ABOUT CONCEAL

Anonymous DeFi & Private Communication

Learn More Use Conceal Get CCX

About

Our primary objective is to provide a privacy framework for social inclusion through decentralization of financial services and communication.

What is Conceal?

Conceal is a decentralized blockchain bank, with deposits and investments paying interest rates, without involvement of financial institutions, powered by 100% open source code.

Conceal enables untraceable and anonymous messaging, and a secure way to transfer funds. Using a distributed public ledger, the sender and receiver are kept anonymous, a key concern in a post Snowden world. Hackers cannot trace money or messages when the messages are sent across public networks.

Conceal Cryptocurrency (₡CCX) is based on the Cryptonote protocol and runs on a secure peer-to-peer network technology to operate with no central authority. You control the private keys to your funds.

Conceal is accessible by anyone in the world regardless of their geographic location or status. Our blockchain is resistant to any kind of analysis. All your CCX transactions and messages are anonymous.

Conceal avoids many concerns, e.g. technological, environment impact, reputational and security, of Bitcoin, and provides a glimpse of the future.

Conceal is open-source, community driven and truly decentralized.

No one owns Conceal, everyone can take part.

OUR VISION

At Conceal, we believe that access to knowledge is what truly allows great ideas to flourish and diverse communities to grow.

We believe that Conceal is what the community decides it to be and that decisions on how to grow the protocol should involve everyone.

Features

Private

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

Decentralized

Conceal follows Satoshi Nakamoto's original vision of decentralized, 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 will include a modular sidechain.

Community Driven

No one owns Conceal. Everyone can take part. Developed, maintained and funded by volunteers

Simple

Easy to use Desktop and CLI clients.

Cross platform

Available for PC, Mac, Ubuntu and Android

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

Decentralized Banking

Deposits get up to 4.2% interest rate per year and Investments up to 7.2% p.a.

Examples:

  • 2M CCX Deposited for 1 year -> 83.200 CCX interests, up to 4.16% p.a
  • 2M CCX Invested for 1 year -> 120.689 CCX interests, up to 6.04% p.a
  • 2M CCX Invested for 5 years -> 732,462 CCX interests, up to 7.32% p.a

TECHNICAL SPECIFICATIONS

Name

Conceal

Ticker

CCX

Symbol

Algorithm

PoW, Cryptonight Conceal

Difficulty

DDA & Zawy's LWMA 3

Privacy

Ring Signatures & One-Time Addresses

Block Time

120s

Decimal Places

6

Transaction Fees

0.0001 CCX

Max Supply

200M CCX

Deposits

Up to 4.16% interest rate per year

Investments

Up to 7.32% interest rate per year

Messenger

Encrypted Messages and Self-Destructive Messages

Premine

6% of the max supply locked over a 5 years interval

Block reward

Starting on 5 CCX and going up to 15 CCX (+0.25CCX/month). Currently 10.75 CCX.

Addresses

Wallet addresses are a string of 98 characters starting with "ccx7"