Quote from: BTCNeverSleeps on June 26, 2014, 01:13:20 PM

Quote from: BurnerCoin on June 26, 2014, 01:00:17 PM

A little more information for you.

For the past 24 hours I have been answering media questions. Expect a few new articles sometime today or tomorrow. BURN is now number 1 on Poloniex voting chart. If we can keep the top spot we will be added soon Grin

I want to thank everyone for their questions. I would like to better explain the technology.

With BurnerConnect our approach to anonymity is a bit different. We are not attempting to disguise the original sender, but we are disguising the amount of coins sent to one receiver. It is well known that smaller transactions are less scrutinized than larger ones. BurnerConnect solves sending large transactions by breaking up the transaction into smaller wallets and then sending the wallets to the receiver via a secure connection. The wallets are encrypted and the sender will no longer have access to the coins once the wallets are received.

This is how it works:

1. The sender enters the amount to be sent and the BurnerConnect address of the receiver.

2. Multiple wallets are created depending on the amount of BurnerCoins being sent. Our algorithm determines the amount of wallets to be created. The wallets created are not the same as the wallet.dat file. The sender does not have direct access to the BurnerConnect wallets created during the sending process.

3. The amount of BurnerCoins are randomly sent to each wallet and the wallets are encrypted.

4. Each wallet is then sent directly to the receiver's client via a secure connection.

5. The receiver's client automatically decrypts and imports each wallet individually, and then each of the wallets are handled separately within the client.

6 These wallets are maintained in a separate window from the receivers default wallets.

7. The receiver can then transfer the coins to one wallet, or send the coins to another recipient from each individual wallet.

8. The receiver can delete BurnerConnect wallets that are empty. They are treated as "temporary" wallets.

Our technology makes it much easier to break up large transactions into smaller transaction. This feature was not designed for everyday use because we feel most transactions do not require anonymity or disguising the amount of coins being sent.

If you wanted to do the same thing above you would first have to ask the receiver to create multiple new wallets and then have the receiver send you the address for each wallet. You will then have to manually send the coins to each wallet. Our technology does not depend on a 3rd party server or external mixer. There is less risk involved with our solution.

Remember Tor anonymity can be used for everyday transactions if the sender doesn't want to use BurnerConnect.

+1 We need more devs like you!

Just wist he could release a statement