Supported by Edge & Node, the Graph builds an indexing infrastructure for Web 3.0
As the end of Web 2.0 approaches, plans are underway to build the next version of the Internet, which, as you may now know, is Web 3.0. While this heralds the transition from a centralized web-based Internet to a decentralized alternative, it requires a lot of combined effort from developers, right down to end users.
The Graph protocol is one of the first contributors to the Web 3.0 development course that stands out among many others. The decentralized protocol promises to provide Web 3.0 with a “Google-like infrastructure”, but exclusively for indexing purposes.
In this article, DailyCoin explores the graphical protocol in an exclusive interview with Pranav Maheshwari, Solution Engineer at Edge & Node, one of the three main developer networks tasked with creating the decentralized protocol (others include Streaming Fast and Figment) .
For starters, Pranav’s Graph protocol helps every decentralized application (dApp) across the world run efficiently by facilitating the process by which they index their data.
In other words, by creating an infrastructure similar to Google (NASDAQ :), the Graph Protocol wants to help dApps to index themselves on the blockchain network in a decentralized way.
“You can tell what Google is doing to the Web 2 world, which is a centralized world, like Graph does to the Web 3 world,” Pranav said.
How does Google compare to the Graph protocol? According to Pranav, Google, a centralized company, indexes data from applications hosted in a single cloud storage facility. Unfortunately, due to the nature of decentralized, blockchain-based applications, indexing data for each dApp becomes virtually impossible.
“When we go from the Web 2 world to the Web 3 world, where basically everything is decentralized, you have to index everything. You have to get everything inside the blockchain in a decentralized way, the same way you get everything outside the blockchain.
However, this is only possible if you are using a decentralized web 3 stack, which is exactly the purpose of the Graph protocol, ”explained Pranav.
Pranav further explained that in order to extract data from different storage blocks on a blockchain system, an end user will either have to “go through everything” or use the Graph protocol to perform the extraction.
Technically, the Graph protocol listens to multiple blockchains, stores the exact data that is required, and then passes it in a decentralized version through its proprietary GraphQL, which is then accessible as an OpenAPI that can be served to various dApps.
Essentially, this means that the Graph Protocol will help build the infrastructure that will allow other projects to grow on top of it. For example, other initiatives such as NFT solutions, marketplaces and decentralized exchanges (DEX) which are now widely accepted today can take advantage of the Graph protocol indexing solution.
“The graphics protocol is essential for the Web 3”
The Graph Protocol, according to Pranav, is an essential component of the Web 3 infrastructure. In particular, the protocol is used by any decentralized application in order to study and store all the relevant information supplied by the users in chain.
It also means that a developer can easily filter and access any information that may be needed to create a blockchain initiative using the Graph protocol, which like Google, crawls and tracks all the data present on any installation of blockchain with which it interfaces.
Giving examples of practical use of the Graph Protocol, Pranav referred to a situation where a developer creates a DeFi application.
Apparently, in order to create a DeFi app, it is necessary to have an analytics page that shows all the chained app scans, as well as the chained activities performed by the user. To achieve this, a protocol like Graph is required:
“If you have an NFT market, for example, you should use The Graph to monitor or see any on-chain NFT trades as well as other ongoing activity. Also, you need the graphical protocol if you have a metaverse like Decentraland because it can be used to facilitate trade and see all the data on-chain and make it available to the user, ”noted Pranav.
The chart works to index non-EVM strings
Primarily, the Graph Protocol is designed to decentralize the process of querying and indexing data, given the growing application of blockchain technology. This also means that the end goal of the protocol is to have every decentralized application that exists, or that uses a centralized indexer, to use the Graph protocol on the Graph network.
That said, the Graph protocol intends to extend its indexing capabilities to other blockchain networks beyond those that use Virtual Machine (or are EVM-enabled). It also implies that the protocol must find a way to optimize its indexing process, in order to accommodate the likes of and Matic, who support a much faster block time.
Ultimately, the long-term goal of the Graph protocol is to become the Google of blockchain as everything moves to web 3.0 infrastructure.
On the reverse
- Getting people to understand the importance of Web 3.0 and decentralization is a challenge, as is getting people with little or no technical knowledge to understand how the Graph Protocol works.
- Moving apps from a free hosted service to a paid service is also a bit tricky given that you need to pay to probe a request on the graphics protocol.
Why should you care?
The end of the Web 2.0 era is fast approaching and a platform like the Graph Protocol will be needed sooner rather than later to manage the data on the decentralized web in an orderly fashion. A Google-like protocol-less Web 3.0, on the other hand, will be catastrophic, especially for end users.
Watch the full interview here:
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