Good day.
There are several questions:
1) Will this coin be anonymous? Will there be anonymization means? Ring signatures? Shuffle or something else?
2) Will there be smart contracts? What standard?
3) What is the target audience? what is that coin for? What, apart from the speed of operations and innovation, does it give to humanity, users?
Hi Vovannovig.
1. Graphene will not be privacy based, however, because our shards will be customizable with different consensus rules, it's entirely possible to create new shards for privacy. RingCT, Zerocoin...etc. Anybody can develop a shard, and shards can be added dynamically, by community vote, and this won't require a hard fork.
2. Yes there will be smart contracts.
3. Because of Graphene's scalability, the technology opens doors to a vast array of new opportunities that extend far beyond financial transactions. Many dApp platforms exist already, such as Ethereum and Tron, but high gas costs and slow block confirmation times limit their potential. Since Graphene will feature never-before-seen throughputs, its support for decentralized applications will be far smoother and provide a much better user experience. Imagine not having to wait five minutes for your wallet to confirm every transaction and save to the blockchain. Imagine not having ridiculous gas fees with each transaction. Graphene helps to solve this without making significant compromises to decentralization or security.
Graphene will be a lightweight, ultra-fast, and low-cost infrastructure for dApps. The possibilities for use-case are endless, but a couple of examples:
dApps in the Healthcare IndustryThe Healthcare industry currently faces many issues surrounding sharing medical information, treatment history, and medicine distribution. Blockchain technology has the potential to radically reshape the way that these data are stored and appropriated. Another common issue is the theft of health data from medical records, as these are currently stored in centralized locations that are prone to hacks. This hacked data is often sold or held for ransom.
Blockchains specialize in data, and healthcare is certainly a data-rich industry. Its easy to conceive of a dApp centered around the storage of health-related data. Healthcare dispensers in various treatment networks would be able to log on to the decentralized data network to view patient history, which would lead to an improved standard of care regardless of where a patient goes to seek treatment (i.e. if they are visiting a different hospital).
Public health issues such as the current coronavirus pandemic also pose another opportunity for health-related dApps. If a dApp shares information between various health organizations, it could aid in faster development of treatments in the event of an epidemic, as health providers can enter treatment information into a single (decentralized) program to compare results.
DeFi ApplicationsDeFi is perhaps one of the most widely-used implementations of decentralized applications. In fact, the rise of DeFi is what some consider to be the most promising aspect of cryptocurrency. The movement to unbank yourself, and to become your own bank, is perhaps what led to the birth of Bitcoin back in 2009. Decentralized Finance is a very competitive space, with unicorn companies like Compound and Maker DAO leading the pack. Graphene's extremely fast network and low fees would certainly provide a much needed competitive edge in this space.
Logistics & TransportationThe transportation industry faces a multitude of challenges and inefficiencies that could be mitigated by blockchain technology. Nearly all of these issues relate to procedures and payments, which frequently experience delays a number of which are caused by payment disputes. Since blockchain payments are permanent, infungible, and peer-to-peer, the already existent use-case of cryptocurrency as a method of payment could solve these types of problems. Its also important to note that the transportation industry processes a vast array of documents. An estimated 20% of the cost of transportation is administrative in nature, or related to paper costs. A blockchain-based, paperless method of meeting these administrative needs could cut costs for businesses and consumers alike.
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