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Author Topic: Best anonymous transactions for a cryptocurrency?  (Read 2299 times)
clockuniverse
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January 20, 2017, 02:40:36 AM
 #1

We are thinking about adding anonymous transactions to Terracoin and we were wondering about the pros and cons of the options.

I currently know of three coins with anonymous transactions, Monero, Shadawcash and Zcash.

We want to stick somewhat close to our current coin specs:

BTC Code 12.1 (We would like to upgrade to .13.2 when we add anonymous transactions)
SHA-256 Algorithm
42 Million coins
Reward Halving @ 1050000 blocks
20 TRC per block
Merged Mining
Dark Gravity Wave Difficult Recalculation
Each block is generated approximately every 2 minutes

Any feedback would be great.  Thanks!

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January 20, 2017, 03:00:22 AM
 #2

what is youre thread
youre explain about total suply coin, halving and more
but youre threadn not write youre name youre coin
you can share youre annoucment thread youre coin

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deeplink
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January 20, 2017, 11:05:24 AM
 #3

What about Dash?

https://en.wikipedia.org/wiki/Dash_(cryptocurrency)
clockuniverse
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January 20, 2017, 05:39:45 PM
 #4

what is youre thread
youre explain about total suply coin, halving and more
but youre threadn not write youre name youre coin
you can share youre annoucment thread youre coin

Good point.  Here is our normal thread:  https://bitcointalk.org/index.php?topic=1364146.0

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clockuniverse
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January 20, 2017, 05:41:50 PM
 #5


I didn't know Dash had a private send ability.  Thanks for the heads up!

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January 20, 2017, 06:03:08 PM
 #6

There will be a lot of you already competing on such market like NAV and Cloak apart from what is mentioned. None of them somehow have their own marketplace where only their coin can be used, you will probably get demands if you include this marketplace in your roadmap. A marketplace where goods are being sold.


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arbitrage
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January 20, 2017, 06:33:25 PM
 #7

There will be a lot of you already competing on such market like NAV and Cloak apart from what is mentioned. None of them somehow have their own marketplace where only their coin can be used, you will probably get demands if you include this marketplace in your roadmap. A marketplace where goods are being sold.
Yes Cloakers are waiting for new release, new wallet and many improvements in their anonymous transaction system called ENIGMA. Also you can earn if your wallet is open and if your coins are used by ENIGMA system. You can find out more on their topic. This system working very well and they have most chances to find themselves in company of Dash and Monero.


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pereira4
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January 20, 2017, 06:51:43 PM
 #8

The thing is, you can get the most anonymous technology you want, but at the end of the day, if there is not a lot of people using the coin, you are not going to be as safe as using bitcoin + mixers. You need a lot of people to blend in with the masses, you also need as many nodes as possible. This is a problem with Monero, only 500 nodes now, and the blockchain has not even begun to grow yet...

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January 20, 2017, 07:04:02 PM
 #9

The thing is, you can get the most anonymous technology you want, but at the end of the day, if there is not a lot of people using the coin, you are not going to be as safe as using bitcoin + mixers. You need a lot of people to blend in with the masses, you also need as many nodes as possible. This is a problem with Monero, only 500 nodes now, and the blockchain has not even begun to grow yet...

That will change soon with the next update of the Monero GUI which will mine in the background. Default is on can be turned off of course but when that happens everyone who leaves their monerod on all the time will help decentralize the network.

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January 21, 2017, 12:18:57 AM
 #10

Check out NAVcoin

http://navcoin.org/
https://bitcointalk.org/index.php?topic=679791.0
clockuniverse
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January 21, 2017, 01:16:24 AM
 #11

All good information.  Keep the info coming.  Thanks everyone!

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January 21, 2017, 03:20:57 AM
 #12

Well you cannot add z-snarks to your existing blockchain so cross that off and SDC has taken the cryptonote based (which Monero is) ring sigs and put it in their bitcoin based code so really there is only one answer to your question. But there is much more to monero tech than just the ring sigs so you have alot of reading to do.

IOW, your asking the wrong question.

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January 21, 2017, 06:18:40 AM
 #13

cloak ?
clockuniverse
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January 22, 2017, 04:10:50 AM
 #14

Well you cannot add z-snarks to your existing blockchain so cross that off and SDC has taken the cryptonote based (which Monero is) ring sigs and put it in their bitcoin based code so really there is only one answer to your question. But there is much more to monero tech than just the ring sigs so you have alot of reading to do.

IOW, your asking the wrong question.

So what is the right question?

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January 25, 2017, 02:17:38 AM
 #15

Here is a summary of what has been said on here.  Feel free to add your opinion,etc.

Coins with anonymous transactions
   Cloak (ENIGMA)
   Dash
   Monero
   NAVcoin
   Shadowcash
   Zcash
   

Draw backs for smaller coins are that they can’t actually be anonymous unless they have more then 500 nodes.

Zcash and SDC can’t be added to our current blockchain (Monero too?)

I need to ask the right question.

Thanks for the input so far everyone!

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January 26, 2017, 07:08:32 PM
 #16

You can check new video how  CLOAK wallet working, and how enigma working in real situations.
https://www.youtube.com/watch?v=ILnAVo7ex4Y&feature=youtu.be
This fantastic team still working on many improvements and on other ideas. Community is also very strong and many of the working together in achieving their goals. Recently we had chance to see very successful twitter campaign.


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January 27, 2017, 07:33:11 AM
 #17

The market cap of Monero indicates the market believes it is the best. Aeon has a core developer in common with Monero
Zcash seems interesting as an Academic exercise but there is no way of knowing whether millions of new coins could be minted without anyone knowing. It's too private.
Zcoin seems interesting as it uses zero-knowledge, but doesn't suffer from the problem I pointed to in Zcash.

I think Gulden has an interesting approach too but I have not looked closely enough at it
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February 03, 2017, 03:20:47 AM
 #18

It looks like there are a lot of options.  I am still not sure which one would cause the least amount of trauma to the current TRC code?  Or does it not matter since it will cause a hard fork regardless?  Thanks everyone for posting!

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flipme
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February 03, 2017, 05:31:01 AM
 #19

Best anonymous transactions will very shortly become NO anonymous transactions.
At least if your project aims to become a commercial success, and not just a proof of concept.

Anonymous transactions will be banned from compliance with money laundering laws, by the CFTC/SEC very shortly.
Or at least would have to contain methods to enable law enforcement to de-anonymize transactions.
Laws for that are already in the making, Britain is pushing control of end-to-end encryption and will make it a felony to use software containing such features. If you want to be compliant and listed for trading on a noteworthy exchange, anonymous transactions will become a no-go, mark my words.

Very much like when RSA encryption fell under export control in the US, back in the days.

A peaceful place, or so it looks from space.
A closer look reveals the human race.
-John Barlow
c789
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February 03, 2017, 06:25:29 AM
 #20

Monero.

https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php

https://MoneroForCash.com - Buy and Sell XMR with Cash or other means        1KyeQbNjrH9EYK4RTzQZgsCBQgjX3HV2Kk
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