Spectrecoin launched on 20.11.2016. The coin is the first of all, operating entirely on the Tor network, which hides the IP addresses. Spectrecoin recently released version 1.33 and now includes the so-called "TOR obfuscation protocol", fully integrated and automated, also called OBFS4. In short, the integration of OBFS4 effectively "envelops" Tor's traffic into another layer, making it normal internet traffic. When the wallet starts, it will try to connect to the Tor network and if it is not successful, the wallet will automatically "call" the OBFS4 protocol to hide the traffic. This development, unique to Spectrecoin, is all the more important since most governments are trying to limit and censor the Internet. Forbidden countries include Russia, China, Iran, Bahrain, and others.
Spectrecoin, therefore, offers the best personal data protection, anonymous transactions in the Tor network. OBFS4 offers unique features for encrypting chats. And in the next version 1.4, scheduled for October 2017. there will be a fully refurbished portfolio that will have a unique design and many features.
Specter App for Android will give you the possibility of easy anonymous translations. Through the Spectrecoin network, money is changed entirely on a P2P (peer to peer) basis, without the need for a server, central database, or registry. The coin team is seeking full decentralization.
Spectrecoin has been developed due to increased global monitoring. The Mandica Project Manager explains why Spectrecoin has more anonymity than leading competitors:
"We created Spectrecoin on a code that uses the so-called" ring signatures "that work to cover transactions, making them unattainable. In essence, the signatures needed to complete the transaction may be any signature contained in certain sets of "spectrum tokens," but there is no way to identify the particular "spectrum." This makes it impossible to determine which coins are being spent and the use of so-called "two-tier stealth addresses" further makes it impossible to identify the participants in the transactions. Now also happy to say that we have updated Tor's latest version, which also provides a third layer of anonymity. "
There are no other cryptocurrencies today that will use all of these features, further enlightening Spectrecoin as a secret leader in anonymous money transfers.
After increasing volume and stabilizing prices across platforms, Spectrecoin creates a solid commercial base. Together with its growing community of entrepreneurs, investors, fans and loyal anonymous traders, Spectrecoin is ready for big growth in the coming months.
image source - Instagram
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So, is this something likely to be interchangeable with steem somehow? I'm just learning about cryptocurrencies, so forgive me if the question is naive.
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Nope, this is separated coin. In STEEM all is public, you can view each person wallet, transaction and etc.
In this coin all will be private.
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