Review on Spectrecoin by Pedro O. Alvino M.
Cryptocurrency based on double-key stealth technology and ring signatures
Focused on privacy, its blockchain is based on the design of Bitcoin core, in terms of receiving addresses, in addition to composing Monero's privacy features and employing new online privacy studies through crypto assets such as Zerocoin and blackcoin, where you still have future plans to redesign the network to offer even more privacy and security to its users.
Composed of a somewhat unusual consensus algorithm, PoSv3 and PoAS that offer even more resistance before attacks such as 51% attacks, in addition Spectrecoin will run on a standard Raspberry Pi in which all its privacy features will not have a high consumption of energy, offering an ecological network.
Its very volatile currency in the market, is an average range in front of other privacy crypto assets, but due to the program they are planning to launch, it can increase Interest a towards the currency if it does not decline due to the volatility of the market.
Pros
- It has characteristics similar to the Bitcoin and Monero blockchain.
- It uses the PoSv3 and PoAS algorithms that are less susceptible to network attacks.
- It employs a double key hidden address cryptography.
- The coin uses a ring signature formula employed by Dr. Adam Back.
- Each transaction on the network is signed by a randomly chosen group of users without determining the user information.
- Protect the user's online identity through Tor.
- It includes a dual currency system that can also be exchanged immediately on the platform.
- You are thinking of integrating a stakeout of your currency in a mobile wallet.
Cons
- It is far below the other privacy-based cryptocurrencies.
- Its price has been deteriorating in recent months.
