Is The Graph Ethereums Solution?

Ethereum 2.0 is happen.. when? who really knows lol but it's expect early to mid next year and with it a whole host of new updates to come along with it. One very promising and hopeful thing however is the willingness of Ethereum to work with its layer two solutions such as Polygon. This combination of blockchains I firmly believe is the future and those willing to work with others will skyrocket to new highs. This is why I have strong hopes for Ethereum even though many complain about it and going to a PoS system it's better then them sitting around doing nothing.

Ethereum will be using the ZK-rollups. Unlike Channels or Plasma that other chains use which try and pull the data off and computation off-chain. Rollups however are hybrid in that they move computation and the storage off chain but keep some of the data per transaction on chain. To put the into gas terms a transaction that normally would cost 45,000gas will now only use 300gas on the Ethereum blockchain.

This scalable solution allows for some reduction in transactions however it's not enough for mass scale at the moment. It is however very secure and a way to start elevate the final solution. They have however made a dent and are a good part of the reason why Ethereum fees have drastically come off of their $40+ fee days.

What Is The Graph?

It's a layer 2 token of the Ethereum blockchain that powers a decentralized protocol for indexing and querying data from other blockchains. By indexing the data it's grouped into open APIs called subgraphs. This allows for faster and easier information retrieval from various blockchains allowing for calls to happen to it and verify data.

Overall the core function of The Graph token is to provide scalability with security. It ensures the integrity of the data security within its network. This is done through indexers, curators and delegators with staked GRT which also earns them network fees which pays out at the moment roughly 15%

Short Term Solution

It's important to not that this is only a short term solution. The Graph will most likely be one of the first solutions to come about. In a post from Oct 4th Vitalik announced short term would be sharding + rollups in phase 1 and that sharding is NOT cancelled. However a push to rollups is going to be the priority as it offers 100x scaling without the push to ETH2.0.

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