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Topic: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth! - page 108. (Read 94854 times)

hero member
Activity: 693
Merit: 508
Many people say that the value of this coin is underestimated, but I can not read it, do not understand it's technology, do not understand it's good, someone out to explain what?


I am aiming to try to get some more short videos done to try and explain the basics of what XSPEC can do and try to explain the features in simple terms. You don't need to have in depth knowledge of the tech to use the coin however, but there are plenty of resources that will explain the basic features. I have put up a couple of links here that will explain things like stealth addresses, ring signatures and Tor. The underlaying maths might be complicated but the principal is not to difficult to understand if you want to spend some time on it.

I will try to explain in short how XSPEC solves the privacy concerns that exists in Bitcoin and I'll put some links if you want to explore further:

Bitcoin problem - Open IP addresses
Any sufficiently resourceful and motivated attacker can identify as many 60% of Bitcoin clients on the network with relative ease. This method works by fingerprinting users based on the connections they have to other nodes on the Bitcoin network. These connections should be different for each connected user as the connections are randomized. When a user connects to another node, their IP address is broadcast to that node. If the attacker is connected to enough nodes, these broadcasts can be watched and fingerprinting can be done.
https://www.cryptolux.org/index.php?title=Bitcoin&oldid=1257 (deanonymization attack on the Bitcoin P2P network)

Solution in XSPEC
Spectrecoin clients run a native Tor integration and the seed nodes also runs Tor. That means that ALL the IP addresses of ALL the participants on the Spectrecoin network remains hidden. The only visible node addresses on the Specrecoin network are .onion addresses. Thus, the users can be confident that their real IP will stay hidden. I am aware of various articles that talk about de-anonymizing Tor, but this only applies where there are exit nodes or where the network consists of both clearnet nodes and Tor nodes. In XSPEC the WHOLE network, i.e. every single node is a Tor nodes and so none of these attacks as described will be possible. In addition as stated in the OP, we have also integrated OBFS4 that will mask the Tor traffic to look like normal traffic. This is unique to XSPEC.

Bitcoin problem - Address reuse
Bitcoin addresses were never meant to be used twice and the fact that they can is a ‘fluke’ in the system. There are 1.46 × 10^48 possible bitcoin addresses, which gives every person on Earth 2.05×10^38 different addresses to use if needs be. When addresses are reused, all other transactions performed by that address can be seen by examining the block chain. Address reuse also reduces the security of the bitcoins stored in those addresses. Transaction signing requires 256 bytes of random data (r­value) so that the private key cannot be reverse engineered. If the r­value is not truly random then the private key can be determined, which can be used to sign other transactions for that particular bitcoin address. This attack can be negated by not reusing addresses, as once a transaction is signed from a bitcoin address, it remains empty.
https://bitcoin.stackexchange.com/questions/25814/ecdsa%C2%ADsignature%C2%ADand%C2%ADthe%C2%ADz%C2%ADvalue

Solution in XSPEC – Dual Key Stealth Addresses
The basic principal with stealth addresses is to avoid address reuse. With a stealth address you can publish ONE stealth address and every payment made to that stealth address will appears as being received by a different ‘normal’ address.
http://sx.dyne.org/stealth.html

XSPEC takes this one step further by introducing anonymous ‘spectre tokens’ and introduce transactions signed by what is known as traceable ring-signatures. Do not let the word ‘traceable’ fool you, it simply means that once a transaction has been signed it will be impossible to use the same signature / ‘spectre token’ again.
https://eprint.iacr.org/2006/389.pdf
full member
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As far as I understand this coin, the devs want to equip it with a variety of proven anonymity technologies. Not sure if it's unique or practical in the end.

Being the first is hard, but in the end it's justified!
But the fact that this project has a great future and will be one of the best, undoubtedly, for those who understand it!
hero member
Activity: 1330
Merit: 515
Coin Mage
Many people say that the value of this coin is underestimated, but I can not read it, do not understand it's technology, do not understand it's good, someone out to explain what?


Take a look at the wiki that is linked in the first post.


As far as I understand this coin, the devs want to equip it with a variety of proven anonymity technologies. Not sure if it's unique or practical in the end.

This guy got it!  Wink I'm not sure if it will stay unique, but I'm sure it will be practical, and that is the goal.
sr. member
Activity: 910
Merit: 253
As far as I understand this coin, the devs want to equip it with a variety of proven anonymity technologies. Not sure if it's unique or practical in the end.
full member
Activity: 200
Merit: 100
Many people say that the value of this coin is underestimated, but I can not read it, do not understand it's technology, do not understand it's good, someone out to explain what?
full member
Activity: 520
Merit: 123
This well written press release and video regarding the current state of the Spectreproject was shared in the Slack channel. check it out:

https://blog.spectreproject.io/spectrecoin-v-1-33-to-v-1-4-update-c84f7e4a9aa

Cheers!
full member
Activity: 490
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A non technical guy in a technical world
Maturity comes from having your wallet online. Once you receive a payout, the coin that signed the block will have its maturity reset to zero. The other coins will keep their maturity.
member
Activity: 126
Merit: 10
I have a question regarding Staking: So I hold my XSPEC in my local wallet for staking. It will take a couple of weeks, until I get dividends of this. Now, will this time restart if a go offline once or is keeping and not moving the coins in the wallet the main part in this?

You have to keep your wallet online otherwise otherwise you wont receive anything.U might get lucky or unlucky with the time however .Might take you a few days  or even a month to get rewarded .Like i said before unless you have over 10000 coins it not worth your while

So any sort of issue like a restart of the system or a disruption of my internet connection will invalidate my accumulated "waiting time" totally? Its not realistic for me to have my router not reconnect nor my system to ever restart within 6 weeks.
Your "waiting time" is based on your coins maturity. They do not lose maturity when you go offline, they just don't gain any and thus you can't receive a payout. When you do recieve a payout, your maturity starts over. It's easier to think of maturity as the % chance you have of your coin signing the next block. Each coin has there own maturity.

The major factors are each coins maturity and the number of coins you have.
Maturity, Amount of coints and time the wallet is online, right?

So the longer i leave them in my wallet, the more mature they get?! This will reduce the time it takes to stake over time, correct? What I can do is wait and/or buy more spectre?
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Activity: 105
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Iron sharpeneth iron BTC 13TZeA5bWGfrAsUqbnAUiQHhq
where is the link to download the mobile wallet for spectrecoin ??

Good afternoon.
Mobile wallet is now in development.

SpectreCoin Android Wallet
1.0 (December 2017)
Initial release of a SPV Android wallet, with full functionality including innovative low-power staking.


okk thanks for the reply. This is a good news. will be waiting for it.
I heard someone said that we can stake even with zero (0) coins !!
is this true ?? and how is it possible ??
no it is not possible to stake with zero coin can the atm pay you more than you have in your account? The answer is no.
legendary
Activity: 1019
Merit: 1001
Spectreproject Community Manager
Hi,

I have a question. I started with wallet v1.3.0 on windows. Now I want to move to Mac.
I created a wallet backup the windows wallet v.1.3.0 (wallet.dat)

But I do not have an option to import it on wallet version 1.3.3 on my mac.

Thanks

Su
what I would do is send to an exchange.....put new wallet on the mac, send the xspec to the mac addresses.Simple answer is usually the best
hero member
Activity: 1330
Merit: 515
Coin Mage
Hi,

I have a question. I started with wallet v1.3.0 on windows. Now I want to move to Mac.
I created a wallet backup the windows wallet v.1.3.0 (wallet.dat)

But I do not have an option to import it on wallet version 1.3.3 on my mac.

Thanks

Su

Wallet Management --> Import Wallet?
full member
Activity: 202
Merit: 103
Hi,

I have a question. I started with wallet v1.3.0 on windows. Now I want to move to Mac.
I created a wallet backup the windows wallet v.1.3.0 (wallet.dat)

But I do not have an option to import it on wallet version 1.3.3 on my mac.

Thanks

Su
full member
Activity: 322
Merit: 100
I am Joe Blow, the lover man! You should pay me.
spectre is really doing well these days.

weathered thru the storm with ease
full member
Activity: 490
Merit: 107
A non technical guy in a technical world
I have a question regarding Staking: So I hold my XSPEC in my local wallet for staking. It will take a couple of weeks, until I get dividends of this. Now, will this time restart if a go offline once or is keeping and not moving the coins in the wallet the main part in this?

You have to keep your wallet online otherwise otherwise you wont receive anything.U might get lucky or unlucky with the time however .Might take you a few days  or even a month to get rewarded .Like i said before unless you have over 10000 coins it not worth your while

So any sort of issue like a restart of the system or a disruption of my internet connection will invalidate my accumulated "waiting time" totally? Its not realistic for me to have my router not reconnect nor my system to ever restart within 6 weeks.
Your "waiting time" is based on your coins maturity. They do not lose maturity when you go offline, they just don't gain any and thus you can't receive a payout. When you do recieve a payout, your maturity starts over. It's easier to think of maturity as the % chance you have of your coin signing the next block. Each coin has there own maturity.

The major factors are each coins maturity and the number of coins you have.
It is not possible to stake with zero coins. 1 coin would be enough but a complete waste of time as your payout could take years if ever.  
member
Activity: 471
Merit: 10
QUUBE — First&Only Quantum Resistant Ecosystem
where is the link to download the mobile wallet for spectrecoin ??

Good afternoon.
Mobile wallet is now in development.

SpectreCoin Android Wallet
1.0 (December 2017)
Initial release of a SPV Android wallet, with full functionality including innovative low-power staking.


okk thanks for the reply. This is a good news. will be waiting for it.
I heard someone said that we can stake even with zero (0) coins !!
is this true ?? and how is it possible ??
member
Activity: 124
Merit: 10
Presale starts on 28th of April!
spectre is really doing well these days.
member
Activity: 126
Merit: 10
I have a question regarding Staking: So I hold my XSPEC in my local wallet for staking. It will take a couple of weeks, until I get dividends of this. Now, will this time restart if a go offline once or is keeping and not moving the coins in the wallet the main part in this?

You have to keep your wallet online otherwise otherwise you wont receive anything.U might get lucky or unlucky with the time however .Might take you a few days  or even a month to get rewarded .Like i said before unless you have over 10000 coins it not worth your while

So any sort of issue like a restart of the system or a disruption of my internet connection will invalidate my accumulated "waiting time" totally? Its not realistic for me to have my router not reconnect nor my system to ever restart within 6 weeks.
hero member
Activity: 1568
Merit: 511
Wallet downloaded, Done synchronizing

I check my address it has coins in it, yet wallet shows 0, how can i solve this?
What version of the wallet do you use?
This problem was in version 1.3
You need to update your wallet to version 1.3.3 - https://spectreproject.io/download/

Yeah using that version

But no worries, although it shows 0, i manage to sent off, thanks mate!
full member
Activity: 140
Merit: 100
Wallet downloaded, Done synchronizing

I check my address it has coins in it, yet wallet shows 0, how can i solve this?
What version of the wallet do you use?
This problem was in version 1.3
You need to update your wallet to version 1.3.3 - https://spectreproject.io/download/
hero member
Activity: 1568
Merit: 511
Wallet downloaded, Done synchronizing

I check my address it has coins in it, yet wallet shows 0, how can i solve this?
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