Someone perceives a crypt as a means speculation, and someone else - as an investment tool.
And in order to distinguish worthwhile projects from so-so, it is necessary to understand at least some of the fundamental foundations of any project.
For example, on the fingers.
I recently learned about such a token - GRT, used within the ecosystem The Graph.
What is The Graph?
The Graph is a tool for easily extracting data from blockchains through open APIs. In the context of blockchain, it is a tool that allows developers to access data from different blockchains easier and faster. Creating a convenient index (subgraphs) for data systematization is exactly what The Graph implements.
This is a process that helps to organize and quickly find information in a large amount of blockchain data. This concept of data storage in the blockchain is closely related to Web 3.0. And given that we are on the verge of moving from Web 2 to Web 3, it seems to be a very relevant topic.
A real-life example.
Imagine that you have a large data table about users of an online service with fields: ID, Name, Email, Registration date, Last activity, etc. If you want to get information about the actions of a specific user, then without an index you will have to look through the entire table - this can take a long time.
Creating an index.
- Data systematization
If you create an index based on the user ID field, then instead of looking through the entire table, the system will be able to quickly find the right user thanks to this index. This acts as a directory or map indicating where to look for the information you need.
- Multi-field search
You can create a composite index that will include several fields at once (for example, User ID and Registration Date). This will make it possible to quickly find users by both characteristics at the same time.
This is at the blockchain level, where The Graph's work is currently focused on developing an API for all other developers who want their programs to interact with the blockchain (make requests to it and receive back the necessary information).
GRT growth condition: An increase in transactions within the ecosystem (requests to subgraphs) will require more tokens to pay and stimulate participants. The more online activity there is, the higher the demand for GRT.
In other words, blockchain and its flexible management processes (the same GRT) will serve as the basis for the development of any software products in the near future, ranging from the gaming industry and fintech services to medical applications, supply chain management systems and platforms for decentralized social networks.
This will allow us to create more secure, transparent and efficient solutions where users will have full control over their data, and interaction between participants will take place without intermediaries.
I think as a result, we will be able to see a more trusting digital environment that promotes innovation and new business models, including asset management, energy, identity, and many other areas of life.
It seems that such projects should be looked at while they are at the bottom, from the point of view of investment, not speculation.