Covalent and Polygon team up to provide complete data transparency for zkEVM blockchain

03/10/2023 12:48 • Metaverse & Beyond • 67 views

According to the report, Covent tweeted that it had cooperated with Polygon zkEVM. From March 27, users can access Polygon zkEVM data through Covent. This cooperation further strengthens the role of Covalent as the first Web3 data aggregator and provides complete data transparency for zkEVM blockchain.

Covalent cooperates with Polygon zkEVM to support the expansion of Ethereum ecosystem

Analysis based on this information:

Covalent, the first Web3 data aggregator, announced on Twitter its cooperation with Polygon zkEVM recently. According to the tweet, users can access Polygon zkEVM data through Covent from March 27. The cooperation between these two giants aims to further enhance the transparency of the zkEVM blockchain, ultimately promoting faster and more efficient transactions for its users.

Polygon, formerly known as Matic Network, is a Layer 2 scaling solution for Ethereum that aims to resolve the problem of high gas fees and slow transaction speeds. It is built on the Ethereum network but operates independently from it. Additionally, Polygon has been supporting multiple other blockchain networks, such as Binance Smart Chain (BSC) and Polkadot. Polygon’s zkEVM is a high-speed, low-cost scaling solution that enhances transaction throughput while maintaining the security of Ethereum.

Covalent, on the other hand, is a blockchain data provider that aggregates information from multiple blockchains, providing access to APIs that developers and entrepreneurs can use to build decentralized applications (dApps). The platform aims to simplify blockchain data and make it accessible to non-technical users, enabling more widespread adoption and ultimately fostering growth for the overall blockchain ecosystem.

With this cooperation between Covalent and Polygon zkEVM, users can now access a complete range of zkEVM blockchain data through the Covent platform. The partnership is expected to promote transparency and access in the blockchain ecosystem, increasing the efficiency of queries by aggregating data from multiple sources.

In conclusion, this cooperation between Covalent and Polygon is significant in providing complete data transparency for the zkEVM blockchain. The partnership will promote faster and more efficient transactions while increasing accessibility and transparency of blockchain data. The integration of Polygon zkEVM with Covalent addresses the scalability issues within the blockchain world, further boosting blockchain adoption, capitalizing on the numerous advantages of decentralization and open networks.

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