KURRENT Update - Anonymous Smart Contracts?
Kurrent [KURT]
Now I have mentioned Kurrent in a post I did about 5 months ago, which you can read here that talks about whether it was a competitor for Zcoin, but first if you don't know what Kurrent is..
It is basically,
A cryptocurrency that uses Zero knowledge technology with X11 algorithm, and true random bonus blocks.
According to their website here.
However now that a roadmap has been released they are starting to look like a lot more than just a competitor for Zcoin!
Kurrent claims to "Mint" new coins to prevent any transaction coins, because a new "coin" is minted with the original being "burned up" to make the new one.
MINT ALGORITHM
"Mint" transaction turns a public coin with transaction history into a completely private coin that is stored in an accumulator.
SPEND ALGORITHM
"Spend” transaction allows you to create a new coin that has no transaction history by proving that you own one of the coins in the accumulator.
REPEAT ALL OVER AGAIN
The process of minting and spending can be repeated as many times as you want in order to ensure complete privacy.
Conclusion
Kurrent not only seems like a great anonymous coin for private transactions, but now that they are entering the smart contract market I am curious to see how much they grow!
Website: http://kurrentproject.com/
CoinMarketCap Price: $0.00975
Max Supply: 228,000,000 KURT
Disclaimer: This is not investment advice, and I am not an Investment Advisor. This for entertainment purposes only!
Post - Vote - Earn :D