Alternative Privacy Coins To Graft

…That Aren’t Doing A Second ICO

Contrast Crypto
Sep 11 · 6 min read

Graft is an open-source payment processing network that utilizes blockchain technology to facilitate off-chain authorizations and in-network atomic swap exchanges. The decentralized nature of the Graft Network enables cross border payments and adaptability to local regulatory environments. Graft features a dual layer consensus system, operating with proof of work and proof of stake consensus mechanisms to economically incentivize participants to support the network via cryptocurrency mining, merchant integrations and authorizations.

Graft have focused on what they believe are the four biggest issues facing the cryptocurrency industry in terms of merchant adoption and point of sale use:

Privacy
Speed
Fees
Integration

Graft ran a successful ICO in early 2018, raising a total of $3 million to build a mobile point of sale application with instant transactions, settled in real time, compatible with multiple cryptocurrencies, and able to integrate into existing point of sale terminals.

Now it seems the Graft team are looking to run a second ICO to raise more funds, but this time to complete the Lyra token development — which leaves me with the questions:

— Were funds from the Graft ICO used to fund the pre-development stage of Lyra?
— How do we know there won’t be a third ICO?

If you’re down 90% on your Graft investment, do you really think investing into Lyra will bring you a positive return on investment? I’m not confident it will, so I’ve been looking at some alternatives as a means of diversifying risk.

7 Alternative Coins To Graft (With Instant Payments or Incentivized Nodes):

Dash

Dash ($DASH) offers users instant, private and secure transactions that are so simple, you won’t even know you are transacting on a blockchain. Anyone can participate in the network, and Dash is widely available for purchase around the world.

Dash uses a hybrid Proof of Work and Proof of Service staking consensus mechanism to facilitate the instant and private transaction services.

The ingenious masternode network means sending any sum of money around the world is as simple as tapping your phone at your local store to buy groceries. Say goodbye to slow transactions, complex international account numbers and high transaction fees — Dash is digital cash!

Dusk Network

Dusk ($DUSK) streamlines the issuance of digital securities and automates trading compliance with the world’s first programmable and confidential securities. Dusk Network is an unrestricted, unsurveilled and fully distributed system designed for high-rate voice and data communications, enforcing the utmost level of privacy to the partaking peers.

Dusk radically departs from any other blockchain by employing an adaptive consensus mechanism, called Segregated Byzantine Agreement, which does not require the computational intensity of proof-of-work and is a fairer alternative to proof-of-stake.

Dusk Network is a cryptographically transparent digital ledger. A high-throughput and scalable permissionless blockchain that provides confidential proofs of ownership, compliance, and funds. It satisfies global privacy requirements yet enables audits by the public and the regulator.

DAPS

DAPS ($DAPS) stands for Decentralized Anonymous Payment System. DAPS plans to revolutionize the blockchain world by merging previous successful, stress-tested protocols into a premiere privacy package.

The DAPS chain will feature staking, Masternodes, full obfuscation (RingCT, Stealth addresses and Stealth transactions), and a unique work algorithm named Proof of Audit — with the goal to maintain the trustless standard of public blockchains, while being able to utilize end-to-end obfuscation. DAPS hope to introduce a new standard of trustless governance, with potential for expansion to other chains.

The DAPS Project is a worldwide organization dedicated to building the DAPS coin mainnet and expanding cryptocurrency to mass audiences. Innovative outreach and measures to build a real-world ecosystem are just part of our vision. Financial privacy is not a privilege, it is a right.

Spectrecoin

Spectrecoin ($XSPEC) is an innovative privacy-focused cryptocurrency, featuring energy-efficient proof-of-stake algorithms that provides rapid transaction confirmations, ring signatures for privacy and anonymity, and a fully integrated Tor+OBFS4 layer for IP obfuscation.

Spectrecoin is actively developed, with an ambitious roadmap that prioritizes privacy, security, and true decentralization with features such as stealth addresses and stealth staking, and low-power mobile wallet staking in our upcoming Android wallet.

The priorities of the Spectrecoin project are on privacy, technical soundness, and simplicity. The Proof-of-Stake consensus methods are used to provide environmental friendliness, decentralization, and transaction speed.

The project is built by a professional team and around open participation of its community members. Development is funded through an innovative staking-reward donation system and voluntary direct funding.

Loki Network

Loki ($LOKI) is a decentralized privacy network which will allow users to transact and communicate privately over the internet, providing a suite of tools to help maintain the maximum amount of anonymity possible while browsing, transacting and communicating online.

Loki Messenger is a decentralized private messaging application for all platforms. Have peace of mind with anonymity and an unstoppable messaging app. Lokinet is a unique, blockchain enforced and incentivized mixnet, where you can browse the internet anonymously, visit and host private websites all without exposing your identity or IP address.

Service Nodes do the heavy lifting on the Loki network and get a significant financial reward for their efforts. With Service Nodes you can transact instantly, host services, run SNApps, and browse the Lokinet.

SNApps (Service Node Applications) allows you to host hidden private web applications inside of Lokinet. With SNApps you can build censorship-resistant social media platforms, news sites, marketplaces, and other communities. The possibilities are endless.

Ryo

Ryo ($RYO) was conceived with the highest levels of privacy in mind. From day one, Ring Confidential Transactions (RingCT) with minimum ring size of 25 were implemented to conceal every transaction. As privacy is the core foundation of Ryo, sending and receiving addresses are encrypted and transaction amounts are obfuscated by default.

Ryo is truly fungible because of its built-in privacy features. Just like cash, nobody knows who had possession of any particular coin before them. Even better than cash, nobody knows the identity of who they’re sending their coins to. Ryo allows you to use a new ghost address for every transaction you receive. Never receive coins with the same address twice, even further reducing the astronomically tiny chance of you and your transactions to be traced.

Verge

Verge ($XVG) is a cryptocurrency designed for people and for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.

Verge’s mission is to empower people around the world by bringing blockchain transactions into everyday life. Verge Currency makes it possible to engage in direct transactions quickly, efficiently and privately. With Verge Currency, businesses and individuals have flexible options for sending and receiving payments. With the flip of a switch, we offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small-scale private payments.


So, there you have it, 7 alternative cryptocurrency projects to the Graft Network. As always, do your own research — you can never fully trust a stranger’s words on the internet.

I hope you found this content helpful. If you have any suggestions for future content, please comment below.

Alternatively, you can find us on Twitter at @ContrastCrypto.

Contrast Crypto

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Sharing news and contrasting similar blockchain/cryptocurrency projects. Digital privacy is as important as physical privacy.

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