What is The Graph (GRT)?
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| The Graph (GRT) |
What is The Graph (GRT)?
The Graph (GRT) is an indexing protocol for querying networks such as Ethereum and IPFs, enabling many applications in both the DEFI and broad Web3 ecosystems. Anyone can create and publish open APIs called subgraphs, which Applications can query using GraphQL to retrieve blockchain data. There is a production hosting service that makes it easy for developers to get started building on The Graph, and a decentralized network will launch later this year. Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.
until now Developer thousands deploy graph subsidiaries , more than 3,000 items for DApps as Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others using graphs grow by more than 50% MoM and there. Searched more than 7 billion queries during September 2020.
The Graph has a global community including 200+ Indexer Nodes in its test network. and more than 2,000 recommenders in the curatorial program as of October 2020 to fund the network development. The Graph has raised funding from community members, strategic VCs and blockchain influencers. The community includes Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital, and others. The Graph Foundation also successfully sold GRT publicly with participation from 99 countries (excluding the United States) through November 2020, The Graph raised. Capital ~ $25M
Who is the founder of The Graph (GRT)?
Team The Graph (GRT) , consisting of experts from Ethereum Foundation, OpenZeppelin, Decentraland, Orchid , MuleSoft that led to the IPO and the acquisition by Salesforce, Puppet, Redhat and Barclays.
The startup's co-founder team consists of Yaniv Tal (Project Leader), Brandon Ramirez (Head of Research) and Jannis Pohlmann (Head of Technology).
The founders have an engineering background 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 was IPO and sold to SalesForce.
They previously co-founded a developer tools startup together. and spent most of his career optimizing the API stack at the last startup. The founders built a custom framework on immutable database called Datomic. Graph was born from this vision to create APIs and access immutable data using the GraphQL query language.
What makes The Graph (GRT) unique?
The Graph (GRT) is working to bring reliable decentralized public infrastructure to the mainstream market. To ensure the economic security of The Graph Network and the integrity of the data queried. As such, participants use Graph Token (GRT). GRT is a working token that is locked by indexers, referrals and delegates. To provide indexing and network administration services
GRT will be an ERC-20 token on the Ethereum blockchain used to allocate resources in the network. Active indexers, referrals, and delegates can monetize the network in proportion to the amount of work they do and their GRT stake . ) and browsing fees while curators receive a portion of the browsing fee for the sub-graphs they signal. The delegates receive a portion of the revenue they receive from the indexers they assign.
How many The Graph (GRT) coins are in circulation?
The total supply of GRT launched on the main network will be 10 billion tokens. with a circulating supply starting at ~1,245,666,867 GRT New token issuance in the form of indexed rewards starts at 3% per annum and is subject to future technical oversight by The Graph Council. You can read about G-Economics tokens. the here and distribution here.
How secure is The Graph (GRT) network ?
The Graph (GRT) has built an open data layer on the blockchain: the indexer can run its own Ethereum archive nodes to run the Graph Node, or it can use node operators like Infura or Alchemy.
any analytics company Applications can be built to query the sub-data indexed by The Graph. The sub-graph is an open API to enable the seamless and most efficient extraction of data from the blockchain.
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