The Graph, a decentralized indexing protocol often likened to Google for blockchain networks, has unveiled a groundbreaking data standard for Web3 applications, named GRC-20. This innovation aims to redefine how decentralized applications (DApps) structure, share, and interlink information, as outlined in a blog post accompanying developer Yaniv Tal’s Graph Improvement Proposal.
Building on Tal’s earlier introduction of “knowledge graphs,” GRC-20 seeks to create a shared language for organizing and understanding Web3 data. Knowledge graphs highlight connections and relationships within information, elevating it from raw data to actionable insights.
According to The Graph, GRC-20 surpasses the current Resource Description Framework (RDF), which has limitations in addressing the technical needs of Web3.
The framework integrates core concepts, including “Spaces” for grouping information, “Entities” and “Relations” to represent data pieces, and “Types” for adding structure. Developers will define these components, enabling customizable and interoperable applications. The Graph plans to roll out tools to facilitate the adoption of GRC-20 in the coming weeks.
Simplifying DApp Development with Advanced Indexing
Since its inception in 2018 and mainnet launch in December 2020, The Graph has revolutionized dApp development by providing APIs, known as subgraphs, that index blockchain data. These subgraphs significantly streamline the DApp development process, reducing timelines from months to days.
Currently, The Graph indexes over 70 blockchains, offering developers unparalleled access to decentralized information. Contributors to the ecosystem are incentivized through Graph tokens, fostering continuous innovation.
As part of its evolution toward full decentralization, The Graph has transitioned subgraph hosting responsibilities to external service providers, such as Chainstack. This shift aligns with its mission to create an open and composable Web3 ecosystem.
A Leap Forward in Web3 Interoperability
With GRC-20, The Graph is positioning itself at the forefront of Web3 infrastructure by addressing data challenges that have hindered adoption. By enabling a unified framework for structuring decentralized information, the protocol opens doors for more robust, interoperable applications.
Tal’s Graph Improvement Proposal remains open for community feedback, reflecting the decentralized ethos of collaboration and transparency. If widely adopted, GRC-20 could become the backbone for next-generation DApps, transforming how data is utilized across the Web3 landscape.
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