GraphLinq Teams Up with Polygon for Layer 2 Solutions

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GraphLinq Teams Up with Polygon for Layer 2 Solutions

Apr 14 2021

In brief

  • GraphLinq is a project that offers an advanced and extremely simple solution for blockchain development.
  • The company offers a variety of benefits, including its token, GLQ, but also visual building, nodes linking, and more.
  • Recently, the firm teamed up with Polygon, formerly Matic, to introduce Layer 2 solutions and reduce fees.

GraphLinq, a company that offers a no-code protocol for easy and quick blockchain development, recently announced a number of important moves, including the partnership with Polygon.

With crypto and blockchain industries exploding, the development of these technologies is advancing faster than ever, and so is their adoption. In due time, the world will switch to the blockchain completely, regardless of whether crypto will end up replacing fiat money or not. But, for the adoption of blockchain to truly progress, the blockchain industry needs advanced tools that will make handling data simple, and more importantly — automated.

This is something that the GraphLinq project is trying to achieve.

What is GraphLinq?

GraphLinq is a project that offers a no-code protocol for blockchain development. Essentially, its goal is to enable automation of DeFi data monitorization and external executions over multi-chain applications.

What this means is that the project aims to offer its users the ability to create powerful crypto tools, that would allow them to create the equivalent of hundreds of lines of code in mere seconds. Users would not have to spend days or even weeks writing code — they could simply drag-and-drop blocks, and that would be the end of it.

Furthermore, most operations on the project would cost only a fraction of a GLQ, so users would be able to save up significant amounts of money. And, finally, they would be able to run transactions on blockchain triggered by events, make call exchange API to request to create trade orders, and more.

How can You Use GraphLinq?

Sample graph on the GraphLinq development interface.

In essence, the project will allow users a variety of benefits. For example, they will be able to build visually with nodes, with a node being a block that works as a self-contained piece of functionality. Users will also be able to provide input for the nodes, which would accept values to be processed. There is also an output, that will produce results. Essentially, linking these inputs and outputs will establish a path for the data to travel, and so one node would be able to send data to the next one, easily.

Deploying Graphs and reaching most other functionalities will be simple from the GraphLinq interface. The project also allows users to create and share their Graph templates, and let’s not forget the GLQ token, which will allow users to run a Graph on the project’s testnet or mainnet, and execute various processes.

GraphLinq’s Recent Developments

Recently, the project announced its partnership with Polygon, previously known as Matic, for Layer 2 solutions. This will help the project reduce gas fees. The project also managed to create GLQ/WETH pool on Smartdex, and it updated its IDE to a new version — v1.0.7, which brought improvements to the user interface, autosave feature, numerous bug fixes, and updates for terminal and toolbox.

All in all, the project is advancing nicely, with plenty of new developments, strategic partnerships, and a lot more in store for the future.