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Buy The Graph in the UK
The Graph
GRT
What is The Graph?
How to Buy Graph (GRT): Why do investors buy Graph? 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 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 (30 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 (30 May), the price was 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: Why investors buy The Graph
In summary, The Graph provides a crucial infrastructure layer for Web3 applications. This makes blockchain data accessible. Whether you’re a developer or simply a crypto enthusiast, The Graph could help in connecting to blockchain data.
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.
UK residents must complete an assessment and wait for 24 hours (see more details below).
Deposit Funds: Transfer funds from your bank account to CoinJar using bank transfer, PayID, or Osko. This step ensures you have GBP (Pounds Sterling) available for purchasing crypto.
How to buy The Graph: Once your funds are in CoinJar, you’re ready to buy. Choose The Graph (GRT) from the list of available cryptocurrencies.
Cash, credit or crypto?
Buy The Graph using Visa or Mastercard. Get cash in your account with Faster Payments Service (FPS). Convert crypto-to-crypto with a single click.How to buy The Graph with CoinJar
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Frequently asked questions
What is The Graph?
The Graph makes blockchain data accessible through subgraphs. It acts as the bridge between developers and the data stored on blockchains.
How does The Graph work?
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).
Who leads The Graph project?
Brandon Ramirez serves as the project lead, overseeing its development and growth.
What is the role of Yaniv Tal?
Yaniv Tal is the co-founder and research lead at The Graph. His expertise contributes to the project’s success.
How many indexer nodes does The Graph have?
The Graph network currently has over 200 indexer nodes that process and index data.
What data does The Graph index?
The Graph indexes blockchain data from Ethereum, IPFS, and POA networks, making it accessible for developers.
What are query fees for subgraphs?
When developers query subgraphs, they pay query fees to the indexers who provide the data.
What is the circulating supply of GRT tokens?
The circulating supply refers to the number of GRT tokens actively traded in the market.
How does GRT contribute to the broader Web3 ecosystem?
GRT enables efficient data access for decentralised applications, supporting the growth of the broader Web3 ecosystem.
What is the global community’s role in The Graph?
The Graph has a global community, including developers, curators, and delegators who actively participate in governance decisions.
What is the 24-hour trading volume for GRT?
The 24-hour trading volume represents the total value of GRT tokens traded within a day.
How does querying data work on The Graph?
Developers use GraphQL to query subgraphs and retrieve specific information from the blockchain.
What is The Graph’s Market Cap?
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.
How does The Graph handle Indexing and Querying?
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.
What is the Trading Volume for 24 hours of GRT?
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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