@everyone – We are super excited to announce that we have been running our new
Stealth-Staking algorithm on the Spectrecoin testnet over the last few days. The testnet is currently closed beta and intense testing is going on right now. A public beta on the testnet will likely be made available once we are satisfied that everything is working as it should. I am sure that you all appreciate how important it is for this major update to function correctly so it will take some time to get this onto the mainnet.
Spectrecoin’s much anticipated ‘Proof-of-Stealth’ is now a reality.
Spectrecoin’s unique algorithm is based on PoSv3 but using ring-signatures and stealth addresses to allow anonymous staking. See below for a sneak-peek below of the new wallet staking with anonymous SPECTRE:
Our lead developer @Tek has designed and implemented this system for anonymous staking and this will allow users to stake both XSPEC and/or SPECTRE. When you stake SPECTRE you will remain private throughout the whole staking process, using your anonymous SPECTRE and generating new SPECTRE with no history as a stake reward. Both your staking coins and your total balance will remain private.
We anticipate testing and stabilising
Spectrecoin V3 until the end of February where we are likely to move to a public testnet beta and a hardfork to implement ‘Proof-of-Stealth’ at the end of March 2019 on the mainnet. There will be more updates as we approach the hard-fork and details on how to upgrade and how to use the new staking algorithm. The full technical details will be available in the updated white paper with other changes implemented over the last few months.
