What is the Future of Graph? (GRT)

What is the Future of Graph in this guide? We will answer questions such as who created it, what is its features and project.

Graph is open source software used to collect, process and store data from various blockchain applications to facilitate information retrieval.

Graph Network, also known as “Graph”, allows users to create APIs known as subgraphs to allow applications to talk to each other and also makes query networks fast and secure.

Technically speaking, Graph is a decentralized query protocol built for use with blockchains. More specifically, it works with Ethereum and the Interplanetary File System (IPFS) to make it easy for users to create and publish APIs or application program interfaces. Applications built on Graph do not need a central server.

What is the Future of Graph? (GRT)
What is the Future of Graph? (GRT)

What is Graph (GRT) Coin?

Graph is open source software used to collect, process and store data from various blockchain applications to facilitate information retrieval.

Originally launched on the Ethereum blockchain, The Graph’s mission is to help developers use relevant data to improve the efficiency of their decentralized applications (dApps).

Graph analyzes and aggregates blockchain data before storing it in various indices called Alt Graphs, allowing any application to send a query to its protocol and get an instant response.

Queries are created by dapps via GraphQL, a widely used language originally created by Facebook to collect data for a user’s news feed.

Users of the Graph, called indexers and agents, who provide services to the network, help process data and communicate it to end users and applications.

Graph’s native cryptocurrency, GRT, is used to ensure the integrity of data secured within its network. To fulfill their role, the indexer, curator, or any other authorizing user must bet on GRT and receive fees from the network in return.

Graph is used by popular Ethereum dApps like Aave, Curve, and Uniswap. Users who want to stay in touch with The Graph’s current development can bookmark their official blog for up-to-date details.

Who Founded Graph?

The Graph team includes professionals from the Ethereum Foundation, OpenZeppelin, Decentraland, Orchid, MuleSoft leading up to the IPO and acquisition by Salesforce, Puppet, Redhat and Barclays.

The initial co-founding team includes Yaniv Tal (project lead), Brandon Ramirez (research lead) and Jannis Pohlmann (tech lead).

The founders have engineering backgrounds and have worked together for 5-8 years. Tal and Ramirez studied electrical engineering at USC and worked together at MuleSoft, an API developer tools company that underwent an IPO and sold to SalesForce.

They previously co-founded a developer tools startup together and have spent a significant portion of their careers working to optimize the API stack. At their last startup, the founders built a custom framework on an immutable database called Datomic. The Graph was born from this vision to create immutable APIs and data access, using the GraphQL query language.

What is the Future of Graph? (GRT)
What is the Future of Graph? (GRT)

How The Graph Works

Graph’s first step towards collecting data takes place via Graph nodes, which continuously scan network blocks and smart contracts for information.

When an application adds data to the blockchain via smart contracts, the Graph node adds data from these new blocks to its appropriate Sub Graphs.

When the Graph node extracts the information, there are three types of users in its protocol that contribute to the editing of the data.

These include:

Curators: Subtitle developers who evaluate which subtitles are of high quality and should be indexed by The Graph. Curators add GRT to subtitles they believe.

Indexers: Node operators tasked with providing indexing and querying services for signaled sub-Graphs and must stake GRT to provide these services.

Agents: Delegate GRT to indexers to contribute to running the network without installing a node.
All users receive a portion of network fees for their work, depending on their role.

This data can then be easily accessed by applications looking for information to help them run their software using queries.

For example, Decentraland accesses The Graph’s information to find terrain, accessories, and collectibles across apps and brings them to their marketplace, allowing users to purchase them from a central location.

How Many The Graph Coins Are There in Circulation?

  • Market Cap: $1,383,667,369 (05 May, 2022)
  • Circulating Supply: 4.715.735.200 GRT
  • Total Supply: 10.000.000.000 GRT
  • Max Supply: 10.057.044.431 GRT
  • All Time High: (Feb 12, 2021) $2.88
  • All Time Low: (Dec 17, 2020) No Data

Graph Coin Review and Future

Graph may be of interest to developers who want to build blockchain-based applications that need to access and analyze blockchain data.

Investors may want to add GRT to their portfolio if they believe that decentralized applications will constantly require large amounts of blockchain data to operate.

Finally, once Graph proves to solve important problems for dapp users, it could become an important tool in connecting all applications built on the blockchain.

What is the Future of Graph in this guide? We answered the questions of who created it and how it works. Keep following us.

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