Epic Cash is decentralized and private hard money that can be mined by anyone with a CPU, GPU or ASIC, through corresponding consensus algorithms. Epic cash is created to protect the privacy of individuals and their transactions. Epic Cash aims to be recognized as the medium of exchange counterpart to Bitcoin’s recognized position as the decentralized store of value leader. By reintroducing lost fungibility on a much more energy-efficient and ecologically-friendly hardware backbone, Epic Cash tilts the balance of power back in favor of individual users, in stark contrast with recent centralizing trends.
Before discussing more about Epic cash. I’ll tell you about the problems blockchain is facing. It’s no more news that bitcoin transactions can be traced, a journalist Grace said ‘Bitcoin is “no more secret than a Google search from a home internet connection.”
Most cryptocurrencies, like Bitcoin, are stored in wallets whose addresses refer to public keys derived from a wallet’s private key. These addresses can be thought of as locators of one’s private vault in the digital world.
Cryptocurrencies are usually considered to be fungible assets, where is possible for one coin to be equivalent to another. Without confidence in the fungibility of money, that money rapidly loses its utility. As you will see, the fungibility of previous crypto-currencies is now in danger.
Scalability — Most cryptocurrencies require indefinite storage of all transaction data on their blockchains. The Bitcoin chain currently gains 0.1353 GB of memory each day, while Ethereum’s chain increases by 0.2719 GB a day. At this rate, Bitcoin will eventually reach an approximate 6 TB in size by the time its last block is mined in the year 2140. Ethereum will have surpassed 10 TB by that time.
Epic Cash Solution to the problem
Privacy of Identity
Epic Cash eliminates addresses entirely and instead applies one grand multisignature from which all public and private keys are generated on a single-use basis. In addition to eliminating wallet addresses, Epic Cash secures privacy of identity by ensuring IP addresses can’t be traced. It does this through the integration of the Dandelion++ Protocol.
Improving upon its predecessor, the original Dandelion Protocol, the Dandelion++ Protocol is a result of 7 researchers’ continued work to combat deanonymization attacks on the blockchain. This makes it nearly impossible to trace transactions back to their origin, and thus their originating IP addresses.
Privacy of Transaction
Epic Cash assures transaction privacy by obscuring amounts and the sender-receiver relationship of a transaction. The plan is to break transactions into smaller parts by performing calculations on encrypted information without decrypting it first to preserve privacy. Once divided up, the actual amounts of the transactions cannot be seen. This is done by using the Homomorphic Encryption and blinding factors.
Fungibility
The team behind Epic Cash’s is well aware of the threat at hand that the achievement of fungibility in large part hinges on privacy. Epic cash privacy architecture ensures it is impervious to the threat. Epic Cash is one of the few cryptocurrencies that avoids this problem entirely due to the strong privacy features, by removing the link between identity and ownership, and the relationship between transacting parties. Epic Cash can never be affiliated to a person or an activity.
Scalability
Epic cash solution to solving the memory dilemma is offering “MimbleWimble”. Epic Cash is a MimbleWimble implementation that yields advances in scalability as a result of efficient space design that sheds redundant transaction data. Imagine the entire historical record of Bitcoin were to be stored on the Epic Cash blockchain instead, it would fit into nearly 90% less space. Amazing right?.
Speed
Epic Cash transactions are smooth and continuous; executed much more quickly than previous generations of Blockchain technology. While Bitcoin requires six 10-minute blocks to achieve practical transaction finality, Epic Cash exchanges take place within a single block confirmation as soon as a 1-minute block has been mined
Mining
Epic Cash pursues decentralization by welcoming a wide variety of computation hardware. Epic mining is initially available to CPUs, GPUs, FPGAs, and ASICs, using four respective hashing algorithms: RandomX, ProgPow, SHA3 Keccak, and CuckAToo31+. Additional algorithms can be trivially hot-swapped without compromising the integrity of the chain.
Conclusion
The epic cash solution swings the needle towards anonymous and restores this essential property by ensuring that both privacy of the individual and privacy of transactions are engineered into the system at a fundamental level. Every Epic is mined into existence via proof of work. Supply begins at zero and the network is considered fair launched, with a functional test net currently running.
Technical Specifications
Block Time: 60 seconds
Block Size: 1 MB
Starting Supply: 0
Final Supply: 21,000,000
Genesis Block: July 4, 2019
Consensus: Proof of Work; CPU: RandomX | GPU: ProgPow | ASIC/FPGA: SHA3 C31+
bounties.epic.tech — Spread the word and earn some Epic Cash
community.epic.tech — Social Channels, news
docs.epic.tech — Documentation
explorer.epic.tech — Block Explorer (Origins Testnet currently running)
faq.epic.tech — FAQ / Q&A
forum.epic.tech — Discourse Forum
mine.epic.tech — Miner Community
github.epic.tech — GitHub
Interested in more EPIC CASH
Website https://www.epic.tech/
Ann Thread https://bitcointalk.org/index.php?topic=5112108.0
Facebook: https://www.facebook.com/EpicCashTech/
Twitter: https://twitter.com/EpicCashTech
Telegram: https://t.me/Epic04July2019
Discord: https:discord.gg/nYcYbEN
LinkedIn: https://www.linkedln.com/company/epic-cash/
Written by
Bitcointalk username: Emman5
URL: https://bitcointalk.org/index.php?action=profile;u=2598693
Eth address: 0xC79D7945f36836f8725c964E8D501aF1e643a74f