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SVTPerformance's Chain of Restaurants
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<blockquote data-quote="Weather Man" data-source="post: 16669127" data-attributes="member: 137766"><p>I figured with all the new crypto's being made, their had to be some being made that hewed to the untraceable aspect, yep, there are many.</p><p></p><p>Here are just 2. How would anyone know if fraud was even occurring?</p><p></p><p>Link to article and other crypto's trying to be untraceable.</p><p></p><p>[URL unfurl="true"]https://thecryptocurrencyforums.com/what-are-anonymous-privacy-cryptos/[/URL]</p><p></p><h2><a href="https://monero.org/" target="_blank"><em><strong>Monero</strong></em></a></h2><h2></h2><p>If privacy is a main concern for an investor or consumer paying with cryptocurrency, <a href="https://monero.org/" target="_blank">Monero</a> should be given strong consideration. Monero was specifically designed up front to be a private anonymous currency. Every Monero transaction is fully anonymous, private and secure. Balances cannot be tracked. Transactions cannot be traced. Identities of the sender and recipient are unknown and the transaction amounts unrecorded. No authority can mandate that records be revealed because they cannot be recreated from the blockchain; legal requests for information will be unsuccessful.</p><p></p><p>The underlying technology of Monero is a complex cryptographic on-chain method. The technologies used are Kovri and Steath addresses, RingCT and the Ring Signatures. The main intent of using these technologies is to protect user privacy. Transactions made on the Monero chain appear to be mixed with other transactions and seem to come from multiple random addresses and display as multiple random amounts in order to keep prying eyes from tracing the individuals and amounts involved in each transaction. Some of the benefits that Monero offers by using these technologies are:</p><p></p><p><em>Privacy</em>: no other party can look at the amount or balance of other individuals by evaluating the blockchain. Values are mixed.</p><p></p><p><em>Secure</em>: the technology of irreversible cryptographic math helps to secure the wallets and transactions of Monero</p><p></p><p><em>Untraceable</em>: the transactions of Monero cannot be tracked on the blockchain due to mixing and encryption</p><p></p><p></p><p></p><p></p><p><em>Decentralised</em>: in order to verify Monero coins, all wallets and nodes are equally prioritized</p><p></p><p><em>Fungible</em>: irrespective of the place and time, all the coins of Monero have similar market value and unknown prior transaction history.</p><p></p><p><img src="https://thecryptocurrencyforums.com/ezoimgfmt/www.monero.how/monero-infographic.jpg?ezimgfmt=rs:479x677/rscb37/ng:webp/ngcb37" alt="Monero Info Chart" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>Monero’s market debut followed generally accepted crypto standards as there were no insta-mines or pre-mines during its launch. One weakness of Monero is that the complicated cryptography and coin pooling used makes the size of the transactions very large. Thus one near-term goal of the Monero team is to update the technologies to make the transaction size smaller. Mining of Monero was deliberately made less resource-intensive than bitcoin by ensuring no specific ASIC mining equipment is needed. Monero mining algorithms run only slightly slower on standard PC’s when compared with ASIC technology, unlike bitcoin which benefits large server farms using ASIC equipment. The team expects this approach will increase the accessibility of Monero and therefore improve interest in the currency. One final criticism often leveled against Monero is the lack of ease of use of the desktop wallet. For more mainstream adoption, wallet access and interface will have to improve.</p><p></p><h2><a href="https://z.cash/" target="_blank"><strong><em>Zcash</em></strong></a></h2><p>Zcash is similar to Bitcoin as it is a peer-to-peer cryptocurrency. Supply is limited to the same 21 million total as bitcoin. However, its main difference is that gives an option to focus on transactions that are fungible, anonymous and private; features missing from bitcoin. Users can choose to transact on a standard public ledger, or they can opt to keep sender, recipient and amount private. In order to become anonymous, Zcash uses a unique approach. The technology that is used by Zcash is the <a href="https://z.cash/technology/zksnarks.html" target="_blank">zk-</a><a href="https://z.cash/technology/zksnarks.html" target="_blank">SNARK</a> protocol. This protocol is also referred to as Zero-Knowledge Proof. According to the Zcash team, this technology allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publicly demonstrating spend authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing.</p><p></p><p><img src="https://thecryptocurrencyforums.com/wp-content/uploads/2018/02/Zcash-Specs-838x1024.png?ezimgfmt=rs:541x661/rscb37/ng:webp/ngcb37" alt="Flowchart of Zcash transaction" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>However, the protocol of zero-knowledge proof is not completely implemented by Zcash as their default protocol. Implementing the zero-knowledge protocol as a default program is the near term plans of Zcash. Due to the absence of this protocol as a default, there is still a public ledger or blockchain that makes it similar to Bitcoin. Only a small percentage (4%) of Zcash transactions used the private zk-SNARK protocol as of the end of 2017, and most wallets don’t support the shielded private Zcash coins.</p><p></p><p></p><p></p><p></p><p>For those interested in a deeper look into the technology behind Zcash, <a href="https://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf" target="_blank">this article thoroughly covers</a> the underlying tech.</p><p></p><p><img src="https://thecryptocurrencyforums.com/wp-content/uploads/2018/02/Zcash-Privacy-642x1024.png?ezimgfmt=rs:525x838/rscb37/ng:webp/ngcb37" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p></blockquote><p></p>
[QUOTE="Weather Man, post: 16669127, member: 137766"] I figured with all the new crypto's being made, their had to be some being made that hewed to the untraceable aspect, yep, there are many. Here are just 2. How would anyone know if fraud was even occurring? Link to article and other crypto's trying to be untraceable. [URL unfurl="true"]https://thecryptocurrencyforums.com/what-are-anonymous-privacy-cryptos/[/URL] [HEADING=1][URL='https://monero.org/'][I][B]Monero[/B][/I][/URL][/HEADING] [HEADING=1][/HEADING] If privacy is a main concern for an investor or consumer paying with cryptocurrency, [URL='https://monero.org/']Monero[/URL] should be given strong consideration. Monero was specifically designed up front to be a private anonymous currency. Every Monero transaction is fully anonymous, private and secure. Balances cannot be tracked. Transactions cannot be traced. Identities of the sender and recipient are unknown and the transaction amounts unrecorded. No authority can mandate that records be revealed because they cannot be recreated from the blockchain; legal requests for information will be unsuccessful. The underlying technology of Monero is a complex cryptographic on-chain method. The technologies used are Kovri and Steath addresses, RingCT and the Ring Signatures. The main intent of using these technologies is to protect user privacy. Transactions made on the Monero chain appear to be mixed with other transactions and seem to come from multiple random addresses and display as multiple random amounts in order to keep prying eyes from tracing the individuals and amounts involved in each transaction. Some of the benefits that Monero offers by using these technologies are: [I]Privacy[/I]: no other party can look at the amount or balance of other individuals by evaluating the blockchain. Values are mixed. [I]Secure[/I]: the technology of irreversible cryptographic math helps to secure the wallets and transactions of Monero [I]Untraceable[/I]: the transactions of Monero cannot be tracked on the blockchain due to mixing and encryption [I]Decentralised[/I]: in order to verify Monero coins, all wallets and nodes are equally prioritized [I]Fungible[/I]: irrespective of the place and time, all the coins of Monero have similar market value and unknown prior transaction history. [IMG alt="Monero Info Chart"]https://thecryptocurrencyforums.com/ezoimgfmt/www.monero.how/monero-infographic.jpg?ezimgfmt=rs:479x677/rscb37/ng:webp/ngcb37[/IMG] Monero’s market debut followed generally accepted crypto standards as there were no insta-mines or pre-mines during its launch. One weakness of Monero is that the complicated cryptography and coin pooling used makes the size of the transactions very large. Thus one near-term goal of the Monero team is to update the technologies to make the transaction size smaller. Mining of Monero was deliberately made less resource-intensive than bitcoin by ensuring no specific ASIC mining equipment is needed. Monero mining algorithms run only slightly slower on standard PC’s when compared with ASIC technology, unlike bitcoin which benefits large server farms using ASIC equipment. The team expects this approach will increase the accessibility of Monero and therefore improve interest in the currency. One final criticism often leveled against Monero is the lack of ease of use of the desktop wallet. For more mainstream adoption, wallet access and interface will have to improve. [HEADING=1][URL='https://z.cash/'][B][I]Zcash[/I][/B][/URL][/HEADING] Zcash is similar to Bitcoin as it is a peer-to-peer cryptocurrency. Supply is limited to the same 21 million total as bitcoin. However, its main difference is that gives an option to focus on transactions that are fungible, anonymous and private; features missing from bitcoin. Users can choose to transact on a standard public ledger, or they can opt to keep sender, recipient and amount private. In order to become anonymous, Zcash uses a unique approach. The technology that is used by Zcash is the [URL='https://z.cash/technology/zksnarks.html']zk-[/URL][URL='https://z.cash/technology/zksnarks.html']SNARK[/URL] protocol. This protocol is also referred to as Zero-Knowledge Proof. According to the Zcash team, this technology allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publicly demonstrating spend authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing. [IMG alt="Flowchart of Zcash transaction"]https://thecryptocurrencyforums.com/wp-content/uploads/2018/02/Zcash-Specs-838x1024.png?ezimgfmt=rs:541x661/rscb37/ng:webp/ngcb37[/IMG] However, the protocol of zero-knowledge proof is not completely implemented by Zcash as their default protocol. Implementing the zero-knowledge protocol as a default program is the near term plans of Zcash. Due to the absence of this protocol as a default, there is still a public ledger or blockchain that makes it similar to Bitcoin. Only a small percentage (4%) of Zcash transactions used the private zk-SNARK protocol as of the end of 2017, and most wallets don’t support the shielded private Zcash coins. For those interested in a deeper look into the technology behind Zcash, [URL='https://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf']this article thoroughly covers[/URL] the underlying tech. [IMG]https://thecryptocurrencyforums.com/wp-content/uploads/2018/02/Zcash-Privacy-642x1024.png?ezimgfmt=rs:525x838/rscb37/ng:webp/ngcb37[/IMG] [/QUOTE]
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