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What is The Graph ?
The Graph is a decentralized protocol for indexing and querying data from blockchains, starting with Ethereum. It is also a popular cryptocurrency that is traded on a large number of cryptocurrency exchanges.
About The Graph
The Graph makes it super easy for anyone to query data that is difficult to query directly. It was launched in December 2020 by the initial co-founding team which includes Yaniv Tal, Brandon Ramirez, and Jannis Pohlmann.
Primary features of The Graph
The Graph is working on bringing reliable decentralized public infrastructure to market.
It is guaranteed to run forever on a reliable public infrastructure.
The Graph has swept a market cap of more than $4 Billion.
The Graph (GRT) is a P2P cryptocurrency that provides easy exchange of funds.
Is The Graph a promising cryptocurrency?
The Graph allows anyone to build and publicly open APIs that make data easily accessible. These APIs are called subgraphs and are deployed by developers.
If you are looking to buy The Graph, then you can check for third-party cryptocurrency exchanges like Coinswitch .
How to use The Graph?
The Graph helped developers to focus on having a great user experience UX/UI, as opposed to building custom back-end infrastructure for each application. You can use The Graph (GRT) in the following ways:
Open-source: The Graph is an open-source computing platform which means that its codebase can be looked up by anyone on the Internet.
Online Payments: The Graph (GRT) is accepted at thousands of stores worldwide, both offline & online.
International Transfers: The Graph could be easily transferred to family and friends that are sitting in any part of the world.
Investment: The Graph has shown positive returns in the past, growing more than 700% since 2021.
Pros & Cons of The Graph
Pros
Staking: Users holding GRT tokens can stake them for earning passive rewards. Stakers who delegate their GRT earn a portion of the rewards run by these nodes.
Interoperability: The Graph makes it easy to switch between Dapps (Decentralized Applications) seamlessly.
Open-source: Due to the open-source nature of The Graph, changes can be easily implemented to adapt to the market.
DAO Model: The platform is planning to switch into a complete Decentralized Autonomous Organization in the upcoming months.
Cons
Dark Web: In the recent news, The Graph was found being used as a mode of payment on the Dark Web.
Trade The Graph on CoinSwitch
You can invest and trade with just Rs.100.
Allows instant withdrawal and deposit directly to bank accounts.
Trade-in The Graph (The Graph) at zero fees.
Intuitive and simple UI.
Easily manage your transactions and your portfolio.
The Graph ICO summary
The Graph had its ICO (Initial Coin Offering) between October 22 to October 23, 2021, for a price of $0.03. The token sale was for an amount of $12 million, and it has given a return of 3000% since its launch.
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
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