Bitcoin (BTC) is a decentralized digital currency. Its transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The process of verification and record, also called mining. Every 10 minutes, the successful miner(as well as network node) finding the new block is allowed by the rest of the network to collect for themselves all transaction fees from transactions they included in the block, as well as a predetermined reward for newly created bitcoins.
Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and began to use in 2009, when its implementation was released as open-source software. The word "bitcoin" was defined in a white paper(https://bitcoin.org/bitcoin.pdf) published on October 31, 2008.
The Library of Congress reports that, as of November 2021, nine countries have fully banned Bitcoin use, and a further forty-two have implicitly banned it. A few governments have used bitcoin in some capacity. El Salvador has adopted Bitcoin as legal tender, although use by merchants remains low. Ukraine has accepted cryptocurrency donations to fund the resistance to the 2022 Russian invasion. Iran has used bitcoin to bypass sanctions.
Recently, Bitcoin has two notable new features. First is Lightning Network(LN), which is a "layer 2" payment protocol that operates on top of Bitcoin and other cryptocurrencies. It aims to facilitate fast transactions among participating nodes and is proposed as a solution to Bitcoin's scalability issues. The Lightning Network allows for micropayments through a network of bidirectional payment channels without requiring the custody of funds to be delegated.
Another is Bitcoin Ordinals, which are a relatively new development in the Bitcoin ecosystem, gaining traction especially in April 2023. They are digital assets inscribed on a satoshi, the smallest unit of Bitcoin. This inscription process is made possible by the Taproot upgrade, which was launched on the Bitcoin network on November 14, 2021. Ordinals are similar to Non-Fungible Tokens (NFTs) and allow users to inscribe various types of content like images, videos, and games onto the Bitcoin blockchain.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Bitcoin (BTC) and review the project details below.
What is the allocation for Bitcoin (BTC)?
Bitcoin distribution, also known as mining, takes place through a decentralized process where newly generated coins are awarded to the miner who successfully validates a new block. Bitcoin has no pre-defined allocation. Speculation persists regarding "Satoshi's Bitcoin Holding" due to alleged early mining, yet concrete proof of ownership remains elusive. All mined Bitcoin is considered in use, except for certain addresses that are confirmed to be inaccessible, known as "burned" Bitcoin addresses.
What is the supply schedule for Bitcoin (BTC)?
Bitcoin's supply is programmed to have a hard-capped limit of 21,000,000 coins that will ever be mined into existence. On the 3rd of January in 2009, the Bitcoin Network began with what's known as the Genesis Block. Miners, who validate transactions, used to receive a full reward for every 210,000 blocks they processed, which happened approximately every four years. This process, called "halving," means that the rewards for miners are cut in half. This will keep occurring every 210,000 blocks until all 21 million bitcoins have been created, which is anticipated to be around the year 2142. Once those 21 million bitcoins are made, there won't be any more new ones. From then on, miners will make money from the fees paid for transactions.
The Graph is a decentralized indexing protocol that enables developers to efficiently query and retrieve data from various blockchains. Launched in 2020, The Graph allows users to build and publish open APIs, known as subgraphs, which facilitate the extraction of blockchain data for use in decentralized applications (DApps). By providing a robust framework for querying complex data structures, The Graph enhances the accessibility of blockchain information, promoting interoperability and innovation within the Web3 ecosystem. Its native token, GRT, is used to incentivize network participants and ensure the integrity of the indexing process.
The Graph (GRT) primarily belongs to the blockchain and cryptocurrency sectors. It is often categorized under the Others sector, reflecting its unique role and functionality within the blockchain ecosystem. Its applications extend into multiple sub-sectors and industries due to its versatile functionality, including:
For more information about the sector, visit sosovalue.com/sectors/others.
The Graph is a unique project in the cryptocurrency and blockchain space, primarily because it serves as a decentralized indexing protocol for querying data from blockchains. Here’s what sets The Graph apart:
In summary, The Graph stands out by offering a critical service that simplifies how developers interact with complex blockchain data, fostering innovation across various decentralized platforms and applications.
The Graph is a decentralized protocol for indexing and querying data from blockchains, making it easier to access blockchain data efficiently. Its native token, GRT, plays a crucial role in the ecosystem. Here's an overview of The Graph's tokenomics:
The initial allocation of GRT was designed to support the development and growth of The Graph network. The distribution was as follows:
The total supply of GRT is capped at 10 billion tokens. The release schedule is structured over several years to ensure gradual distribution:
Supply management within The Graph ecosystem focuses on balancing incentives for participants while ensuring sustainable growth:
In summary, The Graph's tokenomics are designed to foster a robust ecosystem by aligning incentives across various stakeholders while ensuring sustainable growth through careful supply management strategies.
The Graph is a decentralized protocol designed to index and query data from blockchains, making it easier for developers to access blockchain data efficiently. It plays a crucial role in the Web3 ecosystem by enabling applications to retrieve data quickly and reliably.
The Graph has garnered support from several prominent investors who believe in its potential to revolutionize data accessibility within blockchain ecosystems. Notable investors include:
The Graph was developed by a dedicated team comprising experienced engineers, researchers, and entrepreneurs passionate about decentralizing data access. Key contributors include Yaniv Tal, Brandon Ramirez, Jannis Pohlmann, along with other talented individuals at Edge & Node.
The Graph is a decentralized protocol for indexing and querying data from blockchains, particularly Ethereum. Here's a brief development history of The Graph:
This timeline highlights key milestones in The Graph's journey over recent years as it has grown into a vital component of decentralized application ecosystems.
The Graph is a decentralized protocol designed for indexing and querying data from blockchains. It plays a crucial role in the Web3 ecosystem by enabling developers to efficiently access blockchain data for building decentralized applications (dApps). Below is an overview of the progress and future roadmap of The Graph:
As The Graph continues to evolve, it remains focused on offering scalable and efficient solutions for accessing blockchain data, fostering innovation, and supporting the growing decentralized application landscape.
Bitcoin (BTC) is a decentralized digital currency. Its transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The process of verification and record, also called mining. Every 10 minutes, the successful miner(as well as network node) finding the new block is allowed by the rest of the network to collect for themselves all transaction fees from transactions they included in the block, as well as a predetermined reward for newly created bitcoins.
Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and began to use in 2009, when its implementation was released as open-source software. The word "bitcoin" was defined in a white paper(https://bitcoin.org/bitcoin.pdf) published on October 31, 2008.
The Library of Congress reports that, as of November 2021, nine countries have fully banned Bitcoin use, and a further forty-two have implicitly banned it. A few governments have used bitcoin in some capacity. El Salvador has adopted Bitcoin as legal tender, although use by merchants remains low. Ukraine has accepted cryptocurrency donations to fund the resistance to the 2022 Russian invasion. Iran has used bitcoin to bypass sanctions.
Recently, Bitcoin has two notable new features. First is Lightning Network(LN), which is a "layer 2" payment protocol that operates on top of Bitcoin and other cryptocurrencies. It aims to facilitate fast transactions among participating nodes and is proposed as a solution to Bitcoin's scalability issues. The Lightning Network allows for micropayments through a network of bidirectional payment channels without requiring the custody of funds to be delegated.
Another is Bitcoin Ordinals, which are a relatively new development in the Bitcoin ecosystem, gaining traction especially in April 2023. They are digital assets inscribed on a satoshi, the smallest unit of Bitcoin. This inscription process is made possible by the Taproot upgrade, which was launched on the Bitcoin network on November 14, 2021. Ordinals are similar to Non-Fungible Tokens (NFTs) and allow users to inscribe various types of content like images, videos, and games onto the Bitcoin blockchain.
Above are only for introduction, not intended as investment advice.