Why:
The Graph emerged to make things easier for decentralized applications (dApp) developers and democratize access to blockchain data. Because data on blockchain networks is stored dispersedly, it can be difficult for dApp developers to find the specific information they are looking for. The Graph solves this problem and offers a query network that organizes data and provides easy access.
Ne (What):
The Graph consists of two main components:
Subgraph: Are independent APIs that organize and index blockchain data. dApp developers can send queries to subgraphs to find the data they are looking for.
The Graph network: It is a distributed network that processes and queries data from subgraphs. GRT token is used to ensure the security and incentive structure of this network.
When:
The Graph mainnet launched in late 2020.
The GRT token was first sold in July 2020.
Where:
The Graph network is not tied to any specific blockchain. It has the ability to process data from different blockchains.
GRT token is traded on various cryptocurrency exchanges such as Binance, Coinbase, Huobi and Kraken.
Kim (Who):
The Graph was founded by veteran blockchain developers Yaniv Talmon and Jannis Pohlmann. The team consists of experts in blockchain technology.
How:
The Graph network uses the Proof-of-Stake (PoS) consensus mechanism to ensure data security and consistency. GRT token holders can ensure the security of the network by staking and earn rewards in return.
Query fees are paid using GRT token.
