Graft

GRAFT is a combination (PoW, PoS, DAG) blockchain and a platform that enables a truly decentralized payment network with real-time, universal payment acceptance. Play a part in payment revolution! Contribute to open source development.

It is a fully decentralized, transparent and open-sourced blockchain-based electronic payment and processing project. Also, it provides a similar experience like credit card processing network, with the added security of blockchain and decentralized technology.

Supernodes (SNs) are a type of master node and a foundation of the blockchain, performing off-chain operations like as authorizations, validations, gateway services, support for service brokers, and numerous other activities. They represent the GRAFT Network’s Proof-of-stake layer. Graft Network has 250 active supernodes and it is all set to revolutionize the world with its impeccable services.

Graft Network changed its mining algorithm from ASIC cryptonight_v7 algorithm to RandomXG algorithm. So, the algorithm is updated and adjusted in order to provide a more decentralized ecosystem and obviously to get rid of Field-Programmable Gate Array (FPGA).

Previously, one specific user was mining with FPGA for a low price risking the integrity of the platform. In order to solve the problem, Graft Network has changed the mining algorithm. The new mining algorithm RandomXG is for CPU mining, only.

The RandomXG algorithm is an algorithm of proof of work and proof of stake that replaces the cryptonight_v7 algorithm. Furthermore, Graft Network has created a platform with a high level of encryption which is geared at systems that prioritize privacy and anonymity. Additionally, the Graft team decided to start from scratch and build a new algorithm, an algorithm that combines the finest features of previous algorithm yet provides a new mining base for Graft Network, in particular.

Graft Network does not comprise the safety of its users; it is a 100% safe platform. It is free from high severity and security issues. As a result, the new mining algorithm not only makes the platform safe but it also makes it more decentralized and faster.

Payments have evolved from barter to coins and gold in order to trade and store value, to banks and credit cards to make the process of storing money and paying faster and safer, to digital currencies to eliminate the need for banks as custodians. Now all that’s left is a payment network that’s capable of accepting any currency – digital or fiat, providing the receiver (merchant) a choice of payment method as well.

That’s exactly what GRAFT Network is built to provide, in a decentralized way, enabling you and others like you to participate in facilitating processing of electronic payments and performing currency exchanges (not banks and traditional payment networks)!

GRAFT is short for Global Real-time Authorizations and Fund Transfers, but also represents grafting of the new into the old.

GRAFT Blockchain is built on the idea that the payment industry can benefit tremendously from the democratization brought forward by the blockchain technology, but only when the right technologies are chosen and combined with the accepted industry workflows and systems. When done correctly, this transition to blockchain-based payments will lead to radically improved credit/debit payment system through the combination of lower transaction fees, tight privacy controls, low rates on credit balances, built-in loyalty programs, and connected extra services.

GRAFT payment processing network that functions similarly to a credit card processing network with off-chain authorizations and in-network atomic swap based interchanges. The network is completely decentralized, able to work cross borders and adapts to local regulatory environments. In addition to decentralization, GRAFT solves the four biggest problems that exist in cryptocurrency at a point-of-sale today – privacy, speed, fees, and integration.

Technically, GRAFT is an advanced blockchain with combination of proof-of-work recording layer and proof-of-stake based authorizations, with participants able to benefit both for mining and staking. GRAFT does not maintain administrative controls of the network – the network is decentralized and open to participants fullfilling various functions, building businesses and revenue opportunities, and adopting GRAFT to local market specifics.

GRAFT Network will leverage existing channels and markets (such as MSPs, ISO’s), while opening the field up to small newcomers and brings value to users, merchants, and manufacturers along with intermediaries, opening the field up to a participation economy.

Finally GRAFT is open-platform, open-source, non-for profit project with strong community behind it, with intent to develop towards a fully distributed autonomous organization (DAO).