What is The Graph?
The Graph is a decentralised protocol that aims to index data on blockchain. We can compare its functioning to that of a search engine (Google, Yahoo), with the difference that The Graph operates on decentralised networks. How does the protocol work? The Graph queries large decentralised sources such as Ethereum and IPFS, returning data that can be used by developers, users and decentralised apps. On the infrastructure, apps can publish their own APIs, allowing anyone to easily find the information and use the development tools. The project opens up very promising scenarios in areas such as DeFi and Web3. In the future, The Graph could help the exchange and search of information and data on any blockchain.
Why buy The Graph?
The project has a reference token, which serves as a means of payment and at the same time as an incentive to add relevant content and index it. The GRT token, an ERC-20 based on Ethereum, is also the governance token, and it is possible to stake it to receive rewards. The Graph system has four types of participants: Indexers, Curators, Delegators and Developers. The Graph’s data index currently supports some of the major blockchains, including Ethereum, Arbitrium, Avalanche, Celo, Fantom and Moonbeam.
How was it created?
The founding team consists of Yaniv Tal (project lead), Brandon Ramirez and Jannis Pohlmann. The project was announced during 2018 and attracted professionals from Ethereum Foundation, RedHat and Barclays. Today, there is a real company behind The Graph, with over 30 employees and an office in San Francisco. The crypto project boasts major investors who finance its development. Among the most important are Coinbase Ventures and Digital Currency Group.
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