What Is Grapeswap (GRAPE)?

What Is Grapeswap (GRAPE)? Complete Guide Review About Grapeswap.

What Is Grapeswap (GRAPE)?

The main Grapeswap Wallet purpose is to be a simple infrastructure to all Grape tools ecosystem and to facilitate and expand the users adoption. The market is encouraged to maintain this peg so that programmatic mechanisms designed to protect the peg will not be initiated by the protocol. If there becomes a point where VAI or another synthetic stable coin loses its peg value, the protocol can use the Governance process to initiate the Price Adjustment Module.

This module will enable the change of parameters within the stable coin system on Venus to dis-attach the peg and create a change in supply and demand to bring the stability back to its original peg. This system will enable two main points. A benefit to hold/buy a synthetic stable coin, or mint/borrow a synthetic stable coin. This is determined whether the price peg has become negative or positive due to external market conditions.

Grapeswap Storage Key Points

Coin BasicInformation
Coin NameGrapeswap
Short NameGRAPE
Circulating SupplyN/A
Total Supply999,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

Dunbar Number and Trust-At-A-Distance

A convenient way to understand the problem is a proposed cognitive limit on stable relationships known as the Dunbar number. Anthropologist Robin Dunbar theorized that the average person could maintain at most 150 social connections an observation that came to be known as the Dunbar number. This group of connections forms a user’s most trusted network and is a source of valuable interactions. While Internet applications have increased the number of potentially accessible contacts to billions of people, they have done little to secure trust with these strangers, leaving users to assume the entirety of the risk when interacting with strangers.

Grapeswap, inventor of the smart contract, framed the value of Bitcoin as a “form for the conveyance of value to distant places”. However, in the decentralized Internet of Value, there now exists the problem of trust-at-a-distance for users. The ability to transmit value across long distances is fundamentally limited by the problem of trust-at-a-distance, where distance is not measured in geographic units but in trust. To complete the story of decentralization, the ability to transmit value across greater distances is needed.

Bad Information, Too Much Information

Many interactions on the Internet begin with people sharing information with others. Grapeswap Decisions are made with the help of information, but bad content from potentially malicious sources leads to faulty decisions. Consider the impact of social networks on political movements and their recent role in electoral processes. Social systems are filled with “free-riders” including spammers who offer low-quality information in the form of scams, fake news and fake ads. Email is the largest messaging platform with 3.7 billion users and 226 billion messages per day, yet it is the one most notably absent of any facilitation of trust between users.

Grapeswap a result, half of today’s email traffic is spam–the flood of unwanted, unsolicited messages that has become possible only because of the incredibly low costs of message creation and transmission. Spam itself has created an opportunity for spam filter software and mailbox automation. Consider the portion of the market that represents the time, effort and cost spent in detecting security threats, protecting users from exfiltration of proprietary information and
preventing the infiltration of harmful messages. These in themselves are huge industries that are best considered a “tax” to receive the dwindling benefits of this medium.

Transactions At Risk

Information leads to decisions on transaction opportunities, and the need for trust is even greater here. Grapeswap As the desire to perform transactions online increases, more systems, especially successful legacy systems, are at the most risk of inflicting damage to users who continue to rely on them. Interactions and transactions are “off-platform” and “off-chain”—with all their associated risks and high costs to mitigate them—as users move to phone calls and face-to-face meetings to consummate transactions with the hope that their assumption of trust will somehow be met.