What is The Graph (GRT): Complete Guide for Beginners and Investors
The Graph is a decentralized protocol for indexing and querying data from blockchains, making it easier for developers to access data on the Ethereum network and beyond. Launched in 2020, The Graph allows for the creation of open APIs, known as subgraphs, that make on-chain data readily available.
The Graph was founded by Yaniv Tal, Brandon Ramirez, and Jannis Pohlmann in 2018 and launched in December 2020. It quickly gained traction among developers for its ability to simplify data interaction with Ethereum and other compatible blockchains. The protocol has evolved to support several blockchains and continues to grow as a key infrastructure in the blockchain ecosystem.
TECHNOLOGY
The Graph operates as a decentralized indexing protocol for blockchain data. It uses Graph Nodes to continuously scan network blocks and transaction data, assembling and storing relevant information. Developers can access this data efficiently through subgraphs, which are open APIs built on the protocol.
USE CASES
The Graph is primarily used for building and querying blockchain data in a decentralized and efficient manner. Key use cases include: Powering decentralized applications (dApps) with real-time data; Enabling Web3 developers to access open APIs for blockchain data; Supporting DeFi and NFT platforms with backend data infrastructure.
FORECAST
Analysts predict considerable growth for The Graph due to its utilization in key sectors of the blockchain industry such as DeFi and NFTs. As more decentralized applications require robust data access solutions, The Graph's demand may increase. However, competition and rapid technological advancements in blockchain infrastructure could impact its trajectory.
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