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Information about "Graphlinq Chain"
What exactly is GLQ?
GLQ serves as the native cryptocurrency within the Graphlinq ecosystem, operating on the Ethereum platform as an ERC20 token. It is instrumental for running graphs on either the platform's test net or main net, enabling various blockchain processes that automate tasks, trigger events, and more. As the ecosystem expands, GLQ is expected to be applied in additional scenarios, as outlined in Graphlinq’s official documentation.
Can you explain Graphlinq Chain?
GraphLinq Chain is a blockchain utilizing the Proof-of-Authority (PoA) consensus mechanism, developed to enhance the GraphLinq Protocol and support other decentralized applications (dApps). This blockchain aims to enable the creation and execution of intricate automations in a decentralized, trustworthy fashion without requiring intermediaries. It is compatible with the Ethereum Virtual Machine (EVM), making it suitable for Ethereum-based smart contracts and dApps.
The GraphLinq Protocol encompasses several components, including the GraphLinq Hub, GraphLinq IDE, Instant Wizard App, Engine, and Marketplace, all crafted to simplify the process of building and deploying automation. At its essence, the GraphLinq Hub focuses on decentralized exchange features that will attract both seasoned traders and newcomers, streamlining and enriching their trading experience. The network is powered by the GLQ token, which is used to cover gas fees for transactions, as well as in the GraphLinq IDE and Marketplace. Additionally, the GraphLinq Chain offers a geographically distributed network of RPC nodes, ensuring better accessibility for users across different regions. There are also intentions to expand the network with more validators in the future, aiming for increased decentralization and security.
The GraphLinq Protocol encompasses several components, including the GraphLinq Hub, GraphLinq IDE, Instant Wizard App, Engine, and Marketplace, all crafted to simplify the process of building and deploying automation. At its essence, the GraphLinq Hub focuses on decentralized exchange features that will attract both seasoned traders and newcomers, streamlining and enriching their trading experience. The network is powered by the GLQ token, which is used to cover gas fees for transactions, as well as in the GraphLinq IDE and Marketplace. Additionally, the GraphLinq Chain offers a geographically distributed network of RPC nodes, ensuring better accessibility for users across different regions. There are also intentions to expand the network with more validators in the future, aiming for increased decentralization and security.
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