Today we will talk about: The Graph (GRT)!
In the last token review, I talked about Tezos. If you missed my last crypto analysis, you can recover it below.
OVERVIEW
To date, the cryptocurrency sector counts the presence of thousands of tokens, which in turn are associated with thousands of ecosystems. Among them, it is also possible to identify the cryptocurrency The Graph.
What is it exactly? What is it based on? More importantly, what is the purpose of its associated ecosystem?
These are just some of the main questions that we will address during our study. Before starting, we would like to remind you that The Graph is the ecosystem of reference, i.e. the platform at the base of the project's functioning.
As for the token, it takes the name of GRT and can be considered a crypto asset in all respects, with its own value and trend.
Starting from the Token, The Graph cryptocurrency (GRT) is part of the Ethereum Token type and plays a crucial role within The Graph ecosystem. The latter is considered a real protocol of last generation, obviously decentralized and therefore without a centralized and private proprietary system. In recent times it has been able to extend its community, taking advantage of the potential of the protocol and its own technologies. But what exactly is The Graph for? The protocol is fully focused on indexing and querying data in blockchain technologies.
The indexing of specific data, with respect to networks such as Ethereum, is then associated in APIs. All interested parties, such as experts and programmers, have the possibility to create APIs based on their own needs and requirements (i.e. Application Programming Interfaces), to allow interactions between different projects, all in a live and controlled way.
The Subgraphs (as they are called within the ecosystem) launched to date have been over 2300. The Graph platform can count on the presence and partnership of many other noteworthy ecosystems, such as:
The GRT token plays a pivotal role in The Graph and is also a valuable tool for rewards on staking and is a true crypto asset with its own performance.
Who are the founders of The Graph?
The Graph team includes professionals from the Ethereum Foundation, OpenZeppelin, Decentraland, Orchid, and MuleSoft. They have led the IPOs and acquisitions of Salesforce, Puppet, Redhat, and Barclays.
The original co-founding team included Yaniv Tal (project leader), Brandon Ramirez (research leader), and Jannis Pohlmann (technical leader). The founders have an engineering background and have worked together for 5-8 years. Tal and Ramirez studied electrical engineering at the University of Southern California and worked together at MuleSoft, an API development tool company, which had an IPO and sold it to SalesForce.
They previously co-founded a development tool startup and spent a large part of their career optimizing the API stack. In their last venture, the founders built a custom framework on an immutable database called Datomic. Graph was born from this vision and aims to create immutable APIs and data access using the GraphQL query language.
After a little introduction about what The Graph is and who is behind the project, Now let's proceed with an in-depth look at the technical features: DEEPENING
DEEPENING
In the previous section (OVERVIEW) I introduced you The Graph (GRT) and I said that is the ecosystem of reference, i.e. the platform at the base of the project's functioning. The GRT token is part of the Ethereum Token type and plays a crucial role within The Graph ecosystem. The latter is considered a real protocol of last generation, obviously decentralized and therefore without a centralized and private proprietary system. In recent times it has been able to extend its community, taking advantage of the potential of the protocol and its own technologies.
Now we are going to introduce some new things about the Graph!
How does The Graph work?
The Graph project is to build a kind of marketplace for various blockchain data like Ethereum. All the data is grouped into open APIs called subgraphs and can be viewed using The Graph Explorer. Using The Graph Explorer, a Dapps developer can easily request the data they need using the GraphQL language.
When a developer makes a request for data, network nodes called Indexers search through the relevant subgraphs to find the requested information. Indexers choose which subgraphs to pull data from, based on signals provided by Curators, who are the ones who develop the various subgraphs and sort them by quality. Any analytics company can build an application to query the data from the subgraphs that are indexed by The Graph. Subgraphs are open APIs to be able to pull data from the blockchain in the easiest and most efficient way.
There are four different roles in The Graph ecosystem:
Anyone can delegate their GRTs to Indexers to keep the network secure and earn rewards.
What makes The Graph unique?
The Graph is committed to bringing reliable decentralized public infrastructure to the mainstream market. To ensure the economic security of The Graph network and the integrity of the data being queried, participants use GRT token. GRT is a work token that is locked by indexers, curators, and clients in order to provide indexing and curation services for the network. GRT will be ERC-20 tokens on the Ethereum blockchain, used to allocate resources in the network. Active Indexers, Curators and Delegators can earn income from the network that is proportional to the amount of work they perform and their GRT shares. Indexers get index rewards (new releases) and query fees, while curators earn part of the query fees for the subgraphs they signal. The principal earns a portion of the income earned by the indexer they delegate to.
The Graph is a very interesting protocol with enormous future potential. It could be the most important protocol in Web3 and become a major project. In addition, investors of the caliber of Coinbase certify the seriousness of the project.
With this article about The Graph we have discovered new things about this project.
Next week I’ll introduce you a new cryptocurrency!
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