Post
Topic
Board Announcements (Altcoins)
Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet
by
zeeman
on 15/03/2016, 09:43:46 UTC
And about Safecoin, they use ring signatures if you like.

Safecoin is cryptocoin that doesn't use a blockchain.

Ummmmmmm, how does Safecoin use ring signatures if it doesn't have a blockchain?

From where do the required "random transaction outputs on the blockchain" originate?

Go to their forum will ya. And dive into the tech if you wanna know more. Ring signatures IMO mean several people (groups on SAFE) sign the transaction before a coin goes from person A top person B. SAFE uses a whole different approach than other crypto's. You'll see coins go from person A to person B when a couple of close groups sign the transaction. This means transactions under a second and because only 100 nodes a needed for 1 transaction the network can scale to thousands and thousand of transactions per second overall on the network. Hard to believe probably, but that's the way it's made.