Follow Us @
The Graph launches new smart contracts system focused on Web3 data
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
The Graph protocol announced this Friday (22), a new smart contract system focused on Web3 data, the GRC-20 standard. According to the protocol, the standard seeks to redefine the structuring, sharing and connection of information in decentralized applications (dApps).
According to The Graph, GRC-20 will be a new data standard for Web3. It uses the concept of “knowledge graphs”, which was introduced by developer Yaniv Tal in June.
These knowledge graphs help organize information in a more structured way, creating connections between data and making relationships easier to understand.
The developer proposed replacing the RDF (Resource Description Framework) model, currently used by the World Wide Web Consortium, as it was insufficient to meet the technical needs of Web3.
GRC-20 establishes a common language for structuring information, making Web3 more open, verifiable and composable.
As the statement pointed out, the new system uses three main pillars:
Developers will have the autonomy to define these entities and relationships, allowing specific adaptation to the needs of each DApp. The Graph team announced that it will make practical tools available to make the GRC-20 standard easier to use in the coming weeks.
Since its launch in 2018 and activation on mainnet in December 2020, The Graph has indexed more than 70 blockchains and consolidated itself as one of the pillars of Web3.
Its global network of APIs, called subgraphs, drastically reduces the time needed to develop decentralized applications. A project that could previously take months can now be completed in days, thanks to the efficiency of technology.
Furthermore, GRC-20 promises to transform smart contracts into even more accessible and powerful tools. According to The Graph, this change will strengthen the decentralized ecosystem, while making information integration more agile and scalable.
The Graph launches new smart contracts system focused on Web3 data
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
The Graph launches new smart contracts system focused on Web3 data
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
The Graph launches new smart contracts system focused on Web3 data
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
The Graph launches new smart contracts system focused on Web3 data
