/biz/ - Business & Finance

PUMP HARDER YOU FUCKING SHITCOIN

>Data is exists in the blockchain in an unorganized fashion
>Dapp developers want to access this data
>Pre GRT they had to download the entire blockchain and then perform a linear search
>This problem becomes exponentially more complex if you want to join data.
>Say the difference between finding all men, all people age 40, or all people named John. Versus finding all people named John that are 40. The first example is hard enough, the latter would take ages
>GRT indexes the entire blockchain using what are called indexers (people with servers resources)
>They create queryable API that allow dapp developers to just focus on their dapp instead of creating a database
>Running servers isn't free
>Indexers get rewarded with GRT for hosting their servers as well as for processing queries
>Delegators signal to the network that an indexer can be trusted by staking GRT to that indexer
>Delegators get a share of that reward
GRT is needed as a currency to incentivized running indexing servers that process queries for dapps.

OK, I was able to get at least a portion of the Graphgelion video to turn into an < 3 mb webm