The Graph (GRT): The API framework of Blockchains

The Graph (GRT) helps developers to build decentralized apps on Ethereum and IPFS using GraphQL. Our tutorial will explain to you in detail how GRT works.

At the time of writing this review (20 Dec 2020) about The Graph, their token GRT, listed on Binance a day ago, is already trading 7 times higher than the initial price!

In this article, we are going to review The Graph project, values & vision, whitepaper, team, and what problem they are trying to solve.

Price and capitalization of The Graph (GRT)

You will find below the main information concerning the price and the capitalization of GRT within particular :

  • The price: in dollars and in bitcoins, as well as the price variation over the last 24 hours
  • Rank: GRT’s worldwide ranking compared to other Cryptocurrencies (the ranking is based on the market cap or capitalization of each crypto)
  • The market cap: which represents the capitalization of GRT in dollars, i.e. the cumulative value of all outstanding tokens.
  • The volume: which corresponds to the total amount of GRT tokens exchanged over the last 24 hours (in dollars)

What is The Graph (GRT)?

 

The Graph (GRT) logo

 

Announced in June 2018, The Graph is introduced as a decentralized query protocol for blockchains. The project is supposed to help developers building decentralized applications (dApps) on the Ethereum blockchain. 

The project is an indexing protocol for organizing data from blockchains and make them easily accessible. The problem that most developers are facing while building dApps on Ethereum is that you cannot really work on an Ethereum full-node because the data aren’t stored in an efficient way. In order to create a dApp, you then need to load all those data to be able to process them. Thus, in the past, developers had to build their own indexing servers where they are gathering all the data they were needing. Build & maintain those servers takes time & resources. 

The Graph solves this problem with a protocol called “SubGraph“, which is defined as an open API that anybody can query. This SubGraph defines the type of data you want to analyze and how you can process that data. Once built, a SubGraph can be deployed on an existing centralized service, that is going to be decentralized in a near future, where all the indexing protocols will be performed on independent sub parties providers.

The Graph (GRT) Usecases

Right now, The Graph primarily helped dApps to optimize their processes. Many already existing big applications built on Ethereum are using The Graph, i.e., Uniswap.info, the Synthetix exchange, decentralized marketplaces, Balancer, Aragon etc.

In the future, The Graph aims to be organizing all of the data that is part of the crypto-economy. The underlying planning for the organization of the data by sourcing it from the blockchain, and determine how to exploit this data needs to be more scalable.

In the Graph network, they have a few different roles:

  • Indexers, running the servers, and optimizing the access to the data
  • Curators, building & organizing subgraphs.
  • Delegators, delegating stake to Indexers to contribute to securing the network without running a Graph Node 

With the decentralization of the network, anybody can build a subgraph and earn with it. Curators receive fees when users are using their subgraphs.

Who are the founders of The Graph?

The team

ramirez The Graph

Brandon Ramirez

Co-founder & Research Lead

Polmann The Graph

Jannis Pohlmann

Tech Lead & Co-Founder

Tal The Graph

Yaniv Tal

Project Lead

Kline The Graph

Tegan Kline

BD + IR

Coelho The Graph

Rodrigo Coelho

Operations Lead

Djaja The Graph

Nena Djaja

Product Lead

Partners

How to purchase GRT?

However, if you wish to purchase GRT, it is possible on many exchanges, including Binance, Coinbase, and OKEx.

Using Binance to Buy GRT

Launched in 2017, Binance is one of the most popular crypto exchanges in terms of trading volume. As a reference for crypto/crypto exchanges (more than 180 crypto-currencies available for trading), Binance has created a fiat gateway service to offer more options to purchase crypto-currencies directly with cash currencies (euros, dollars…) via bank transfer or credit card.

The most popular market pairs (including GRT) on Binance are :

  • GRT/BTC
  • GRT/ETH
  • GRT/USDT

As you can see, to get GRT on Binance, you will first need to deposit cryptocurrencies like Bitcoin or Ethereum or buy stablecoins or other cryptocurrencies supported by Binance that you can then exchange for GRT.

👉 Read: Binance Tutorial

File:Binance logo.svg - Wikimedia Commons

Buy GRT with Coinbase

Coinbase is one of the most famous exchanges to purchase crypto with fiat money.

👉 Read: Coinbase Tutorial

 

USD Coin (USDC) – Stablecoin par Coinbase

Recent Posts
Subscribe to the newsletter

Share this article on your social networks:

Share on twitter
Share on telegram
Share on facebook
Share on linkedin
Share on email

The information above contains information on the cryptocurrency market, which is associated with high risks. These materials are presented for informational purposes only and in no way should be construed as a recommendation for the purchase or sale of the assets. Any person considering trading digital assets should seek independent advice on the suitability of any particular digital asset.

Recent Posts

AllBlockchain & CryptocurrenciesTrading
Crypto weekly analysis

Cryptocurrency Market Review (+ VIDEO!) – 30th November

30 Nov 2020

At the time of writing, Bitcoin is today traded at around $18,500....

Read More
Are We About To See An Altseason?

Are We About To See An Altseason? Market Review 24th November

24 Nov 2020

There is no doubt we are in a bullrun, also associated with...

Read More
Bitcoin Price analysis

Bitcoin is consolidating above $16,000 and CME traps week-end shorters

16 Nov 2020

Ever heard about CME? Learn what institutions show you to trap you...

Read More
DeFi : does a decentralized organization engage its responsibility before the law ?

DeFi: does a decentralized organization engage its responsibility towards justice?

08 Nov 2020

Is it possible to engage the responsibility of a decentralized organization (especially...

Read More
Bitcoin Technical Analysis

Bitcoin Surpasses $14,000 during the weekend, the Institutions answer!

02 Nov 2020

Nothing seems to be stopping Bitcoin yet. It has been pushing above...

Read More
Bitcoin Technical Analysis

Bitcoin Technical Analysis – 26th October

26 Oct 2020

Bitcoin broke the $13,000 level last week and is currently consolidating above...

Read More

Receive a digest of Crypto Analysis, News & Articles every week

Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles, analysis, courses, reviews and more!