The Graph is an indexing protocol used to query networks like Ethereum and IPFS. It is possible for anyone to build and publish open APIs, known as subgraphs, thus making data easily accessible.
For clarity, it is possible for subgraphs to be composed into a global graph of all the world’s public information. Further, this data can be transformed, organized, and shared across applications for anyone to query with just a few keystrokes.
This GRT states is a way to say goodbye to custom servers. Before the coming of Graph, they state that the teams had to develop and operate proprietary indexing servers. This in turn required significant engineering and hardware resources and also distracted the important security properties which are crucial for decentralization.
It is well known that Web3 is a new stack for a radically better internet. And, all the data which is stored and processed via open networks like blockchains, storage networks, and P2P networks are indexed as either public data or encrypted private data with verifiable integrity, this graph further makes querying this data fast, reliable and secure.
A lot is getting built whether it is with DeFi, Governance, Grants and Philanthropy, Entertainment, marketplaces, or social as next generation apps and entrepreneurs are repeatedly doing their best to ensure and scale human co-ordination on the internet. This is a new frontier and GRT are making available on a shared and neutral foundation powerful new features to solve the greatest challenges in the world in terms of combining Web3 protocols and building dApps.
The Graph network is a marketplace of service providers who are indexers, curators, and delegators on the blockchain ensuring that the dApps continue to run no matter what.
Indexers are node operators who compete to provide the best service at the lowest price.
Curators are individuals who organize data and signal which subgraphs are useful and accurate.
Delegators are individuals who delegate stakes to indexers to contribute to securing the network without running a Graph Node themselves.
They are focusing on improving Agency – to help users own identify, data, and reputation; reliability – to guarantee a run forever on reliable public infrastructure; interoperability – to seamlessly switch between dApps; Money – programmable money with financial contracts; security – to provide for safety, security and privacy; governance – to provide for transparent rules that people have a voice in. The Graph are set to redefine the future of decentralization.
Get the latest Crypto & Blockchain News in your inbox.