What is The Graph? All About GRT Token
The Graph is a crucial component in the overall Crypto ecosystem.
Let’s explore more details about The Graph project with AZCoin today.
The Graph is a decentralized protocol that organizes blockchain data. This allows users to access blockchain data conveniently, easily, and more efficiently. Due to its indexing and data querying features, The Graph is often compared to Google for the Blockchain network.
Up to now, the transparency of blockchain technology has often been praised. However, despite containing a wealth of valuable data, querying them to find specific information is not easy, similar to “the Web without Google.” There are currently many analytical tools that can extract useful information from blockchain data.
However, these applications often operate in a centralized manner and may take months to develop. Therefore, The Graph was created, seeing itself not as a competitor to these tools but as a supportive application for them. The Graph can be seen as an open data layer in the blockchain ecosystem.
The Graph develops a protocol that allows users to access and build APIs, also known as SubGraphs. It retrieves data from blockchain networks starting with Ethereum and reorganizes it in its own structure. Data retrieval is done using the GraphQL method, a popular approach used by big companies like Facebook, Pinterest, Shopify.
Additionally, The Graph aims to create a platform with multiple Nodes, where users can register to build The Graph Node, reducing data retrieval time and making it more convenient for the community.
Indexers are node operators in The Graph network who stake GRT tokens to provide Indexing and Query Processing services. They receive Query fees and Inflation rewards.
Curators are SubGraph developers, data consumers, or community members who organize data and signal to Indexers which APIs should be indexed by The Graph network. From this, they can earn GRT tokens.
Delegators are individuals who want to contribute to securing The Graph network but may not want to or know how to code like Curators or Indexers. They can delegate their GRT tokens to Indexers to share rewards.
Consumers are end users of The Graph who use the query data services provided by Indexers. The fees they pay are shared proportionally among Indexers, Curators, and Delegators.
GRT is a token in The Graph ecosystem, used for the purpose of:
The GRT tokens were distributed as follows:
Public Token Sale
The Graph’s GRT token is available for public sale on the TheGraph website on the Ethereum blockchain on October 22, 2020, at 11pm. Registration for the sale opened on October 15, 2020.
The Graph’s investor base is equally impressive, with strong backing from several established organizations and product users. These include Coinbase Ventures, ParaFi Capital, and Multicoin Capital, among others.
Currently, there are several ways to acquire GRT tokens:
GRT is currently traded on multiple exchanges with a daily trading volume of approximately $72 million. Exchanges that list GRT include Binance, Coinbase, OKX, Kraken, AAX, and MEXC Global.
Check out the best crypto exchanges 2024 to choose the right platform for trading GRT tokens or other coins like bitcoin cash, litecoin,…
As GRT is an ERC20 token, it can be stored in wallets that support this standard, such as: Metamask, Myetherwallet, Trust Wallet,…
Through this article, you have gained some basic information about the project to make your own investment decisions. To ensure a secure investment, review the Evaluation Process on AZCoin. We wish you success and hope you make a lot of profit from this potential market.
Tôi là Tony Vu, sinh sống tại bang Califonia, Hoa Kỳ. Tôi hiện đang là đồng sáng lập công ty AZCoin, với kinh nghiệm nhiều năm trên thị trường tiền điện tử, tôi hy vọng sẽ mang lại cho bạn những thông tin kiến thức hữu ích về đầu tư tiền ảo.
Email: vusinh@azcoin.com
This post was last modified on 3 Tháng Bảy 2024 03:43
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