The Graph Expands Its Support for Fantom Network
On March 8, it was reported that The Graph was adding support for Fantom network, and Fantom was about to join the decentralized network through the MIPs plan….
On March 8, it was reported that The Graph was adding support for Fantom network, and Fantom was about to join the decentralized network through the MIPs plan.
The Graph is adding support for Fantom network
Analysis based on this information:
On March 8, The Graph announced that it was adding support for Fantom network, a fast and low-cost blockchain designed for high-speed transactions and decentralized applications. This move marks a significant milestone for both The Graph and Fantom network, as it provides a bridge for developers to access and query data across multiple decentralized networks.
The Graph is a decentralized protocol for indexing and querying data from blockchain networks, including Ethereum, IPFS, and now, Fantom. It acts as a middleware layer that enables efficient and scalable data indexing, making it easier for developers to build decentralized applications without worrying about the underlying infrastructure.
With The Graph’s support, Fantom network can now participate in the protocol’s governance process through the MIPs plan (Module Improvement Proposals). This allows the Fantom community to propose, discuss, and implement changes to the network’s infrastructure and functionality, with the goal of improving its performance and usability.
By joining The Graph’s decentralized network, Fantom network gains access to a wide range of decentralized applications and services, including decentralized finance (DeFi) platforms, NFT marketplaces, and more. Developers can use The Graph’s subgraph technology to index data from these applications and provide users with real-time access to relevant information, such as prices, transactions, and user activity.
Moreover, the partnership between The Graph and Fantom network strengthens the vision of a decentralized web, where users can interact without intermediaries and retain control over their data. The Graph provides a crucial infrastructure layer for this vision by enabling efficient and scalable data indexing, while Fantom network offers a fast and low-cost blockchain for high-speed transactions.
In conclusion, The Graph’s expansion of support for Fantom network is a significant step towards a more connected and interoperable decentralized ecosystem. It opens up new opportunities for developers to innovate and build decentralized applications that can access and leverage data from multiple blockchain networks. The MIPs plan also provides a transparent and collaborative process for improving Fantom network’s infrastructure and functionality, ensuring that it remains a competitive player in the decentralized space.
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