Buy The Graph in Australia

Buy Graph (GRT): What is Graph and why buy The Graph in Australia? This is a complex one to explain, so stay with us.

Firstly, The Graph is an indexing protocol. Here’s what that means. Imagine The Graph as a bridge connecting developers to blockchain data.

Instead of developers having to set up their own data servers or sift through a huge pile of data, The Graph does the heavy lifting for them. It’s like having a librarian organise all the books in a library so that anyone can find the right information quickly.

What are Subgraphs?

Think of subgraphs as specialised search engines for blockchain data. Developers create these subgraphs to focus on specific topics, like smart contracts, tokens, or other entities on a blockchain.

For example, let’s say we have a DeFi (Decentralised Finance) subgraph. It would index data from various lending protocols, token swaps, and liquidity pools.

The Graph helps developers find the information they need without getting lost in the data jungle.

Subgraphs are like targeted search engines that organise and serve up relevant data slices. The Graph is all about making blockchain data more accessible and user-friendly.

Where is The Graph used?

The Graph originally focused on the Ethereum blockchain, but it has since expanded to support multiple blockchains, enhancing its interoperability within the blockchain ecosystem. This broadens the use cases for The Graph, allowing a wider range of decentralised applications (dApps) to benefit from its data indexing and querying capabilities.

How Does The Graph Work?

Creating subgraphs

Developers create subgraphs using The Graph’s tools. They define which data they want to index (e.g., events emitted by specific smart contracts).

Once a subgraph is created, it starts indexing data from the blockchain.

Indexing data

Indexers (participants in The Graph Network) process and index blockchain data according to the subgraph’s rules.

Indexers store this indexed data in a decentralised manner, ensuring high availability and resilience.

Querying data

Developers and applications query subgraphs using GraphQL. GraphQL allows precise and efficient data retrieval.

For example, a DeFi app might ask a subgraph to fetch the latest token prices, liquidity pool details, or historical transaction data.

Why Would Someone Want to Buy GRT?

Speculation

Some people buy The Graph for speculative reasons. As of time of writing (May 2024) the all-time-high price was US$2.84, in February of 2021. The all-time low price was US$0.05 in November 2022. At the time of writing, the price is US$0.28.

Data Access:

Developers building decentralised applications (dApps) need reliable and efficient access to blockchain data.

By holding GRT tokens, users can participate in the network and support the indexing of valuable subgraphs.

Staking and earning rewards

GRT holders can stake their tokens to become Delegators or Curators.

Delegators support Indexers by staking GRT, and in return, they earn a share of the rewards earned by the Indexers.

Curators identify useful subgraphs and signal their importance by staking GRT. Successful subgraphs attract more queries and generate rewards.

Network growth and governance

The Graph community actively participates in governance decisions. Holding GRT allows users to vote on proposals, shaping the protocol’s future.

Conclusion: Buy The Graph

In summary, The Graph provides a crucial infrastructure layer for Web3 applications. This makes blockchain data accessible, reliable, and efficient. Whether you’re a developer or simply a crypto enthusiast, The Graph is worth looking into.

How to Buy The Graph with CoinJar

Sign Up to CoinJar: First, download the CoinJar app on your iOS or Android device. Create an account and verify your ID. This process usually takes just a few minutes.

Deposit Funds: Transfer funds from your bank account to CoinJar using bank transfer, PayID, or Osko. This step ensures you have AUD (Australian Dollars) available for purchasing crypto.

Buy The Graph: Once your funds are in CoinJar, you’re ready to buy. Choose The Graph (GRT) from the list of available cryptocurrencies.