The Covalent Blog | Covalent
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2021 annual report – fourth year in at Covalent
by on Jan 9, 2022

We started working on Covalent over 4 years ago. Looking back, we’ve never wavered in our resolve to build the best approach to understanding blockchain data. It’s gratifying to see the market starting to understand and appreciate our unique approach and philosophy. Here’s a letter I shared with our stakeholders highlighting the key moments that defined Covalent over the last twelve months.

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Covalent pledges $25M in funding to bring data verifiability to Web3
by ganesh on May 3, 2022

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Covalent pledges $25M in funding to bring data verifiability to Web3
by ganesh on May 3, 2022
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Klaytn-Covalent Unified Hackathon Applications Are Now Open! 🚀
by leilani on May 3, 2022

We’re excited to announce a joint Klaytn-Covalent Hackathon for Web3 developers building on the Klaytn network! The hackathon runs from May 12 to May 26 with $20,000 USD in bounty prizes. There will also be opportunities for developers who can’t commit to the full hackathon to participate in hackathon quizzes and challenges with a chance to win additional prizes. Register here now!

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Covalent Spotlights Use Cases with DEX Data
by leilani on Apr 19, 2022
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Quarter One Report 2022
by indi on Apr 13, 2022

Spotlight

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Open Sourcing a Critical Component of the Covalent Network: The Block Specimen
by niall on Jan 26, 2022

TL;DR:

  • Covalent is excited to ship 4 brand new products:
    • a new whitepaper specification for the “Block Specimen”, a novel invention to securely extract data from blockchains with cryptographic proofs
    • an open-source reference implementation of the Block Specimen (a set of patches atop the popular Ethereum client Geth)
    • the Covalent Network roadmap
    • a set of imagery as wallpapers to celebrate the Covalent Network progress
  • To date, no one has addressed the read scalability issue in Web3. The Block Specimen presents a unified, canonical schema that can be applied across multiple blockchains.
  • With the reference implementation now open-source, we expect to see broad adoption of the specification across blockchain ecosystems.
  • The first phase of the Covalent Network, which includes CQT single-sided staking, is expected to go live at the end of Q1 2022.

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