Conceal is a privacy protected digital cash system. It is completely decentralized, without the need for a central server or trusted parties. Users hold the crypto keys to their own money and transact directly with each other over a secure peer-to-peer network. Conceal is an open source scalability-focused, untraceable, secure, and fungible cryptocurrency using CryptoNote (Masari's CN Fast variant). The decentralised network supports encrypted messages and deposits with interest.
{ DEPOSITS }
Most cryptocurrency sit in wallets or cold storage, failing to generate any additional income beyond currency appreciation.
With the Conceal Deposit facility, you can earn as much as an additional 4% per annum. All you need is the Conceal GUI Wallet to get started.
Min deposit: 1 coin
Max term: 262,800 blocks, 12 months = 1 year
Min term: 21,900 blocks, 1 month
Interest rate: 4% per year (max term)
Min interest rate: 0.333333333% per month (min term)
{ SECURE MESSAGING }
Secure your confidentiality with messaging over an encrypted P2P network, secure communications and encrypted self destructive messages.
Send anonymous encrypted messages over the decentralized blockchain and avoid censorship and tracking.
Conceal uses ring signatures and one-time addresses for truly anonymous payments.
{ Untraceable }
Conceal's transactions can't be linked between the sender and the recipient.
{ Decentralised }
Conceal follows Satoshi Nakamoto's original vision of decentralised, trustless cryptocurrency, i.e. a secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus, and then recorded on the blockchain immutably. Third-parties do not need to be trusted to keep your money safe
{ Fungible }
Conceal is truly fungible, thanks to built-in privacy features. Just like cash, all coins are equal, changeable. It is extremely unlikely that a coin will ever be blacklisted by any party due to its association in previous transactions
{ Scalable }
Future scalability initiatives with Uncle Mining and Blocktree protocols
{ Community Developed }
Developed and funded by community volunteers
{ Simple }
Cross-platform supported and easy to use
{ Protected Proof Of Work }
PoW hash function is designed for egalitarian CPU & GPU mining and ASIC Resistance
{ Adaptive Limits }
Conceal intelligently adjusts its parameters based on the historical data
{ Encrypted Messages }
Secure your confidentiality with an encrypted P2P network, secure communications and encrypted self destructive messages
{ Blockchain Banking }
Deposits get 4% interest rate per year
{ Algorithm }
Cryptonight Fast (by Masari) with DDA, and Zawy's LWMA.
{ Total Supply }
200,000,000 CCX
{ Block Reward }
Block rewards start at 5 CCX and increase at a rate of 0.25 CCX/month for a period of five years until 20 CCX.
{ Block Time }
120 seconds
{ Fees }
Send CCX: 0.000010 (any amount)
Send CCX with comments: 0.000010 (+ 0.000010 per char)
Receiving Money: 0 CCX
DEPOSITS
Most cryptocurrency sit in wallets or cold storage, failing to generate any additional income beyond currency appreciation.
With the Conceal Deposit facility, you can earn as much as an additional 4% per annum. All you need is the Conceal GUI Wallet to get started.
Min deposit: 1 coin
Max term: 262,800 blocks, 12 months = 1 year
Min term: 21,900 blocks, 1 month
Interest rate: 4% per year (max term)
Min interest rate: 0.333333333% per month (min term)
SECURE MESSAGING
Secure your confidentiality with messaging over an encrypted P2P network, secure communications and encrypted self destructive messages.
Send anonymous encrypted messages over the decentralized blockchain and avoid censorship and tracking.
The offical wallet is available for Windows, Ubuntu, Mac, and Arch Linux. The wallet allows you to hold, mine, and transfer CCX. In addtion, you can send peer-to-peer encrypted messages and deposit funds for interest.
Advanced users can download the latest builds of our CLI wallet for Windows, Ubuntu, Mac, and Arch Linux here. Alternatively, you can build it from source.
Conceal's block reward model uses an innovate approach. The block reward starts small and get bigger with time as the blockchain network grows, so does the cost of mining. At the beginning every network have a small number of transactions per day and the blockchain is still a small file but with time the size will go up and the effort to keep it running will be bigger. More miners will be needed to keep it running sound and safe. To reward properly this mining effort we will start with 5 CCX per block and raise it by 0.25 CCX every month until we reach 20 CCX per block (capped - max reward in 5 years).
Conceal is an open source community experimental project, which means that there is no company behind it. This project is supported by the community, meaning there is no stable, full-time team and no physical headquarters from which the projects runs its operations. The advantage here is that anyone can propose changes or improvements to the blockchain, and, if the suggestion is voted by a majority of people, the changes are then implemented. This project is intended to be a community project not a commercial product and relies on volunteers availibility.
Conceal is distributed in the hope that it will be useful to humanity, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANT ABILITY or FITNESS FOR A PARTICULAR PURPOSE. There is no warranty that the coins generated/accrued will worth anything.
The views provided in this community are from own authors. Our posts do not offer investment advice and nothing in them should be construed as investment advice. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk before starting. The price or value of cryptocurrencies can rapidly increase or decrease at any time (and may even fall to zero). The risk of loss in holding cryptocurrencies can be substantial. Funds received by us in relation to cryptocurrency transactions will not be safeguarded (under the UK Electronic Money Regulations 2011) or covered by the Financial Services Compensation Scheme. We do not make any representation regarding the advisability of transacting in cryptocurrency. We cannot guarantee the timeliness, accurateness, or completeness of any data or information used in connection with you holding any exposure to cryptocurrencies.
