What is SpectreCoin? - for Beginners
With privacy taking a front row seat on everybody's mind, more and more cryptocurrencies that focus on privacy is being released. Spectrecoin is one such cryptocurrency that assures its user's privacy is all aspects. Spectrecoin promises its user's privacy not just when it comes to transactions but also with respect to communications using Tor network.
They assure privacy and anonymity by using technologies such as Ring Signatures, Zero Knowledge Proofs and Dual Key Stealth Addresses. The communications that take place on the network via chats are protected through AES-256-CBC algorithm. They also offer an advanced Hierarchical Deterministic wallet with multiple features. Spectrecoin uses Proof-of-Stake v3 algorithm with an inflation of 5% per year. This is a much more energy efficient method for verifying transactions when compared to other similar methods like those employed by Bitcoin.
It is currently valued at $0.364347 with a market cap of $7,573,049. So, if you want to invest in a privacy-based cryptocurrency but do not want to spend the huge amounts on the likes of Monero, then Spectrecoin is a really good option.
I like the privacy that Spectre coin offers
7.41% @pushup from @macbaren
This post has received gratitude of 0.76 % from @appreciator thanks to: @macbaren.
I am still wondering why this has n't been noticed by the CryptoCommunity. It seems like no brainer to pick this coin provided for the following reasons.
I would like to see more marketing for this coin in future.
December 30, 2017 & Buying Spectrecoin @ $2.60 with 24.50% RED