Kriptoks

The GRID Blockchain is a layer 1 blockchain that has been designed with a focus on five key pillars: Security, Sustainability, Speed, Scalability, and Stability. It is a highly innovative and advanced blockchain network that has been designed to set an example in safety and scalability, while prioritizing sustainability. The GRID Blockchain is highly interoperable with existing libraries in the blockchain industry and has implemented key features for easier transition from other centralized technologies.

One of the standout features of the GRID Blockchain is the indigenous token called GRN. GRN serves primarily as on-chain governance, payment for transaction fees, and on-chain liquidity for EXNode. It is an essential element of the GRID Blockchain that allows for seamless and efficient transactions.

The GRID Blockchain has utilized a novel approach to Proof of Stake, which includes logarithmic weighted stake-voting rights and locked security pools. This weighting system causes a progressive payout of validating rewards and is an industry first. This approach was chosen to counter two main drawbacks of PoS-based consensus, namely decentralization and accumulation of wealth by the top holders.

One of the key features of the GRID Blockchain is the GRNPay payment request system. This system enables users to send and receive payment requests over Grid, which can be accompanied by EnScrypt messages. Paying for the requests can be done with the wallet app, and the recipient will immediately be notified once its payment request is fulfilled. The payment requests can be set in any currency and be paid in a whole different currency, as EXNode will manage the conversion to match the recipient’s currency.

GRNPay can also be used as an escrow service between businesses. It can reserve the currency on the sender’s address until a pre-set condition is satisfied. GRNPay will automatically credit the recipient. In line with the technicalities of the platform, GRNPay services are hosted decentralized and permissionless on the GRN Grid and are based on automatically issued smart contracts.

EnScrypt is another unique feature of the GRID Blockchain that allows users to send encrypted messages up to 120 characters attached to a transaction or as standalone messages. These messages can be an invoice number, payment reference code, or just a friendly note. The system is highly secure and ensures that all transactions are kept private.

EXNode represents the first integrated DEX-based exchange on the GRID Blockchain. GRID users can stake or swap their tokens to any (stable) currency on the GRID, without ever requiring making a transaction to any exchange. This integrated swapping also makes it possible to stake any token on the GRID from the GRN wallet app. EXNode is supported through the GRN Wallet app or any other third-party wallet app connecting to the EXNode contract addresses.

In conclusion, the GRID Blockchain is a highly advanced and innovative blockchain network that has been designed with a focus on five key pillars: Security, Sustainability, Speed, Scalability, and Stability. It is highly interoperable with existing libraries in the blockchain industry and has implemented key features for easier transition from other centralized technologies. The GRID Blockchain’s indigenous token, GRN, is a crucial element of the network that enables seamless and efficient transactions. The GRID Blockchain’s other features, such as EnScrypt, GRNPay, and EXNode, further enhance the user experience and ensure the network’s continued growth and success.