsquid thrives in its unique approach to blockchain data indexing. Subsquid’s decentralized data lake provides access to multichain blockchain data replacing the need for slower RPC nodes to extract historical onchain data. This both enhances developer productivity by reducing complexity AND significantly cuts operational costs by minimizing reliance on expensive infra (RPC nodes). Additionally, Subsquid’s capability for real-time data processing ensures that applications are always equipped with the latest data, which is crucial for timely decision-making and maintaining competitiveness in fast-paced markets. This combination of accessibility, cost-efficiency, and timeliness makes Subsquid an invaluable partner in fostering scalable and innovative solutions within the blockchain ecosystem.

 

  • Network Effects

Developer centric integrations naturally grow Canto’s developer base, but it also enriches the on-chain experience for users, community members, and the entire ecosystem. By making more infrastructure accessible to builders, Canto incentivizes further development, which improves user experience and creates a virtuous cycle of growth for both developers and users. This flywheel effect continually enhances the vibrancy and utility of the Canto ecosystem, amplifying Canto’s journey toward widespread adoption and innovation.

Our Vision Moving Forward:

Partnership between Canto and Subsquid provides a new era of scalability for developers on Canto. Canto’s commitment to providing a top-tier developer experience is unwavering, and Subsquid’s revolutionary data indexing and delivery solutions perfectly compliment this point of view. Leadership at Subsquid and Canto core contributors will work closely to expand on initial deployment with any relevant Subsquid features, and bounties for future hackathons. An enriched developer toolkit will incentivize more developers, more users, and better applications for the Canto ecosystem.

 

About Subsquid

Subsquid Network is a decentralized query engine and a horizontally-scalable data lake for batch queries. Currently, it is serves raw historical on-chain data from EVM– and non-EVM networks using a custom REST-like API. In the future, it will additionally support general-purpose SQL queries and an ever-growing collection of structured data sets derived from on- and off- chain data.

Website | Twitter

 

About Canto

Canto is a permissionless general-purpose blockchain running the Ethereum Virtual Machine (EVM). It delivers on the promise of DeFi by making new financial systems accessible, transparent, decentralized, and free through a post-traditional financial movement.

Website | Twitter

 

SOURCE: CANTO BLOG

 

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