Post
Topic
Board Announcements (Altcoins)
Re: [Pre-ANN][POSW] POSW COIN | The World's First Trustless Profit-Driven Economy
by
Jaerky
on 17/09/2017, 23:21:28 UTC
POSW IS BACK BABY!!!!

"To accomplish this, we have created a multi-layered cryptographic architecture that expands the private-public key paradigm, called Triplet-Based Encryption. This three-layered model will feature a public key, which serves as a public address and stores unspent balances, a private key, which can authorize the spending of a balance stored on the public address it was used to create, and a "shared" key. The shared key is created whenever a user chooses to allow a Masternode operator to stake their funds and its sole purpose is to authorize the staking of a user's balance. It cannot spend or move the balance around; for those the private key is required. Now that a user has a new key that can be used for remote staking only and the private key no longer needs to be disclosed, the concept of trust is once again eliminated, allowing the economics of the PoSW network to prosper."

FREAKING GENIUS