The Graph (GRT)
9.79%
$ 0.068828
$ 0.006738
⇣ 0.061754
13 Oct
⇡ 0.069746
What is The Graph (GRT)?
The Graph is an indexing protocol for querying networks like IPFS and Ethereum. It allows any user to create open APIs, called SubGraphs or Alt Graphs, which organize data for more accessible processing. The native cryptocurrency used within the platform is known as the Graph Token (GRT).
Designed for easier access and management of data, The Graph protocol offers developers the opportunity to build their applications on the Blockchain. This service enables the querying of liquidity outputs, historical transaction volumes, and data related to all Ethereum-based token prices.
Designed for easier access and management of data, The Graph protocol offers developers the opportunity to build their applications on the Blockchain. This service enables the querying of liquidity outputs, historical transaction volumes, and data related to all Ethereum-based token prices.
How Does The Graph (GRT) Work?
The Graph indexes data for applications in the Web3 and decentralized finance ecosystems through APIs. It considers data request definitions called SubGraphs to learn what data to classify and how. The SubGraph concept defines what smart contracts will look for, events to consider, and how these data will be mapped. These definitions are expressed as the SubGraph manifesto. After setting the data to be indexed, the Graph command line is used, and the definition is recorded on the distributed network. Then, the indexing phase for the created SubGraph begins on the server.
What is The Graph (GRT) Used For?
Essentially, The Graph (GRT) network incorporates four different roles (Indexer, Delegator, Curator, Consumer) as follows:
1. Indexer: Indexers, which perform indexing and searching on IPFS and the blockchain, utilize queries from created SubGraphs.
2. Delegator: Without running a node, delegators support indexers and the network's decentralization by delegating their existing GRT assets to indexers, thus contributing to higher efficiency. In return, delegators earn a portion of the fees indexers receive from queries.
3. Curator: As users who create SubGraphs, curators pay a certain amount to create them. These SubGraphs contain information about the data to be indexed. Indexers gather and query data based on this information.
4. Consumer: Referred to as users who fetch data from The Graph network and perform queries through SubGraphs. They pay with GRT for these queries. The revenue generated is distributed to delegators and indexers.
2. Delegator: Without running a node, delegators support indexers and the network's decentralization by delegating their existing GRT assets to indexers, thus contributing to higher efficiency. In return, delegators earn a portion of the fees indexers receive from queries.
3. Curator: As users who create SubGraphs, curators pay a certain amount to create them. These SubGraphs contain information about the data to be indexed. Indexers gather and query data based on this information.
4. Consumer: Referred to as users who fetch data from The Graph network and perform queries through SubGraphs. They pay with GRT for these queries. The revenue generated is distributed to delegators and indexers.
How is The Graph (GRT) Stored?
Storing The Graph (GRT) is sufficient with ERC-20 compatible Ethereum wallets. Many cryptocurrency exchanges provide support for this, facilitating secure GRT deposit and withdrawal transactions through the created account.
Users wanting to check their balance must use Ethereum wallets. Mobile, web, desktop, or online wallets can be used for trading transactions. Wallet Connect supported mobile wallets or browser-based MetaMask wallets can be used for assigning GRT to indexers on The Graph network.
Users wanting to check their balance must use Ethereum wallets. Mobile, web, desktop, or online wallets can be used for trading transactions. Wallet Connect supported mobile wallets or browser-based MetaMask wallets can be used for assigning GRT to indexers on The Graph network.
How to Buy The Graph (GRT)?
For those interested in cryptocurrency investment, how to buy and sell The Graph (GRT) is often a question of interest. This can be done through mining or using a specially created cryptocurrency exchange.
Contrary to popular belief, buying The Graph (GRT) with Turkish Lira in Turkey is very easy and fast. You can purchase The Graph (GRT) without any need for technical knowledge or official documents.
Contrary to popular belief, buying The Graph (GRT) with Turkish Lira in Turkey is very easy and fast. You can purchase The Graph (GRT) without any need for technical knowledge or official documents.
The Graph (GRT)
9.79%
$ 0.068828
$ 0.006738
⇣ 0.061754
13 Oct
⇡ 0.069746
