Graphite NetworkPrice

(@G)

Graphite Network is a Layer-1 Proof-of-Authority (PoA) blockchain designed to integrate traditional financial systems with decentralized finance. Its core mission is to create a regulated, scalable, and reputation-based blockchain ecosystem specifically tailored for financial institutions and real-world applications. By focusing on these aspects, Graphite Network seeks to redefine how blockchain technology interacts with the global economy, ensuring secure and compliant interactions for both individuals and enterprises.

The @G token serves several crucial functions. It is used for transaction fees, powering all operations on the blockchain. A small, one-time @G fee is required for account activation, enforcing a "One User, One Account" policy to combat fraud. Users can also pay an optional fee in @G for KYC verification to enhance their Trust Score and unlock more features. Furthermore, @G rewards Entry-Point Nodes and Authorized Nodes for sustaining the platform and processing transactions, with specific allocations based on their roles. It also funds grants for developers building on the network.

Graphite Network offers an optional, built-in KYC system with customizable tiers. It leverages Zero-Knowledge Proof (ZKP) technology to allow decentralized applications (dApps) to verify user identities without exposing sensitive underlying data. This design keeps private user information off-chain, ensuring privacy while meeting regulatory requirements. While KYC is considered vital for integrating with traditional finance and preventing scams, users maintain the flexibility to transact anonymously if they choose, as KYC is not mandatory for basic transactions.

Graphite Network incorporates a unique reputation system where every account is assigned a "Trust Score." This score is dynamically calculated based on a user's behavioral factors and interactions within the network. The primary goal of this system is to foster an environment of transparency and accountability. By providing a measurable indicator of trustworthiness, the Trust Score aims to promote secure interactions among users and dApps. Crucially, this reputation system is designed to achieve these benefits while meticulously protecting user privacy, ensuring that personal data remains off-chain.

Graphite Network employs a Proof-of-Authority (PoA) consensus mechanism known as Polymer 2.0. In a PoA system, transactions are validated by a set of pre-approved and authorized nodes, rather than through energy-intensive mining processes. This approach enables Graphite Network to achieve high transaction speeds, supporting up to 1400 transactions per second (TPS). The PoA mechanism also provides significant energy efficiency benefits compared to Proof-of-Work (PoW) systems, making it a sustainable choice for a blockchain aiming for broad adoption and integration with traditional systems.

Graphite Network is actively focused on integrating with traditional finance through its "Bank Integration Demo" initiative. This strategic effort involves developing the necessary infrastructure and forging key partnerships to enable seamless interaction between blockchain technology and established banking systems. By creating a compliant, scalable, and reputation-based environment, Graphite Network aims to build the bridges required for financial institutions to securely and efficiently leverage decentralized technologies. This proactive approach underscores its commitment to bringing blockchain into mainstream financial operations.