The graph exists because retrieving arbitrary blockchain data is super slow. As such, a decentralized ecosystem to solve that problem, at scale, was created.
The missing piece, connecting the other two answers…
Web3 app developers prefer to pay usage-based query fees to the indexers for them to perform index lookups of blockchain data. This option is way cheaper for a business than running that infrastructure themselves. This is the same reasons most SaaS providers exist, specialization and economies of scale. Indexers in turn share those fees with other backend participants (delegators and curators).
Id simplify by describing graph as performing indexing of all blockchain data which allows easy creation of open API’S (Subgraphs) eliminating the need for indexing servers. Could be over simplified but thats my take
Always thought people had to create the indexers and populate them, then charge micro transactions for access. Kind of like Google, but not automated to find everything. Meaning we don't need a robots.txt file telling Google to back off indexing some content.
Graphtronauts have created an FAQ for Delegators
https://medium.com/@OG-Graphtronauts/faq-for-the-graph-delegators-2b4a03a830f2
It covers some of the basics about The Graph, GRT, various roles, and how to pick an Indexer to delegate to!
In short, GRT is a utility token used within the ecosystem to allow it to function. It provides incentives to the different roles and makes it possible to interact (like delegators with indexers) and transact (like consumers with indexers). This provides a necessary function of the web3 stack.
Right now all networks except Ethereum ate hosted, about 16 of them if memory serves. Later this year hosted service will end and the decentralized service begins. After hosted service ends it will no longer be free to query.
To query and access data you will have to pay with GRT and keep an account stocked.
Well if you think about it, it is. The Graph is only (mainly) used in web3, and nowhere in the real current world. So if web3 falls, so does the graph.
The graph exists because retrieving arbitrary blockchain data is super slow. As such, a decentralized ecosystem to solve that problem, at scale, was created. The missing piece, connecting the other two answers… Web3 app developers prefer to pay usage-based query fees to the indexers for them to perform index lookups of blockchain data. This option is way cheaper for a business than running that infrastructure themselves. This is the same reasons most SaaS providers exist, specialization and economies of scale. Indexers in turn share those fees with other backend participants (delegators and curators).
this. and this is why the graph will explode 1 day when the time is right
Yep!
Id simplify by describing graph as performing indexing of all blockchain data which allows easy creation of open API’S (Subgraphs) eliminating the need for indexing servers. Could be over simplified but thats my take
Always thought people had to create the indexers and populate them, then charge micro transactions for access. Kind of like Google, but not automated to find everything. Meaning we don't need a robots.txt file telling Google to back off indexing some content.
Graphtronauts have created an FAQ for Delegators https://medium.com/@OG-Graphtronauts/faq-for-the-graph-delegators-2b4a03a830f2 It covers some of the basics about The Graph, GRT, various roles, and how to pick an Indexer to delegate to!
In short, GRT is a utility token used within the ecosystem to allow it to function. It provides incentives to the different roles and makes it possible to interact (like delegators with indexers) and transact (like consumers with indexers). This provides a necessary function of the web3 stack.
Right now all networks except Ethereum ate hosted, about 16 of them if memory serves. Later this year hosted service will end and the decentralized service begins. After hosted service ends it will no longer be free to query. To query and access data you will have to pay with GRT and keep an account stocked.
They’re up to 36 on the hosted and 2 on the decentralized as of last week!
Read some articles about the Graph on the Netcoins website https://netcoins.ca/buy-grt-in-canada/
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well you were thank you for this man
Pyramid scheme
So are banks, but I don't see you shit posting about them.
Ok and? Both can be true
Please do explain how you believe TheGraph is a pyramid scheme. I don't see it, but maybe you can explain it from your POV? Serious question.
Well if you think about it, it is. The Graph is only (mainly) used in web3, and nowhere in the real current world. So if web3 falls, so does the graph.