LuaPod is allowing public use of it's demonstration website's Vanity Pool NO FEES AND WE DO NOT ASK FOR YOUR PRIVATE KEY.
http://xboxtrial.cfYou are able to set a reward (It is up to you whether or not you send the user their funds)
We are not allowing deposits into this system since it is for demonstration purposes only.If you are interested in how our currency is/will be protected whenever we step
from demonstration you may check our page
at
http://xboxtrial.cf/info/info.lua This is a secure vanity pool that was built using the software VanityGenMiner
It operates securely by calculating addresses in a two part step called
split key generation. In order to make a Bitcoin address you need a public key
The public keys used by Bitcoin (to my understanding) are ECDSA (Elliptical Curve)
Which is another method of saying A HUGE NUMBER that is graphed with points.
The public key and private keys are technically "huge" numbers.
We can actually do two steps to generate a single private/public key from two.
The logical laymans math is this:
Bitcoin Address = bitcoinshafunction(Pub Key 1 + Pub Key 2)
and the Private key for that address would be
Main Private Key = Priv Key Part 1 + Priv Key Part 2
Since we are capable of generating the Bitcoin address with just the
public keys we are able to keep the other Private key hidden
and even out of our servers hands. This is kept safely by the user.
(I did not develop the split address generation method)
Newer methods are being worked on and do exist for split address generation
such as multiplication however these two options provide the same amount of entropy regardless.
The chance of hitting the same key is 1 in an unthinkable number for me.