REAL-TIME PAYMENT BLOCKCHAIN

GRAFT MVP Development Status Update January 2018

Happy New Year 2018! It’s time for another update! As we are getting close to the ICO, the development team is focused on ICO related tasks at the moment. Early GRAFT supporters, who participated in token pre-sale, know that we used temporary NEM Mosaic grf:tokens during pre-sale. However, we promised to run main ICO on real network – GRAFT’s own blockchain – and we are going to keep our promise. The mainnet will be launched right before the ICO, tentatively on January 16th, so ICO participants will be able to use GRAFT wallets and receive freshly baked shiny GRF coins.

GRAFT Blockchains

We are creating three networks (blockchains), all of them open for public access:

mainnet – actual GRAFT blockchain, production network. This is the blockchain that carry real GRF transactions.

public testnet – an exact functional copy of mainnet for public testing of mining, supernodes, wallet apps, etc. The public testnet was recently hard forked to the mainnet release candidate version.

RTA testnet – a branch that contains real time authorization and other “next” features that are not yet available on mainnet.

The mobile wallet app can switch between the three networks.

Network Node and Blockchain Protocol

We have made several changes required for supporting the supernode activities as well as important protocol changes. One of the main changes is “X100” – increased emission of GRF. The total supply has been increased from 18 *10^6 to 1.8 * 10^9. Read more about the reasons for this increase in this blog post. Note that the majority of GRF will be still gradually emitted via mining within several years. We haven’t modified the emission curve or the number of atomic units; it’s basically just a decimal point that has been shifted by two positions.

Supernodes and Mobile Apps

We are in the middle of implementation of the most important core feature of GRAFT blockchain: RTA (real time authorization), aka “instant approval”. The initial workflow and DAPI have been developed and will be available for public alpha testing on special separate RTA testnet. The mainnet will support a limited supernode and mobile wallet functions at the moment, until the RTA functionality is fully developed and thoroughly tested and debugged. The payment terminal application will be also available through the RTA testnet. CLI (command line interface) wallet currently supports full funds transfer functionality, and can “backup” the mobile wallet by using import / export functions when necessary.

Solo Mining and Mining Pools

Mining is a key function of successful decentralized blockchain. Both “solo” and “pool” mining will be available at the time of mainnet launch. For people who do not want to create their solo mining rigs but still want to participate in GRAFT mining we are creating two mainnet mining pools. Along with the existing test pool, those mining pools will be maintained by GRAFT team and open for anyone to participate. We also provide assistance for anyone who wants to run their own GRAFT mining pool or become a solo miner and eventually a supernode operator. Please check the testnet page on GRAFT website and Getting Started page on the test pool site for mining instructions. Those pages will be constantly updated with more information and various mining instructions and tutorials. Also, please check GRAFT Youtube channel for mining instructions and GRAFT explanatory videos. Happy GRAFT mining!

About GRAFT Project

GRAFT is a blockchain based payment processing network the 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 adapting to local regulatory environment. In addition to decentralization, GRAFT solves four biggest problems that exist in cryptocurrency at a point-of-sale today – privacy, speed, fees, and integration. Technically, GRAFT Network is a two layer (proof-of-work and proof-of-stake) blockchain with proof-of-stake based authorizations and economically incentivized participation with opportunities for mining, authorizations, in-network exchanges, gateway hosting, merchant services, etc.

GRAFT is open-platform, open-source, community project.
Opportunities are available to invest in GRAFT project with additional funds going towards marketing, liquidity (exchanges), additional dev resources, and new initiatives. If you are a qualified (accredited) investor who’s interested, please contact us at invest@graft.network and we will work to match you up with an appropriate investment option.

And of course we will never say no to project donations, providing you with lots of karma points (and an honorable mention on GRAFT site). To donate please send an email to info@graft.network and we will generate a unique donation address for you.