REAL-TIME PAYMENT BLOCKCHAIN

GRAFT Weekly Development Status Update December 19th, 2018

Hi everyone, this is our weekly update on GRAFT development activities.

During active public RTA alpha testing, the GRAFT core development team and community have identified several issues with current RTA design, and we are currently working on updating and enhancing the design. All issues and design updates are either already published or will be published soon on github for community review. It’s important to note that there are no fundamental issues in the supernode RTA concept, but some mechanisms such as the authorization sample selection algorithm and supernode proof of stake require some enhancements to ensure overall security and stability of the RTA system. Stay tuned for new and updated RFCs coming.

The core developers also were working on merging recent Monero updates and bug fixes. A couple of hard-to-find deadlocks were fixed, and the fixes are in test cycle right now. Connection management is more robust now. We are working on a “big” Monero merge (we missed some updates but are now catching up), and the first intermediate milestone has been reached.

Meanwhile, the application development team continues working on another part of the GRAFT ecosystem, which we call “customer facing applications”; it includes the mobile and desktop wallet and point of sale apps, payment gateway, hardware payment terminal apps, hardware wallet and payment card (ColdPay), the CryptoFind app, and more. The most important activities in our scope last week were work on an integration plugin for WooCommerce/WordPress (payment gateway), preparation for Verifone testing (terminal app), implementation of Monero transaction multi-signing (hardware wallet on ColdPay card), and Ethereum pay-in exchange broker testing.

Looking forward to another exciting week and Happy GRAFTing!

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.