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Trump’s executive order announces the national priority of encrypted currencies, and Graphite shows how to fill the gap between Blockchain and Trafi

President Donald Trump declared: “We embrace the future with cryptocurrencies and leave behind the large and outdated large banks,” which indicates a shift in his administration’s approach to digital assets.

The official nature was added on Thursday, when an executive order was signed to create a working group on digital asset markets. It reaffirms the administration’s commitment to the principles of the main cryptocurrencies, including transparency of encryption, self -guardian, and fair banking access, with the aim of combining the technology of blockchain responsible in the American financial system.

The idea of ​​mixing Blockchain with traditional financial systems is a bold idea, and Graphite Network provides the means to achieve this through it Solutions that can be developed and compatible Designed to meet the modern financial needs of banks and financial institutions of all sizes.

Speaking to Crypto.News, Graphite network CTO Marco Ratcovic said:

“Although it is clear that the world is changing and that the new American administration has become more open to cryptocurrencies, the concrete regulations are still unclear. But it is certain that the Graphite network provides the infrastructure that banks need to make this shift. We can help Traditional financing to communicate with the decentralized economy, and this support is less important than the regulations for comprehensive accreditation. “

The explanatory show of bank integration is designed for Treating urgent challenges Financial institutions face a struggle to implement the Blockchain accreditation themselves through:

  • A reliable infrastructure building: Graphite Network is built on the mechanism of the Proof-For-Authority Polymer 2.0 consensus, ensuring high safety, expansion and energy efficiency. This will help financial institutions to adopt Blockchain technology without compromising their current and old businesses.
  • Count compliance and enable the user: By integrating “Know your customer” and recording the reputation based on ZKP, the Graphite network works to bridge the gap between institutional requirements and the independence of the user.
  • Strategic partnerships: Graphite Network continues to cooperate with banks and other financial institutions and design Blockchain solutions to meet any specific needs.

Other graphite network features compatible with the bank

Forex fees, even during the peak of activity

Blockchain is designed from the first layer of the Graphite Network to maintain reasonable fees, even during high network activity periods. For banks and financial institutions, this ability to predict is very important to manage costs and ensure smoothness of operations. On the other hand, Ethereum was delayed in 2024, as fees rise unexpectedly – an average of $ 3.52 per transaction during peak times. Such fluctuations can disrupt cost and expansion expectations, making Graphite a more reliable option for institutions that merge the Blockchain technology.

Kyc is not interfering

The Graphite Network is a fundamental change in the balance between privacy and compliance. The system is designed using the Zero-Knowledge Proof technology that allows third parties to verify user data such as age or site without detecting personal information. This guarantees data security and privacy, while providing organizational bodies and financial institutions with a verified system. User data provided during the “Know your customer” process is kept out of the series to reduce the possibility of penetration of data or unauthorized access.

Confidence points and interaction preferences

Graphite’s confidence points reflect the reputation of the user based on things like his Kyc status, transactions record, account activity, and interactions with others. He even looks at whether any fraud claims are related to their account. However, Graphite does not impose strict rules, as it allows users to determine the way they want to manage their interactions. They can choose if they want to complete the process of know your customer (KYC), and who will deal with it, how to filter transactions, and more. This flexibility is important because it gives users to control their decisions.

This is useful for banks because it allows them to obtain an insight into the reliability of users without forcing everyone to follow a single system that suits everyone. Banks can also take advantage of the knowledge that users can determine their own preferences while maintaining the ability to track and evaluate risks through trust points.

Reputable smart contracts

Graphite Network will also provide banks and companies to develop smart contracts that take into account reputation measures, allowing the customization of services to target user groups. For example, the bank can create a contract to issue loans only for customers who have verified credit degrees or a date of account activity, which meets the goals of work and organizational standards.

Fund management directed

Graphite plans to present signs of signs to improve transparency and accountability in Blockchain transactions. These addresses will be linked to specific purposes, such as business or loan payments, ensuring that money is directed to the intended place. For example, if a bank converts the money into an address bearing the loan payment sign, it will be clear that the batch is intended for this purpose. If the money is misused at a later time – for example, it is spent on unauthorized transactions – the system will report it immediately.

In addition, smart contracts will be able to block transactions from suspicious addresses, adding an additional layer of safety. Although this feature has not been activated yet, it is an important step towards making Blockchain transactions safer and more confident for financial institutions.

Fair rewards, directly from Blockchain

Earlier, Crypto.News reported that Graphite Network is the first platform to enable the transport contract operators (or entry point) from profit directly from Blockchain through a double -layer knot system. Holding the entry point on transaction, earning 50% of the transactions fees in @G, while the approved contract is achieved from the health of the blocks, and earns 100% of independent transactions fees and 50% for transactions that include the entry point contract.

This structure guarantees fair bonuses for both types of contract, which leads to the creation of a safe, developmental and stimulating network that turns participation into an opportunity for income. Marco Ratcovic recently confirmed one of the central visions of the Graphite Network, explaining:

“One of our main goals is to give a democratic character to reach Blockchain revenue flows. Through our two -layer knot system, we have made sure that participants at all levels can get rewards with network growth and security support.

The explanatory show of bank integration is closely related to @G, the original distinctive symbol of the Graphite Network, which was also combined into the main operations over the network, including paying fees, checking accounts, distributing rewards and more.

By giving priority to reputation, confidence and expansion, Graphite provides a clear way for the financial institutions to integrate Blockchain responsible – a approach that can help leaders like Donald Trump convert his vision of the Blockchain role in traditional financing into reality.

https://crypto.news/app/uploads/2024/09/crypto-news-Finding-blockchain-harmony-to-encourage-TradFi-participation-option04.webp

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