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December 17, 2016, 09:47:07 PM |
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Hello everybody here I am looking for competent people as well as investor for the following project:
Eurocash, anonymity if nothing
Eurocash simply allows to add a layer of anonymity by exploiting a cryptographic principle called "euro knowledge proof". This allows you to prove to someone that you made a calculation without this person needing to repeat the operation to verify it. Concretely, you can prove that something is true, without having to say publicly anything other than "this is true".
The concept is simple. With a protocol such as Bitcoin, the anonymity of the users is not completely guaranteed. The content of the blockchain is readable by anyone, and from the moment someone knows your public address, it is possible to trace all of your transactions. It's a bit like having a simple IBAN number (the equivalent of a public address) you could see the account statements associated with it, but without knowing who it belongs to.
eurocash makes it possible to hide the statement of transactions, and to reveal only a necessary part, when you wish. For if the transactions are well written in the blockchain, they are in an encrypted form. To read the details, it is necessary to have a key, which is known only to the transmitter and the receiver. This method avoids having to create "disposable" addresses to hide as much as possible the true state of your finances.
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