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Have you ever wondered when all the applications we use will be blockchain-based and decentralized? Why hasn’t this day come yet?
In fact, the majority of DApps can be slower and lack the functionality that the public is accustomed to. Most current blockchain-related technologies cannot scale to the levels required for large applications like social networks, web apps, IoT providers, etc.
However, there is a component of the development stack that programmers frequently ignore but that will inspire the subsequent wave of decentralized applications and possibly speed up mass adoption.
What is an indexing solution, and who is it for?
Consuming relevant and concise data is critical for almost any web application. The same is true for decentralized applications, DeFi and NFT applications which are built on the blockchain and use it as the primary source of information.
They necessitate on-chain indexing – which is not a system but rather a database optimization process that reduces the number of disk accesses required during query processing. Simply put, indexing is a data structure technique used to quickly locate and access data stored in a network’s base.
It gives users access to portfolio aggregators, TVL dashboards, wallet profiling and other features. However, unlike traditional data storage systems, some aspects of blockchain make data querying time-consuming and painfully difficult.
Individual projects that want to challenge the history of the blockchain and build useful data points for their apps must pay a high price and require extra computing power.
Why have centralized indexing solutions become outdated
When blockchain applications and the technology were in their early stages, a centralized indexing solution may have sufficed. But as new features were added, it became clear that centralized indexing solutions limited application capacities and required extra expenses and energy.
Furthermore, the…
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