The Graph to Enhance Decentralized Network with Fantom’s Support
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:
The Graph, a decentralized data indexing protocol, has announced the addition of Fantom network to its list of supported chains, as reported on March 8. This move is part of The Graph’s plan to continue expanding and enhancing its decentralized network, which enables developers to build dApps, smart contracts, and other decentralized applications more efficiently.
Fantom is a fast and secure DAG-based (Directed Acyclic Graph) blockchain platform that offers several benefits, including low transaction fees, high scalability, and interoperability with other networks. Its addition to The Graph’s network through their Multi-Party Infrastructure Plan (MIPs) will allow developers on Fantom to access a wide range of data from multiple blockchains that are indexed by The Graph. This will make it easier to create more advanced and decentralized applications, as they will have access to a more diverse database of information.
This integration between The Graph and Fantom comes at a time when the demand for decentralized networks is increasing, and developers are looking for more options that offer faster and more efficient platforms. The Graph already supports several notable blockchain networks, including Ethereum, Binance Smart Chain, and Polygon (formerly known as Matic Network). By adding Fantom to the list, the platform is expanding its capabilities and attracting a wider audience of developers who are looking to build on decentralized networks.
Furthermore, The Graph’s support for Fantom can potentially facilitate more innovation and development in the decentralized finance (DeFi) space, which has seen significant growth and adoption in recent years. Developers can use The Graph’s data indexing and querying capabilities to access crucial data on various DeFi protocols and develop new decentralized finance applications that can integrate with Fantom.
In conclusion, The Graph’s addition of Fantom to its decentralized network through the MIPs plan is a significant development that will bring more opportunities and benefits to developers in the space. The integration between the two platforms will enhance the decentralization of applications, provide access to a more extensive range of data, and bring more innovation to the DeFi space.
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