• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Bitcoin
    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    featured image

    How Bitcoin can be hacked?

    keep bitcoin safe

    Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

    featured image

    Bitcoin IRA – Everything You Need to Know

    A trillion dollar tsunami is about to hit Bitcoin

    A trillion dollar tsunami is about to hit Bitcoin

    featured image

    Why Bitcoin will always be the number one cryptocurrency? Explained

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    Trending Tags

    • Crypto Gems
    • NFT
    • DEFI
    • Crypto Lists
    • Altcoin
    • Crypto Market
    • Guide
    • IBC Capital
    No Result
    View All Result
    • Bitcoin
      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      featured image

      How Bitcoin can be hacked?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      Bitcoin IRA – Everything You Need to Know

      A trillion dollar tsunami is about to hit Bitcoin

      A trillion dollar tsunami is about to hit Bitcoin

      featured image

      Why Bitcoin will always be the number one cryptocurrency? Explained

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      Trending Tags

      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home News

      Covalent launches decentralized data query network to power web 3.0 infrastructure

      Hitesh Malviya by Hitesh Malviya
      April 29, 2021
      in News
      0 0
      0
      Covalent launches decentralized data query network to power web 3.0 infrastructure
      134
      SHARES
      1.7k
      VIEWS
      Share on FacebookShare on Twitter

      Covalent, the leading blockchain data provider, has launched its decentralized data query network to power web 3.0 infrastructure. This launch moves the platform beyond a centralized blockchain data API, enabling token holders and developers to engage with the network in new ways. 

      Unlike other data networks, users of the Covalent API, whether token-holders or not, will have the ability to query data across Ethereum, Polygon, Binance Smart Chain, Fantom, Elrond, and Avalanche, gaining insights into their ecosystem.

      “Covalent is now a part of the critical infrastructure piece that many projects in the space rely on. We take this responsibility seriously and the only undefeatable architecture is a decentralized one. Our previous centralized solution has been reimagined as a decentralized network with improvements for our existing customers and their workflows” said Ganesh Swami, CEO & co-founder of Covalent.

      The Covalent API holds terabytes of data, and regardless of industry best practices, is a candidate for a single point of failure. The decentralized network launch addresses this challenge and will help scale with the onboarding of applications using the API. 

      Covalent is also launching the Covalent Query Token (CQT) on Ethereum, network access, and governance token, via a public sale starting April 29th. The sale is not available to residents of the USA, Canada and China.

      Holding CQT allows the ability to vote on a governance forum that covers improvement proposals, development ideas, and suggestions for Alpha Alarm, a daily DeFi data series powered by Covalent. 

      The governance forum will also include suggestions for the Alchemist Ambassador program, which Covalent is allocating 1% of token supply into, equating to millions of dollars. Applications to participate in the programme are open to everyone and participants are given $1,000 to $5,000 in CQT a month to help develop Covalent’s ecosystem and engage with the community. As of today, the project has attracted over 2000 people. 

      Covalent’s network launch also includes an explorer for Covalent blocks which covers total transactions, average block time, total blocks, miner addresses and more. 

      In the past six months, Covalent has closed two funding rounds totaling $5.1 million to power its network launch. 

      Since last October, the number of customers employing Covalent’s data has grown to over 100 customers and the number of blockchains indexed has increased from one to eight – the most exhaustive in the industry – with the team expecting to index a total of 12 blockchains by the end of the year. Covalent has secured $3.1M funding round led by Woodstock, 1kx, Mechanism Capital, and other VCs.

      Hitesh Malviya

      Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
      Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: covalent
      Share54Tweet34Share13

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      Is it Worth buying Luna under five dollar

      Is it Worth buying Luna under five dollar

      by Karthik Guttha
      May 11, 2022
      0

      The crypto market has been through many steep drawdowns in previous cycles, but what’s happening now with the Luna ecosystem...

      58% of Bitcoin Transactions Are Realizing Profits as BTC Falls Below $40,000

      58% of Bitcoin Transactions Are Realizing Profits as BTC Falls Below $40,000

      by Karthik Guttha
      April 13, 2022
      0

      After reclaiming a higher price level and flipping resistance for the support band, bitcoin is once again showing weakness. In...

      nft comics

      The First-Ever NFT Comic was released on Rarible

      by Hitesh Malviya
      March 20, 2021
      0

      Indie Creator Omar Spahi Releases First Full Issue Edition as First Comic Book NFT Format.  The creator of Xenoglyphs releases the story’s...

      Unstoppable Domains Announces the Most Expensive Sale of a Domain Name NFT Ever Recorded

      Unstoppable Domains Announces the Most Expensive Sale of a Domain Name NFT Ever Recorded

      by Hitesh Malviya
      March 9, 2021
      0

      Win.crypto Sells for World Record $100,000 USD  Unstoppable Domains, a company building blockchain domain names, has announced the sale of...

      bitcoin laser eyes

      Bitcoin Laser Eyes, What is it all about?

      by Hitesh Malviya
      February 20, 2021
      0

      There is a new trend growing up in crypto twitter: A Profile Picture with Bitcoin Laser Eyes. Few Big Profiles...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      featured image

      List of leading partners of Ripple, and How they use XRP?

      February 2, 2021
      Pi Network: Scam or Legit?

      Pi Network: Scam or Legit?

      April 30, 2021
      Top 15 NFT influencers on Twitter you should follow right now

      Top 15 NFT influencers on Twitter you should follow right now

      September 28, 2021
      Top 7 Solana NFT Projects to get into right now

      Top 7 Solana NFT Projects to get into right now

      September 12, 2021
      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      May 27, 2021
      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      May 29, 2021
      featured image

      List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

      February 2, 2021
      Magic Square Integrates With deBridge

      Magic Square Integrates With deBridge

      May 24, 2022
      DCAProfit Releases A New DCA Calculator Supporting Dozens Cryptocurrencies And DJIA Performance Comparison

      DCAProfit Releases A New DCA Calculator Supporting Dozens Cryptocurrencies And DJIA Performance Comparison

      May 19, 2022
      The Sandbox Game Beginner Guide: How to buy land in Sandbox Metaverse

      The Sandbox Game Beginner Guide: How to buy land in Sandbox Metaverse

      May 18, 2022

      Terra Protocol (LUNA) Collapse Resembles 08’ Financial Crisis, Caused by Lehman Brothers

      May 12, 2022
      Is it Worth buying Luna under five dollar

      Is it Worth buying Luna under five dollar

      May 11, 2022
      NFTWorlds: How to make money playing Minecraft

      NFTWorlds: How to make money playing Minecraft

      April 25, 2022
      Moonbirds NFTs Hit 20 Eth Floor Price in 2 Days, Collecting Over 66 Million in Initial Capital

      Moonbirds NFTs Hit 20 Eth Floor Price in 2 Days, Collecting Over 66 Million in Initial Capital

      April 19, 2022
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        29534 shares
        Share 11802 Tweet 7377
      • A Mysterious Bitcoin Whale who sold 3000 Bitcoins at 58K$, Bought back 3521 Bitcoins in the last three days

        9899 shares
        Share 3958 Tweet 2474
      • Top 10 Low market cap altcoins to invest in 2021

        7214 shares
        Share 2884 Tweet 1803
      • Top 10 NFT Crypto Projects You Should Know

        7219 shares
        Share 2599 Tweet 1625
      • List of leading partners of Ripple, and How they use XRP?

        5340 shares
        Share 2136 Tweet 1335
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • Bitcoin
      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.