.... it's NOT just a mixer with masternodes....
He's right.
It's a mixer with a single centralized master node The price has the new tech priced in already. The next hurdle is how they'll allow folks like me and you to run the "magic" gateways too. I want some of that .5% fee man!
Hi,
Just to clear something what is seen wrong. The api is not a node or mixer whatever. I will try to explain in short words.
The wallet asks the api about which node to the subchain is available and choose random out of possibilities. The api returns that node and it's public key to encrypt the destination address. The wallet sends the transaction to the chosen node and the transaction details enter the subchain where there again an exit point in this subchain is chosen And where the transaction is send to. There it gets decrypted and enters the navajo network again sending to the final receiver.
That process uses double encryption over the subchain and is not traceable.
This is exactly what has been implemented and an API based technology is used only to select a specific node from which the Navajo Transaction is Channel through rest of the processes happen directly within the subchains and rest of the NavajoCoin Network , which you can clearly see and clear your doubts on the whitepaper.
Regards
Shahim
Sorry, yes you're right I chose the wrong descriptors. When I say centralized I mean controlled by 1 entity, meaning the Navajo Foundation. I should have said centralized gateway instead of node. Meaning there is only 1 place to get on the on ramp to the magic gateway. There are multiple nodes (possibly 12 or so?) based on how many servers the foundation has set up? [speculation]
Once the rest of us can open gateways (and collect a fee) then it will, of course, be decentralized. Looking forward to updates to that end.