Latest Posts with Spectrecoin (XSPEC) tag

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.


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

22 Jul 2019 1 minute read 17 comments JamesM

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 0 comments CryptoChartWizard91

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 1 comment JamesM

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 1 comment yourmitchy

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 7 comments paulOf91

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 3 comments RandoGraphic

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...

How to buy Spectrecoin anonymously via Bisq

13 Jun 2019 3 minute read 8 comments SpectreCat

IntroductionSpectrecoin is all about financial privacy. All network traffic is routed via Tor + OBFS4 to protect the IP addresses of network participants, ring signatures and stealth addresses ensure transactional privacy and, since the release of Pr...

Stealth Staking Activated

19 May 2019 2 minute read 14 comments SpectreCoin

  We are very excited to announce that the Spectrecoin V3 hard-fork to activate “Proof-of-Anonymous-Stake” (PoAS) or so called ‘Stealth Staking‘ was a success and anonymous staking is now live for everyone. The hard-fork was completed just past 2000...

Peacocking in the Age of Privacy: Why I've Chosen Spectrecoin

17 May 2019 7 minute read 20 comments Titorelli

Peacocking in the Age of Privacy Privacy is a hot commodity in the crypto world but it doesn’t take long to realize with a little digging that not all privacy coins are created equal. Many coins fail to offer total anonymity for their users but inste...

Time to buy Spectrecoin? - Now or never?

6 May 2019 2 minute read 16 comments Joker

While I personally dislike questions as "When moon?" or people hoping for their coin choice to make an x100-x1000 investment gain. I want to make an evaluation of alike minded privacy cryptocurrencies and point out possibilities. Note: This is an opi...