On December 11, 2024, Graphite Network unveiled its next-generation blockchain platform built on the custom Polymer 2.0 algorithm using a Proof-of-Authority (PoA) consensus mechanism. The network is designed to bridge traditional finance (TradFi) and Web3, offering a suite of features that emphasize passive income, reputation-based trust, privacy, and high performance.
Entry-Point Nodes: Industry-First Passive Income Mechanism
Unlike conventional blockchains where revenue relies on token inflation or external monetization, Graphite introduces Entry-Point (Transport) Nodes that enable operators to earn passive income directly from transaction fees routed through their nodes. Operators receive 50% of the fees from transactions passing through their nodes, with the remaining 50% allocated to the block sealer. This model significantly lowers barriers to blockchain participation, allowing enterprises, startups, and developers to generate passive income without taking on the heavy responsibilities of a full validator.
Reputation-Based Trust: Balancing Privacy and Transparency
At the core of Graphite's architecture is a Trust Score system that reflects each user's reputation based on parameters including KYC verification level, account history, and activity. The Trust Score is stored on-chain, while private user data remains off-chain and is verified through a Zero Knowledge Proof (ZKP)-based KYC system, ensuring minimal data exposure while meeting compliance needs.
The platform enforces a 'One User, One Account' policy requiring a small activation fee to prevent disposable wallet abuse. A multi-tiered KYC framework begins with social media authentication and will expand with higher verification levels. Businesses can build customized reputation-based smart contracts—for example, a bank could offer loans only to users meeting predefined creditworthiness and account longevity criteria.
Users can set transaction filters based on KYC levels to block interactions with insufficiently verified accounts. Jurisdictional filtering options are also planned for enterprises facing regional regulatory constraints.
High Performance and EVM Compatibility for Mass Adoption
Graphite's transaction model delivers up to 1,400 transactions per second (TPS) with confirmation times under 10 seconds, far surpassing Ethereum's 15-20 TPS. Network fees remain predictable and near-minimal, supporting confident cost planning for businesses and users.
The network is fully compatible with the Ethereum Virtual Machine (EVM), enabling seamless migration of existing Solidity smart contracts. Developers can leverage Graphite's PoA efficiency without rewriting code. The ecosystem also includes Graphite Wallet (KYC and feature access), Graphite Bridge (cross-chain interoperability), Graphite Explorer (real-time data analysis), comprehensive API documentation, and a testnet faucet.
Marko Ratkovic, CTO of Graphite Network, stated: “For many people, crypto still feels uncertain—there’s a lack of trust, fears of financial loss, and concerns about scams. 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.”
Vision: A Blockchain for Bank Compliance
Graphite positions itself as a “blockchain for bank compliance,” targeting traditional financial institutions that require regulated, privacy-preserving blockchain infrastructure. The combination of reputation scoring, ZKP-based KYC, and jurisdictional filters offers a compliant on-ramp for TradFi entities while maintaining decentralized principles. The testnet is already live, with the mainnet launch expected in phases.