Covalent strengthens its position as the first Web3 data aggregator with Polygon zkEVM cooperation

03/10/2023 12:48 • NFT Newsflash • 133 views

According to the report, Covent tweeted that it had cooperated with Polygon zkEVM. From March 27, users can access Polygon zkEVM data through Covent. This cooperation further strengthens the role of Covalent as the first Web3 data aggregator and provides complete data transparency for zkEVM blockchain.

Covalent cooperates with Polygon zkEVM to support the expansion of Ethereum ecosystem

Analysis based on this information:

Covalent, the first Web3 data aggregator, has announced a collaboration with Polygon zkEVM to enhance data transparency in blockchain technology. According to the report, Covent tweeted that it had cooperated with Polygon zkEVM. This partnership will enable users to access Polygon zkEVM data through Covalent from March 27th.

The collaboration between Covalent and Polygon zkEVM is significant in that it enhances data transparency in blockchain technology, which has been a long-standing concern for many. The blockchain is regarded as secure as every transaction is recorded in a public ledger that cannot be altered. However, despite this security, the challenge with blockchain technology is the inability to read the recorded data, which limits the transparency of the blockchain. This collaboration will tackle this issue by providing complete data transparency for the zkEVM blockchain.

Covalent’s role as the first Web3 data aggregator has already seen it collect and index data from various blockchain networks, making it easier for developers to access blockchain data and develop decentralized applications. With this collaboration, Covalent will extend its services to the Polygon network, which will result in more comprehensive, accurate, and reliable data being available.

Polygon is a popular Layer 2 scaling solution that offers faster and cheaper transactions on the Ethereum blockchain. Its main feature, zkEVM, offers a highly scalable, low-cost, and privacy-preserving solution for smart contracts. Covalent’s partnership with Polygon zkEVM, therefore, offers a significant opportunity for developers to access the Polygon network and zkEVM data.

In conclusion, the collaboration between Covalent and Polygon zkEVM offers a significant opportunity for blockchain technology’s transparency. Covalent’s position as the first Web3 data aggregator, combined with Polygon’s scaling solution, presents a more comprehensive, accurate, and reliable service for developers. This partnership will play a major role in providing complete data transparency and enhancing the growth and development of blockchain technology.

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