Spectrecoin [XSPEC] released updateOn 08/01/2017 the initial investment round completed for Spectrecoin and 19 million XSPEC were distributed to investors on 09/01/2017 and this can be considered the official release date for XSPEC. I will go through what has been achieved since launch and what we plan to do next.
XSPEC V.1.1 “Ghost Protocol” walletOn 22/01/2017 we released the next version of the XSPEC software or wallet, v.1.1 “Ghost Protocol” which was / is a mandatory update if anyone is still running the v.1.0 wallet. There are two main changes from the last version that both indicate where we are going with this project.
(1) You will notice that we now have a full Tor (The Onion Router) integration in the wallet and that Tor is a ‘forced’ option and will start with the wallet. This means that the whole of the XSPEC network, nodes and clients are running under Tor and will protected from the outside world and all the users IP addresses will be obscured. This means that all the communication is between .onion addresses and not between IP addresses. This means that the users of XSPEC will not reveal their real IP address whilst making transactions and staking. We believe this is a crucial feature that surprisingly has not been incorporated into either Shadowcash or Monero. Why Tor and not I2P? Well, accomplish the same task, to hide your IP but do it in slightly different ways. Tor has a significantly larger community and user base than I2P and so has the benefit of more real life testing and benefits from formal studies of anonymity, resistance, and performance. Tor is better known and implemented and has adapted to DDOS attacks and has more visibility in the academic and hacker communities. In addition, Tor is less likely to be blocked by nation states due to its architecture and design. I2P also has advantages and it is not unlikely that we may release a version with I2P in the future.
(2) The market tab that was remnant from our Shadowcash past has been removed. We have a different philosophy and direction then our predecessor and our main aim and ambition is towards increased privacy and anonymity and not towards adding yet another so called “dark market” to our wallet. We will work towards a ‘pure’ anonymous currency and we rather believe that we will be able to work with OpenBazaar and by time be adopted by existing market infrastructure. There is no point in re-inventing the wheel by creating an essentially redundant market and get bogged down coding this when privacy is the focus. We will rather spend our time perfecting our privacy technology, Tor integration and leave the development of market technology to others. We can then join forces to the benefit of both.
We now have an expanding network and both the staking with PoSv3 and the stability of the network appears good. There has been no issues so far.
ExchangesSince our launch 2 weeks ago we are now listed on three exchanges:
(1) C-Cex which trades XSPEC/BTC and XSPEC/USD and others
(2) NovaExchange trades XSPEC/BTC and other pairs
(3) Cryptopia trades XSPEC/BTC and other pairs
We were also happy to see that we breached and went beyond a market capitalisation of $1,000,000,- in the first two days of trading on all three exchanges. This bodes well for the future and we have our sights set on Bittrex and Poloniex.
XSPEC MobileThe ultimate aim is to develop a mobile system for anonymous cash transfers. We are close to releasing the first in a series of Android implementations of XSPEC that will lead to a fully fledged anonymous cash transfer app. Expect further updates on this in the near future.
Whats next?I envisage XSPEC as being able to provide the best anonymity and privacy and to be useful both as a medium of exchange and as a settlement currency for an anonymous cash transfer / trade app for mobile platforms.
WEB:
https://spectreproject.io/ANN:
https://bitcointalksearch.org/topic/xspec-spectrecoin-untraceable-tx-ring-signatures-tor-integration-1704473WALLETS:
https://github.com/spectrecoin/spectre/releasesSOURCE:
https://github.com/spectrecoin/spectreBLOCK EXPLORER:
https://chainz.cryptoid.info/spec/TWITTER:
https://twitter.com/SpectreCashFACEBOOK:
https://www.facebook.com/spectrecash/Come and meet us at our active Slack community:
https://slack.spectreproject.io/Thank you from the Spectreproject