What is Graft?
GRAFT IS A DECENTRALIZED SYSTEM WITH A FUCTIONING ICO THAT ALLOWS BUSINESS VENTURES ACCEPT CRYPTOCURRENCY PAYMENTS (see website 👎 for more info)
GRAFT is a retail-oriented payment blockchain and a decentralized alternative payment processing network that brings cryptocurrency to the point of sale and beyond (via website)
Graft will not only become a payment system, it will help cryptocurrency share the monopoly of fiat currency's payment system far above wallet to wallet which of course is a beautiful way of introducing people to decentralised marketing, which in turn can help increase the patentability of cryptocurrency.
Visa cards and master cards are not infallible, in a situation where they seems to have faltered graft will not provide a competitions, but it will provide a solution in using cryptocurrency to pay for purchases
Graft is of course smart, it intends to take away the certainly of time wastage in transactions of payment by being totally decentralized without having to require centralized processes of networking, authorization, it will now introduce super fast (RTA) two layer network with supernodes which will make transactions even better more reliable and trust worthy.
Graft of course offers transaction types and choices by giving users choices to select transaction types a whole lot of people feels cryptocurrency is too upstate and too mainstream that is do not have enough flexibility beyond it's wallet capabilities. but graft will end this by allowing people multi choices of buying, paying and even allow anonymity
WHY GRAFT?
Cryptocurrency acceptance will however not be fully entrenched if it's doing job of being used for payment and purchases, and that's still the most major stumbling block of cryptocurrency acceptance, now GRAFT changes all this. With it's super fast RTA merchants and customers can select to accept and pay in any cryptocurrency of their choosing with real authorization that confirms transaction. The merchant's still continue trading without hastle just like the usual system of payment terminal however promoting cryptocurrency widespread through.
Graft inculcates the terminal system payment just like credit card and master card, this is advantageous because it allows people easily key into the regular type of payment and purchases they're used to and not having to study a whole new alien system.
Verifone and Ingenico payment terminals easily installed on the phone of the customer and the Graft owned by the merchant.
Just like this video (video owned by Graft)
How it Works?
We all know Bitcoin right? It was created as a digital peer-to-peer secure currency or "online cash" but the catch that came with the initial decentralization was the slow transfer times of the network where sometimes you could only have to wait for 10 minutes or multiple hours and lets be sincere here, no one wants to process payments 10 minutes at a time, thats not how you run an efficient business and thats the reason many believe blockchain adoption has not exploded yet, because of the speeds of the transactions but this is not 2008 anymore and many projects out there well aware of the issue are working to fix this and some have found great success.
The Solution
The team behind Graft offers a relatively simple but innovative solution to the problem, they call it "Real-Time Authorizations" what this does, contrary to other blockchain projects and crypto currencies is process transactions in real time (the target for every transaction is 3 seconds or less, you can clearly see the advantage here when running a business over something like bitcoin, which would take anywhere from 10 minutes to hours to confirm a single transaction) and better yet, all of this is achieved without the customer having to pay those big hefty fees that bitcoin has.
The transaction fee goes to the merchant/the business owner and not the buyer and even then the transaction fee is minimal compared to other crypto currencies, this happens because the merchant is part of the authorization process of the transaction, working like a node himself.
Four GRAFT qualities that ensure success
NO BUYER LIKES TO PAY MORE, so the use of the platform and its payment tools are free for your client, only a small percentage is paid by the trade, a percentage that is lower than what most of today's the credit card platforms, so be sure there is no overcharge and your customer remains happy
GRAFT COINS ARE ACCEPTED, with the implementation of technology in daily sales point, people will gain access to an existing global network, so their cryptocurrencies become money practically in cash, giving the customer the mobility he needs and granting to the business a powerful tool to increase your sales
DELIVERY BETWEEN PORTFOLIOS OF THE PLATFORM ARE FREE, so the use of these carry a zero collection, encouraging the use of the same by the users of the platform
EASY TO RECHARGE I EXCHANGE ASSETS, so users can make payments in any accepted currency, quickly and safely, this generates the fluidity of the ecosystem and ensures rapid adaptation of people
Scalability
The scalability of a given payment network is the ability to process a large number of transactions simultaneously without degradation of performance. Scalability of the payment network is usually measured in tps (transactions per second). For example, Visa claims its authorization network is capable of processing 56,000 tps, while the Bitcoin
network is restricted to a sustained rate of only 7 tps.
Some of the measures that the GRAFT network uses to achieve higher scalability are decreasing the block creation interval to two minutes and removing the size limit of the block so that transactions blocks are created more often and each block can accommodate more transactions.Such measures are not unique and are similarly implemented by other cryptocurrencies and cryptographic tokens.
GRAFT, however, is maintained by always-on high performance supernodes that validate and authorize transactions in real time. Therefore, each supernode not only has a most recent copy of the full blockchain but also keeps a list of all pending authorization requests and completed transactions until they are added to the blockchain. Such architecture allows for the absorbing of large spikes of associated requests (for example, seasonal, events driven, and other changes in buyers and merchants activities).
With this innovative method, the platform seeks to create a solution to the scalability problems of the bitcoin and ethereum ecosystem, a problem that monopolizes world attention due to the complication it brings to the network and the projects born in these, acting as a brake on the time to produce improvements and expansions of different branches of the industry
The importance of taking your business to the next level
Currently, having a banking terminal has become a necessity for all businesses in the world, due to the large number of cardholders that exist. It is estimated that in Latin America more than 80% of the economically active population has one or more credit or debit cards
Adapting to changes has become necessary for all companies to grow. In the markets and industries there is a growing number of offers which makes competition more difficult. Companies must have the capacity to adapt to technological, economic and social changes. In this way they will have a greater chance of overcoming their competitors, differentiating themselves and becoming benchmarks in their industry.
Technology has provided businesses with tools so that they can grow and increase their sales. However, many entrepreneurs have not yet joined in implementing this type of tools. In a world where there are technological innovations every day it is important to know how to adapt business to These, incorporate technology such as control software, computer equipment and a POS terminal or point of sale is key to grow.
On the other hand, the cryptocurrency advances in the market, but there is a wall that slows down its growth permanently, it is the impossibility of not being able to make micro payments and many people need to make use of them in their daily life, I want to pay for a coffee with my virtual wallet and I can not? If it is the economy of the future, we must move forward and derive these barriers that hinder the total progress of the blockchain
To my point of view, it is a natural step that is taking place with GRAFT, it is the step to follow and it is good that it is already among us !!
I invite you to watch his introductory video
GRAFT Blockchain allows using your favorite cryptocurrency at point of sale
Quick exchanges enable transfer among currencies at the time of payment, enabling “pay with any currency” features
Transaction fees are small, proportional to the transaction amount, and always charged to the merchant :-just like with traditional credit card payments, only much smaller. Micro purchases with cryptocurrency will be finally affordable
GRAFT Blockchain also offers variety of options for the eco-system partners to be part of the network and earn income while providing services:
Supernode owners process transaction and earn fees.
Independent software vendors create back-office and other types of applications on top of the network.
Service Brokers provide merchant, pay-in/pay-out, arbitrage, and other services to the network.
GRAFT ICO
More Information & Resources:
GRAFT
GRAFT WhitePaper
GRAFT Twitter
GRAFT BTCTalk
GRAFT Facebook
GRAFT Reddit
GRAFT YouTube
GRAFT Medium
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