👀 Visualizing Blockchain Data

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The Graph - accessing blockchain data with ease

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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.