Introducing The Graph, the decentralized Google of Blockchains

in LeoFinance3 years ago

Doing some research in the last few days I just stepped into one of the most interesting projects in the crypto universe at the moment: The Graph and its token GRT.

I discovered this project thanks to the launch, almost at the same time, of two different token distribution projects, one on Coinbase and the other one on Coinmarketcap. Campaigns are still live I guess.

After earning my very firsts GRT, I went a little bit deep to understand what the projects was about. I was immediately impressed by the vision of this project, which literally put blockchains on another level.

The basic idea is to build a decentralized open source protocol for indexing blockchain data into open and accessible APIs called subgraphs. Which means, basically, build an extremely powerful tool to let different blockchain communicate and work toghether.

One of the main the problem with blockchain right now is that for every specific use there's a specific blockchain: every project developed his own blockchain, with his own characteristic and limits. But what if they could communicate?

Immagine 20210109 141428.jpg


Subgraphs can be composed into a global graph of all the world's public information. This data can be transformed, organized, and shared across applications for anyone to query with just a few keystrokes

In one of the video on the Coinmarketcap lesson, The Graph is presented as the Google of blockchains. Just like Google indexes the web, The Graph indexes blockchain data from different networks. It then groups this data into open APIs called subgraphs.

Immagine 20210109 141319.jpg

GRT Token

The platform has his own token, GRT, which is used to reward Curators and Indexers that work to organize the blockchain data. From what I understand, Curators can stake GRT to signal quality and integrity of subgraphs, and they receive a curation share in exchange.

The total initial supply of $GRT is 10 billion.

The Graph (GRT) is an ERC-20 token built on top of the public Ethereum blockchain.

If you want to know a little bit more I found a short but very comprehensive guide here, or you can watch the video above

Do you guys know any other project with such a big vision?

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