Graphlinq is an advanced engine for blockchain data monitoring and development. The platform was built from the ground up to eliminate the technical barriers associated with the creation and execution of blockchain and DeFi applications. The platform’s unique setup allows anyone to create secure and professional Dapps without having to learn new programming languages or enter lines of code.
What Problems Does Graphlinq Attempt to Fix?
Graphlinq seeks to alleviate one of the oldest problems facing the blockchain sector, a lack of trained professionals. There are tons of regular users who have amazing concepts and projects but are unable to get past the first steps of development due to a lack of skills or funding. Here's how Graphlinq attempts to eliminate these concerns.
Technical Barriers
One of the biggest hold-ups for those seeking to create a new blockchain-based project is a lack of technical understanding. If you have never programmed before, or are new to the crypto sector, creating a helpful Dapp may seem like an impossibility. However, the developers behind Graphlinq seek to alter your thinking via their unique setup.
The platform's plug-and-play design enables regular users to build complex workflows across multiple blockchains and off-chain apps without previous experience. If you have ever used a website block builder, you can navigate and operate Graphlinq's network.
Financial Barriers
Another hindrance to large-scale adoption and the expansion of the blockchain ecosystem is financial barriers. Aside from the costs of hiring a developer, there are also costs associated with the execution of smart contracts. Graphlinq leverages a unique execution fee structure that reduces the overall costs of these actions. For example, you pay only a small GAS fee in the form of the network native utility token GLQ when you execute a graph (.glq file).
Benefits of Graphlinq
Providing the average user with an easy-to-use method to develop Dapps is sure to bring some major advantages to the forefront. Graphlinq is designed to integrate automation where ever possible. You can leverage the network's DeFi data monitorization options and expand your Dapps capabilities. Best of all, the platform has a high level of interoperability with other top blockchains. For example, you can connect directly to an Ethereum/BSC data-feed.
Flexibility
As part of their approach, Graphlinq went to great lengths to ensure their platform was flexible enough to support all types of developers. You can integrate external executions over multi-chain applications. You can also set up your Dapp to retrieve data from both decentralized and centralized streams. Further your strategy by integrating your centralized server using the network's webhook or live WebSocket options.
Secure
Graphlinq is all about keeping your crypto safe and your Dapps reliable. The network recently underwent an audit by the well-known security firm CTDSEC. The report’s findings are now publicly available for those interested in more information on the process and results.
Deflationary
Another bonus that investors will find helpful is the network's deflationary protocols. All GLQ fees used in the execution of smart contracts automatically get burned. This strategy helps to ensure that the market demand continually outweighs the supply. In this way, Graphlinq's developers gain an extra layer of control over their project's token value.
How Does Graphlinq Work
At this time, Graphlinq is an Ethereum-based network. However, following the successful completion of their crowdfunding event, the developers are set to introduce a native blockchain. According to the firm's roadmap, their new network will be a Proof-of-Stake blockchain that supports features such as staking.
Data feeds
One of the core components of Graphlinq is its real-time analytics. These data streams allow developers to make unique and responsive Dapps to fulfill the needs of the market.
Graphs
Another crucial element of the Graphlinq ecosystem is its Graphs. Graphs are drag-and-drop plug-ins and templates that simplify Dapp creation and blockchain programming. You can choose between the platform's extensive library, or create your own. Graphs make it easy to accomplish tasks such as setting up a trading bot, integrating basic scripted logics, or automating arbitrages on DEXs.
Testing
Once you have your protocol ready to go, you can test it out in Graphlinq's testing sector. This feature provides a lot of helpful tools including a stack trace. You can also see the exact path of the execution of your graphs to figure out ways to streamline your creation even more. Best of all, testing your protocol will also reveal the true costs associated with its execution.
GLQ token
GLQ is the network's native utility token. This digital asset is designed to provide users with more flexibility and earning potential. You receive rewards in GLQ. You also use this token to fund the execution of smart contracts on the platform. Best of all, you can earn rewards by staking GLQ.
Staking
You can secure a passive income by staking your GLQ tokens. Staking protocols allow anyone to earn rewards when they help to secure the network. They provide reliable ROIs and are less risky than trading your crypto, especially for new users who have no experience in the market.
Marketplace
In the coming months, Graphlinq intends to integrate a peer-to-peer marketplace for Graphs. Anyone will be able to both buy and sell Graph templates using this feature.
Governance
Another future development to look forward to is the integration of a community governance mechanism. Graphlinq's developers have stated they will create a DAO (decentralized autonomous organization) to help pilot the project's developments. This protocol will enable regular users to have a say in the network and how it progresses over time.
History of Graphlinq
Graphlinq launched in early 2021. Uniquely, its Beta network was made available to the community prior to the start of the network's crowdfunding campaign. The platform has seen considerable interest as this week saw the private presale hit its goal in under ten minutes.
How to Get Graphlinq
For those interested in participating in Graphlinq's initial liquidity offering (ILO) you can find out more information here. The network has chosen to host this event on Uniswap and via Uncrypt. Integrating Unicrypt was a wise maneuver as the platform is known to support quality projects in the market.
Graphlinq - Simplifying Blockchain Development in New Ways
Given the current momentum of the market and the desire of users to participate more in the industry, Graphlinq appears to have hit a niche market. The concept of using drag and drop protocols to streamline blockchain development could provide average users with motivation to enter the technical side of the industry. For these reasons, Graphlinq appears to be positioned wisely. Expect to hear more from this team as the project’s roadmap goes into action.
