{"id":2574,"date":"2022-03-05T17:14:56","date_gmt":"2022-03-05T17:14:56","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/graphcoinwhitepaper\/"},"modified":"2022-03-05T17:14:56","modified_gmt":"2022-03-05T17:14:56","slug":"graphcoinwhitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/graphcoinwhitepaper\/","title":{"rendered":"Graphcoin\tWhitepaper"},"content":{"rendered":"<div id=\"post-8664\">\n<div class=\"entry-content\" readability=\"64.535128313\">\n<p>There is a lag in the technological innovations of banking services. Authorities are<br \/>removed from the needs of the majority and financial institutions are not incentivized to develop<br \/>the innovations that fit the needs of low to moderate income individuals.<\/p>\n<p>Before large tech companies, like Uber and AirBnB, appealed to removing the<br \/>middleman there was a more serious appeal to removing third-party trust. Ten years ago, Satoshi<br \/>Nakamoto released a white paper titled: Bitcoin: A Peer-to-Peer Electronic Cash System, which<br \/>solved the problem of the middleman, or needing third-party trust in a digital financial<br \/>transaction. The Bitcoin protocol is proof of concept that blockchain technology can serve as a 1<br \/>means for a fee-free banking solution on a peer-to-peer network. Graphcoin is a mission-focused<br \/>peer-to-peer network for digital financial transactions.<\/p>\n<p>The technology that supports Graphcoin has improved scalability, sustainability, and<br \/>lowers the barrier to entry to be a participant of the network. These developments are significant<br \/>innovations to the mission of Bitcoin network. Removing predatory third parties and aligning<br \/>interests can realize the ownership of assets for more people than the current infrastructure<br \/>allows. The Graphcoin network\u2019s bottom line is a commitment to providing time and freedom to<br \/>discover and pursue your passions.<\/p>\n<p>It is necessary to first understand the inefficiencies and profitability of third-party entities<br \/>in order to understand the importance of democratizing financial services and the ownership of<br \/>one\u2019s own data. Then one can apply this understanding to the potential of decentralized<br \/>technology such as blockchain networks or peer-to-peer networks built on a decentralized public<br \/>ledger, like the Graphcoin network.<\/p>\n<p>The future applications of digital currency and blockchain technology are still at their<br \/>early stages. The potential of distributed networks has yet to be fully realized and will certainly<br \/>require additional innovations. The introduction of Bitcoin was the first cryptographic<br \/>blockchain protocol to impact the exchange of goods and services and also gain widespread<br \/>adoption. By removing the need for an intermediary in making digital payments,<br \/>cryptocurrencies are the first of many financial innovations that will lead to a more efficient<br \/>global economy.<\/p>\n<p> <a href=\"https:\/\/web.archive.org\/web\/20190512175405\/https:\/\/graphcoin.net\/\"> Graphcoin\tWebsite <\/a> <br \/>Graphcoin\tWhitepaper <br \/><strong><\/strong><\/p>\n<p>Social<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>There is a lag in the technological innovations of banking services. Authorities areremoved from the needs of the majority and financial institutions are not incentivized to developthe innovations that fit the needs of low to moderate income individuals. Before large tech companies, like Uber and AirBnB, appealed to removing themiddleman there was a more serious [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2574","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=2574"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2574\/revisions"}],"predecessor-version":[{"id":2575,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/2574\/revisions\/2575"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=2574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=2574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=2574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}