Graph Protocol. A brief overview of the project and and why it might be interesting to You.
Before we talk about the project, we definitely need to know about such a concept as web3. Do you know about this? In any case, even if this concept is unfamiliar to you — in the near future, everyone will have to face it in one way or another. No one now represents a modern society without the Internet, networks, network services and services. Each of us constantly uses applications on the phone, computer, in public places and organizations, etc.
All applications always have a client-user side and a database side. In this regard, the existing web has one fundamental feature-centralization. Just the same database on which the entire system depends. This is the cornerstone of the security, scalability, versatility, compatibility, and reliability of these types of networks and applications.
One of the modern discoveries is the blockchain technology. It significantly strengthened the idea of decentralization. This is reflected in the web. Here we are talking just about web3. In fact, web3 is dapps. Web3 will become a large platform (infrastructure) of a huge number of dapps. Together, this will be a set of decentralized networks from dapps. This is a potentially significant new stage in the development of modern technologies. So we got to the Graph Protocol.
The Graph is an indexing protocol for querying networks like Ethereum and IPFS. And these are not empty words at all. Using Graph technology, you can do completely unrealistic things, namely build public open APIs. We call it subgraph.
The Graph is an indexing protocol for querying networks like Ethereum and IPFS. And these are not empty words at all. Using Graph technology, you can do completely unrealistic things, namely build public open APIs. They are called subgraph. Pretty hard to imagine isn’t it?
And now remember your childhood and strain your imagination. And what if you can build a huge robot out of this small one? From any number and almost any size. Subgraphs can be composed into a large global graph. This is a really worthwhile fact.
All data is stored and processed on open networks with verifiable integrity.This gives us a great opportunity in the security. Scalable, decentralized applications that can handle a huge amount of mutable data.Smart and secure decentralized network. Just imagine the scope for use. Not a specific sector or application, but the technology itself. Breakthrough technology.
I think You will be impressed that such huge projects as Uniswap, Synthetix and others use Graph.
We are talking about data that is constantly changing and must be made available to more users at different levels, while maintaining a high level of security.This can be financial data for banking services, exchanges, defi applications
Once again, I want to draw your attention to the fact that we are not talking about another newfangled application or service or a new blockchain. We are talking about a real operating technology, the scale of which, even at the time of the very first stage of its implementation, is truly huge. Already, graph processes more than 10 billion requests per month! Blockchain technology, decentralization is the beginning of a new era. You’re in the middle of a gold mine sir and you have the technology to produce a pickaxe to mine that gold.
The team has a development plan. Now You can get acquainted with the examples of subgraphs and see how it works. First of all, the Graph protocol has a friendly team of curators who help bring information to as many interested people as possible.
You can read the blog and get acquainted with the main theses of the project on the website https://thegraph.com/
You can even challenge yourself and try to build a subgraph. You will find a lot of useful interesting information. The Graph Protocol’s blog and Twitter account are constantly updated with new information. There are also telegrams with more than 16,000 people. https://t.me/GraphProtocol
Well, what about investing? After the launch of the main network, the listing of the project on almost all major exchanges became an amazing news that thundered throughout the crypto community.
The Graph Protocol immediately took the leading places, which only confirmed the huge potential of graph technology. The GRt token is represented on almost every crypto exchange and you can easily become a co-investor in the project. Also you can be a delegator or indexer. Staking guide: https://stakingfac.medium.com/the-graph-staking-guide-5ec1455f4783
To tell about such a multi-layered and global project as Graph Protocol and at the same time not to tire the reader with a large amount of text is an almost impossible task. I hope my story was useful to You and You will become a part of the graph community. I, in turn, was helped to do this by the Curators Program. This is a community of dedicated and talented people who helped develop the project and talk about it. I would like to express my special gratitude to the Russian community: https://t.me/thegraphRu, @electroxts, @leopold89 and others. https://discord.gg/GRgJkeZW electroXts#8568 discord
Thank you for your time!