Hi guys! It's your favorite crypto blogger with another round of juicy crypto gossip.
Blockchain technology has changed the way we look at things like data storage, centralization, and most importantly privacy. Financial and personal privacy has become an extremely expensive commodity as purchases performed with credit cards and bank transfers are monitored. Sensitive financial information is currently being stored in systems that are not invulnerable.
Even Blockchains that are supposed to be autonomous and private are not completely so, as anyone who is determined enough with the right resources can still trace transactions. But what if there was a blockchain that has privacy, security and anonymity embedded into the very grains of it’s foundation. The problem of privacy and anonymity would be solved in one fell swoop and Indivivuals data would be protected and secure from the public.
SUBI
The Subi Platform aims to enable access to empower people across the world to achieve independence in their social, economic, and global structure. These assets span from financial security and freedom to personal privacy and private data management. The Subi platform is designed to ensure the protection of user data, anonymity and privacy as well as a seamless integration of services both private and public. The Subi Platform offers layered privacy protocols that enables users to create a medium of communication and decentralized applications between blockchain layers and platforms.
SUBI’s Shading System
Subi Shade is a privacy feature based on the Shading Protocol that makes user’s coins completely private from the chain. This element uses Zerocoin to conceal transaction location with one-way privacy: either for the sender or the receiver. This is the first Shading protocol privacy solution as it allows users to mint Subi coins, essentially making them disappear with no previous history and permitting the user to decide when to spend their coins leaving no traces for Subi. The Subi Platform is built to establish an entire ecosystem of distribution with the added power of privacy. To achieve this the platform design targets a series of privacy elements like SubiNodes and Multi-Way ’Shading’ which will make the Subi Platform a powerful privacy-based ecosystem. To enable these features, the Subi Platform has created a personal privacy layer named the Shading Protocol. Using mechanisms and technology from Zerocoin privacy proofs, paired with one-time integrated Zerocoin addresses. Combined with a Tor network that offers OBFS4 bridging and communication, all layers from a networking privacy to blockchain privacy are established. Privacy and Anonymity is guaranteed to a paranoid level.
Earning Profit – SUBI Nodes
Maintaining and running a SubiNode is a decentralized process in which users need to obtain 10,000 SUBI locked in a wallet to operate. By holding these Subi in a locked wallet and following SubiNode setup procedures, the network uses nodes to dedicate power for Shading transactions ensuring no bottleneck in the computing component of each privacy element; in return, each SubiNode is rewarded as follows: a.) There is a 0.30% fee awarded to SubiNodes through any ‘Shaded’ transaction enabled by smart contract elements, which is a small charge to pay for decentralized privacy that also includes atomic swaps. b.) SubiNodes additionally earn partial block rewards of around 30% per block in the proof-of-work and proof-of-stake stages.
SUBI DEX
Traditional markets, a trusted third party is required for users and traders to engage and trade currencies through an escrow. Multiple times throughout the evolution of cryptocurrency trading, this trust has been abused and traders/users have been taken advantage of. The use of atomic swaps eliminates this issue, and the process for a Subi privacy swap is simple. By integrating several DEX platforms, the Subi Platform allows for the exchange of one cryptocurrency for another without the need of a trusted third party.
The SubiDEX creates a layer of privacy for any protocol and tradeable asset through a multi-tiered trading structure. Subi seeks to bridge communication within external DEX’s to create privacy elements among all and any compatible ecosystems. The progressive incorporation of more DEX’s is allowing Subi to achieve this unification, permitting direct development on each protocol in a streamlined fashion as a prompter integration is developed. Users can trade their assets on the SUBI Dex instantly and anonymously.
VOTING
The true meaning of blockchain and what it stands for is represented in SUBI, as it is completely decentralized, private and efficient. The Platform will allow token holders to make important decisions through voting on decisions as users will be the one to guide the platform forward.
Official Links
Website: https://subi.io
Discord: https://discord.gg/T9c3VK9
Exchange: https://dex.subi.io/markets
Coin Specs
General
Algorithm - Neoscrypt
Block Reward - 45 SUBI
Block Time - 60 Seconds
Block Size - 4MB
SegWit - Enabled
Mining Ends - Block 75,000
Development Fund - 5%
Max SUBI - 12,000,000 SUBI
SubiNode
SubiNode's have an inbuilt anti-centralize system, the first few SubiNode's will not get rewards every block to ensure they do not take over the network.
Port - 5335
Collateral - 10,000 SUBI
Start - Block 1000
Reward - 30%
Staking
Staking Starts - Block 75,000
Rewards - 5% decreasing 1% each year
'Offline Staking' - Supported
Coin Maturity - approx. 24 hours(edited)