Lack of proper indexing is slowing DApp speeds – Pangea CEO
Decentralized applications (DApps), also known as Web3 applications, tend to be slower than their Web2 counterparts because they must organize blockchain data from multiple sources.
Maxim Legg, CEO of Pangea – a decentralized indexing solution – fixes the speed bottleneck for Cointelegraph's data index for Web3 applications.
Legg says RPC nodes, smart contracts, and other blockchain infrastructure data can be hundreds of terabytes on large chains. Indexing is the process of organizing this raw blockchain data in a way that can be better remembered later. The CEO told Cointelegraph:
“This is not something you want your developers to deal with. This is a real infrastructure problem. It can be solved once. It doesn't need to be solved individually by every single DApp developer.”
Unfortunately, many Web3 developers are forced to build in-house indexing solutions, which are inefficient, overly complex and time-consuming to develop, Legg said.
Diagrams that affect blockchain data latency. Source: Pangea
Related: Layer-2 Networks Need Decentralized Series – Metis Co-Founder
Consumption is set to increase dramatically.
The higher the blockchain's throughput – a figure measured in transactions per second (TPS) – the more onchain data the blockchain generates for the DApp to interact with that chain.
In October, Ethereum founder Vitalik Buterin outlined goals for scaling Ethereum's base layer and layer-2 scaling solutions to process more than 100,000 transactions per second.
The goals outlined by Buterin on the Ethereum roadmap also include increasing interoperability between Ethereum and multiple Layer-2 networks.
Starkware CEO Ben Sasson told Cointelegraph at the DevCon 2024 conference that Starknet — Ethereum's layer-2 scaling solution — will deliver 4x TPS within three months and rival Solana's network throughput.
Layer-2 solution ZKsync is looking at higher throughput as part of its goals. According to the project's roadmap, the developers want ZKsync to grow to 10,000 TPS by 2025 and lower transaction fees to $0.0001.
Solana's non-voting rate is currently in the 800 to 1,050 TPS range. Solana's high production and monolithic design features attracted the attention of the developer – making it the highest ecological standard for development in 2024.
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