GraftBlockchain covers a wide variety of use cases of credit and debit card payments. It allows merchants to accept small payments and avoid centralization with the usual banking and government institutions, with the intention of avoiding resorting to corrupt societies; in addition to preventing consumers from falling into the banking monopoly that includes large usurious interest rates in the balance of credit cards. Opening a door beyond the border political boundaries. It facilitates free transaction trading all over the world.
This technology would be of great impact around the world since Graft frees us from centralized payment systems, opening a new universe of possibilities at low prices, we speak of blockchain-based payments that will lead to a system in the same way as centralized ones in the sense of credit / debit payment, fundamentally improved by means of the combination of lower transaction fees, with extremely strict privacy domains, offering low rates on credit balances and additional connected services.
By belonging to Graft Blockchain we obtain additional services such as:
Merchants who join GRAFT acquire lower tariff payments, and therefore generate lower preserves that benefit consumers.
Allows merchants to offer more services.
Consumers and suppliers will benefit from administrative costs and transaction processing notoriously and representatively lower
Provides a higher security index, since we avoid the use of cash and transactions with bank cards, by using cryptocurrencies we avoid physical crime.
Functioning.
GRAFT NETWORK ECO-SYSTEM
GRAFT Network requires and invites participation from many parties in order to be fully functional on a global level. These network participants are represented both functionally and geographically, as a whole creating a network capable of executing any type of a cashless transaction anywhere, at a minimum cost to the merchant!
REAL-TIME AUTHORIZATION PROVIDERS:
Type of SuperNode required: Complete SuperNode
Hardware / systems requirement:
It contains minimum hardware requirements; Dual-core CPU with 8 GB of RAM. The supernode must be accessible directly from the Internet (public IP), preferably with low latency, with a high-speed network connection.
Functionality: real-time authorizations
Setting out requirement: it has four levels of supernodes based on the set-up amounts, with a fair rate distribution between the 4 levels.
Incentive: Supernode owners charge fees for instant authorizations (approximately ⅛ 0.5% of the transaction amount).
Steps: Authorization providers only have to install the SuperNode and connect it to the stakeout wallet.
SUPPLIERS OF COMMERCIAL PAYMENT PROCESSING SERVICES:
If you want to be a provider of commercial payment processing services you should consider the following:
These providers could be associated with the SuperNode Proxy host or with the Proxy or Full SuperNode servers, these are the types of nodes required to be used as a "cppsp" (commercial payment processing service provider).
The hardware requirements, you need a high availability architecture for your supernodes of which there are different types, you can choose the one of your prediction.
The function of commercial service providers is to provide a "gateway" service support for merchants, managing configuration, maintenance and ensuring network uptime.
Stake Requirement: It must be taken into account that technically, a Commercial Services Provider does not have to bet or compete, but if the service provider chooses to host the complete SuperNodes that also grant authorizations, they will have associated staking requirements, everything varies according to to the needs of the Commercial Services Provider.
Incentive and benefit of being a provider: commercial service providers can generate their particular transaction fees together with network fees and / or have separate financial agreements with the merchant. They can also distribute or rent payment terminals.
Steps: Configure the complete Proxy or SuperNode infrastructure (or reach an agreement with the partner that will handle the technical operations part), define the business model (transaction fees, service rates, hardware distribution, etc.), select the endpoint strategy (payment terminals vs. POS mobile solution / wallet), configure the endpoint for your SuperNode (s) as a gateway.
If you are a merchant and you want to explore with GRAFT BLOCKCHAIN you must comply with this profile.
MERCHANTS
Type of SuperNode required: NONE
Hardware / Systems Requirement: Merchants have several options when it comes to enabling GRAFT Network payments at their location: First enable the existing payment terminal that they are using (assuming it is a compatible model) with GRAFT as the payment method alternative. To do this, they must download the GRAFT application from the market of the corresponding payment terminal (the graft support staff is actively working in support for Verifone and Ingenico). In this way, a merchant could use the same terminal to accept traditional and encrypted payments. Then configure a separate terminal specifically to handle cryptocurrency payments. Use GRAFT POS if you do not yet have a POS terminal / payment configuration or would like to initiate or switch exclusively to payments through the GRAFT network.
Functionality A merchant can undertake to accept cryptocurrencies in their businesses without the need to change processes, software or train their staff. The merchant may also keep the funds in cryptocurrencies or obtain an instant or intermittent fiduciary payment.
Setting out requirement: no stakeout is required for the merchant, however, there are situations such as accepting offline payments that may need to run a SuperNode with a stakeout wallet in the point of sale system.
Incentive: the merchant can diversify his customer base, appealing to the demographics of the crypto-owner. The merchant acquires the ability to have a single payment processor for multiple locations, both online and offline. Finally, the merchant can consolidate his reports, accounting and facilitate the distribution of funds.
Steps: The merchant should contact the commercial service provider to configure it, or they can be installed on the GRAFT network by downloading and running the GRAFT POS application or installing and configuring the GRAFT payment terminal application (in case they also need later) either to host your own proxy supernode or find a SuperNode proxy provider)
A whole universe of possibilities for the merchant.
GRAFT CARDS ARE SAFE
Most exchanges recently disconnected all CryptoNote portfolios (including Monero) due to a double counting error, This is why GRAFT, developed an exploit of the double counting error with GRAFT master (current version of GRAFT), to demonstrate that GRAFT is not affected.
To run said exploit, they prepared a special test branch with the exploit: https://github.com/graft-project/GraftNetwork/tree/double-accounting-exploit.
Test data
The call "add_tx_pub_key_to_extra" is duplicated inside "construct_tx_and_get_tx_key (...)" method in cryptonote_core / cryptonote_tx_utils.cpp. The intention was that the destination purse with the error showed the incorrect balance (duplicate) after the transfer of the purse of origin exploited.
The destination wallet (GRAFT master, private testnet) before the test transfer shows a balance of 20 GRFT:
Now, 10 GRFTs are transferred from the exploited source wallet (private testnet), trying to "cheat" the destination wallet:
The destination purse after the transfer shows the correct amount (30 GRFT):
This results in the registration of the destination wallet:
So this case is already handled in the current version of Graft (1.2.1), which is based on Monero v11, and the error seems to be introduced in Monero v12, where they implemented the sub-address functionality.
this is why the current GRAFT purses are safe for all users, including exchanges.
GRAFT IS A BLOCKCHAIN / CRYPTOCURRENCY DESIGNED SPECIFICALLY FOR POINT OF SALE OF HIGH PERFORMANCE AND SECURITY.
Fungible and fast, like cash.
Safe and immutable like a check book.
Ubiquitously compatible, with fast transaction authorizations and credit facilities like credit cards.
Decentralized, without a single point of control, like bitcoin.
What is GRAFT?
To understand this concept it is important to have understood how it works. Cryptocurrencies are becoming a widely accepted way to accumulate hard currency digitally, safely and decentrally at low cost. One of the biggest challenges is to make that value more feasible to invest or use as we do with money. The stores already have POS machines, but they find it difficult to adapt their businesses to accept cryptocurrencies.
GRAFT already has its own ICO, and has a main network in operation. GRAFT empowers businesses, small and large, to start accepting payments with cryptocurrencies without any hassle.
GRAFT is the gateway between the real world and the world of cryptocurrencies, allowing merchants to be located as cryptocurrency acceptance centers for customer expenses as a result of their needs, providing them with ease, security, savings and confidence. when it comes to spending your currencies, which benefits both merchants and consumers.
Graft offers products of use through multiple devices.
- GRAFT mobile Wallet App, which can be used both iOS and Android.
This application is only available in the App Store for iOS devices.
- GRAFT Multi-currency Mobile Wallet for Android
available for android devices
GRAFT CryptoFind App
GRAFT CryptoFind is an application that allows users to find locations where encryption is accepted and in turn allows merchants to update their status and also users to find those stores, available for GRAFT CryptoFind for iOS and GRAFT CryptoFind for Android.
GRAFT Mobile POS
allows merchants to accept cryptocurrency payments with their mobile device, available for iOS / Android
GRAFT Terminal Integration
This application was made in order to provide a well-known form of payment, as is done with the debit card, in order to give flexibility to its handling, and integrate the cryptos in the new world economy, at no additional cost.
The goal of GRAFT with the implementation of RTA technology is to allow merchants to operate in exactly the same way they always did. No new equipment, no surprises. A perfect integration that gives them an additional capacity to accept encrypted payments. without having to wait for predetermined times to make a product exchange for cryptocurrencies.
Questions cycle
How is the acceptance of the cryptocurrency for the traditional use of the purchase lacking?
Currently we live in a totally changing world submerged in technology, blokchain technology has been increasing exponentially becoming the best tool in business opportunities, shopping and others, thanks to the security and versatility that we have with it and therefore, through of graft, it is possible to accept a commercial level for its daily use, instead of the traditional currency that brings with it physical risks.
How will the GRAFT RTA system allow merchants to operate their business as usual?
This will be possible because the payments will be made instantly as it is done with the centralized banking systems.
What is the benefit of having software that can be integrated over existing commercial devices?
the benefit is total, since the merchants would handle more easily the exchange of cryptocurrencies as usual.
What will be the impact for traders and customers who have the ability to pay and sell for any form of payment?
The impact is totally profitable, since accepting cryptocurrencies as a means of payment, will significantly increase your sales.
How do you imagine the integration of GRAFT by changing the way we interact with crypto?
I imagine it in a very simple way since we can use our cryptocurrency as if we used our traditional bank accounts, that's easy.
How will RTA change the future of crytpo? it will change significantly since using our crypts will be as simple as using cash, with the benefit of obtaining greater security without risk of being physically attacked by delinquents, or carelessly losing our money, the RTA is the door to the new world. wonder.
GRAFT2018
Contest link: https://steemit.com/crypto/@originalworks/680-steem-sponsored-writing-contest-graft
