Re: [ANN]Xiropht (XIRO): Fast, Lightweight and Portable Centralized Cryptocurrency.
A bit about the process. It started back in late 2017 but was scrapped due to concerns of the security overall.
Since that time, MANY layers of security and encryption have been added. I lost count to be honest.
There's so many layers of security and encryption I don't even know how many
Maybe 20 or so throughout the system?
That's why it's hard to put in easy terms
For the wallet to just do a tx there is encryption, a token system, and also a qr code(never heard of that)
That's on top of packet checking to make sure they are not deformed
Then it gets to the seed node and node says, okay proceed
For the GUI wallet even on your own PC the transactions are encrypted.
Then at chain level I have no idea how many layers are used.
It's like encrypted and then encrypted again, and then again
That's along with the token system.
All will be published once the coding is complete.
Since that time, MANY layers of security and encryption have been added. I lost count to be honest.
There's so many layers of security and encryption I don't even know how many
Maybe 20 or so throughout the system?
That's why it's hard to put in easy terms
For the wallet to just do a tx there is encryption, a token system, and also a qr code(never heard of that)
That's on top of packet checking to make sure they are not deformed
Then it gets to the seed node and node says, okay proceed
For the GUI wallet even on your own PC the transactions are encrypted.
Then at chain level I have no idea how many layers are used.
It's like encrypted and then encrypted again, and then again
That's along with the token system.
All will be published once the coding is complete.
all will be published once coding is complete, but the coin is in mainnet
and you suppose to trust a dev with compromised integrity for now while a bunch of newbie accounts and one older acct shill a bunch of things they don't really know anything about or can verify cos they shilling a source code that is closed. So, in other word, they saying trust that this is not all bullshit which wouldn't be such a problem if you weren't dealing with a centralized coin and a central authority that has shown that he cannot be trusted.