.Graphprotocol began migrating its settlement layer from Ethereum to the layer 2 scaling solution Arbitrum on Wednesday. reporting.
The Graph – a decentralized protocol for indexing and querying blockchain data – began migrating on Wednesday from Ethereum to the layer 2 scaling solution Arbitrum.– a move that Graph developers Edge & Node say will decrease barriers of entry for The Graph’s participants without compromising on security.allows web3 developers to view blockchain data
without trusting centralized intermediaries for the data’s accuracy. Launched initially on Ethereum, its move to layer 2 platform Arbitrum is an effort to decrease gas costs and increase transaction speeds, according to Edge & Node CEO Tegan Kline. Arbitrum, like other Ethereum layer 2 networks, operates as a separate blockchain that runs alongside Ethereum. To reduce fees for users without losing all of Ethereum’s security guarantees, Arbitrum bundles up large groups of transactions and then passes them back down to Ethereum for all-at-once settlement.
The Graph’s migration involves transferring its “settlement layer” from one network to another – rather than recording and settling activity directly on Ethereum, The Graph will now settle transactions on Arbitrum. Every time a user performs a transaction on The Graph like delegating and indexing, there is a cost to it. “With this transfer to Artbitrum, those costs are lower. So we expect that there will likely be more indexers that spin up on the network [and] more delegators that get involved because that barrier to entry is lower, the cost isn’t so high,” Kline told CoinDesk.
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