Aleph.im (ALEPH) introduces indexing solution for the Solana blockchain (SOL) – GoozerNation

An alternative to central indexing

Last Friday, the Aleph.im network announced its new contribution to the development of Web 3.0. The protocol now enables the decentralized indexing of the data necessary for the operation of the protocols on the Solana blockchain.

Aleph.im’s infrastructure, which specializes in cloud computing and cross-chain data storage, already offers this solution for the Raydium protocol, an automated market maker that operates on Solana.

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💎… # Decentralized #Computing #VM #Speicher $ SOL $ ALEPH $ RAY @RaydiumProtocol pic.twitter.com/NuHXXKrzND

– Aleph. In the network (@aleph_im) August 19, 2021

The idea is to make the data necessary for the operation of smart contracts available to users. This information can relate to the supply of liquidity, the transaction history of the tokens as well as their price or even the total volume of all trading pairs.

Before this indexing solution was introduced, applications running on the Solana network relied on their own centralized indexing solutions. This results in high costs in terms of physical resources, internet connections and computing power.

“Aleph’s indexing tools will be critical to Solana’s success and are currently incorporated into all of Raydium’s research,” said AlphaRay, Head of Raydium.

Aleph.im will now be able to manage indexing and data requests, which saves time and energy for the participating protocols. Aleph.im’s press release states that 50 independent nodes are already up and running to meet demand.

Aleph’s virtual machine powered solution claims to be able to automatically adjust to demand and synchronize indexes according to application requirements. Additional resources are expected in the coming months to enable further development of this solution.
👉 To go even further – Ubisoft joins the decentralized Aleph.im network as the main node operator

GraphQL technology in the spotlight

At a time when data centralization comes with increasing physical and IT costs, indexing protocols are a necessary alternative for the healthy development of an ecosystem of interconnected blockchains.

“Data availability is an essential part of building a user-friendly Web3 world, and decentralized indexing services will play an important role in this transition,” said Anatoly Yakovenko, Co-Founder and CEO of Solana Labs.

Currently, the most important indexing protocols such as The Graph (GRT), Aleph.im (ALEPH) and Open Index Protocol (OIP) are based on a specific technology: the GraphQL query language.
This language was developed by Facebook in 2012 to manage its API requests and is used to load data from a server to a client (i.e. from an API to an application) particularly efficiently.

“GraphQL is a query language that moves the contract between customers and servers, allowing customers to describe their requirements in such a way that developers can ultimately create bespoke products. Says Dan Schafer, co-founder of GraphQL.

Described as a technology that dramatically simplifies the task of developers, especially when deploying applications, GraphQL enables:

Retrieve a large amount of data in a single query; notify a server of a specific need and receive the requested data in a predictable manner; know what data is available and in what form it is available.

👉 Solana News – Digital Assets is offering tokenized stocks on the Solana Blockchain (SOL) on FTX

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About the author: Bela Le Tiec

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