💥What is a graphic project? How does #GRT work?
To explain what the graph project is, #graph founded in 2018 by Yaniv Tal, Jannis Pohlmann and Brandon Ramirez, who have previously worked together on various initiatives focused on creating developer tools, is an indexing protocol for querying networks such as Ethereum and IPFS. Anyone can make data easily accessible by creating and publishing open APIs called Subgraphs. The chart has collected a total of $19.5 million in token sales since 2019, including $10 million from its public sale in October 2020. During this time, about 21% of the initial token offering of grt 10 billion was sold to investors such as Coinbase Ventures, Digital Currency Group and Multicoin Capital.
If we talk about the graph project in its simplest and simplest form; Graph (GRT) is an Ethereum token that powers Graph, a decentralized protocol for indexing and querying data from blockchains. Just as Google October indexed the web, the Graph also indexes blockchain data from networks such as Ethereum and Filecoin. This data takes the first step in Subgraphs that anyone can query through Graphical Nodes (Graphical Nodes) that constantly scan network blocks and smart contracts for information. When an application adds data to the blockchain through smart contracts, the Graph Nodes October add the data from these new blocks to the appropriate subgraphs.
How Much Was GRT Coin When it First Came Out?
On the other hand, the price of GRT Coin when it was first released is also being wondered by crypto interested parties. GRT Coin, which went on pre-sale with an ICO price of $ 0.03, captured its highest price with $ 2.88.
Does Grt have a future?
We can say that the future of GRT Coin will go in a positive direction. According to Tim Frost, CEO and founder of Yield App, a DeFi-focused fintech startup, the Graphical token plays a valuable role in the DeFi ecosystem, which could be a good investment.
