December 11, 2024 – Graphite Network has introduced a next-generation Proof-of-Authority (PoA) blockchain utilizing the Polymer 2.0 algorithm that converges traditional finance (TradFi) with the capabilities of Web3. Its unique features like income generation through Entry-Point Nodes—an industry first—along with a reputation-based scoring system and a secure, multi-layered KYC process enhance both user trust and active participation in the blockchain ecosystem.
Unlike other blockchains, where revenue typically relies on tokens or external monetization, Graphite enables entry-point (transport) node operators to earn passive income directly from transaction fees routed through their nodes.
By running a node, operators contribute to the network’s activity and earn 50% of the fees from transactions passing through their nodes, with the remaining 50% going to the block sealer. This means that enterprises, startups, and developers can now generate passive income from the network without taking on large-scale validator roles, lowering barriers to blockchain integration.
Graphite’s blockchain is designed around a reputation-based architecture, providing users with a secure and trustworthy environment that respects both privacy and transparency.
“For many people, crypto still feels uncertain—there’s a lack of trust, fears of financial loss, and concerns about scams,” said Marko Ratkovic, the CTO at Graphite Network. “While this is a complex problem, Graphite marks a huge step forward in blockchain evolution by merging blockchain technology with a trust-based, inclusive financial model that enables both TradFi and Web3 users to participate securely.”
To support this model, Graphite has introduced the ‘One User, One Account’ policy, requiring users to activate their accounts with a small setup fee. This measure helps to prevent the creation of numerous disposable wallets often used for suspicious transactions.
Among other reputation-centric features, Graphite will implement a multi-tiered KYC framework, initially offering social media authentication as the first level, with additional verification levels planned for a later release. All interactions with the respective KYC center are conducted off-chain, meaning private data remains secure while still meeting transparency requirements.
Each user’s reputation is represented by the Trust Score, which is influenced by a set of parameters, including the KYC verification level. These metrics collectively help identify and filter out transient or fraudulent activities by a user or an entity in order to support secure, reputation-based interactions across the blockchain.
Graphite will also allow businesses to develop their own customized, reputation-based smart contracts to tailor services to specific user criteria. For instance, a bank could create a unique smart contract to offer loans only to individuals who meet predefined reputation standards, such as creditworthiness or account longevity, in line with the bank’s regulatory and business requirements. In this way, Graphite can serve as a blockchain for bank compliance as its functionality and potential far exceed those of other blockchains.
Additionally, users will have the flexibility to set transaction filters based on KYC levels, enabling them to block interactions with accounts that don’t meet their preferred verification standards. Targeted jurisdictional filtering options are also in the pipeline to provide additional flexibility for businesses facing regional regulatory constraints.
Graphite is committed to maintaining privacy and reasonable anonymity—core values for most blockchain users. The Graphite Trust Score is stored on-chain while private user data remains off-chain. In this way, Graphite’s data requirements are far less intrusive than those required by traditional financial institutions, which often lead to user data being leveraged for sales purposes. In contrast, Graphite is implementing a Zero Knowledge Proof (ZKP)-based KYC system to verify information without accessing or sharing private data.
Geared towards mass adoption, Graphite’s transaction model offers both speed and scalability, processing up to 1,400 transactions per second (TPS) with confirmation times under 10 seconds to support high-volume usage. This far outpaces Ethereum’s 15-20 TPS.
Due to its high TPS capacity, Graphite’s network fees are predictable and stay close to the minimum, allowing users to plan their expenses with confidence.
Meanwhile, compatibility with the Ethereum Virtual Machine (EVM) enables seamless integration of existing Solidity smart contracts, allowing developers to migrate applications to Graphite easily and benefit from its PoA efficiency.
Graphite Network is a PoA Polymer 2.0 blockchain platform designed to bring the advantages of TradFi into the Web3 world. Built with a focus on sustainability and reputation, Graphite combines transparency, efficiency, and privacy to create a secure ecosystem for users and developers. The Graphite ecosystem offers Graphite Wallet for feature access and KYC, Graphite Bridge for cross-network interoperability, and Graphite Explorer for real-time blockchain data analysis. Developers also benefit from comprehensive API Documentation for easy application integration and a Faucet for Testnet Funds to support experimentation.
Website: https://atgraphite.com/
X: https://x.com/GraphiteNetwork
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