The Graph Launches Scalar Microtransaction System For Blockchain Data Providers – Bits Media

The Graph Developers Introduce Scalar Microtransaction System, which opens up new ways of earning money for node operators and data providers.

According to the description
project The Graph, the platform created by the developers is a “level indexation and requests in a decentralized network ", which functions as a link between decentralized applications (dapps) and various blockchains. The platform allows the participants to pack requests at Subgraphs – custom channels, which provide API data for using blockchains and decentralized applications.

The platform supports Defi projects, Including Uniswap, Synthetix и aave, and also the blockchain Polkadot, Solana, Near and even. The project has its own GRT token.

“SCALAR microtransactions system opens up a new method for monetizing their infrastructure by operators due, And data suppliers can directly receive money for providing useful data for applications without paid access and advertising ”, – According to Graph Foundation.

The developers noted, that the volume of transactions on the network has created the need for infrastructure of microtransactions outside the existing options.

“Web boom 3.0, Including Defi and non -replaced tokens (NFT), He created an unprecedented demand for a decentralized and scalable request processing system ", – The developers write.

Scalar created The Graph Foundation and Edge&Node together with Connext. Thanks to the use of bilateral channels, where users can more effectively interact with each other directly outside the blockchain, Scalar aggregates and compresses transactions before, how they will be confirmed in the blockchain.

“Within the framework of the Graph ecosystem, we began to study bilateral channels a little more than two years ago. And everyone said, that we are crazy ", – said the co-founder and business leader Edge&Node Tegan Klein (Tegan Kline). “We have conducted a lot of research, bilateral channels. Now these channels will be used for the first time in a large -scale application. Scalar – This is an important element of infrastructure in the decentralized application industry. We will use this solution in the Graph ecosystem, To be able to process billions of requests in the Grapha decentralized network ".

According to the platform, In March, the hosting service The Graph processed more 600 millions of requests per day, A total of more 19 billion requests for a month. The number of queries placed on the platform increased in more than 100 time. March indicators "talk about the rapid growth of the Ethereum and other blockchains, which are supported by the service ".

Recall, that the cryptocurrency startup The Graph, based in San Francisco, In December last year, announced
About the launch of the main network, which should become a "blockchain indexation protocol".