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Graft Network’s Newly Developed Mining Algorithm is the New Talk of the Town!


Snider

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In this fast-paced and revolutionized world, crypto has taken hold in every field. Therefore, Graft Network wants to provide a better strategy to give everyone easy access to modern technology as well as lead in finance and business.

Graft Network just updated the mining algorithm to RandomXG which surely it takes the reliability and credibility of the platform to another level. Hence, creating a more secure, decentralized, fast and scalable network. 

What is Graft Network?

It is a fully decentralized, transparent and open-sourced blockchain-based electronic payment and processing project. Also, it provides a similar experience like credit card processing network, with the added security of blockchain and decentralized technology.

Supernodes (SNs) are a type of master node and a foundation of the blockchain, performing off-chain operations like as authorizations, validations, gateway services, support for service brokers, and numerous other activities. They represent the GRAFT Network’s Proof-of-stake layer. Graft Network has 2000 active supernodes and it is all set to revolutionize the world with its impeccable services.

Why was there a Need of Changing the Mining Algorithm?

Graft Network changed its mining algorithm from ASIC cryptonight_v7 algorithm to RandomXG algorithm. So, the algorithm is updated and adjusted in order to provide a more decentralized ecosystem and obviously to get rid of Field-Programmable Gate Array (FPGA).

Previously, one specific user was mining with FPGA for a low price risking the integrity of the platform.  In order to solve the problem, Graft Network has changed the mining algorithm. The new mining algorithm RandomXG is for CPU mining, only.

The RandomXG algorithm is an algorithm of proof of work and proof of stake that replaces the cryptonight_v7 algorithm. Furthermore, Graft Network has created a platform with a high level of encryption which is geared at systems that prioritize privacy and anonymity. Additionally, the Graft team decided to start from scratch and build a new algorithm, an algorithm that combines the finest features of previous algorithm yet provides a new mining base for Graft Network, in particular. 

Graft Network does not comprise the safety of its users; it is a 100% safe platform. It is free from high severity and security issues. As a result, the new mining algorithm not only makes the platform safe but it also makes it more decentralized and faster.

What does the changed Mining Algorithm brings to the Network?

Graft Network believes in creating a better ecosystem so the new mining algorithm makes the user experience:

  • Simpler
  • Quicker
  • Secure
  • Convenient
  • Trusted
  • Transparent

Graft Network wants each user to have a unique and amazing experience for which the team is always looking to improve and henceforth, create a platform which is reliable and secure.

The post Graft Network’s Newly Developed Mining Algorithm is the New Talk of the Town! appeared first on Graft Blockchain.

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