Convert
Israeli New Shekel (ILS) to The Graph (GRT) Instantly
Purchase The Graph (GRT) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.
About
The Graph (GRT)
The Graph (GRT) is a decentralized indexing protocol for querying and organizing data from blockchains, akin to a search engine for the Web3 ecosystem. It addresses a critical challenge in blockchain technology: the difficulty of efficiently retrieving specific on-chain data. Before The Graph, developers had to build and operate proprietary indexing servers, a resource-intensive process. This protocol provides a foundational middleware layer, enabling decentralized applications (dApps) to query complex smart contract data through open APIs called subgraphs, significantly streamlining the development of DeFi applications and other Web3 infrastructure.
At its core, the network utilizes a work token, GRT, to coordinate participants: Indexers, Curators, and Delegators. Indexers operate nodes and stake GRT to process queries and provide indexing services. Curators are subgraph developers or data consumers who signal which subgraphs are high-quality by staking GRT. Delegators contribute to network security by delegating their GRT to existing Indexers. This tokenomics model creates a vibrant data economy powered by cryptographic security. By leveraging GraphQL as its query language, The Graph offers a powerful tool, solidifying its position as an essential component for building truly decentralized applications on a global, verifiable digital ledger.
How to Buy The Graph (GRT)
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Frequently asked questions
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What is the primary method for purchasing The Graph (GRT) with Israeli Shekel (ILS)?
The most common method is to use a regulated cryptocurrency exchange that serves the Israeli market and offers ILS as a fiat on-ramp. Users typically need to complete KYC/AML verification, link an Israeli bank account for a direct transfer or use a local credit/debit card, and then execute a trade on the ILS/GRT order book to acquire this digital asset for the Web3 data economy. -
What fundamental role does The Graph (GRT) play in the Web3 ecosystem?
The Graph is a decentralized indexing protocol for querying networks like Ethereum and IPFS. It allows developers to build and publish open APIs, called 'subgraphs', making blockchain data easily accessible. GRT is the utility token used to secure the network, with participants like Indexers, Curators, and Delegators staking GRT to provide services and earn query fees, powering the data layer for dApps. -
How can I securely store my GRT tokens after a successful ILS to GRT transaction?
For secure digital asset storage, it is strongly recommended to move your GRT tokens from the exchange to a personal digital wallet where you control the private keys. Options include hardware wallets (cold storage) for maximum security or reputable software wallets (hot storage). This practice minimizes counterparty risk associated with leaving assets on a centralized trading platform. -
What are 'subgraphs' in The Graph's protocol and why are they important?
A subgraph is an open API that defines what data The Graph will index from a blockchain like Ethereum and how it will be stored. Developers create subgraphs to organize blockchain data, which can then be easily queried by decentralized applications (dApps) using a standard GraphQL API. They are crucial because they eliminate the need for dApp developers to build and manage their own proprietary indexing servers, accelerating Web3 development. -
Are there any specific economic roles for GRT token holders within The Graph's network?
Yes, the network's tokenomics are designed around three key roles. 'Indexers' stake GRT to operate nodes and process queries. 'Curators' stake GRT to signal which subgraphs are valuable and should be indexed. 'Delegators' stake their GRT with Indexers to help secure the network without running a node themselves. All three roles can earn a share of the network's query fees, creating a robust data economy.