Covalent, the indexing solution provider for Blockchains, is joining hands with zkSync to expand the data reach and make the life of developers easy by providing top-quality integrated data. This new integration is designed to provide an unparalleled API that can bring complete transparency throughout the zkSync.
The best form to raise the solution inheriting the security of the L1 is zkSync 2.0. The tool increases computing by using zero-knowledge proofs: one node computes transactions and generates a proof, which the other nodes trustless check, saving time.
Certain transaction data is presented on Ethereum to restore the condition of the zkSync network. Since the resources used in Ethereum are quite expensive to get, zkSync developed zkPorter, acting as an extension that allows data to be uploaded off-chain and protected by token stakes via the proof-of-stake (PoS) method.
The complete power of zkSync 2.0 resides in the composability of zkPorter and zkRollups, allowing Uniswap to settle on zkRollups to get the complete security of Ethereum. This new product is a new-age tool enabling zkSync 2.0 to support different users using one system. Developers will receive data from the zkSync mainnet by using the unified API and modifying the chained option.
About Covalent
Covalent uses the big-data tools for creating meaning out of data that are in billions and delivering insights to help investors in many ways. The tool also helps developers to segregate available resources to reach goals within the organization. Covalent gathers data from multiple sources, including chains, data feeds, and nodes, rather than from fewer chains. End-users may then get customized data, which includes the latest and previous investment data throughout different digital assets. Covalent provides this information in a timely manner, combining all pertinent information into a single API interface.
About zkSync Protocol
As a ZK Rollup, zkSync is the level-2 scaling product reserving all security properties by using the latest too and zero-knowledge proof. It is a roll-up for smart contracts reserving EVM- composability. Presently, there are around 150 registrations coming from NFT, DAOs, On-Ramps, Data Analytics, and others.