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.


Spectrecoin (XSPEC) - Knowing Its Basics

21 Apr 2019 4 minute read 0 comments fycee

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Spectrecoin's new v3 in detail - Prepare for a change

16 Apr 2019 3 minute read 3 comments Joker

As we come closer to the major release date of v3 as well as the hardfork, that will introduce stealth staking on the Spectrecoin network, I wanted to have a closer look on what other significant changes we will see too.The fork time for v3 is pretty...

Spectrecoin + Amsterdex = The Full Anonymous Trading Experience!

8 Apr 2019 3 minute read 7 comments Amsterex.com

Can you give us a global word about the project? Spectrecoin is a cryptocurrency with an intense focus on developing its own privacy technology and with a philosophy of protecting the privacy of its users. Spectrecoin is a ‘dual-coin’ system and hav...

How to participate in the public beta testing of Spectrecoin v3 - StealthStaking (PoAS)

5 Apr 2019 1 minute read 7 comments SpectreCat

Brace yourselves, it is almost here: StealthStaking (or PoAS) on Spectrecoin! The upcoming v3 fork will introduce this unique consensus algorithm to the Spectrecoin MAINNET. The public beta testing is now open for everyone. How to participate in the...

Spectrecoin Newsletter (April 2019)

2 Apr 2019 7 minute read 7 comments SpectreCoin

Welcome to the April 2019 edition of the Spectrecoin newsletter. We have three main features this time that I am sure you will appreciate. Firstly, we have now officially registered ‘The Spectrecoin Foundation‘ in the UK and as a result the core team...

Guide: Staking Spectrecoin on a Raspberry Pi

19 Mar 2019 3 minute read 3 comments SpectreCat

Staking Spectrecoin on your Raspberry Pi is really easy to set up. Just follow this guide and you can sit back and watch your Pi do the work for you!      — — — — — — — — Summary Flash the latest Raspi image from the official Spectrecoin Github onto...

SPECTRE trading on Amsterdex

15 Mar 2019 1 minute read 3 comments SpectreCoin

We are excited to announce an important milestone in our partnership with The Amsterdex Exchange (https://amsterdex.com/), the first and currently the only exchange to integrate our private coin SPECTRE for trading. Amsterdex is a privacy focused exc...

Evaluation of Spectrecoin and other major privacy cryptocurrencies

14 Mar 2019 5 minute read 5 comments SpectreCat

This article examines Spectrecoin’s privacy technology and analyses its properties compared to alternative implementations.       Introduction Since the creation of Bitcoin, numerous cryptocurrencies have been developed by enthusiasts from around the...

Spectrecoin Newsletter (March 2019)

12 Mar 2019 9 minute read 5 comments SpectreCoin

Welcome to the March 2019 edition of the Spectrecoin newsletter. We have some important updates around changes in the release of Spectrecoin V3. We also have updates on some of the work that has been going on behind the scenes to optimise the code fo...

Spectrecoin 2018 - A year in review. Or how XSPEC paved the road for SPECTRE

5 Mar 2019 4 minute read 12 comments Joker

No doubt, 2018 has been a rocky year, not just for Spectrecoin but for Cryptocurrency in general. Bitcoin itself has seen a major price decline yet the acceptance of crypto has grown in many more ways than the years before. The so called bear market...