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<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>The Graph introduces Web3 standard GRC-20 to improve interoperability across decentralized applications.</em></li>  
 <li><em>The standard will replace the Resource Description Framework, which does not meet the technical requirements of Web3.</em></li> 
</ul>  
<h5 class="wp-block-heading">On November 30, The Graph <a href="https://x.com/graphprotocol/status/1862627670464635034" target="_blank" rel="noopener noreferrer nofollow">announced</a> the Web3 standard GRC-20, a new data standard that will facilitate interoperability between dApps within the Web3 ecosystem.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/11/On_White_55_optimized_2000-scaled.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/11/On_White_55_optimized_2000-1024x576.jpg" alt="Web3 Standard GRC-20 Introduced to Enhance DApps Interoperability" class="wp-image-294518"></a>
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<p class="has-background" style="background-color:#222222">Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noopener noreferrer nofollow"> </a><a href="https://coincu.com/282672-kraken-lightning-network-is-now-suspended/" target="_blank" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=288824&amp;action=edit" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/259100-tornado-cash-developer-sentenced-in-prison/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/288904-ripple-sec-lawsuit-intensifies-again/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/263533-ripple-stablecoin-rlusd-launch-later-this-year/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/291023-detroit-crypto-payments-to-be-accepted-for-taxes/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/283035-the-graph-upgrades-tooling-for-faster-solana/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=283035&amp;action=edit" rel="noopener noreferrer nofollow">The Graph Upgrades Tooling for Faster Solana dApp Deployment</a>&nbsp;</p>  
<h2 class="wp-block-heading" id="the-graph-introduces-web3-standard-grc-20">The Graph Introduces Web3 Standard GRC-20</h2>  
<p>The proposal, detailed in a blog post by <a href="https://coincu.com/195217-the-graph-migrates-to-arbitrum/" target="_blank" rel="noopener noreferrer nofollow">The Graph</a>, aims to establish a universal data language for Web3, similar to how <a href="https://coincu.com/229243-erc-20/" target="_blank" rel="noopener noreferrer nofollow">ERC-20</a> standardized value on <a href="https://coincu.com/294495-ethereum-eip-7691-update-targets-improved-l2/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>.</p>  
<p>The Web3 standard GRC-20 aims at better structuring, sharing, and interlinking of information across decentralized applications. Created by Yaniv Tal, who introduced the concept of knowledge graphs, GRC-20 is designed to replace the Resource Description Framework (RDF), which has been the framework applied by the World Wide Web Consortium up until now.</p>  
<p>GRC-20 will make creating and consuming interoperable data between various applications on Web3 easier. Conforming to standards of data, information, and knowledge, GRC-20 aims to turn the vision of an open, verifiable, and composable Web3 into reality. The new standard will allow developers and users to use decentralised technologies more effectively.</p>  
<h2 class="wp-block-heading" id="the-graph-s-impact-on-decentralized-app-development">The Graph's Impact on Decentralized App Development</h2>  
<p>The Graph was founded in 2018 and has since grown to become one of the most important projects in the Web3 ecosystem. Its mainnet launched in December 2020, offering a decentralized network of APIs, or "subgraphs," that power the creation of dApps and smart contracts.</p>  
<p>The Graph claims its platform can reduce the development time for dApps from months down to days. Having indexed more than 70 blockchains, The Graph continues to be a key infrastructure provider in the decentralized ecosystem, rewarding contributors with Graph tokens.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Web3 Standard GRC-20 Introduced to Enhance DApps Interoperability

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