China’s Public Blockchain Nervos to Integrate with Covalent, an Indexing Solution Provider for DLT Networks

Nervos, China’s leading public blockchain, has revealed that it will be integrating its testnet and mainnet with Covalent, an established provider of indexing solutions for blockchains, “expanding the availability of data on the network and simplifying the experience for developers building on Polyjuice, an Ethereum Virtual Machine (EVM) compatible layer running on top of Nervos CKB, who need access to reliable, high-quality data.”

As mentioned in a release shared with CI:

“Every day, hundreds of millions of transactions take place across the entire blockchain ecosystem, providing a wealth of deep, granular, and historical data that can be used to not only help developers and teams improve their projects and applications but also enhance interconnectivity in the space. However, the data behind those transactions is not always easily accessible, and in some cases, is nearly impossible to extract.”

In order to address this issue, Covalent offers a unified API to bring complete transparency and visibility to assets across all blockchain or distributed ledger tech (DLT) networks. Its dataset currently supports 25B+ transactions, 30,000+ price feeds, and 200,000+ smart contracts for querying.

Through this integration, Nervos will be expanding the availability of data on its network and “simplifying the experience for developers who need reliable, high-quality data.” Using the Covalent API, developers are able to obtain Nervos mainnet data and seamlessly access the network through the unified API by “changing the chainId parameter.”

The blockchain data available reportedly includes:

  • Token balances per address
  • Historical transactions per address
  • Historical prices by address and ticker symbol
  • Decoded log events

Ganesh Swami, Co-founder and CEO at Covalent, stated:

“Both Nervos Network and Covalent share a vision of a global economy that is public and decentralized. At Covalent, we are getting there by building an accessible Web3 data layer and indexing Nervos which is making meaningful changes in creating universal blockchain solutions.”

In addition to the integration, Covalent plans to launch a campaign for applicataion developers building with Nervos.

Kevin Wang, Co-founder at Nervos, added:

“Our integration with Covalent significantly enhances the developer experience on Nervos, which is one of our main priorities as we grow our ecosystem and open up access to our multi-chain solutions. We look forward to seeing how our community members use this new tool and resource.”

As previously reported, the Nervos Network is a set of protocols and public (or permissionless) blockchain ecosystem “aiming to solve the biggest challenges facing blockchains like Bitcoin and Ethereum today.”

The Nervos Common Knowledge Base (CKB) is the layer 1, proof of work, public permissionless blockchain protocol of the Nervos Network. It “allows any crypto-asset to be stored with the security, immutability, and permissionless nature of Bitcoin while enabling smart contracts and layer 2 scaling.” Its crypto-economic model is specifically designed “to better align the interests of users, developers, and miners as compared to first-generation blockchains.”

As noted in the update,  Covalent aims to leverage Big Data tech to “create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization.”

Instead of having to source data from just a handful of chains, Covalent “aggregates information from across dozens of sources including nodes, chains and data feeds.”

The Covalent API then sources end users with individualized data by wallet, “including current and historical investment performance across all types of digital assets.” Covalent “returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface.”

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