Post
Topic
Board Announcements (Altcoins)
Re: ⋆⋆⋆ [SDC] ShadowCash | ShadowSend v2 IS ALIVE ! ** MANDATORY WALLET UPGRADE! ⋆⋆⋆
by
child_harold
on 26/12/2014, 17:07:08 UTC
So here's a way of keeping things anon in the Shadowverse. Correct me on any points.

1. Franklin has 8,000 SDC
2. Franklin creates a stealth address in his wallet and backs up his wallet again because he created a new addy.
3. Franklin sends 6,666SDC to his stealth addy. Now they are Shadow and have disappeared from the blockchain.
4. When Franklin goes shopping he simply spends some of his stash of 6,666 Shadow to pay for things from merchants who offer stealth addys too.

Done. Perfect anon?

Correct me if i'm wrong guys, this is my understanding of the zk system.

3. Franklin sends 6,666SDC to his stealth addy with the 'SDC - Shadow' option. Now they are Shadow and have disappeared been destroyed from the blockchain.
4. All Franklin has to do is select 'Shadow - SDC' as the send option and send to the merchants regular SDC address. The stealth addresses remove the link between the tokens and the network mints new SDC for the merchant, which are fresh coins with no blockchain history. So no stealth addresses needed for the merchant.

Cool. That is an option. But why not accept shadow and keep tx's as Shadow>Shadow?