The Graph (GRT): A Big Data Coin

The Graph (GRT) jumped significantly in January and managed to hold onto the gains.

The Graph (GRT) jumped significantly in January and managed to hold onto those gains. What's behind the project?

A quick look at the project

Take a closer look at the project and you can’t miss the use case: The Graph (GRT) aims to simplify data transfer across blockchains. Right now the project focuses on the Ethereum blockchain and offers tools to pull data from the blockchain. The current hype keyword, which has certainly contributed to the recent price rally: Big Data. Combined with blockchain tech, there are plenty of use cases where data is processed.

In all of this, the GRT token plays a key role. The project uses an internal incentives system to drive platform use. For example, those who act as indexers and provide dApp data to consumers receive GRT tokens. The same goes for validators and network participants who review the data provided.

The official GitHub account is also continually updated, which speaks to an active developer community. Even the number of open positions suggests further development will likely happen here in the future. Unlike many other projects that put heavy emphasis on marketing, a large portion of the roles here are engineering-focused.

How much AI is in The Graph (GRT)?

In fact, the project’s dream performance also seems tied to the idea that The Graph (GRT) sits near artificial intelligence (AI). In reality, it’s a Big Data coin where AI at best plays a secondary role.

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