Draft:GRASS (Blockchain)

Grass Network

Denominations
Symbol	GRASS
Code	GRASS
Development
Original author(s)	Grass Foundation
White paper	Grass: A Decentralized Data and Bandwidth Network
Code repository	https://github.com/grass-network
Development status	Active
Developer(s)	Grass Foundation
License	Apache 2.0
Ledger
Circulating supply	243.9M GRASS
Website
Website	www.getgrass.io

Grass Network is a decentralized blockchain-based platform that allows users to contribute unused internet bandwidth to a distributed network in exchange for rewards. The platform utilizes a proof-of-stake consensus mechanism to support web data processing and AI training applications. Its native cryptocurrency, GRASS, is used for transaction fees, staking, and governance.

Characteristics

Grass operates as a decentralized infrastructure enabling users to monetize unused internet bandwidth. The network consists of three main components:

• Grass Nodes: Devices that share bandwidth while maintaining privacy protections.
• Routers: Entities that relay data and ensure compliance with network protocols.
• Validators: Nodes responsible for verifying web transactions and securing data integrity through cryptographic proofs.

According to the Grass Foundation, the network is designed to provide transparency in web data aggregation while preserving user anonymity. Verified institutions can access shared bandwidth for web indexing, price comparisons, and academic research tasks. Unlike traditional web-scraping operations, Grass uses a proof-based verification system to ensure data legitimacy.

History

The Grass Foundation launched Grass in 2024. The project aimed to create a more equitable internet infrastructure by redistributing profits from web data collection to users providing network resources. In October 2024, the network conducted its first token airdrop, distributing 100 million GRASS tokens to over two million users.

In December 2024, Grass introduced a staking mechanism allowing users to delegate tokens to routers to support bandwidth relay functions. The network's governance model enables GRASS holders to vote on system upgrades and policies regarding institutional partnerships.

Market Value

The GRASS token has fluctuated in value. As of December 2024, its market capitalization was approximately $354.52 million, and its total supply was capped at one billion tokens. The token's utility includes staking for network security, governance participation, and transaction fees for data access services.

Security and Outages

The Grass network implements security measures to prevent unauthorized access to user data. Traffic relayed through the network is encrypted, and personal browsing history remains inaccessible to Grass and third-party institutions. The network has not reported significant outages, but it continues optimizing node validation processes.

See Also

• Decentralized finance
• List of cryptocurrencies