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There's definitely no doubt when it comes to Querying and Indexing Blockchain Data, The Graph can never be left out as it offers seamless Web3 solutions when it comes to accessing and Querying Data on the Blockchain. The Graph has been in existence for the past 5 years and it has played a crucial role in bolstering web3 and empowering developers to construct Decentralized Applications (dApps) utilizing it's subgraphs.
The Graph Foundation's recent publication from last year hinted at potential modifications or developments in The Graph roadmap under the theme "New Era of The Graph." There is optimism that these changes may be implemented in the current year (2024), subject to the team's discretion. The Graph's latest roadmap presents an ambitious and transformative vision for the future as It envisions addressing a comprehensive range of data service needs, encompassing queries, analytics, and LLMs. This new roadmap anticipates a dynamic future aimed at empowering developers and fostering the expansion of The Graph ecosystem.
In today's blog post, I'll share five key insights about what to expect from the upcoming "The Graph New Era" roadmap modification. I'm confident you'll find this information enlightening. Without further delay, let's explore these five points.
Five Features To Expect
According to the recent publication made by The Graph Foundation, we anticipate encountering the following five highlighted features listed below;
#1 World of Data Services
There's definitely no doubt that The Graph is known for it's ability to enable users have access to Blockchain data which simply connotes that we can never discuss about The Graph without talking about Indexing and querying Blockchain data as they both go hand in hand.
The good news is that with the implementation of the The Graph New Era, The Graph will extend its scope beyond subgraphs to provide a diverse marketplace of data services within the network. This will bring about the adoption of multiple Querying Languages aside from the ones presently used as this will enable Data scientist and analysts take part in seamless data analysis while using The Graph analytical tools.
This development brings the advantage of facilitating accelerated data flow and modular data access. It achieves this by integrating Firehose and Substreams, introducing non-deterministic data sources on the Blockchain. Indexers can engage in file sharing using the Marketplace, and there will be ongoing support for new chains through the Chain Integration Process.
#2 Developer Empowerment
Certainly not breaking news, The Graph has consistently supported developers by offering accessible Web3 tools and grants. The exciting update is that The New Era will further empower developers with enhanced DevEx and improved tooling.
Developers can leverage Arbitrum and L2 transfer tools to minimize operational gas fees. The Graph's New Era enhances the developer experience with augmented tooling for Substreams, incorporating a dedicated GUI and Codegen capabilities for a seamless user experience. Additionally, it brings improvements to GraphQL API, along with advanced testing and build-time validation features integrated into the Graph CLI.
#3 Optimized Indexer Performance
Data Indexing on The Graph will become more optimized and highly efficient by refining Indexer tooling and operational capabilities through the implementation of The Graph New Era. This will help to boost Indexer performance on the Blockchain and optimize Indexer performance during data querying and indexing operations.
As outlined in The Graph Foundation's publication, a new indexing tool called Graphix will be implemented to facilitate automated divergence checks and streamlined detection. Indexers on The Graph can execute substantial indexing operations using a Scaled Indexer stack supported by Kubernetes. Additionally, the integration of Arbitrum will lead to reduced gas fees and operational costs for indexers, contributing to enhanced operational efficiency.
#4 Interconnected Graph of Data
As mentioned earlier in this content, The Graph and data are inseparable, as The Graph relies on data just as much as the indexing of blockchain data relies on The Graph. This underscores the critical importance of blockchain data to The Graph. The Graph New Era will help in developing tools for the creation of composable data and structured knowledge graphs.
Undoubtedly, this advancement will propel Web3 operations on The Graph, positioning it as the central hub for web3 data. The Graph's New Era will offer unified access to all data services through composability and introduce tooling for constructing knowledge graphs. Additionally, it will implement enhanced mechanisms for the curation and governance of data on The Graph, including enabling network support for Natural Language Processing through LLMs.
#5 Protocol Evolution & Resiliency
The last but not the least feature to expect on The Graph New Era is the ability to implement enhancements to create a protocol that is more resilient, flexible, and efficient. The objective of Protocol Evolution & Resiliency emphasizes a dedication to enable a complete decentralized system (Web3), permissionless innovation, increased economic efficiency, and reduced implicit trust assumptions.
In The Graph's New Era, a new payments system will be introduced for network participants through a Timeline Aggregation Protocol (TAP) named Scalar. This will significantly decrease trust assumptions between gateways and Indexers' payments. Additionally, Graph Horizon will be introduced to advance the protocol, making it more permissionless, simpler, and cost-effective, with enhancements to delegation.
Conclusion
In summary and conclusion, The Graph New Era undeniably promises additional solutions and the establishment of a fully decentralized system within The Graph ecosystem. This era will conclude with The Graph addressing the expanding use cases of web3, such as verifiable data, new query languages, and LLM support, while enhancing support for builders, protocol efficiency, and the development of a knowledge graph. Furthermore, it will support arbitration for new data services and chains in a modular fashion, enabling dedicated user interfaces for various data services, including those tailored for developers and data scientists.
References/Important Links
About Me
I'm Adebola, a proud graduate in Agricultural Engineering (BSC). My passion for self-development and productivity drives me to constantly seek knowledge and conduct research. Over the last five years, I've immersed myself in the world of cryptocurrency and blockchain, growing more enthusiastic by the day. My diverse hobbies include reading, writing, enjoying good food, participating in agricultural activities, traveling, designing, and blogging. I possess a range of skills, including content writing, graphic design, UI/UX design, copywriting, internet marketing, research, data analysis, and basic coding. Don't hesitate to connect with me through the links below;
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