First Ever Instant Payment On A Private Cryptonote Blockchain

[HashPoW]

GRAFT network has successfully completed the first ever instant payment on a Cryptonote Blockchain: https://www.graft.network/2018/09/07/graft-development-status-update-september-2018.

Graft is building a decentralized cryptocurrency payment processing network that will enable merchants to accept instant payments of any popular crypto while also saving money on fees compared to traditional payment processors like Visa. Graft’s unique Supernode network, which is now in alpha testing, makes it all possible.
There are many ways that people can participate in the network and earn GRFT. Miners can earn block rewards for mining GRFT with GPU’s and CPU’s (cryptonight V7 algo), supernode operators will earn transaction fees, and exchange brokers will earn exchange fees.

Graft point of sale software is designed to integrate with existing pos terminals and is already certified by Verifone (one of the biggest global pos terminal vendors) for use on their terminals: https://www.verifone.com/en/us/merchant-marketplace.

I encourage you to read the white paper, browse the blog, and/or join the project Telegram group for more information about this groundbreaking project.

White paper: https://www.graft.network/wp-content/uploads/2018/05/Graft_White_Paper_2.01_May_2018.pdf

Blog: https://www.graft.network/blog/

Telegram: https://t.me/GraftNet

Website: https://Graft.network

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[vit05]

Does that mean it's a decentralized second layer solution or is it a business? If it is a company, it means that the idea of decentralization would not exist. That is, it would be necessary to rely on a third person or company.

All cryptocurrencies' difficulty in scaling is in the fact of being much slower to spread the information for more points than to send directly to a central point. And it is by spreading the information by several points, that they can not coordinate to change the initial information, that the Bitcoin is so resistant and can be considered in immortal theory.

[HashPoW]

Does that mean it's a decentralized second layer solution or is it a business? If it is a company, it means that the idea of decentralization would not exist. That is, it would be necessary to rely on a third person or company.

All cryptocurrencies' difficulty in scaling is in the fact of being much slower to spread the information for more points than to send directly to a central point. And it is by spreading the information by several points, that they can not coordinate to change the initial information, that the Bitcoin is so resistant and can be considered in immortal theory.

There’s no company or centralized entity. It’s a 2nd layer solution. The entire network will be made up of people like you and me who host supernodes and offer exchange broker services.

Here’s the “All Things Graft” YouTube channel with some very good videos to explain how it all works: https://www.youtube.com/channel/UCV-5A5mbnu64pPRUm1r_-5A