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What Is Graph Token
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The Graph is seen as the Google of crypto, helping users to query information similar to how we often do in real life. In this article we will learn about three main parts:
What is The Graph, what is the idea and product of the project?
The relevant information about the main token of the project which is $GRT.
Finally, we will combine the above factors to provide an overview of the robustness of the $GRT economics model.
What Problem Does The Graph Solve?
From the user's perspective, they almost don't care much about whether the application is decentralised or centralised. What they really care about is which one is smoother, faster and cheaper.
If the app doesn't meet this, it will gradually be eliminated by other protocols that do better. One of the main problems is accessing data directly from blockchains.
Data output from the blockchain is rarely stored in a format that can be used directly in dapps (decentralised applications). It needs sorting, sorting, and reprocessing so that dapps can process more easily and smoothly.
Looking at how it works, it can be said that Graph is solving a huge problem of data provided for dapp applications on the Web 3.0 platform. The Graph can be considered as a gateway to enter Web3.
What Is The Graph's Solution?
The Graph's solution is to build a protocol that anyone can access to build and publish APIs called subgraphs. Subgraphs makes it easier to access data from blockchain.
All data is encrypted, stored and processed on-chain with verifiable integrity. Through its API, The Graph makes querying these data fast, reliable and secure.
What Else Did You Miss?
The Graph Structure
What Is Graph Token?
Thoughts and Opinions
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Dubbed the Google of blockchain, The Graph is really contributing to a revolutionary change as they solve the problems of data. With their solution, data on blockchain will be more systematic, easy to query and bring convenience to users.
The Graph is supporting multi-blockchain scaling, testing subgraphs on the framework, optimizing Blockchain L1, developing programs with educational content and much more in the future.