This Graph Blockchain has a native token called the Graph (GRT), an ERC-20 token used to allocate resources. It is on the Ethereum blockchain and is capped at 10 billion GRT tokens. The Graph network makes data indexing and retrieval easy and reachable for blockchain technology. It uses some tools like GraphQL to perform such functions.
Briefly about The Graph
This network was founded by three individuals, Jannis Pohlmann, Brandon Ramirez, and Yaniv Tal, in 2018. GRT tokens are native tokens of this network and facilitate resource allocation in the Graphs operations. Indexers, curators, and delegators depend on the GRT tokens to be functional in the market.
The Graph blockchain enable APIs for a vibrand, decentralized cuture.CryptoLists.com
This network uses indexing and querying tools and advanced blockchain technology to deliver adequate data descriptions on the APIs. Graph nodes help the user find solutions t queries posed to the subgraphs by scanning blockchain databases. The Graph functions through the facilitation of subgraphs, graph nodes, curators and indexers, subgraph manifest, GRT, the foundation, governance, arbitrators, fishermen, staking, and delegators. The unique bit of this network is that it makes crypto data highly accessible by collecting blockchain data from different networks and categorizing them into subgraphs.
Utility of The Graph?
Indexers, curators, and delegators provide their services to the Graph and earn the network GRT tokens from developers who need the service, which keeps the network functional. Developers who make subgraphs pay the network in GRT tokens. They must pay because once developers index data; then, they choose how the Dapps will utilize the data.
The Graph Consensus Method: Proof of Stake
Release Date: January 10, 2019
Advantages at The Graph+ The Graph network is user friendly and suitable for beginners.
+ The Graph is fast in blockchain data retrieval.
+ It is pocket-friendly.
+ The network is growing to incorporate more dApps.
Disadvantages- The lack of sufficient experience poses a hacking threat.
- Didn't manage to scale Ethereum well enough.
Costs▪ Rated at 10/10
The withdrawal fees for GRT tokens vary from one exchange to another; they range from 14 GRT to a little over 191 GRT. Exchange examples offering GRT withdrawal services are Crypto.com exchange, OKCoin, Kraken, and Binance. The trading fees are also different on exchange platforms, with some charging 0.1% like Binance, 0.25%/ 0.35% for Gemini and Huobi, 0.2%.
Reputation and Buzz▪ Reputation rated at 8/10
▪ Buzz rated at 9/10
Since 2020, when the mainnet was launched, its users have grown tremendously. The growth is accredited to social buzz in Reddit and StockTwits platforms, contributing to the GRT price rise.
Who created the Graph?
Brandon Ramirez, Jannis Pohlmann, and Yaniv Tal in 2018.
How do we stake GRT?
You, as the delegator, should assign your GRT tokens to your choice indexer from the Graph.
Can I alter the initial subgroup name?
No, once you name the subgraph, you cannot change the name later. Think through and find an accessible name to give your subgraph for easy access by Dapps.
Can I delete my subgraph?
You cannot delete it once it's created it
How does the network earn?
Delegators get a percentage of the indexer fees while curators are paid query fees. Indexers get part of the query fees and protocol rewards.