THELOGICALINDIAN - Designed analogously to the Lightning Network and Raiden the new band-aid will accomplish application accompaniment channels
The Graph has appear that they are bringing a new open-source Layer 2 band-aid to their mainnet protocol, awaiting a aegis analysis by Consensys Diligence. The band-aid was developed through a affiliation with State Channels, Connext, and Consensys Mesh R&D.
The Graph Launches Layer 2 Solution
Together they affirmation to accept created a modern, peer-to-peer micropayment agreement that will advice calibration Ethereum to bags of affairs per second. The Ethereum Foundation additionally played a allotment in auditing the protocol’s implementation.
The band-aid is based on accompaniment channels, a technology abstraction ahead acclimated by Bitcoin’s Lightning Network and Ethereum’s Raiden. Unlike approved crypto payments, accompaniment channels accredit participants effective, fast, and bargain off-chain transactions, with all of the allowances of an on-chain implementation.
The Graph’s arrangement leverages bulge operators alleged “Indexers,” who are incentivized to accommodate the best after-effects for the everyman accessible price. Users can tap Indexers to collaborate with the Graph arrangement for transactions, codicillary micropayments, and attestation. Indexers accept rewards for their efforts in active the software and optimizing the database.
With the Ethereum ecosystem on the anchor for able Layer 2 solutions, The Graph Network is a absolute adversary on the market.
Some of the better players in DeFi already use it, such as Uniswap, DAOStack, Balancer, and Aragon.
Gas animation is causing cogent burden on users and decentralized protocols to advance a band-aid for the rapidly crumbling account of Ethereum. The ecosystem is broken amid cat-and-mouse for Ethereum 2.0 or the abrupt accomplishing of accepted Layer 2 solutions, such as zkRollup, Raiden, and now The Graph Network.
