Covalent is a Vancouver-based startup that is taking the blockchain world by storm with its innovative solution to the read-scalability problem. With blockchain nodes, reading from the blockchain can be a significant challenge, and this is where Covalent comes in. Covalent is designed to address this problem by introducing a normalized data model and exposing it behind a Unified API. The Covalent Unified API currently supports 32 blockchains, 1000+ applications, and over 27,000 developers. In this startup showcase, we will explore how Covalent is empowering developers and unlocking unknown use-cases with its Unified API.
Solving the Read-Scalability Problem
The blockchain ecosystem is growing at an exponential rate, and with it comes the need for more advanced solutions to keep up with the demand. Covalent recognized the need for a solution to the read-scalability problem, and they developed a solution that would enable use-cases that were previously unknown. With Covalent’s normalized data model, developers can now access blockchain data in a structured and efficient manner, enabling them to build advanced applications that were previously not possible.
The Unified API – Empowering Developers
Covalent’s Unified API is one of the most significant developments in the blockchain ecosystem, enabling developers to access data from multiple blockchains with ease. With the Unified API, developers no longer need to spend countless hours searching for and understanding complex data structures on different blockchains. The Covalent Unified API abstracts away the complexities of blockchain data, enabling developers to access data from multiple blockchains with a single API call. This makes it easier for developers to build applications that require data from multiple blockchains, unlocking new use-cases that were previously unknown.
The Covalent Ecosystem
Covalent has quickly become a leader in the blockchain ecosystem, with its Unified API now supporting over 32 blockchains, 1000+ applications, and over 27,000 developers. The Covalent ecosystem is rapidly growing, and with it, the possibilities of what developers can achieve. Covalent’s vision is to be the go-to data provider for the blockchain ecosystem, enabling developers to build the next generation of decentralized applications.
Conclusion
Covalent is a startup that is changing the game in the blockchain ecosystem with its Unified API. By solving the read-scalability problem and introducing a normalized data model, Covalent has enabled developers to build advanced applications that were previously not possible. With its rapidly growing ecosystem, Covalent is on track to becoming the go-to data provider for the blockchain ecosystem, unlocking new use-cases and empowering developers to build the next generation of decentralized applications.
Website: https://www.covalenthq.com/
Twitter: https://twitter.com/Covalent_HQ
Facebook: https://www.facebook.com/CovalentHq/
