TokenPay will ride the 3 main trends of the cryptocurrency world and become one of the most recognizable privacy coin in the world. Why do I say so?
TokenPay combines the best cryptographic technology available today and incorporate into the coin, known as TPAY, advanced security and privacy features so that users can become so confident of this coin, that banking can be enabled with TPAY.
Whats this 3 main trends?
The first trend is Bitcoin. Everyone in the world now recognizes Bitcoin and it is the first coin all newcomers to cryptocurrency gets into contact with and arguably the most popular and most recognizable cryptocurrency in the world now. Bitcoin is the original cryptocurrency that was launched in 2008 and today it has never been hacked. TokenPay adopts the same technology as Bitcoin and seeks to make Bitcoin better with TPAY.
The second trend is the need for privacy. When Bitcoin first launched, it got popular in the underground markets and facilitated anonymous transfer of value. But soon after, it is realized that Bitcoin do not provide real anonymity as all transactions on Bitcoin blockchain can be seen and can be traced; albeit with some effort. TokenPay incorporate numerous security and privacy features onto the Bitcoin blockchain to keep up with the need for security and privacy in our increasing chaotic world.
- Firstly, TokenPay is able to support Multi-Signature Transactions. The typical transfer on any blockchain is considered as a Single-Signature Transaction as only yourself is needed to send your funds. But TokenPay will support more complicated transactions that require multiple people’s signature in order to complete the transfer. This can make specific accounts more secured as multiple parties must cooperate before a transfer can take place.
- Secondly, TokenPay employs ring signature which is a digital signature that can be shared within a group of people such that a message can be signed by anyone from the group but it becomes computationally infeasible to find out whose keys were used to produce the signature. This will give greater privacy for users.
- Thirdly, TokenPay uses dual-key stealth address so that the user can share the address publicly but yet transactions to this address cannot be traced. No one will be able to spy who sent you funds as the dual-key stealth address will generate a new unused normal address for receiving the funds. Impossible to spy on your activities.
- Fourthly, a zero-knowledge proof protocol is employed in TokenPay such that statements can be proved without exchanging keys. This protocol is currently implemented in Zcash and Ethereum too and will allow private transactions which are untraceable.
- Fifth, TokenPay is integrated into the TOR network such that anonymity of the source and destination of the transaction cannot be traced.
- Sixth, TokenPay also employs a Secure Communication Interface so that secured conversations can be maintained as communications are encrypted by the AES-256-CBC.
The third trend is the trend towards Proof-of-Stake (POS) and away from Proof-of-Work (POW). As more and more people start mining Bitcoin, more and more electricity are being consumed to the extent that Bitcoin mining consumes more electricity than many countries. This is definitely not green and costly. POS is energy efficient and makes it expensive for the blockchain to be hacked. You just need to have a TokenPay wallet running on your computer to be able to be allocated rewards for allocating processing power to stake transactions.
TokenPay will only have a total of 25 million coins in its entire lifetime. The supply of TokenPay cannot be increased based on the governments’ whim and fancies. TokenPay allocates 25% of the total supply of coins for POS rewards. The TPAY rewards will be given at 5% per year to users who maintain a TokenPay wallet and contribute to the staking.
TokenPay is akin to the version of Bitcoin that is modern and suits the trends of the times. Do check out TokenPay website and read their whitepaper too.
Website: https://www.tokenpay.com?rc=0IPZA
https://bitcointalk.org/index.php?topic=2400499
Whitepaper: https://www.tokenpay.com/whitepaper.pdf
Twitter: https://twitter.com/tokenpay
Facebook: https://www.facebook.com/tokenpay
Telegram: https://t.me/tokenpay
TokenPay ICO Dashboard Login Email: martinkuhn@1978@gmail.com