The Graph scales on Layer 2 after integrating on Arbitrum One

Popular decentralized query and data indexing platform The Graph recently unveiled Layer 2 scaling. Integrating the platform with Arbitrum One will improve its scalability and security.

In addition, the integration will boost the cost-effectiveness of the network participants. The Graph released an official Twitter string to inform users about the news. According to the tweets, the huge development means users can access a gas-efficient and seamless decentralized data experience.

Once The Graph is scaled to Layer 2, the protocol will enable significant improvements in the participants’ affordability and speed. The platform has decided to conduct the transition in three phases. 

Phase 1 of the transition revolves around the initial deployment. While the phase is running, the protocol’s use is operational, and a GRT bridge between Ethereum and Abritrum will be established. However, this would mean that the indexing rewards are not available.

The Graph will continue to run on Layer 1 and Layer 2. However, the GRT smart contract will only function on Layer 1. On the other hand, GRT will be available on Arbitrum via the established bridge.

Phase 2 of the transition will be triggered when The Graph enables indexing rewards on Arbitrum. When the phase starts, the experimentation will cease, and the protocol will natively run on Arbitrum.

Phase 3 will be the final part of the transition, marking the start of the migration. When the phase is complete, the indexing rewards will slowly be diverted to Layer 2. The Graph expects more users to access the network on Arbitrum by this time.

Meanwhile, in Phase 3, the curators will be moved to Abritrum. It will include a flattened bonding curve, while Ethereum will maintain its curation stance. One-click migration and migration helpers will become readily available for every participant by this time.

Community participants and core developers will collaborate to facilitate a smooth migration process.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 65,297.50
ethereum
Ethereum (ETH) $ 3,572.21
tether
Tether (USDT) $ 0.999709
bnb
BNB (BNB) $ 600.62
solana
Solana (SOL) $ 134.56
xrp
XRP (XRP) $ 0.493925
dogecoin
Dogecoin (DOGE) $ 0.123649
cardano
Cardano (ADA) $ 0.39032