GRT, “The Google of blockchain”... Next to Pump?
Updated
Sometimes referred to as “the Google of blockchain”, The Graph (ticker: GRT) has just reached a milestone that validates a strong web3 use case – and its adoption.
That milestone happens to be the decentralised protocol hitting more than “one trillion lifetime queries” since The Graph’s inception back in 2018 as a blockchain data-focused project that has deep connections and partnerships right across the crypto industry.
Now, what does “one trillion lifetime queries” mean exactly? To answer that, we first refer you back to an article we wrote about The Graph back in March, and some of the answers Tegan Kline gave us. (Kline is the CEO of Edge & Node, the initial team behind The Graph.)
What is The Graph and what are ‘queries’?
Just a reminder, then, in Kline’s words to Stockhead:
“The Graph is a decentralised protocol for indexing blockchain data and making it available for querying for use in downstream applications, like dapps (decentralised applications) frontends, plots, dashboards and data analytics. It’s used by more than 40,000 developers and powers thousands of dapps.”
By “query” you can essentially take that to mean “search” in a Googling sense.
“The Graph’s primary goal is to make blockchain data accessible by indexing it,” explained Kline. “Google made the internet user-friendly by making it simple to search, and The Graph makes blockchain available to developers by making it easy to be queried. So what Google does for the web, The Graph does for blockchain technology.”
Right then, quick refresher course over with, let’s hone in on the protocol’s news and why it has significance…
Link:
stockhead.com.au/cryptocurrency/decentralised-web3-project-the-graph-grt-eclipses-one-trillion-lifetime-queries/
Looking good and promising to me...
The FXPROFESSOR
That milestone happens to be the decentralised protocol hitting more than “one trillion lifetime queries” since The Graph’s inception back in 2018 as a blockchain data-focused project that has deep connections and partnerships right across the crypto industry.
Now, what does “one trillion lifetime queries” mean exactly? To answer that, we first refer you back to an article we wrote about The Graph back in March, and some of the answers Tegan Kline gave us. (Kline is the CEO of Edge & Node, the initial team behind The Graph.)
What is The Graph and what are ‘queries’?
Just a reminder, then, in Kline’s words to Stockhead:
“The Graph is a decentralised protocol for indexing blockchain data and making it available for querying for use in downstream applications, like dapps (decentralised applications) frontends, plots, dashboards and data analytics. It’s used by more than 40,000 developers and powers thousands of dapps.”
By “query” you can essentially take that to mean “search” in a Googling sense.
“The Graph’s primary goal is to make blockchain data accessible by indexing it,” explained Kline. “Google made the internet user-friendly by making it simple to search, and The Graph makes blockchain available to developers by making it easy to be queried. So what Google does for the web, The Graph does for blockchain technology.”
Right then, quick refresher course over with, let’s hone in on the protocol’s news and why it has significance…
Link:
stockhead.com.au/cryptocurrency/decentralised-web3-project-the-graph-grt-eclipses-one-trillion-lifetime-queries/
Looking good and promising to me...
The FXPROFESSOR
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