Friday, June 2, 2023

The Graph Funds Eth1 and Eth2


The Graph Foundation announced today that it will contribute over $500K in grants to the Execution Layer (Eth1) Client Ecosystem Fundraise and the OpenGrants initiative for Eth2 client teams in support of Ethereum’s development.

The Graph Foundation will support Eth1 development with Compound Grants, Kraken, Lido, Synthetix, Uniswap Grants, and the Ethereum Foundation. It will be the first external contributor to the Eth2 funding pool.

Ethereum client teams maintain the Execution Layer (Eth1) and Execution Layer (Eth2) clients. Eth1 and Eth2 are crucial for dapp developers and node operators in our community. Hundreds of dapps and thousands of developers use the Graph to create EVM-based chains.

The developers are thrilled to be working with0020a a number of organizations. Also, there is the possible allocation of $250,000 to the Execution Layer (Eth1) to the 2021 fund. The team plans to provide ongoing assistance and will also award $250,000 to James Fickel’s Eth2 Development – OpenGrants project. This will finance Eth2 development and research teams indefinitely.

About the Graph Foundation

The Graph Foundation is actively financing alternative Ethereum technology. This includes an Automated Ethereum Archive Node and Ethereum Load Balancer, in addition to core clients. The Ethereum ecosystem will benefit greatly from having a fault-tolerant automated archive node deployment. This is because it will lower the barrier to deploying a full node and eliminate the need to rely on centralized node providers. Indexers on The Graph, as well as all dapps with their own nodes, will benefit directly from this. Ionut Scirlet is also exploring and analyzing how viable alternative Execution Layer (Eth1) clients are to The Graph’s Indexers as part of Wave 2 of The Graph grants program.

The team is also working closely with the Erigon and ethers.js teams to ensure that Indexers on The Graph are not affected by the expected hard fork.

Finally, The Graph has a fantastic RFP for an Ethereum Load Test that will aid clients with indexing performance. For checking Ethereum client stability, predicted load time, and load testing, indexers require an Ethereum Load Test diagnostic tool. Furthermore, they will use this tool to examine potential subgraph problems and troubleshoot Graph Node and Ethereum nodes.

As the decentralized web’s indexation and query layer, the Graph serves as (Web3). In order to query data using GraphQL, developers design and publish open APIs called subgraphs. Currently, the Graph indexes data from 22 different networks, with more on the way. These networks include Avalanche; Ethereum; Arbitrium; Fantom; Celo; Moonbeam; IPFS; and PoA. Moreover, there has been the installation of over 22,000 subgraphs on the hosted service. And then now, you can install subgraphs directly on the network. Many more apps, like Uniswap, Synthetix, Aragon, Gnosis, and Balancer have subgraphs produced by over 23,000 developers for DAOstack and AAVE, as well as Decentraland.

The Graph Ecosystem

The team that manages The Graph Network is The Graph Foundation. The Technical Council is in charge of the Graph Foundation. The Graph ecosystem includes various companies such as Edge & Node, StreamingFast, and Figment.

Miguel Garcia
Miguel Garcia
Miguel Garcia is a writer for Cryptoconstellation. Miguel has always been fascinated with Crypto. He has experience in Business and finance. Miguel loves sport cars and football.

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