Spectrecoin (XSPEC)

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Spectrecoin (XSPEC) is a privacy focused cryptocurrency that uses ring signatures and stealth addresses, via stealth addresses, to anonymize transactions. The project, launched in 2016, is a not-for-profit entity based in United Kingdom. The project is overseen by the Spectrecoin Development Fund, which has four members. Current board member Eirik Korsell is the project’s founder.

Research and development in the privacy token space has been growing, as it is coming to be learnt that Bitcoin is not as private as initially believed. Spectrecoin (XSPEC) is one of many privacy tokens in the market, many of which use other privacy preserving solutions to hide sender and recipient identities, and transaction amounts. As is increasingly the case with privacy focused networks, Spectre allows users to make both public and private transactions.

Spectrecoin (XSPEC) achieves privacy through its use of ring signatures, which pools transactions together to obfuscate the origin, and stealth addresses, which are essentially disposable addresses. Spectrecoin is much newer among them and attempts to justify its worth through its energy efficient consensus algorithm, among other features.

The consensus algorithm is a key aspect of the project. This “Proof-of-Anonymous Stake” algorithm lets users remain fully anonymous while staking coins. The network also has TOR+OBFS4 integration, adding a further layer of privacy by routing traffic across the TOR network. One other noteworthy feature is that the network a dual coin system, one each for private and public transactions. XSPEC is the public token, while SPECTRE is the private one.

Medium to long term plans for Spectrecoin (XSPEC) include Android wallet development, cold staking and improvements to privacy.

In this tag, read Spectrecoin (XSPEC) news, price predictions, opinions and analyses created by users.


Spectrecoin dual-coin system improves privacy

13 Dec 2019 5 minute read Mandica $4.81 tipped

Spectrecoin is a privacy crypto project with some unique features. Spectrecoin use ring-signatures like Monero for example as one of the privacy enhancing features. This provides plausible deniability through the use of decoys in transactions. Howeve...

November 2019

14 Nov 2019 7 minute read SpectreCoin $0.92 tipped

Welcome to the November 2019 newsletter. We have been working hard to understand the changing cryptocurrency landscape and the upcoming, very tough, regulations that will be imposed on cryptocurrency businesses. Both exchanges, custodians, wallet pro...

(IJCH) Improving Proof of Work WITHOUT Off-Chain Solutions - Part II: SPECTRE (or How to Solve Protocol Based Limitations WITHOUT Leaving the Main Chain)

11 Nov 2019 6 minute read JaiChai $1.33 tipped

  Source (Base Source) Click here for Part I of this Trilogy "(IJCH) An Insultingly Brief Discussion about Why the GHOST Protocol was Created (or How to make use of the Proof of Work Outcasts)" IJCH - Inside JaiChai's Head (meaning: My warped, person...

Spectrecoin V4.x ‘Upgrade Guide’

9 Sep 2019 5 minute read SpectreCoin $0.51 tipped

Introduction The Spectrecoin Foundation CIC released the production version of Spectrecoin v4.x on 9th September 2019 on our GitHub repo. This release will activate a planned hard-fork on Friday 27/09/2019 (27th September 2019) @ 2000 hours (GMT) (15...

Can Monero (XMR) Overshadow Bitcoin (BTC) In the Next 5 Years?

22 Jul 2019 1 minute read JamesM $7.89 tipped

It may just be possible. Monero is one of the best privacy tokens. It has been around for a long time and the team is consistently plugging away at their development initiatives. Privacy tokens are really desired by the cryptocommunity and while seve...

Privacy Coins Monero, Zcoin & Spectrecoin Price Prediction for July 2019

8 Jul 2019 4 minute read CryptoChartWizard91 $2.34 tipped

Privacy Coins are something that I have been attracted to for a long time. The idea of being able to keep some of my cryptocurrency stash private and be able to conduct transactions completely anonymously really does have a place within the cryptocur...

You Can't Miss Those 2 Crypto Projects If You Care About Privacy

8 Jul 2019 1 minute read JamesM $0.06 tipped

IMF Managing Director new European Central Bank (ECB) head Christine Lagarde is not very trusting of Bitcoin and more supportive of tokens like XRP, according to some reports that are being released.  It’s not very easy to be able to shut down Bitcoi...

Why You Should Consider SPECTRECOIN and MONERO in 2019

1 Jul 2019 3 minute read yourmitchy $3.06 tipped

The big question for investors in a time where investing in altcoins could see good profits in the next 6 - 12 months: what altcoins to invest in? Now that’s a tough one. I only see an increasing number of cryptos in the market, most of them being du...

1 Main Reason Why You Should Put Spectrecoin (XSPEC) On Your Radar

27 Jun 2019 2 minute read paulOf91 $3.00 tipped

Before I go into why I think Spectrecoin (XSPEC) is a good investment, let me talk a little bit about getting into altcoins.  Altcoins can be a bit of a problem, because they can really give you a lot of gains if you invest somewhat smartly and if yo...

Spectrecoin - Thorough Privacy Tech - Rando's Report - TA/FA Summer '19

21 Jun 2019 3 minute read RandoGraphic $2.05 tipped

Spectrecoin has been going through quite the revival since the December lows, even when compared to the aggregated altcoin market, the other privacy coins, and even Bitcoin itself. In this article we'll review the price action and fundamentals of Spe...