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Author Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos  (Read 1481792 times)
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July 09, 2014, 02:00:15 PM
 #14581

Hi everyone, Can we please keep the thread on track and refrain from absuive comments.
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July 09, 2014, 02:00:34 PM
 #14582

Hi all

You may have heard mention here and there of the incipient XC Foundation. Today we introduce you to its first two members!

They'll be helping to take XC to the world in the form of XC ATMS and XC-based crowdfunding, and will be working behind the scenes to attract investors to XC.






They're here to introduce themselves to the community.

Samuel and Antoun, welcome!

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July 09, 2014, 02:01:25 PM
 #14583

https://twitter.com/DtjeOver/status/486427919276072960

 Grin
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July 09, 2014, 02:01:52 PM
 #14584

Hello everyone good to be here

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July 09, 2014, 02:02:12 PM
 #14585

It's not about trying to hide something, but protecting IP.
Have a look at this ALTs market, scam coins flood again and agin. If open source at this stage, there'll be XC1, XC2, XC3 tomorrow morning when you wake up.
You mentioned OPEN HW? do you know even CPU has software in it? How do you think Intel and Qualcomm will open source for you? Are you kidding?
BTW, if you have interesting in below ISA code of CPU, we could have a talk LOL.

Let us finish on it.

Agree, IP protecting is nice feature, but it behaves in context of anonimity we've decided not to touch on.
If I am somewhat paranoid, I can completely switch to TOR or VPN tunelling on my comp to use BTC instead of XC because BTC source is open.

But XC does have another intersting features against BTC, you do ignore again and again Sad



Here you go:

From the website: xc-official.com

ANONIMITY

XC’s privacy technology is currently industry-leading, both in the degree of privacy that is possible, and in the flexibility of its privacy solution.  XC offers multiple and optional layers of privacy that are suitable for a variety of purposes.  Here’s a brief overview of how it works.


Multipath Architecture

Before a transaction or a message moves through the XC network, it’s first broken down into small fragments, which are then sent along multiple, randomly selected paths through the network.  This allows for several privacy benefits.  Firstly, the amount paid or received is kept confidential, because any one fragment is not associated with any other fragment.  Secondly, once a payment is made, there is no public record whatsoever to associate the receiving address with the sending address.  As a result, onlookers can neither know the amount received or sent for any given transaction, nor can they know which addresses sent or received the original transaction.  Additionally, the security and robustness of the network is bolstered, because if any one node fails to forward a fragment of your transaction, there are multiple others to take its place.

 

Multipath routing is optional.  It maximizes the privacy of a transaction.


End-To-End Encryption


By default, transactions (and broadcasts on the XC network) are encrypted from end to end.  This means that if any party intercepts a message, it is impossible (i.e. computationally infeasible) for them to decode it.

 

The XC App automatically uses end-to-end encryption whenever you make a payment.


TOR Network


To steal a private key, a malicious actor would have to gain access to your computer.  To do this, (s)he would first have to know which computer a transaction comes from.  For this reason, the XC App connects to the XC network via TOR (“the onion router”), which obfuscates your IP address, making it extremely difficult to decipher where any given transaction comes from.

 

Using TOR to connect to the XC network is optional.


App Encryption

If a malicious actor intercepts a transaction, before it can be read the private key for that message would have to be stolen (in order to decode the message).  Private keys are themselves encrypted and stored securely in the XC App.  This makes it impossible (i.e. computationally infeasible) to find out what the private keys are.

 

When you download the XC App, you can encrypt it and set a password to unlock (decrypt) it whenever you use it.  However, don’t store your password on your computer.  In fact, don’t share it with anyone.  (If you forget your password, you will be able to get your private keys back from a backup that you will make.

Multilayered Privacy

In summary, it is a monumental effort to breach XC’s privacy or security:

 

    Your IP address would need to be revealed, which TOR makes effectively impossible.
    Your transactions or messages would need to be identified with your app, which multipath makes impossible.
    The balance in your app will need to be known for there to be any incentive to invest the massive resources required to hack a wallet, which end-to-end encryption and multipath routing make impossible.
    Lastly, your app would need to be hacked, which is computationally infeasible unless your password is known.

 

Without surmounting these challenges, a malicious actor will not have a chance to compromise your privacy or steal your money.  The amount of processing power necessary to break the strong encryption in any one of these layers is generally more than that of the entire internet!  In other words, it is computationally infeasible – practically speaking, impossible – to compromise any one layer of XC’s privacy platform.  In this light, XC offers true privacy and true security, and this puts you back in control of your information, your money, and your identity.

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July 09, 2014, 02:03:12 PM
 #14586



Samuel and Antoun, welcome!

Yeah, welcome! nice additions guys.. great work
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July 09, 2014, 02:04:04 PM
 #14587

Hello everyone good to be here

Hi!
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July 09, 2014, 02:04:26 PM
 #14588

Hello everyone good to be here

Hey silverking.

Will you tell us a little about your role and your plans for XC?


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July 09, 2014, 02:04:51 PM
 #14589

Hi all

You may have heard mention here and there of the incipient XC Foundation. Today we introduce you to its first two members!

They'll be helping to take XC to the world in the form of XC ATMS and XC-based crowdfunding, and will be working behind the scenes to attract investors to XC.






They're here to introduce themselves to the community.

Samuel and Antoun, welcome!

welcome new team members! ATM projects? GREAT.

there are 2 more members for a total of 4? is that correct synechist?

XCurrency Price Speculation Topic
Coin Control Basic guide                                                                XChat address/private/instant/absolute: XSKu1fpwvRcAekfK91qVHi51Tgz4ckoA91
XChat public key: zcfx74j4fFK9hW7rQniTvLyDyXd9SyRCrncP9vdukbVT
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July 09, 2014, 02:05:13 PM
 #14590



Samuel and Antoun, welcome!

Yeah, welcome! nice additions guys.. great work

Welcome To XC community Guys and thank you for joining your Resumes are Impressive!

Excuse us for the Trolls in the Forum Teka Will sweep them out soon Smiley

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July 09, 2014, 02:06:05 PM
 #14591

Thank you guys for welcoming us, lets cheer for success

UCI GLOBAL TEAM

E-Mail : owner@uci.global
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July 09, 2014, 02:06:50 PM
 #14592

My role is to help attract new partnerships with XC and in doing so promoting awareness of XC.Antoun and I have some reliable connections in the Bitcoin world as well as our past experience in network marketing.

Co-Founder Visionary of QIBUCK
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July 09, 2014, 02:08:08 PM
 #14593

Thank you guys for welcoming us, lets cheer for success

Welcome!

Will you tell us a little about your plans for XC?

Co-Founder, the Blocknet
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July 09, 2014, 02:08:35 PM
 #14594

Thank you guys for welcoming us, lets cheer for success

welcome guys  Smiley

XChat XJkVnYD4N4oSjNStgbAUD6UyWuBTWuMRgv
public key  fuYPYmK4Sj57PkU2NKg1gKW91euMKkstQPeeexUcxnb8
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July 09, 2014, 02:08:41 PM
 #14595

My role is to help attract new partnerships with XC and in doing so promoting awareness of XC.

Synechist mentioned crowdfunding.....

are there any projects in the immediate future ?


Freedom of the press is guaranteed only to those who own one
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July 09, 2014, 02:08:47 PM
 #14596

Welcome on board guys, you are joining an incredible team.

DASH #DashDC #DashIntoDigitalCash
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July 09, 2014, 02:09:03 PM
 #14597

huhuuuuuuuuuuuu

NICE NICE NICE Welcome Guys!!!!

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July 09, 2014, 02:09:21 PM
 #14598

XC have a big pan.
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July 09, 2014, 02:10:32 PM
 #14599

My role is to help attract new partnerships with XC and in doing so promoting awareness of XC.Antoun and I have some reliable connections in the Bitcoin world as well as our past experience in network marketing.

Any chance that existing Bitcoin ATM can be upgraded to also support XC?   If it does, instant success!

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July 09, 2014, 02:11:03 PM
 #14600

Welcome, nice to have you here!
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