About Graph Token (PoS)
Graph Token is the native digital asset of The Graph, an innovative indexing protocol designed to organize blockchain data and provide easy access via GraphQL. This protocol enables developers to efficiently search, find, and publish public data necessary for building decentralized applications (dApps). By leveraging The Graph Network, developers can create serverless dApps that operate entirely on public infrastructure.
The token, utilized within this ecosystem, plays a crucial role in coordinating various activities. Node operators, known as Indexers, stake GRT to process queries and earn rewards. Additionally, users can delegate their GRT holdings to Indexers to help secure the network while also receiving benefits in return.
Curators in The Graph ecosystem enhance the structure of data by signaling their GRT on valuable APIs, referred to as subgraphs. This collaborative approach involves Indexers, Delegators, and Curators working together to organize blockchain data effectively. As a result, they contribute to maintaining a robust global API that supports the growth of decentralized finance (DeFi) and the broader Web3 environment.
Overall, Graph Token serves as an essential utility within The Graph Network, empowering participants to engage in data management and ensuring the seamless operation of decentralized applications. Through its unique design and functionality, GRT fosters a vibrant ecosystem that enhances accessibility and usability of blockchain data.