The GRAPH - Google Of Blockchains? GRT Token Explained

So what is The Graph Protocol all about? Why do some people call it the Google of Blockchains? And what is the use case for the GRT token? You’ll find answers to these questions in this video.

The Graph is an indexing protocol for querying blockchain data that enables the creation of fully decentralized applications.

The project was started in late 2017 by a trio of software engineers who were frustrated by the lack of tooling in the Ethereum ecosystem which made building decentralized applications hard. After a few years of work and a lot of iterations, The Graph went live in Dec 2020.

The Graph, as one of the infrastructure protocols, can be quite tricky to grasp, so before we jump into the details, let’s try to understand what indexing - the main concept behind The Graph - actually is.

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The GRAPH - Google Of Blockchains? GRT Token Explained

What is The Graph (GRT) | What is The Graph token | What is GRT token

Introduction

This page will explain everything you need to know in order to use the hosted offering of The Graph. Let’s first describe what The Graph is, and then explain how you can get started!

What The Graph Is

The Graph is a decentralized protocol for indexing and querying data from blockchains, starting with Ethereum. It makes it possible to query data that is difficult to query directly.

For example, with the popular CryptoKitties dApp, it is relatively straightforward to ask the following questions:

How many CryptoKitties does a specific Ethereum account own?

When was a particular CryptoKitty born?

This is because these read patterns are directly supported by the the balanceOf and getKitty methods exposed by the contract.

However, other questions are more difficult to answer:

Who are the owners of the CryptoKitties born between January and February of 2018?

To answer this question, you have to process all Birth[ events](https://github.com/dapperlabs/cryptokitties-bounty/blob/master/contracts/KittyBase.sol#L15) and then call the ownerOf method for each CryptoKitty that has been born.

Even for this relatively simple question, it would take hours, or even days, for a decentralized application (dApp) running in a browser to get an answer. Indexing blockchain data is hard. Blockchain properties like finality, chain reorganizations, or uncled blocks complicate this process further, and make it not just time consuming but conceptually hard to retrieve correct query results from blockchain data.

The Graph solves this today with a hosted service that indexes blockchain data. Theses indexes (“subgraphs”) can then be queried with a standard GraphQL API. In the future, the hosted service will evolve into a fully decentralized protocol with the same capabilities. Both are backed by the open source implementation of Graph Node.

How The Graph Works

The Graph learns what and how to index Ethereum data based on subgraph descriptions, known as the subgraph manifest. The subgraph description defines the smart contracts of interest for a subgraph, the events in those contracts to pay attention to, and how to map event data to data that The Graph will store in its database.

Once you have written a subgraph manifest, you use the Graph CLI to store the definition in IPFS and tell the hosted service to start indexing data for that subgraph.

This diagram gives more detail about the flow of data once a subgraph manifest has been deployed, dealing with Ethereum transactions:

Data Flow Diagram

The flow follows these steps:

  1. A decentralized application adds data to Ethereum through a transaction on a smart contract.
  2. The smart contract emits one or more events while processing the transaction.
  3. Graph Node continually scans Ethereum for new blocks and the data for your subgraph they may contain.
  4. Graph Node finds Ethereum events for your subgraph in these blocks and runs the mapping handlers you provided. The mapping is a WASM module that creates or updates the data entities that Graph Node stores in response to Ethereum events.
  5. The decentralized application queries the Graph Node for data indexed from the blockchain, using the node’s GraphQL endpoint. The Graph Node in turn translates the GraphQL queries into queries for its underlying data store in order to fetch this data, making use of the store’s indexing capabilities.
  6. The decentralized application displays this data in a rich UI for end-users, which they use to issue new transactions on Ethereum.

What Is The Graph (GRT)?

The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.

To date, over 3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.

The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.

Who Are the Founders of The Graph?

The Graph team includes professionals from the Ethereum Foundation, OpenZeppelin, Decentraland, Orchid, MuleSoft leading up to the IPO and acquisition by Salesforce, Puppet, Redhat and Barclays.

The initial co-founding team includes Yaniv Tal (project lead), Brandon Ramirez (research lead) and Jannis Pohlmann (tech lead).

The founders have engineering backgrounds and have worked together for 5-8 years. Tal and Ramirez studied electrical engineering at USC and worked together at MuleSoft, an API developer tools company that underwent an IPO and sold to SalesForce.

They previously co-founded a developer tools startup together and have spent a significant portion of their careers working to optimize the API stack. At their last startup, the founders built a custom framework on an immutable database called DatomicDaytonic. The Graph was born from this vision to create immutable APIs and data access, using the GraphQL query language.

What Makes The Graph Unique?

The Graph is working to bring reliable decentralized public infrastructure to the mainstream market. To ensure economic security of The Graph Network and the integrity of data being queried, participants use Graph Token (GRT). GRT is a work token that is locked-up by Indexers, Curators and Delegators in order to provide indexing and curating services to the network.

GRT will be an ERC-20 token on the Ethereum blockchain, used to allocate resources in the network. Active Indexers, Curators and Delegators can earn income from the network proportional to the amount of work they perform and their GRT stake. Indexers earn indexing rewards (new issuance) and query fees, while Curators earn a portion of query fees for the subgraphs they signal on. Delegators earn a portion of income earned by the Indexer they delegate to.

Related Pages:

For more information about cryptocurrencies, check out CMC’s educational portal, Alexandria.

Curious about the latest crypto news? Read CMC’s blog!

How Many The Graph (GNT) Coins Are There in Circulation?

Total GRT supply at mainnet launch will be 10 billion tokens, with an initial circulating supply of ~1,245,666,867 GRT. New token issuance in the form of indexing rewards will begin at 3% annually and is subject to future technical governance by The Graph Council. You can read about GRT token economics here and distribution information here.

How Is The Graph Network Secured?

The Graph has built an open data layer on top of blockchains: Indexers can run their own Ethereum archive nodes to run Graph Node, or they can use node operators like Infura or Alchemy.

Any analytics company can build an application to query subgraph data that’s indexed by The Graph. Subgraphs are open APIs to be able to pull data from the blockchain in the most seamless and efficient way.

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How and Where to Buy The Graph (GRT)?

GRT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy GRT

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

After the deposit is confirmed you may then purchase GRT from the exchange.

Exchange: Binance, Huobi Global, OKEx, HBTC, and CoinTiger.

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once GRT gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

BinanceBittrexPoloniexBitfinexHuobiMXCProBITGate.ioCoinbase

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#blockchain #bitcoin #crypto #the graph #grt

Abigail betty

Abigail betty

1624384800

What is Blockchain? Blockchain Technology Explained Simply

Blockchain technology is a way of managing a ledger of records in a decentralized manner. It means that everyone participates in maintaining and updating the ledger, which makes it practically impossible to falsify.

While Blockchain technology is a good solution to the issue of centralization, it’s also very inefficient and slow, therefore it should only be used if the problem at hand is indeed centralization.

That’s Blockchain technology in a nutshell. If you want a more detailed explanation about the Blockchain and how Blockchain technology watch the complete video , here’s what I’ll cover:

0:54 - What blockchain aims to solve
2:48 - Bitcoin: the decentralization of money
3:10 - Decentralization opportunities
4:04 - Blockchain explained in a nutshell
5:16 - How does blockchain technology work
10:05 - Ethereum in a nutshell
10:26 - Private blockchains
11:40 - Public blockchains
11:58 - Is blockchain the next big thing?
13:12 - Conclusion

📺 The video in this post was made by 99Bitcoins
The origin of the article: https://www.youtube.com/watch?v=2yJqjTiwpxM
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
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Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

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Devin Pinto

1606217442

Blockchain Certification | Blockchain Training Course | Blockchain Council

In all the market sectors, Blockchain technology has contributed to the redesign. The improvements that were once impossible have been pushed forward. Blockchain is one of the leading innovations with the ability to influence the various sectors of the industry. It also has the ability to be one of the career-influencing innovations at the same time. We have seen an increasing inclination towards the certification of the Blockchain in recent years, and there are obvious reasons behind it. Blockchain has everything to offer, from good packages to its universal application and futuristic development. Let’s address the reasons why one should go for Blockchain certification.

5 advantages of certification by Blockchain:

1. Lucrative packages- Everyone who completes their education or upskills themselves wants to end up with a good bundle, not only is one assured of a good learning experience with Blockchain, but the packages are drool-worthy at the same time. A Blockchain developer’s average salary varies between $150,000 and $175,000 per annum. Comparatively, a software developer gets a $137,000 per year salary. For a Blockchain developer, the San Francisco Bay area provides the highest bundle, amounting to $162,288 per annum. There’s no point arguing that learning about Blockchain is a smart decision with such lucrative packages.

2. Growing industry- When you select any qualification course, it becomes important that you choose a growing segment or industry that promises potential in the future. You should anticipate all of these with Blockchain. The size of the blockchain market is expected to rise from USD 3.0 billion in 2020 to USD 39.7 billion by 2025. This will see an incredible 67.3 percent CAGR between 2020-2025. To help business processes, several businesses are outsourcing Blockchain technologies. This clearly demonstrates that there will be higher demand in the future for Blockchain developers and certified Blockchain professionals.

3. Universal application- One of the major reasons for the success of Blockchain is that it has a global application. It is not sector-specific. Blockchain usage cases are discovered by almost all market segments. In addition, other innovations such as AI, big data, data science and much more are also supported by Blockchain. It becomes easier to get into a suitable industry once you know about Blockchain.

**4. Work protection-**Surely you would like to invest in an ability that ensures job security. You had the same chance for Blockchain. Since this is the technology of the future, understanding that Blockchain can keep up with futuristic developments will help in a successful and safe job.

**5.**After a certain point of your professional life, you are expected to learn about new abilities that can help enhance your skills. Upskilling is paramount. Upskilling oneself has become the need for the hour, and choosing a path that holds a lot of potential for the future is the best way to do this. For all computer geeks and others who want to gain awareness of emerging technology, Blockchain is a good option.

Concluding thoughts- opting for Blockchain certification is a successful career move with all these advantages. You will be able to find yourself in a safe and secured work profile once you have all the knowledge and information. Link for Blockchain certification programme with the Blockchain Council.

#blockchain certificate #blockchain training #blockchain certification #blockchain developers #blockchain #blockchain council

Angelina roda

Angelina roda

1625013660

How to Buy the Graph (GRT) Token on Binance! UPDATED 2021 Cryptocurrency Tutorial!

I walk you through step-by-step how to buy The Graph (GRT) on Binance. The Graph is an exciting decentralized cryptocurrency that is changing the game! In this video, I show you how to fund your account on Binance exchange, and also how to buy The Graph. We cover some key trading strategies as well for beginners. Check it out!

What is The Graph (GRT)?

The Graph (GRT) is an Ethereum token that powers The Graph, a decentralized protocol for indexing and querying data from blockchains. Just as Google indexes the web, The Graph indexes blockchain data from networks like Ethereum and Filecoin. This data is grouped into open APIs called subgraphs that anyone can query.

Decentralized Finance also know as DeFi is exploding in popularity and I expect that trend to continue throughout the next couple of years. The Graph has positioned itself perfectly as the native currency of a company that helps decentralized applications find and sort blockchain data.

Just taking a quick peak at the Graph’s price chart, it just keeps going up as investors pile into the coin. For example, The Graph increased from 0 to $759 million in the span of just three days. I wouldn’t be surprised to see the Graph continue to grow as DeFi continues spread in the mainstream.

In this video, I walk you through how to buy The Graph (GRT) on Binance step-by-step. I show you how to deposit funds on Binance, and then how to buy The Graph on Binance. I also cover day-trading strategies such as Dollar Cost Averaging and show you how to trade The Graph on Binance. Buy one of the best coins on Binance: The Graph (GRT)!

What is Binance?

Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in terms of trading volume.

Are you wondering how to buy The Graph in the United States? Try Coinbase!

📺 The video in this post was made by Will Walker
The origin of the article: https://www.youtube.com/watch?v=XuCI7BV-PL0
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #binance #graph token #cryptocurrency #how to buy the graph (grt) token on binance

Jon  Gislason

Jon Gislason

1619247660

Google's TPU's being primed for the Quantum Jump

The liquid-cooled Tensor Processing Units, built to slot into server racks, can deliver up to 100 petaflops of compute.

The liquid-cooled Tensor Processing Units, built to slot into server racks, can deliver up to 100 petaflops of compute.

As the world is gearing towards more automation and AI, the need for quantum computing has also grown exponentially. Quantum computing lies at the intersection of quantum physics and high-end computer technology, and in more than one way, hold the key to our AI-driven future.

Quantum computing requires state-of-the-art tools to perform high-end computing. This is where TPUs come in handy. TPUs or Tensor Processing Units are custom-built ASICs (Application Specific Integrated Circuits) to execute machine learning tasks efficiently. TPUs are specific hardware developed by Google for neural network machine learning, specially customised to Google’s Machine Learning software, Tensorflow.

The liquid-cooled Tensor Processing units, built to slot into server racks, can deliver up to 100 petaflops of compute. It powers Google products like Google Search, Gmail, Google Photos and Google Cloud AI APIs.

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