What is Graft?
Graft means unite, it's is a worldwide, publicly released, blockchain-based, decentralized installment portal and preparing stage that anybody can utilize, it's not limit to crypto currency only like all other ICO. Any purchaser and dealer can utilize Graft in a totally decentralized, that's no one controlling and still it's reasonable way. Graft utilizes customary electronic installment frameworks, for example, credit, cash, and prepaid cards, which are as of now recognizable to and trusted by a huge number of clients. This approach empowers less demanding and quicker appropriation of Graft as a standard payment gateway for purchasers and shippers.
How to use MOBILE APPLICATION?
Mobile application is as easy as you can think, just scan BR code and pay the amount, that's all.
Why Graft
1.GRAFT's supply is limited to 18,446,744 coins just like of Bitcoin, limited supply means unlimited future.
2.Graft is not Ethereum based TOKENS, it has own blockchain, it's not depenable on another currency.
3.Graft able to solve major issues of crypto currencies like of "Lack of incentive for miners", "Threat of DOS attacks", and "Uncontrolled growth of blockchain."
4.Graft uses three supernodes like Proxy Supernode, Miner Supernode, and Full Supernode.
5.Graft cares about both the merchant and the customer simultaneously.
6.GRAFT (coin) is the most secure, private, and least expensive way to transfer funds.
7.There are multiple elements of the Graft user wallet:
Types Secret? What to do?
Private spend key Secret Required to spend money; stored in the wallet app.
Private view key Semi-secret Required to see the balance & previous transactions.
Payment address Public Required to receive money.
Project Summary
It's a non-profit company whose software is open source and which aims to launch a network of points of sale accepting cryptocurrencies, with low fees, faster transaction processing, without recourse to banks and thus aims to allow wider acceptance of crypto. thanks to ease of use.
With the sole aim of allowing merchants to accept several cryptocurrencies simply as a payment in cash or debit card and thus allow the greatest number to spend its crypto, GRAFT is attacking a collosal market.
Like many other cryptomonnaies, including BTC and ETH, GRAFT is really designed to become a currency in the same way as FIAT currencies and in this, its fungibility thanks to Cryptonote is a strong point.
Graft believes it has found a way to overcome problems (scalability, fungibility, ease of use etc) through a secure network based on its own GRAFT Blockchain.
GRAFT becomes a gateway between merchants, customers, brokers, exchanges and banks.
Here is a diagram summarizing the operation of the GRAFT eco-system.
Seven months later, where are they?
In my previous article, even before the ICO was finished, GRAFT had already launched its Testnet.
As planned in the roadmap,
today are available :
1.MainNet that I let you discover if you're curious :-)
2.Wallet available on mobile client and desktop :
3.Cryptofind App.
As our app for discovering and listing crypto-friendly merchants is gaining more popularity among crypto enthusiasts, we periodically release new features and bug fixes. In recent CryptoFind version, in addition to bug fixes, we added a possibility to take a picture of the GRAFT sticker on the merchant’s window so the users can earn better bonuses.
Source
Their partnerships
I couldn't talk about GRAFT without mentioning their partnerships with Verifone and Ingenico, two POS giants (Point Of Sale).
I know Ingenico very well and it is very widespread in France and I myself used this terminal, a few years ago it was my POS when I had my restaurant.
So thanks to partnerships, no need to change POS and make unnecessary expenses for the restaurant to accept the cryptocurrencies, the GRAFT app is directly available on your terminal screen!
Asthis post indicates,
After working closely with the Verifone team over the last six months on developing and certifying GRAFT Network integration using Verifone’s brand new Connect application platform, we’re proud to announce passing of the main phase of the rigorous certification process as of the end of last week, making GRAFT one of the first applications on the platform and first one to enable cryptocurrency payments using Verifone’s interactive series payment terminals.
And the best for last, RTA (Real TIme Authorization) scheduled for August 2018.
"Here is the “10,000 foot view” of RTA – simplistic, optimistic sequence diagram of the RTA flow:"
Transactions via the Graft blockchain network will be confirmed in real time using full supernodes.
Do you realize, with most cryptocurrencies, it's impossible to make a purchase in the shop because you imagine having to wait several minutes for the confirmation of a transaction?
You wouldn't be happy :-( and neither would the seller and that's normal.
When the BTC transaction fee was overpriced, I had read an article from a man who said he had paid a drink in a bar for $7 and $10 fee. This is crazy!
Remember the Cryptokittiesthat completely congested the Ethereum blockchain.
That is why RTA is so important in the GRAFT project.
Cryptocurrencies payments will only become mainstream if they are, at a minimum, immediate and inexpensive.
On this subject, I found this comparative table GRAFT vs other cryptocurrencies and Paypal for payment processing applications very interesting.
GRAFT Merchant sing-up sheet/survey
Here are some videos of how this is used
Verifone Terminal Integration
Conclusion
Running on its own blockchain sets the GRAFT blockchain project apart from its competitors that are based on the ERC20 tokens. There is full benefits for customer and merchant by Graft. Even miners and nodes are well equipped. Graft utilizes customary electronic installment frameworks, for example, credit, cash, and prepaid cards, which are as of now recognizable to and trusted by a huge number of clients. Graft will going to act as uniting force among cash, credit cards and crypto currency.
Graft Team
More Information & Resources:
https://www.graft.network/
GRAFT2018