SubQuery now Supports Reef Chain

Published on: 17.05.2024
SubQuery now Supports Reef Chain

SubQuery is excited to announce its integration with Reef Chain, a high-speed, scalable blockchain built for decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming applications.

Reef Chain is designed for efficiency, boasting low transaction costs and a sustainable consensus mechanism that eliminates wasteful mining. Built with the Substrate Framework, it offers on-chain governance, giving users a say in the network’s direction.

SubQuery’s powerful indexing capabilities enable developers on Reef Chain to efficiently manage and query on-chain data, speeding up development processes and facilitating rapid iterations. This support is a crucial step in advancing the goal of onboarding the next billion users to blockchain technology.

Empowering Reef Chain Developers

Developers on Reef Chain can now leverage SubQuery’s versatile, high-speed, open, and decentralized data indexing solutions. These tools empower blockchain developers to efficiently manage and query on-chain data for their protocols and applications.

SubQuery simplifies backend operations by providing developers with a custom-made API, allowing them to focus on product development and enhancing user experiences without needing to build their indexing solutions.

SubQuery is committed to offering developers the most comprehensive and efficient indexing experience possible. This includes an open-source SDK, tools, documentation, and developer support. Reef Chain is also supported in SubQuery’s enterprise-level managed service, which provides robust infrastructure hosting and handles hundreds of millions of requests daily.

About Reef Chain

REEF, the native utility token of Reef Chain, plays a multifaceted role within the ecosystem. It fuels network governance, staking rewards, transaction fees, and serves as a tradable cryptocurrency. REEF is also central to Reef Chain’s reward system, with validators and nominators receiving tokens for securing the network.

Key Features of Reef Chain

  • Solidity Support: Enables seamless migration of Ethereum-based dApps to Reef Chain without code modifications.
  • Forkless Upgrades: Ensures smooth network upgrades without disruptions.
  • Scalability and High Throughput: Designed to handle a high volume of transactions.
  • Liquidity Bridges: Facilitates asset movement between Reef Chain and other blockchains.
  • Staking: Offers rewards for users who contribute to network security.

Website | Twitter

About SubQuery

SubQuery Network is a leading web3 infrastructure provider, empowering developers to build a decentralized future. SubQuery’s fast, flexible, and open data indexing solution accelerates dApp development across over 180 networks, fostering a user-centric web3 landscape. SubQuery’s upcoming Data Node promises to revolutionize the RPC industry, delivering unparalleled decentralization. As pioneers of the web3 movement, SubQuery empowers visionaries and forward-thinkers to shape an inclusive and decentralized web3 future. Join us in building the future of web3, together.

Website | Twitter

Source:
https://blog.subquery.network/subquery-supports-reef/

 

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