[ANN] SPECTRECOIN | Anonymous | Stealth-Staking | Tor | Ring Signatures

cbread

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Oct 2, 2019
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Spectrecoin is a secure Proof-of-Stake-v3 cryptocurrency network with real Anonymous Transaction Capability.
Spectrecoin has fully integrated Tor as a service in the code base and all nodes run as hidden services.
Spectrecoin uses ring-signatures / stealth technology to protect your privacy.
Spectrecoin has a unique 'Proof-of-Anonymous-Stake' staking algorithm using ring-signatures. The first to implement this.
White paper updated 17th June 2019: https://spectreproject.io/Spectrecoin_White-Paper.pdf[/size]

'Proof-of-Anonymous-Stake' PoAS
On 17/05/2019 (17th May 2019) 2000 GMT (UTC) London, UK time the Spectrecoin network activated 'Stealth Staking' with a hard-fork. This activated Spectrecoin v3.x with our novel ‘Proof-of-Anonymous-Stake’ protocol. This release had been nearly 10 months in development and testing and introduced the first fully anonymous staking system on a trustless setup. In addition, there are other major changes in v3.x. The block time increased to 96 seconds and the stake reward is now fixed per block. The reward for a block staked with SPECTRE (PoAS) is 3 SPECTRE. The reward for a block staked with XSPEC (PoSv3), is 2 XSPEC. This will slightly decrease inflation over time.

Development Contribution Blocks (DCB)
After 21/08/2018 @ 2200 hours (GMT) one in six (1 in 6) block rewards will be designated DCBs and will be sent to the Spectrecoin team development fund wallet. This fund will ensure a future for Spectrecoin and will enable us to pay for certain services and to hire contractors and to pay Spectrecoin core team members in XSPEC to enable them to work full time on the project. We have some long term projects and concepts to implement such as a new proof-of-stake algorithm we call Proof-of-Stealth to enable so called "stealth staking". These developments depend on a source of steady funding. We believe this will give us the opportunity to produce better software and will create value for investors. We currently have some very skilled developers working for us and we want to keep it that way.

Key Privacy Technology
Anonymous coin creation: Through the use of dual key stealth technology Spectre provides the ability to generate ‘anonymous coins’ that we call SPECTRE that can be spent in anonymous and private transactions. Spectre is a dual coin system and also comprises the 'normal' coin we call XSPEC that can be used in traditional transactions much like Bitcoin and most other cryptocurrencies.

Ring Signatures: SPECTRE can be sent anonymously through an implementation of ring signatures based on the Cryptonote protocol to eliminate any transaction history. The wallet offers the opportunity to transfer your balance between public coins, XSPEC, and ‘anonymous coin’, SPECTRE. We are currently working on improving this technology to improve functionality and privacy.

'Proof-of-Stealth' (Anonymous Staking): Starting with Spectrecoin v3 (released on 17th May 2019) users can now stake anonymously using our unique algorithm is based on PoSv3 but using ring-signatures and stealth addresses.

Built in Tor: The Spectre software offers a full integration of Tor (https://www.torproject.org/) so that the Spectre client runs as a Tor hidden service using a .onion address to connect to other clients in the network. Your real IP address is therefore protected at all times.

Wallet Downloads
By downloading and using this software, you agree that 1/6 of the staking rewards are contributed to a development fund. The development fund aims to support the long term development and value of Spectrecoin. The fund is managed by the Spectrecoin core team.
Download

Connect with us
Visit our website: Spectreproject - in the process of being updated!
Join us on our: Discord server!
Coinmarketcap: https://coinmarketcap.com/currencies/spectrecoin/
XSPEC block explorer: https://chainz.cryptoid.info/xspec/

Exchanges
Txbit.io: https://txbit.io/Trade/XSPEC/BTC (anon SPECTRE in/out + trade)
Crex24: https://crex24.com/exchange/XSPEC-BTC
Livecoin: https://www.livecoin.net/en/trading/XSPEC_BTC
Altilly: https://www.altilly.com/market/XSPEC_BTC
Citex: https://www.citex.co.kr/#/trade/2/88

Basic Specifications
Total number of coins: 22,503,567 XSPEC / SPECTRE as of 18th May 2019
Genesis Transaction: 20th September 2016
Algo: PoSv3 + PoAS (Proof-of-Anonymous-Stake)
Target block time: 96 seconds
Stake reward PoSv3: 2 XSPEC / block
Stake reward PoAS: 3 SPECTRE / block
Inflation: Around 4% approaching 0% over time
Confirmations: 6 blocks
Min stake age: 8 hours

Media
https://briandcolwell.com/2018/08/spectrecoin-privacy-tech-innovation/.html
https://www.coindesk.com/stealth-staking-privacy-coin-plan-mask-proof-of-stake/
https://cryptorecorder.com/2018/07/30/investor-insight-why-you-must-hold-spectrecoin-xspec-and-namecoin-nmc/
https://briandcolwell.com/spectrecoins-ring-signature-stealth-staking/

Newsletters & Updates
https://news.spectreproject.io/

A word of about moderation:
This thread is to discuss XSPEC and nothing else. If you have something sensible, fine, if not then don't post. We will delete any post that is off-topic or appears slanderous, aggressive, abusive or otherwise irrelevant or outright attempts at FUD, Trolling etc.