December 11, 2024 – Graphite Network has launched a next-generation Proof-of-Authority (PoA) blockchain built on the Polymer 2.0 algorithm, designed to converge traditional finance (TradFi) with Web3 capabilities. The platform introduces industry-first features including passive income generation through Entry-Point Nodes, a reputation-based scoring system, and a multi-layered KYC process to enhance user trust and ecosystem participation.
Passive Income from Entry-Point Nodes: Lowering Barriers
Unlike conventional blockchains that rely on token rewards or external monetization, Graphite enables entry-point (transport) node operators to earn passive income directly from transaction fees routed through their nodes. Operators receive 50% of the fees from transactions processed, while the remaining 50% goes to the block sealer. This model allows enterprises, startups, and developers to generate income without assuming large-scale validator roles, significantly lowering the barrier to blockchain integration.
Reputation System and Privacy: A Trustworthy Digital Environment
Graphite’s blockchain is centered on a reputation-based architecture that balances privacy and transparency. A core component is the Trust Score, influenced by parameters including KYC verification level. The platform enforces a “One User, One Account” policy, requiring a small activation fee to prevent disposable wallet creation. The multi-tier KYC framework starts with social media authentication, with higher levels planned. All KYC interactions occur off-chain to protect private data. Graphite is also developing a Zero-Knowledge Proof (ZKP)-based KYC system to verify information without accessing or sharing personal data.
High Performance and EVM Compatibility for Mass Adoption
Graphite’s transaction model achieves up to 1,400 TPS with confirmation times under 10 seconds, far surpassing Ethereum’s 15-20 TPS. Network fees remain predictable and near the minimum, enabling confident expense planning. Compatibility with the Ethereum Virtual Machine (EVM) allows seamless migration of existing Solidity smart contracts, letting developers leverage PoA efficiency. Businesses can also create customized reputation-based smart contracts—for example, a bank could issue loans only to individuals meeting predefined trust standards, enabling blockchain-based regulatory compliance.
Ecosystem Tools and Future Outlook
The Graphite ecosystem includes Graphite Wallet (with KYC), Graphite Bridge for cross-chain interoperability, and Graphite Explorer for real-time data analysis. Developers benefit from comprehensive API documentation and a testnet faucet. Marko Ratkovic, CTO of Graphite Network, stated: “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.”