Automated Market Makers (AMM) are protocols that automate the trading of cryptocurrencies. Smart contracts also depend on independent data sources. For example, the provider of a trading platform could quote a higher rate on its website and profit as a result. With external resources, there is a risk that data could be intentionally manipulated and thus not reflect reality. Developers can retrieve this data (e.g., prices of a token) and use it for their application. This gives users easy access to data sources and allows them to use the information directly. The Graph aims to retrieve and prepare data from different protocols (e.g. Investors include Multicoin, Coinbase Ventures, and Digital Currency Group, among others. For example, Uniswap and Coingecko are among the existing customers who query and provide data through the protocol. ![]() The project, which is still in its early stages, has already experienced a high level of demand. The Graph thus aims to become a fundamental infrastructure for the Web3 and truly decentralized dApps. Indexing describes the process of making a body of data (here: blockchains and smart contracts) searchable, such as how a glossary makes it easier to search for a keyword in a book. The project describes itself as a decentralized indexing protocol. Being a utility token, it allows users to participate in the protocol directly (e.g. This is an ERC20 token, based on the Ethereum blockchain. The protocol uses its cryptocurrency called The Graph (GRT). The Graph is one of the leading providers, which prepares the data for users and makes it available. Many applications rely on external data sources, which are provided by an indexer. These include, for example, digitization and Web 3.0, whereby the blockchain also plays an important role. ![]() ![]() The Graph The Graph Network: The Missing Component for dAppsĬryptocurrencies are gradually finding more use cases in different areas. Anyone can build and publish open APIs, called subgraphs, making data easily accessible. The Graph is an indexing protocol for querying networks like Ethereum and IPFS.
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