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Why is Chainsight needed?
Blockchains are state machines and are not designed to handle large amounts of data. DApps running on the blockchain are basically designed to be simple state management. This is quite straightforward in designing the protocol. However, it is difficult when trying to develop slightly more complex applications. As a result, the future that World Computer originally envisioned, where any kind of applications keep working sustainably, has not yet arrived.
Chainsight: Data Processing Layer
Chainsight provides a data processing layer to develop applications that go one step ahead. It is an extension layer that leverages historical data, constantly updated data, and cross-chain data to compute the information you need for your application. A user can use a privacy layer for sensitive transactions, a scaling layer for high-volume transactions, and a data processing layer for computation with large amounts of data. With Chainsight, on-chain applications will be able to address more use cases that were previously difficult to achieve.