CORE

Core DAO Integrates Firehose to Boost DeFi Ecosystem with Faster Data Extraction

by BSC News

September 12, 2023

chain

Core DAO’s Firehose integration will enable developers to extract blockchain data quickly, increasing the efficiency of the blockchain applications they build.

Summary 

  • Core DAO integrates with Firehose to speed up data extraction, enhancing its Layer One blockchain protocol and boosting its DeFi ecosystem.
  • The Firehose technology lets developers quickly pull blockchain data using Subgraphs, significantly increasing application efficiency.
  • Firehose, a component of StreamingFast’s open-source blockchain technologies, uses a files-based and streaming-first approach for more effective data processing.

Core DAO, an increasingly popular name in the Decentralized Finance (DeFi) sector, appears to be making waves with its recent announcement. The platform has integrated Firehose, a groundbreaking technology for extracting blockchain data, into its Layer One blockchain protocol. 

The Firehose integration is a game-changer for developers building on the Core DAO platform. It enables them to quickly extract blockchain data using Subgraphs, which streamlines data retrieval. In simpler terms, developers can now access the information they need more rapidly, increasing the efficiency of their applications.

Firehose is part of StreamingFast's suite of open-source blockchain technologies. Unlike traditional data extraction methods, Firehose takes a files-based and streaming-first approach. This setup enables faster processing of blockchain data, which is crucial for developers who need real-time information for their applications.

How Firehose Works

According to Firehose documentation, it extracts data directly from blockchain nodes. Not only does it extract data efficiently, but it also consumes, processes, and streams the information to nodes running Firehose-enabled client software. This streamlining process substantially boosts data availability speed and performance for Core DAO.

“Firehose is responsible for extracting data from blockchain nodes in a highly efficient manner. Firehose also consumes, processes, and streams blockchain data to consumers of nodes running Firehose-enabled, instrumented blockchain client software,” the document about Firehose blockchain data extraction read. 

Solving Real-World Problems

Firehose was born out of the need to solve problems in deployed, real-world applications that faced delays and performance issues in data extraction. 

“Firehose was created to increase the speed and performance of blockchain data extraction from problems encountered in deployed, real-world applications,” the document wrote. 

Its integration into Core DAO is a step toward resolving these issues and setting a new standard for data extraction in the blockchain world.

By offering developers a faster and more efficient way to extract data, Core DAO aims to attract more developer talent to its platform, thereby expanding its footprint in the growing DeFi space.

Core DAO's integration with Firehose could hint at a new era of speed and efficiency in blockchain data extraction. 

What is Core DAO? 

Core DAO Network is a new Layer One blockchain project, backed by the Satoshi Plus Consensus mechanism, which aims to solve the blockchain Trilemma—Scalability, Security, and Decentralization. The project is new after launching mainnet in early 2023. 

Core DAO is EVM-compatible, looking to provide the ability to migrate and deploy contracts and dApps or transfer tokens between chains. The protocol is backed by its native $CORE token. As with any crypto asset, $CORE is volatile and carries risk. Users should undertake their own thorough research before investing in $CORE or interacting with its Layer One ecosystem.

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article

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