In this article, we’re going to deep dive into the role of Covalent, the unified blockchain API. So, the first question that arises in all of our minds– What is covalent?
Covalent is the only multi-chain API that provides every single point of on-chain data. This includes granular, historical, and blockchain metadata. Blockchain technologies can change the world, but this potential is left unfulfilled if the data is not accessible. Despite the proliferation of digital assets on the blockchain, granular and historical blockchain data is impossible to access by anyone but the most sophisticated and technically talented individuals. Querying blockchains directly is time-consuming and compute-intensive, while additionally refining and manipulating the data adds another layer of complexity.
Current solutions require developer hours to write additional code to query granular and historical blockchain data. Developers need to be retrained while understanding the complex tools (for example, how to write a subgraph), which can take weeks or months to implement. This is expensive to adopt and slows down the mainstream adoption of blockchain technologies. Covalent is committed to creating the simplest solution possible for developers - no extra code needed, just one API call.
Ultimately, Covalent’s vision is to empower the pioneers of tomorrow by providing the richest and most robust data infrastructure for the entire blockchain ecosystem. Covalent does so through a single, unified API. The key point here is that your private key used to encrypt your data is held with a decentralized storage provider. Encryption plays a huge role in the excellent security and privacy that decentralized platforms have.
It is important to remember that Covalent ..
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