SubQuery has always been committed to building a Web3 revolution and providing the tools for developers to accelerate their own cutting-edge applications. We started this mission because we saw the lack of accessible blockchain data and decentralised infrastructure solutions were hindering the full potential of web3.
The Challenges
Building a decentralised application is not a journey without a few hurdles. Some of the key challenges faced are outlined below.
Scalability: Scalability is a significant concern for decentralised applications, as the demand for information can increase rapidly.
Performance: Achieving high performance in terms of transaction throughput and confirmation times can be challenging due to the distributed nature of the blockchain networks. Slow confirmation times can impact user experience, making it crucial to optimise code and choose good tools to rely on.
Reliability: Uptime challenges are inherent due to the decentralised and distributed nature of blockchain networks. As mentioned above, tools and optimisations are required to increase the performance, but no amount of speed is good enough if a user cannot rely on their favourite dApp being available.
Interoperability: There’s no doubt the Web3 future is multi-faceted. DApps will often need to interact with other decentralised applications or smart contracts, and potentially across multiple different networks. Achieving interoperability between different blockchain platforms and technologies can be complex.
True Decentralisation: All developers set out with pure intentions of contributing to the decentralised future, however naturally many fall into relying on centralised infrastructure solutions which means their tech stack isn’t truly decentralised and they are still at the mercy of central entities.
How We’ve Addressed the Challenges
SubQuery has rolled out three products, each with the ultimate aim of making developers' lives easier and with their own unique benefits.
Starting with the SubQuery SDK, the core of SubQuery, an open-sourced indexing framework providing fast, reliable, decentralised, and customised APIs for web3 projects. The SubQuery SDK is driven by three pillars: performance, customer-driven features, and wide-chain support. Developers can rely on SubQuery to accelerate their scalability and interoperability with over 110+ networks supported, SubQuery has the largest network coverage of any Web3 indexer and is a natural choice for a multi-chain project.
We took the SubQuery SDK one step further with our eyes set on resolving the uphill reliability battle that developers face. This is when we rolled out the SubQuery Managed Service so builders don’t need to worry about running indexing infrastructure and instead can host their indexer with us at a premium enterprise level with over 99.9% uptime.
Now all that was left to address is performance and true decentralisation: enter the SubQuery Network. The SubQuery Network indexes and services data to the global community in an incentivised and verifiable way. After publishing your project to the SubQuery Network, anyone can index and host it - providing data to users around the world faster and reliably. Furthermore, the SubQuery Network facilitates an open web3 data revolution by allowing developers to completely decentralise their infrastructure stack.
The Vision
As we became further integrated with web3 architecture, we couldn't ignore the inherent structural issues afflicting web3 software development. From the absence of decentralised data and infrastructure solutions to the challenges teams encounter in monetising their services for sustainable projects, this is just a fraction of what is getting in the way of the complete realisation of web3's potential.
We are unwavering in our commitment to a web3 revolution and promise to continue to pioneer the transition to a decentralised future. What we’ve come to realise is we are perfectly positioned to help go beyond accessing and querying blockchain data. With our upcoming plans, we aim to address multiple structural issues head-on and create a more accessible, interoperable, and developer-friendly web3 ecosystem.
We’ll start on this path by expanding the SubQuery Network to accommodate RPC providers. This will mean providing payment rails, verification of service, and dispute resolution frameworks to facilitate the decentralisation of these critical infrastructure components. From there we will enhance and democratise RPCs to make them ultra-performant as well as cheaper to run. Read more about this here.
SubQuery will decentralise data indexers and RPC providers in a permissionless network of thousands of node providers, simplifying the data layer for a myriad of applications and use-cases. The SubQuery Network will decentralise the future.
About SubQuery
SubQuery Network is innovating web3 infrastructure with tools that empower builders to decentralise the future. Our fast, flexible, and open data indexer supercharges dApps on over 115 networks, enabling a user-focused web3 world. Soon, our Data Node will provide breakthroughs in the RPC industry, and deliver decentralisation without compromise. We pioneer the web3 revolution for visionaries and forward-thinkers. We’re not just a company - we’re a movement driving an inclusive and decentralised web3 era.Linktree | Website | Discord | Telegram | Twitter | Blog | Medium | LinkedIn | YouTube