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 .
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.
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.
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.
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.
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.
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.
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.
Some people buy The Graph for speculative reasons. As of time of writing (May 2024) the 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.
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.
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.
The Graph community actively participates in governance decisions. Holding GRT allows users to vote on proposals, shaping the protocol’s future.
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.
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The Graph makes blockchain data accessible through subgraphs. It acts as the bridge between developers and the data stored on blockchains.
You don't need trading experience to trade The Graph on cryptocurrency exchanges. You can download the CoinJar app, verify your ID, transfer Australian dollars into your account, and then start trading.
Developers create subgraphs, which are specialised search engines for specific data on the blockchain.
Node operators index data from Ethereum, IPFS, and POA networks.
Applications query subgraphs using open APIs called subgraphs (powered by GraphQL).
Brandon Ramirez serves as the project lead, overseeing its development and growth.
Yaniv Tal is the co-founder and research lead at The Graph. His expertise contributes to the project’s success.
The Graph network currently has over 200 indexer nodes that process and index data.
The Graph indexes blockchain data from Ethereum, IPFS, and POA networks, making it accessible for developers.
When developers query subgraphs, they pay query fees to the indexers who provide the data.
The circulating supply refers to the number of GRT tokens actively traded in the market.
GRT enables efficient data access for decentralised applications, supporting the growth of the broader Web3 ecosystem.
The Graph has a global community, including developers, curators, and delegators who actively participate in governance decisions.
The 24-hour trading volume represents the total value of GRT tokens traded within a day.
Developers use GraphQL to query subgraphs and retrieve specific information from the blockchain.
The market capitalisation (market cap) of The Graph represents the total value of all GRT tokens in circulation. It’s calculated by multiplying the current price of GRT by its circulating supply.
The Graph’s indexing process involves creating subgraphs, which organize and index blockchain data from Ethereum, IPFS, and POA networks.
Developers and applications then query these subgraphs using GraphQL, allowing precise and efficient data retrieval.
The 24-hour trading volume indicates the total value of GRT tokens traded within a single day. It reflects the liquidity and activity in the GRT market.
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