Features

Transparency and efficiency: A new democratic voting system in which block producers are elected. Since the DPoS system is supported by voters, delegates are incentivized to act honestly and efficiently in order to be voted for in the future. A smart contract is not used for delegation and the entire mechanism is written in the code of the blockchain itself.

Energy efficiency of algorithmic delegation: In the algorithmic implementation, incomparably few resources are spent since the delegation code is part of the general mechanism of GRACE blockchain and is performed almost unnoticed along with ordinary token transfer operations.

Trust: Those who put their assets at stake will be interested in ensuring the security of the network by working honestly. This is because if someone tries to hack the network or process malicious transactions, users will lose their entire stake before the next block is created.

Security: As a fully algorithmic model, the security of GRACE relies on several algorithms. Cryptographic algorithms form the frontline security layer. These algorithms are accountable for generating unique keys and signatures for the nodes and messages respectively.

Faster transactions: GRACE blockchain in most cases, provides better performance in terms of transactions per second.