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Q: Is Graft payment more secure and private than Credit Card payment?
A: It depends on how you pay or accept payment. Graft platform offers multiple ways to pay (for a buyer) as well as various methods of accepting payment (for a merchant). if buyer pays by Graft plastic card linked to the buyer’s Graft cryptocurrency wallet, he or she relies on merchant, merchant’s payment processor, and acquiring bank, who are not always the best experts in keeping our data safe (remember all those endless mega card data breaches like Target). However, If such a card payment is accepted by a merchant that also uses Graft network and Graft point of sale app, this payment is more secure and private because the Graft card is recognized and handled by the Graft network as internal transaction. This is almost the same as paying with GRAFT itself (graft coins). “Almost” because there are still some “standard” risks associated with using a plastic card, even Graft card, since the card is issued by a centralized institution (otherwise, it wouldn’t be accepted everywhere, including merchants who don’t work with Graft network yet).
GRAFT (coin) is the most secure, private, and least expensive way to transfer funds (although it is important to note that payment is always free for a buyer, because Graft is the only platform that charges transaction fees to the merchant just like in the “real world” of payments, but there are also "authenticated" transfers that are absolutely free for both sender and recipient). GRAFT is the most private and secure way to pay because the payment does not leave the network where all the elements of transaction - sender address, recipient address, transaction amount, and even transaction fees - are encrypted and hidden from public view. Nevertheless, Graft blockchain is still public, and transaction is validated by multiple supernodes. Such a level of security and privacy is achieved by using CryptoNote protocol and additional technology designed by Graft.
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Signed up to translate the whitepaper, I think this one will take a ton of time but this project deserves it
Thank you for your support! You translation is confirmed. |
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looks so promising project, I think for now there is so many option that we can choose to joining one of project that we believe, for me I will think about this project later
Thank you for your support. Let us know if you have any questions about the project. |
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Graft mobile wallet and point of sale apps do not maintain a full copy of the blockchain for obvious reasons. Does it mean the wallet content is stored on supernodes which may compromise its security and privacy?There are multiple elements of the Graft user wallet: - Private spend key - secret - required to spend money; stored in the wallet app
- Private view key - "semi-secret" - required to see the balance and previous transactions
- Payment address - public - required to receive money
In Graft, the Private spend key is always stored at the client (wallet) and never shared with the supernodes. Therefore, it is not the same as credit card when you share you card account number with the merchant, payment processor, and the bank every time you make a payment. If one of them is breached, your credit card can be stolen and used to make fraudulent payments. If any or even all supernodes are “breached”, they don't have your private spend key so no one will be able to "use" your Graft account. The Graft wallet balance is a “hidden” set of previous transactions. It is calculated by scanning all the previous transactions which are stored on the public blockchain but invisible without view key. Since mobile wallet app does not have direct access to the blockchain, the private view key is temporary shared with a single "proxy" (relay) supernode in order to retrieve the wallet balance; the supernode will not store this view key in any database so even if it's “breached” the view key will not be disclosed in most cases. However, even if the view key is disclosed, it only allows to see transactions, not to spend any money. Users (either buyers or merchants) with higher requirements for privacy can host their own private "proxy" supernode with full copy of blockchain. This way they will never share their view keys with the random "foreign" supernodes. Most probably, due to limited processing power and other resource limitations, such a private proxy supernode will not be able to participate in transaction processing and earn any block rewards or transaction fees, but it will still be able to validate transactions and view balances privately by scanning the local copy of the blockchain. For users who cannot or don't want to host their own supernode but still don't trust the entire network, Graft creates a special (free) cloud service with trusted proxy supernodes that are protected by multiple levels of security.
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Changes in Twitter Bounty Campaign Requirements!
We have received a lot of Twitter applications and many of them were approved. Thank y'all!
However, there are many attempts to apply using fake accounts and bots.
We are looking for real supporters who help us communicate our message, so no fake accounts or bots please!
In order to protect ourselves and our supporters, we updated the requirements for Twitter campaign with the following changes.
Twitter Requirements
Your Twitter account must have at least 100 followers.
No fake accounts or bots please!
The account profile must contain:
- personal photo (for personal account) or company logo (for business account);
- link to the personal website (for personal accounts) or business website (company accounts) or LinkedIn profile or other personal or business social network (no FB and no fake accounts!).
- description of the account with personal or business details.
Accounts must have personal tweets, not just retweets from other accounts.
Fakers and bots - if you did not receive approval email within 2 days consider your application rejected and please do not try to claim your rewards.
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Like this project a lot, since the coin holder will have a physical credit cards.
It will give flexibility for all the coin holder if they wish to make use of their coins.
Thank you for supporting Graft project! In addition to obvious benefits for buyer, there is always another side of the transaction - merchant. We provide merchants with the ability to accept both crypto and cards using the same mobile point of sale app. |
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Don't post Graft bounty at here. You should post it in Marketplace (Altcoins) - Bounties (Altcoins) where all ICO projects're promoting. I'm sure a lot of people will join here.
Already posted the bounty campaign in Marketplace (Altcoins) - Bounties (Altcoins). Thanks. No problem. I see the first post at ANN thread, It is too monotonous and unattractive. i recommend you should combination of images and text as soon as you become jr. member. I totally agree. We posted a message in Marketplace (altcoins) asking for help with ann thread design. Did not get any offers so far. https://bitcointalk.org/index.php?topic=2119902.msg21195155#msg21195155Our professional designer is currently working on image version, but he does not have bitcointalk experience. If somebody can point us to instructions or something, we will appreciate any help. |
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i'm interested to this ICO, and what will be rate of the coin in ICO and PRE-ICO
Thank you for your interest in Graft project! ICO rate is 1 GRAFT = 0.00262 BTC. Pre-ICO discount is 30%. More info about Pre-ICO can be found here: https://www.graft.network/pre-ico |
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So many card related projects popping up in the space and this look like another take my money and run. There is no offering from the team that differentiate it from the existing ones, and the list seems to be growing per week
Thank you for your interest in Graft project! What part of our project description made you think this is "take my money and run" project? Maybe we could clarify and answer your particular questions/concerns. We would like to be as much transparent as we can, and we are open to any ideas and comments that would help improve our transparency. We have published the comparison with other cryptocurrencies and PayPal, but perhaps you are right, we should add another table comparing Graft to other offerings in the same space. We will publish such a comparison soon - thank you for the idea! Meanwhile, please let us know if you have any specific questions or concerns, we will try to answer each one of them. Current comparison table: How Graft is Different from Other Cryptocurrencies and Why is it Better for Payment Processing Applicationshttps://www.graft.network/single-post/2017/08/20/How-Graft-is-Different-from-Other-Cryptocurrencies-and-Why-is-it-Better-for-Payment-Processing-Applications |
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Are tenx and others crypto cards competitors?
Yes and no. They are competitors just to the single feature of Graft network - spending debit card - which is just one of the ways Graft is going to enter the mainstream payments. We think about both sides of typical payment transaction: buyer and merchant. Tenx only cares about the buyer, which is definitely important. But what about merchants who want to accept both traditional payments (such as credit/debit cards including tenx) and cryptocurrencies? In order to do that, today merchants must maintain multiple point of sale, payment terminals, and wallet apps which is very impractical. Graft point of sale app accepts both cards and crypto, and convert payouts (payments for proceeds from purchases) to local fiat currency if needed. Another important point - Graft CryptoNote-based blockchain is absolutely private: sender address, recipient address, and transaction amount are encrypted on blockchain and therefore hidden from public view. On top of that, Graft also adds encrypted (hidden) transaction fees which are visible to blockchain reviewers in all existing CryptoNote implementations.
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i have done the task 26 & 27 august.
im surely be glad if dev put a spreadsheet in here so i can track my work more effective.
We are tracking, don't worry, everyone who participates will get great rewards! Thank you for supporting Graft project! |
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I submitted for Vietnamese translation. Hope that you approvals me for this spot  Your application is approved. Thank you for supporting Graft project! All - we just published the list of approved translations here:
Graft Translations Statushttps://docs.google.com/spreadsheets/d/1_u1Os0oHC5H5biwfMwwnrVHxnqQyxbP0cKU0CAzYuZI/edit?usp=sharingName Language Status topbitcoin indonesian Confirmed elegant_joylin Filipino Confirmed Sunil Hindi Confirmed willowliu Chinese Confirmed Polat90 Turkish Confirmed Hue Nguyen Vietnamese Approved We apologize if we could not reply to every single application. Other languages are still open! |
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Hi there!
The bounty campaign is in progress, but all sections are still open and waiting for you!
Twitter is most popular of course so hurry up!
Also, we need more white paper and ann translations.
And we are redesigning the ann message, so any help to enhance the ann posting is welcome!
We are looking for someone to create signatures and signatures campaign!
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What is the amount of graft coin required for Supernode?
Here are additional details regarding the supernodes. We call it supernode because it performs more functions than “traditional” network node, and there are different requirements for supernode owners. Yes, Graft network is open and decentralized, and anyone will be able to run a supernode, but there are different levels of supernode and different conditions (and rewards) associated with each level. - Proxy Supernode is the “entry level” - everyone can install the supernode software and host Relay supernode. The only requirement is public IP, but this can be achieved even with home network. Proxy supernode does not mine or provide services, but it can be useful for several purposes; for example, as a trusted relay for those who have highest privacy requirements, so they can host their own “wallet server”, or for large merchants as a “store server” for even faster transaction processing.
- Miner Supernode can generate revenue by earning block rewards. The only requirement (in addition to public IP) is higher computing power required for PoW mining. Miner supernode is the last step before the next and highest level.
- Full Supernode is both miner and service provider. It cannot perform its instant authorization functions or service brokerage (credit card acceptance, for example) without mining. In addition, performing Full functions requires a stake - collateral balance associated with supernode address. Hence combined PoW/PoS. Miner supernode can mine without a stake but it won’t be able to provide services, i.e. it won’t be able to earn transaction and service fees. Note that Graft miner does not receive transaction or service fees, only block rewards. Transaction and service fees are only paid to Full supernode that mines, has a stake, issues instant approvals, and hosts network service brokers.
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Where is the spreadsheet..?? how can i understand i'm eligible for this campaign or not...?? how can i get Graft Wallet Address..?? Is that mandatory to submit my work in this thread or you can check it manually...??
Thank you for supporting Graft project! You don't need to submit anything in this thread, we will check everything, just submit the forms. We will communicate to you via email. You can find all answers to your questions in the Graft Bounty Campaign document: https://docs.google.com/document/d/1Ph2GsiQPq61cZXemS3ixkWm7Z08C0g2dwiLtlC8XzcQ/edit?usp=sharing |
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hye bounty manager. i have been accepted to join facebook and twitter campaign. just wanna to be clear. do i need to post fb/twitter link in here. or dev team will check it manually to be count?
Hi there, you don't need to post here anything. We will check and count everything. Thank you for your support! |
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