In This Article
The Graph (GRT) is crypto Google if Google was created for programmers and developers, and is also a popular utility hodl,
The Graph
2.24%
The Graph
GRT
Price
$0.0133
2.24% /24h
Volume in 24h
$3.89M
Price 7d
.
Instead of chronicling data from the web, the Graph chronicles data from all other cryptocurrencies.
In the same way Google is used to look up Elon Musk’s status for his private jet, the Graph stores information and APIs for crypto projects like Aave, Uniswap, Synthetix, Maker, and Compound, to name a few.
Moreover, there will never be any legitimate competitors to GRT (which we’ll get into), and it’s already too late for anyone else to take a significant market share from them.
Here’s what else you should know about The Graph.
How Does The Graph Work?
The graph has a series of “subgraphs” that refer to various blockchain APIs (Application Programming Interfaces).
In short, an API is just how your computer interacts with another program. Think of API as a company offering a limited menu of commands for your computer.
For instance, a pizza shop doesn’t let you go into the kitchen and start making pizzas for you and your friends. They give you a menu — or a means of interacting with their product.
The same goes for websites like Facebook or Google or for programming-specific applications like GitHub and Stack Exchange.
The tl;dr is that The Graph makes APIs make data retrieval easy. It’s the backbone of DeFi and the foundation upon which Web 3.0 is being built.
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Final Thoughts: Our Take on The Graph
Web3 is still probably 10+ years out.
It reminds us here at 99Bitcoins of this video about a company making what is basically an iPhone in the 90s.
That’s where we are right now with web3 blockchain and The Graph: no one believed in touch screens back in the 90s because they all sucked. Now they’re a mundane part of life.
Many people consider blockchain a novelty right now. But one day, when The Graph is able to partner with the Facebook of Crypto or the YouTube of crypto, it will change everything.
DISCOVER: The Best Place to Buy The Graph
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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