Bitcoin Cash and Bitcoin Transactions Privacy Protection Coming!

kingscrown (81) in bitcoin • 7 years ago

Both currencies are getting ways to keep transactions private right now.

STRATIS and Breeze Wallet

STRAT currency shared alpha of their new wallet that will allow you to store STRAT and BTC plus mix transactions using TumbeBit method.

Markets

I would suggest to get some STRAT before full release especially from Binance due to superb low fees there.

Cash Shuffle - Bitcoin Cash

Unlike beta from another currency there is full release of Bitcoin Cash with plugin for Electron using CoinShuffle protocol.
Unlike mixers you could been used to, here users run servers and add the plugin, then coins are shuffled between transactions in fully decentralized way. Think of it masternodes a like.
https://cashshuffle.com/ fully open source.

Bitcoin Cash Markets

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bitcoin blockchain cryptocurrency money security

7 years ago by kingscrown (81)

$93.92

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techwizardry (65) · 7 years ago

Will this functionality essentially make Dash, Zcash and Monero obsolete/useless?

$1.35

2 votes

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hustletoparadise (67) · 7 years ago

Yea, reason why I never wanted to invest in Dash, Zcash, or Monero. The anonymous technology will eventually be adopted by the major coins.

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3 votes

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introvertspeaks (51) · 7 years ago (edited)

The level of anonymity offered by this coin has never been done in the past. Privacy Protection at the Tor Level, Ring and Multi-Signature, Zero-Knowledge Proof, Dual-Key Stealth Address.

Bitcoin, Dash, Zcash and Monero will look amateurish.

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vimukthi (73) · 7 years ago

That's a monster if they implement it. But the token sale performance and GitHub activity makes me take a step back. The project looks too good to be true and commits practically all the sins of an ICO. The bonuses are way too huge and I doubt these guys would even deliver.

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introvertspeaks (51) · 7 years ago (edited)

The bank creation and international card issuance for ATM transactions are to me the most killer features.

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vimukthi (73) · 7 years ago

Well there are projects like Monaco, Metal, TenX that gets the job done for most cryptos.

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vimukthi (73) · 7 years ago

You'll have to consider multiple elements. Mainly the quality of the provided privacy and other extra features.
How good is the mixing. Is it trusted or trustless? Dash has unbroken trustless mixing at the protocol level. Dash maintains the transparency while remaining fungible. You know the inputs and outputs only.

Zcash uses zk-SNARKs which is actually a trusted setup that obscure both Tx amount and the sending/receiving parties. It's trusted encryption.

Monero (which had it's pre 2017 privacy broken) uses mixins which are like fake coins and Ring Signatures to obscure Tx.

All these methods are more than somebody doing a shuffle. These functionalities are no threat to any major privacy coin even including PIVX, XVG and ZEN.

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introvertspeaks (51) · 7 years ago

I plan to create my own coin soon. I am still thinking of what might be the best name.

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vimukthi (73) · 7 years ago

Try picking up a name from a legend or mythology. It could be Greek, Egyptian, Chinese, Japanese, European.....just take something from the myths. It'd be cool.

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coinlend (55) · 7 years ago

Yo ,
Thanks for the great content

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1 vote

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introvertspeaks (51) · 7 years ago (edited)

You're welcome! Nothing comes close to what this platform has to offer in terms of privacy and security. The rest are nonsense! Not even Monero. Best thing about it is that, it is using PoS as a form of consensus algorithm.

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eric-boucher (68) · 7 years ago

THIS is big news for that crowd!

Thanks for sharing this update with us, we all gained from being aware of this. Namaste :)

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10 votes

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introvertspeaks (51) · 7 years ago

Yep, namaste too brother! This ICO is another big news that is about to explode this coming January next year, 2018. Be sure to be on the front seat so you won't miss the next Bitcoin on steroids. Early birds enjoy coin bonuses. Don't thank me now, thank me later when you are rich!

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1 vote

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thecryptotrader (63) · 7 years ago

Hope bch becomes the new bitcoin!

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1 vote

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hustletoparadise (67) · 7 years ago

Interesting ... I'll have to buy more Stratis to add to my portfolio.

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1 vote

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introvertspeaks (51) · 7 years ago

This alt-coin will be the next big thing in 2018. Better than Bitcoin, superior than Monero.

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hustletoparadise (67) · 7 years ago

I just bought some Stratis on the slight dip it had today! :)

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1 vote

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introvertspeaks (51) · 7 years ago

That's OK brother. Happy Steeming!

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leesoojin (26) · 7 years ago

so thanks! i vote your board!

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1 vote

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willitchang (40) · 7 years ago

What we really need is LOW FEES.
Privacy protection can wait.

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1 vote

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introvertspeaks (51) · 7 years ago

I agree! Who needs that privacy when we cannot transact penny, right?

Bitcoin is a garbage now, truth be told.

What if I told you there is an ICO going on which will provide you with LOW FEES and total privacy combined?

Don't take my words for it. Go take a look at the video presentation and read the White Paper here.

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notaz (36) · 7 years ago

Great news thank you...

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2 votes

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mhel (54) · 7 years ago

Very informative thanks for sharing..

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firsthand (25) · 7 years ago

there are so many alt coins coming these days and yet many big private corporations like starbucks , burger king etc are planning for their own coins . this is defintely going to be a game changer but which altcoins will take the next few spots after the Bitcoin is the key for this internet and digital currency and Virtual world era. by the by its a nice info man.

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introvertspeaks (51) · 7 years ago

This ICO will be the next Bitcoin next year.

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rashley01 (49) · 7 years ago

Nice post! I followed you, looking forward to see more awesome post in the future. Don't forget to follow me back. I also upvoted this.

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cristianv (26) · 7 years ago

So now bitcoins becoming more like monero in the sense that it is more private.

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introvertspeaks (51) · 7 years ago

Looking for crypto privacy? Go here and watch.

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sames (65) · 7 years ago

can Cash Shuffle be put on the orginal bitcoin?

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cajalias7 (48) · 7 years ago

que buena esta noticia ayuda mucho a orientarme..

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builderofcastles (65) · 7 years ago

I am glad more anonomizers are coming out.

Still, the biggest problem is the user doxxing themselves.
Use a wallet to buy something from amazonium, and instantly the feds know where that wallet is.

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introvertspeaks (51) · 7 years ago

Well, not anymore. You want privacy at the Tor level? Check this ICO.

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naeemahmedd (49) · 7 years ago

bitcoin is the world famous cryptocarancy bank?? thanks for shereing@kingscrown

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bycz (58) · 7 years ago

Let's check out! Thanks for the lead.

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gameofmeme (41) · 7 years ago

Bitcoin vs Gold......

https://steemit.com/bitcoin/@gameofmeme/investors-dumping-gold-for-bitcoin

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bitgeek (62) · 7 years ago

Congratulations @kingscrown, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 359 and the total pending payments to posts in this category was $6223.46. To see the full list of highest paid posts across all accounts categories, click here.

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alishannoor (64) · 7 years ago

it should be secured because people are having lots of bitcoins worth millions now in the present time

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miguelsuarez58 (25) · 7 years ago

interesting this news, since bitcoin is going up in an unexpected way and I think it was worth seeing

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rizwansadiq (36) · 7 years ago

hy .They have a huge emphasis on governance in their documents about what they look for in coins. Dash is a joke with governance , masternode votes don't guarantee being forked, the blockchain doesn't lock the votes. Coinbase might avoid Monero over criminal interest in it. I doubt IOTA will be on Coinbase so fast till all their promises hit. Something you never listed on here is Decred. It's backed up by Charlie Lee and is made by the people who created the lightning network and did an atomic swap with LTC before all the other coins did that. It's right in the BTC and LTC family.