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Crypto Daily 2025-02-18 19:15:15

Solana’s Reputation Is Shaken, Analyst Reports; Graphite Network Solves Blockchain’s Trust Problem

Solana quickly went from hero to zero, at least, according to DonAlt. The analyst, who has over 652,000 followers on X and regularly racks up 100,000+ views per post in under a day, just called out Solana’s reputation. His post on the topic is already pushing 130,000 impressions and climbing fast. DonAlt’s take is that the blockchain’s ethical concerns were glaringly obvious but largely ignored. And it’s not just about Solana itself – the projects building on it and the people behind them are part of the equation, too. Commenters under DonAlt’s post argue that Solana’s high activity attracts scammers, its onboarding incentives often lead to rug pulls, and its rapid growth has come at the cost of security and reputation. Source: X A blockchain lives and dies by its reputation, and onboarding should be a well-thought-out process, not just a numbers-driven rush. More broadly, DonAlt warned that L1s need to be strategic about attracting users without wrecking their credibility in the process. He even pointed to Ethereum as a counterexample, noting how Vitalik Buterin has been vocal about calling out fraud in the space. This raises an important question: what does a blockchain look like when trust isn’t just an afterthought, but a core principle? That’s where Graphite Network, an L1 built to address the very issues that have plagued others , comes in. Graphite Network’s Approach to Reputation Graphite Network puts trust and reputation at the core . To really understand how this platform tackles blockchain reputation, it helps to see how it directly addresses the gaps Solana has struggled with. Feature Solana Graphite Network User verification No real verification, easy for bots and scammers to exploit ‘One User, One Account’ system reduces spam & fake users KYC & compliance Not required, no built-in trust scoring Multi-level KYC verification & Trust Scores Reputation-based access No reputation filtering for transactions Smart contracts & filters let users choose trustworthy counterparties Transaction transparency No labeling, hard to verify counterparties Tagged addresses allow users to label and verify fund purposes Security against bad actors High scam activity due to open onboarding Filters & automated smart contract blocks for suspicious accounts In a commentary for Crypto Daily, Marko Ratkovic, Graphite Network’s CTO shared: "Solana’s growth showed what happens when onboarding outpaces accountability. At Graphite Network, trust is built into the system, ensuring users can transact with confidence. Real adoption isn’t just about scale – it’s about scalability with integrity." With features built to reinforce security, transparency, and reliability, Graphite Network isn’t just another L1 chasing numbers – it’s one that actually backs up its promises. One User, One Account Keeping blockchain secure starts with making sure every user is real. That’s why Graphite Network uses a ‘One User, One Account’ system. Just like banks verify accounts to prevent fraud, this approach helps cut down on spam and fake users in decentralized finance. To activate an account, users pay a small one-time fee in @G, Graphite Network’s native token – a simple step that helps keep the network clean, fair, and resistant to manipulation. Privacy-Preserving KYC with Zero-Knowledge Proof Privacy shouldn’t come at the cost of security, and at Graphite Network, it doesn’t. With Zero-Knowledge Proof (ZKP) tech, decentralized apps can verify users' information like emails and phone numbers without ever seeing personal data. Plus, KYC happens off-chain, so nothing sensitive is stored on the blockchain – just a simple number showing a user’s verification level. For now, KYC is as easy as verifying through social media. Soon, document submission and video verification will offer even more security options. KYC is completely optional, with a small @G fee for those who choose to verify. But Graphite Network doesn’t stop at verification: it introduces Trust Scores, a reputation system shaped by transaction history, trading volume, age of the account, and several other parameters. KYC transaction filters let users set rules for who they interact with, ensuring they only transact with counterparties who meet specific KYC verification levels or reputation criteria. Keeping Transactions Transparent and Organized with Tagged Addresses Making blockchain transactions clearer starts with knowing who you’re dealing with. With Graphite Network’s tagged addresses, users will be able to label their wallets for specific purposes, bringing more transparency to crypto payments. Think of it like marking a business account; if an address is labeled for freelance payments, clients know exactly where their funds are going. Or, imagine tagging a rental deposit account – tenants know exactly where their money is going, avoiding disputes down the road. This helps prevent misuse, like payments being rerouted to personal accounts instead of business expenses. And for extra security, Graphite Network’s smart contracts can automatically block shady transactions before they happen. Bringing Blockchain Trust on an Enterprise Level Smart contracts on Graphite Network are customizable based on trust and credibility. Businesses and developers can set reputation requirements, ensuring their services go to verified, responsible users instead of just anyone. For example, a bank offering crypto loans might want to lend only to users with a solid track record. With Graphite Network’s reputation-based smart contracts, it can require a high Trust Score or verified KYC before processing applications. Graphite Network is also making it easier for banks to integrate crypto with its Bank Integration Initiative. It focuses on building the right infrastructure, forming partnerships with financial institutions, and bringing them into the blockchain space. But this isn’t just for finance; any industry can benefit. Whether it’s limiting access to exclusive memberships or securing high-value transactions, Graphite Network makes blockchain smarter, safer, and more adaptable. Reputation Matters for L1s in 2025 – But It’s Not the Whole Story It’s not just about trust and reputation for L1s in 2025 (though that’s still the backbone of any blockchain’s long-term success). Scalability and lower costs are just as crucial, and that’s where most L1s – Avalanche, Cardano, and Sui have dropped the ball . And then, Graphite Network is pushing up to 1,400 TPS with sub-10-second confirmation times. No surprises, no unpredictable gas fees, just a clear, straightforward cost structure that actually lets users plan their expenses. Reputation, trust, scalability, and speed matter, but earning directly from the blockchain is just as important. Unlike most networks, where rewards are limited to a select few, Graphite Network ensures that both entry-point (transport) nodes and authorized nodes can generate income from their network contributions. Trust First Is the Only Way Forward DonAlt’s criticism of Solana’s reputation problem is more than just a viral post – it’s a reality check for every L1 that prioritizes growth over trust. A blockchain isn’t just about TPS and fees; it’s about credibility, security, and sustainability. Solana’s rise brought innovation, but it also opened the floodgates for scammers, proving that reputation isn’t just important, it’s everything. That’s exactly the issue Graphite Network is tackling head-on. With reputation-based smart contracts, Trust Scores, and user verification systems, it’s built for scalability without sacrificing integrity. Add in clear cost structures, privacy-focused KYC, and fair earning opportunities, and the difference is obvious. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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