👀 Visualizing Blockchain Data

Today's Highlights

• The Graph - accessing blockchain data with ease
• Blockchain events - upcoming events in the blockchain world.
• In Other News - a few interesting developments we're tracking.

The Graph - accessing blockchain data with ease

The Graph is an indexing protocol used for querying data in blockchain that facilitates the development of fully decentralized applications. It is used for querying networks such as Ethereum and IPFS.

Blockchain explorers build their own blockchain and store their data in a database that enables quick retrieval of data. These services are called ingestion services. Though this is a perfectly fine approach it requires trusting a third party to provide data, which isn’t suitable for building a decentralized application.

The Graph decentralizes the query layer and the API of the internet application stack. The Graph eliminates the dependency on a centralized service provider, making the process of querying data on blockchain efficient. The Graph allows anyone to develop and publish open APIs called subgraphs, thus making data easily accessible.

In order to participate in The Graph network, any indexer can stake graph tokens and earn fees for serving queries on those subgraphs and rewards for indexing subgraphs. By paying for their metered usage consumers can query this diverse set of Indexers.

The Graph can be seen as a marketplace for all the data which is present on the Ethereum blockchain. The Graph works to save developers both money as well as time as the process involved with sourcing data for DApps and smart contracts is costly and often unsuccessful. Without the data on DApps on the Ethereum blockchain, developers will not be able to improve old DApps. With The Graph, this data is made accessible in a reduced timeframe and at a fraction of the initial cost.

The Graph was founded by Yaniv Tal, Jannis Pohlmann and Brandon Ramirez. They have raised $69.6M in funding.

Blockchain Events

In Other News

The New York Times’ Latest Attack On El Salvador And BTC Won’t Age Well, Pt. 1

The New York Times joined the rest of mainstream media in kicking bitcoin when it’s down. Even though the world’s economy is clearly in the red across the board, bitcoin deniers are having the time of their lives declaring bitcoin dead. That puts Nayib Bukele and El Salvador’s bitcoin bet in mainstr…

Tech TalkAlpha House

Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize

The troubled crypto lender Celsius started to make good on the $258 million debt on the decentralized lending protocols Aave and Compound – possibly in an attempt to reclaim collateral it had posted as guarantees. The transactions come just a day after Celsius used a debt-paydown to reclaim collater…

CoinDeskKrisztian Sandor

Portsmouth’s £25M Border Post Sits Idle After Minister’s Imports Turnaround – Cryptovibes.com – Daily Cryptocurrency and FX News

About £450 million of taxpayers’ money has been put into facilities to handle post-Brexit checks. The checks are now delayed. Near the container terminal at Portsmouth International Port, only a few hundred metres from the water’s edge, sits a new hi-tech border control post. Set up over the last 18…

Tech TalkAlpha House