{"id":583,"date":"2021-06-01T10:33:55","date_gmt":"2021-06-01T10:33:55","guid":{"rendered":"https:\/\/deficoins.io\/?page_id=583"},"modified":"2021-06-01T10:33:55","modified_gmt":"2021-06-01T10:33:55","slug":"the-graph-review","status":"publish","type":"page","link":"https:\/\/deficoins.io\/review\/the-graph","title":{"rendered":"The Graph Review: Why Should You Invest in GRT"},"content":{"rendered":"
The Graph is a Distributed Ledger Technology that facilitates the smooth flow of data from one blockchain to another. Also, The Graph enables dApps to utilize data from other dApps and send data to Ethereum<\/a> via smart contracts.<\/p>\n The protocol provides the platform where many projects and blockchains can get the data for operational processes. Before the launch of The Graph, there was no other API facilitating indexing and organizing data querying in the crypto space.<\/p>\n Due to the novelty and benefits of this platform, there was a rapid adoption leading to billions of queries in just one year after the launch.<\/p>\n The Graph’s API is cost-efficient, secure, and easy to use. The top DeFi platforms such as Aragon, DAOstack, AAVE, Balancer, Synthetix, and Uniswap are all using The Graph to meet their data needs. Numerous dApps are using the public APIs known as \u201csubgraphs\u201d\u00a0 while others function on the mainnet.<\/p>\n The private sale for The Graph token amounted to $5 million, while the public sale raised $12 million. Some of the companies that funded the private sales include Digital Currency Group, Framework Ventures, and Coinbase Ventures. Also, Multicoin Capital invested $2.5 million into The Graph.<\/p>\n Nodes keep The Graph mainnet running. They also make the environment conducive for both developers and decentralized applications.<\/p>\n But other players like the delegators, indexers, and curators, rely on GRT tokens to join the marketplace. GRT is The Graph\u2019s native token that facilitates the allocation of resources in the ecosystem.<\/p>\n Contents<\/p> After a first-hand experience with difficulty in creating new Dapps on Etheruem, Yaniv Tal got a special inspiration. He desired to create decentralized indexing and querying application since there was none at the time.<\/p>\n This burden propelled him to carry out several works that target developer tools. Through his research, Tal came in contact with Jannis Pohlmann and Brandon Ramirez, who have similar visions. The trio later created The Graph in 2018.<\/p>\n After the creation, The Graph was able to generate a sum of $19.5 million during the token (GRT) sale in 2019. Also, in October 2020, public sales, Graph generated over $10 million.<\/p>\n The Graph experienced a great swing in the crypto world when the Tal team made a full launch of the protocol in 2020. Having the mainnet to decentralize Dapps use completely, the protocol brought an increase in the quantity of subgraph generation.<\/p>\n With the optimum goal of providing accessibility of web 3 to users, the Graph will facilitate Dapps formation by eliminating any centralized authority.<\/p>\n The network uses diverse blockchain technology plus other enhanced indexing protocols to ensure efficient querying data. It also depends on GraphQL tech to make sure that each API contains well-described data. There is also the \u201cGraph explorer\u201d that enables users to perform quick scans of the subgraphs.<\/p>\n Developers and other network participants build subgraphs for different decentralized apps through the open APIs. The APIs also serves as a platform where users can send queries, index, and collect data.<\/p>\n Graph nodes on the Graph help scan databases exiting on the blockchain for solutions to queries sent to the subgraphs.<\/p>\n For developers or other users that create subgraphs, the network collects payments in GRT tokens from them. Once a developer indexes data, they’re in charge of it and will specify how the Dapps will use the data.<\/p>\n The indexers, delegators, and Curators all work together to keep the platform running. These participants provide the curating & data indexing that Graph users need and pay for with GRT tokens.<\/p>\n Some of the features that facilitate the process in the ecosystem include:<\/p>\n Subgraphs facilitate the operations of the Graph. They are responsible for defining the data to be indexed from Ethereun and how to store it. The Graph allows developers to build & publish diverse APIs, which are then grouped to form subgraphs.<\/p>\n Presently, The Graph contains more than 2300 subgraphs, and users can access the subgraph data through GraphQL API.<\/p>\n Nodes also help to facilitate the operations of the Graph. They locate important information to answer the subgraph questions. To achieve this, the nodes perform scans on the blockchain database to pick the relevant data matching the users’ queries.<\/p>\n There is a Subgraph Manifest for every subgraph on the network. This Manifest describes the subgraph and contains important information about blockchain events, smart contract,s and mapping procedures for event data.<\/p>\n The Graph\u2019s native token is GRT. The network relies on the token to conduct its governance decisions. Also, the token facilitates the seamless transfer of value all over the world.\u00a0 On the Graph, users earn their rewards in GRT. Investors holding the token also have some extra rights apart from the rewards they earn. The maximum supply of the GRT token is 10,000,000,000,<\/p>\n Graph’s foundation aims to facilitate global adoption of the network. It also aims at accelerating the innovation of the network by funding networks and products using the ecosystem. They also have Grant programs that contributors can apply to for grants. Any project that the Foundation finds exciting and sustainable gets grant allocations and project funds. The Graph provides funds to the\u00a0 Foundation by assigning 1% of all fees on the network to it.<\/p>\n For now, the network utilizes its Council for decisions concerning its future development. However, they’ve decided to adopt the decentralized governance approach to network governance soon. According to the team, they\u2019ll soon be launching a DAO. Through all these developments, the Graph users can participate in votings to decide on changes occurring in the ecosystem,<\/p>\n The graph uses an indexer node to maintain every indexing function that occurs on the protocol. Through the actions of the indexers, curators can quickly locate the subgraphs that have the information that can be indexed.<\/p>\n The Graph arbitrators are the observers of the Indexers to identify the malicious ones. Once they identify a malicious node, they\u2019ll remove it immediately.<\/p>\n Users of the Graph GRT can stake it for passive rewards. Also, they can delegate the token to indexers and also earn rewards from the nodes.<\/p>\n These are nodes in the Graph that ensures the accuracy of all the responses provided for the users’ queries.<\/p>\n The Graph uses the proof of stake mechanism to carry out its operations. This is why there\u2019re no mining activities on the network. What you will find are delegators that stake their token to indexers who operate the nodes.<\/p>\n For their staking activities, these delegators receive rewards in GRT tokens. As a result, they’re incentivized to participate more in the network. This process results in a more operational and secured Graph Network.<\/p>\n The value of the Graph is characterized by the market value of its tokens and the features it offers to its user’s. Some of the conditions that add value to the Graphs are stated below:<\/p>\n The purchase of the Graph token GRT is very simple and easy. Some platforms are readily available to make your purchase of GRT. Some of them include<\/p>\n Kraken \u2013 most appropriate for U.S. residents.<\/p>\n Binance \u2013 Most appropriate for residents in Canada, Australia, the UK, Singapore, and other parts of the world.<\/p>\n These three steps are involved in making your purchase of GRT:<\/p>\n There are several means available for you to make your payments when you buy GRT. This can also be dependent on the particular platform you are using for the purchase. Some of the payment means include Skill, Visa, PayPal, Neteller, etc.<\/p>\nHistory of The Graph (GRT)<\/strong><\/span><\/h2>\n
How Does The Graph Work?<\/strong><\/span><\/h2>\n
Features of The Graph Ecosystem <\/strong><\/span><\/h2>\n
Subgraphs<\/span><\/h3>\n
Graph Node<\/strong><\/span><\/h3>\n
Subgraph Manifest <\/strong><\/span><\/h3>\n
GRT<\/strong><\/span><\/h3>\n
The Foundation<\/strong><\/span><\/h3>\n
Governance <\/strong><\/span><\/h3>\n
Curators and Indexers<\/strong><\/span><\/h3>\n
Arbitrators<\/strong><\/span><\/h3>\n
Staking and Delegators <\/strong><\/span><\/h3>\n
Fishermen <\/strong><\/span><\/h3>\n
\u00a0Proof of Stake<\/strong><\/span><\/h2>\n
What Makes The Graph Unique?<\/strong><\/span><\/h2>\n
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What Gives The Graph Value?<\/strong><\/span><\/h2>\n
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How to Buy The Graph (GRT)<\/strong><\/span><\/h2>\n
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