The Subsquid ICO is currently in the spotlight, introducing the Subsquid Network. The latter is a decentralized data lake and query engine designed to revolutionize data access. This promising project seeks to create a neutral and open Internet rooted in Web3 principles.
Decentralized query engine: a paradigm shift
Subsquid Network distinguishes itself as an innovative decentralized query engine specifically designed to retrieve large amounts of data in bulk. Currently, it offers on-chain historical data from more than 100 EVM and backbone networks. Furthermore, it includes transaction receipts, event logs, traces, and status differences for each transaction.
Supplemental products redefine possibilities
- Squid SDK – Developer Empowerment: Built in Typescript, the Squid SDK is emerging as a pivotal tool for developers. It provides powerful batch indexing capabilities while eliminating the need for an RPC archiver. Additionally, this toolkit efficiently retrieves data from the Subsquid network, simplifying the data extraction process for various applications.
- Subcloud – Simplify Deployment: Subsquid Cloud stands out as a hosted service, providing a foundation for custom indexers and GraphQL APIs. It simplifies deployments and manages resource allocation, thus offering an easy experience for developers.
- Firehose under the squid – enhancing adaptability: Subsquid introduces Firehose, a simplified adapter for implementing subgraphs on the Subsquid network without the need for an archive RPC node. This addition enhances flexibility, meeting the diverse requirements of different applications.
SQD Token Sale: A Major Milestone
With momentum building, the Subsquid ICO is gearing up for its token sale scheduled from January 18 to January 19, 2024. The SQD token, an ERC20 digital token, will be available at a token price of 1 SQD = $0.094 USD. With a fundraising goal of $5,030,000, this ICO offers an opportunity to be part of a groundbreaking project. The team plans to issue a total of 1,337,000,000 tokens. However, only 39.9% will be available for token sale.
Unleash the power of the Subsquid Network API
The Subsquid Network API currently provides access to raw event logs, transaction data (with receipts), execution traces (for selected networks), and state differences (for selected networks). By supporting all major EVM and Substrate networks, it is expected to become a pivotal tool for developers searching for diverse blockchain data.
Two deployments and one identical API
Furthermore, Subsquid offers two deployments: a production-ready private cluster and a permissionless, decentralized network currently in the testnet phase. Despite the deployment differences, the user-facing API remains the same. This commonality ensures the seamless use of historical blockchain data older than 6 to 24 hours in bulk or in filtered form.
Practical use cases and tools
- Examples of use cases for the direct API: Subsquid's live API finds applications in real-time scenarios, especially for application-specific APIs. The Squid SDK seamlessly syncs with the Subsquid network, allowing for quick migration to real-time data. Those with existing subgraph indexes also have the option to run them on the grid.
- Squid SDK: The Squid SDK emerges as a powerful Typescript toolkit for creating indexes on top of the Subsquid network. By offering high-level libraries, convenient tools for decoding and normalizing raw data, and pluggable data sinks, the SDK enables developers to create low-cost, high-performance custom APIs and internal data pipelines.
- Subcloud: Simplify deployment: Operating as a platform as a service, Subsquid Cloud makes it easy to deploy Squid SDK indexes. With features like zero-downtime migrations, provision of high-performance RPC endpoints, and intuitive deployment management, it promises to simplify the development process.
SQD: Future of Probabilities
With the advent of the Subsquid ICO, the Subsquid network and associated products offer a promising future for blockchain developers and enthusiasts. With its decentralized query engine, complementary tools, and upcoming token sales, Subsquid appears poised to redefine data access and contribute to the development of Web3 principles. The SQD digital token holds the key to unlocking the full potential of this pioneering project.
