markets are currently fluctuating and the prices resemble a roller coaster ride. Hardly any new investor knows right now which digital currencies to invest in that are affordable at the same time. Today we would like to introduce you to The Graph, a new token in the crypto sky that is currently ranked quite well on Coinmarketcap. But take a look for yourselves.
Who is behind The Graph?
Graph are three engineers who were quite fed up with the lack of tools from the Ethereum ecosystem. So, they launched this project at the end of 2017. They invest three hard years of work and in December 2020, GRT finally went live. In the process, the GRT token was listed on some top exchanges like Binance and Coinbase right at the beginning, which showed that the project has a future. Those on Coinbase can even get $3 USD in GRT for free with a few clicks.
Why is GRT called the Google of blockchains?
Because of its indexing function protocol, GRT has been called the “Google of blockchains.” In this, indexing is similar to that of Google
. The giant enables us by providing easy access through a search engine. In the same way, The Graph does the same with the data, which is also stored and hosted by the blockchain on the one hand.
Especially for the future, it is important to provide easily accessible data to the decentralized industry. In this regard, developers need this feature. It’s the only way they can create fully decentralized apps and not depend on third-party vendors or centralized databases.
This problem is solved by The Graph for BlockchainDevelopers
currently have two options. Either they create a slow decentralized app or a fast one, but one where they depend on a centralized entity. The latter makes web services and apps usable at scale, but just not truly decentralized. And that’s exactly why a decentralized query protocol for blockchain is a great solution. The Graph can thus become one of the most important infrastructure protocols over time when it comes to building fully decentralized applications at scale.
Currently, there are similar indexing protocols, but The Graph is the clear leader here.
What platforms is The Graph tradable on?
If you are interested in this project, you should of course look deeper into The Graph.
asses. GRT is tradable on the following exchanges:
The Graph is also available on many other exchanges.
We believe that the project has a real future and there is still a lot of potential behind it. However, you will of course have to make up your own mind about GRT before investing here.
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