Privacy coin is defined as a cryptocurrency that hides data about its users. At a minimum, privacy coins hide identities. They also often hide the amount of cryptocurency traded and held in wallets. https://decryptionary.com/dictionary/privacy-coin/
Bitcoin is not a true privacy coin. Bitcoin users are identified by their public address and computer programs exist which can, in time, link those addresses to actual identities. Bitcoin transactions and wallets are also publicly visible data.
Address:
SiYdTHjstCWSr5NY463MaYMJf1aiU5kR8E
Hello everybody! This late afternoon I decided to write about Spectrecoin. I have been an advocate for this crypto for a while now and though we have experienced a very miserable crypto winter since January, 2018, and the industry has suffered with every coin and token losing the bulk of their USD value I have a hunch that XSPEC will do very well in the future. The reason I feel this way is due to technical specifications, the awesome community surrounding this coin and its past market performance.
This privacy coin reached $7+/- in January, 2018, and volume was there to support it. With the geopolitical environment the way it is at the present time. That is, China and its 1984 Big Brother Police State barrelling ahead and the U.S.-China Trade Wars coupled with a global economic recession blaring everyone in the face this coin can facilitate the anonymity someone is searching for in situations like that the XSPEC wallet is user friendly and that makes it easy to receive and transfer Spectrecoin.
What is Spectrecoin?
Spectrecoin (XSPEC) is an innovative privacy focused cryptocurrency, featuring an energy-efficient proof-of-stake algorithm that provides rapid transaction confirmations, ring signatures for privacy and anonymity, and a fully integrated Tor+OBFS4 layer for IP obfuscation within the wallet.
PRICE ACTION
Spectrecoin's price action Daily (above) and Weekly (below) shows that price has stalled or bottomed the week of September 30, 2019, at $0.036090 and has traded sideways since. A break above the September 19th high of $0.2291 would confirm to me that the weekly trend had turned bullish.
Spectrecoin is actively developed, with an ambitious roadmap that prioritises privacy, security, and true decentralisation with features such as default stealth addresses and stealth staking, and low-power mobile wallet staking in our upcoming Android wallet.
TECHNICAL SPECIFICATIONS
TICKER XSPEC
ANNOUNCEMENT DATE October 20, 2016
CONSENSUS (XSPEC) Proof-of-Stake v3 (PoSv3)
CONSENSUS (SPECTRE) Proof-of-Anonymous-Stake (PoAS)
NETWORK OUTPUTS (PUBLIC) XSPEC - public coins
NETWORK OUTPUTS (PRIVATE) SPECTRE - private coins
BLOCK REWARD (POSV3) 2 XSPEC
BLOCK REWARD (POAS) 3 SPECTRE
DIFFICULTY RETARGET Every Block
INITIAL SUPPLY 20,000,000
TARGET BLOCK TIME 96 Seconds
BLOCK SIZE 1MB
RING SIGNATURE SIZE 10
BLOCK REWARD 3 SPECTRE for PoAS
2 XSPEC for PoSv3
- Generated Fees
MAX SUPPLY None, with
Declining inflation over time
INFLATION Decreasing over time tending to zero
MATURITY (CONFIRMATIONS) 450 Blocks (stake rewards)
10 Blocks (SPECTRE)
6 Blocks (XSPEC)
MINIMUM STAKE AGE ~12 Hours
INITIAL DISTRIBUTION ICO
AVERAGE ICO PRICE ~83 Satoshis
PROJECTECD ROADMAP
Q4 2019
INSTALLER FOR MACOS & WINDOWS
Simpler client installation process
2020
ANDROID WALLET & COLD STAKING
Mobile wallet for Android users
Cold Staking for added security
TBD FUTURE
PRIVACY IMPROVEMENTS
TBD, for example Dandelion
https://www.publish0x.com/spectrecoin-xspec-official-blog-page/v41-release-update-xwrrpj
"Rebranding
The first major change we can confirm is that Spectrecoin will move forward with a new name, rebrand and update both in terms of our image, graphics and a repositioning and more concise mission presentation."
https://www.publish0x.com/spectrecoin-xspec-official-blog-page/november-2019-xzrrml
If you're curious about the bulk of the Foundation's current ‘operating fund‘ from where it will pay:
- developers, and
- or, raise BTC or fiat for the purpose of paying for services
https://chainz.cryptoid.info/xspec/address.dws?Sd51FYBxEWfqcJDd17FJV4u1wfS7EF1sbB.htm
Links
Website: https://spectreproject.io/
GitHub: https://github.com/spectrecoin/spectre
Block explorer (v4): https://chainz.cryptoid.info/xspec/
Testnet explorer (v4): https://chainz.cryptoid.info/xspec-test/
Coinmarketcap: https://coinmarketcap.com/currencies/spectrecoin/
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/XSPEC_BTC
Txbit (SPECTRE): https://txbit.io/Trade/XSPEC/BTC
Discord: https://discord.gg/ckkrb8m
Twitter (official): https://twitter.com/Spectrecoin
Twitter (official): https://twitter.com/XspecRising
Bitcointalk: https://bitcointalk.org/index.php?topic=4434053.0
Reddit: https://www.reddit.com/r/XSPEC/
Telegram: https://t.me/spectrecoin
Facebook: https://www.facebook.com/spectrecoin/
Medium https://medium.com/@Spectrecoin
ARTICLE(S) HIGHLIGHTING/MENTIONING SPECTRECOIN
How Spectrecoin Keeps Transactions Private: An Illustrated Guide
https://www.investinblockchain.com/spectrecoin-private-transactions/
VIDEOS HIGHLIGHTING/MENTIONING SPECTRECOIN
Address:
SiYdTHjstCWSr5NY463MaYMJf1aiU5kR8E