There are many cryptocurrencies around and the number keeps increasing every day. Every crypto has its use case and different ways of making their token acceptable by the public. I've come across bunches and I would say most of them aren't doing good. The power behind every crypto determines how well it will do in the market. What I figured out is that most people come up with crypto without having solid backing and how it can benefit the general public more than what the existing ones offer.
Apart from that, some cannot be used without exposing users' identities. People spy on us whenever we use a public blockchain to carry out any transactions. We all know the importance of privacy. Many people can go any length to isolate their data. I'm sure 99% of us would love to keep our information safe from prying eyes. Of course, we have many privacy coins, but are they securing our info as it ought to be?
If a third party can view the metadata of the arrangement of your transactions via unsecured messaging services, then the privacy is not completely effective. Although most blockchain and crypto platforms give unique privacy benefits, they are not cheap, and this makes it not within the reach of some clients. That is why we need to have a platform where privacy will be accessible to all and sundry.
I came across a privacy coin that has the potential to solve many privacy issues we've been facing with most privacy coins. I would love to share this info with you and I believe it would help most of us gain our complete privacy on the blockchain.
Stegos
Stegos is the world’s first public blockchain to offer secure and confidential data storage and transmission in addition to payment transactions. It is secured by the gamified Proof-of-stake (gPoS) consensus mechanism based on verifiably unbiased distributed randomness.
Stegos is scalable and pruneable. Talking about the scalability, it is the function that describes the capability of the token and it's blockchain to cope perform well, and manage the overall improvement and growth efficiently.
What can you do with stegos and what does it do for you?
Stegos protects and empowers users by keeping their private information safe
You can earn token through running a node
You can send a surprise gift or private payment to anyone using a QR code.
Your messages are encrypted, and no one can have access to it
If you are wondering or asking yourself why you should adopt Stegos, the answer is simple. Apart from the privacy it offers, it is fast and compact. Transactions can be carried out in a few seconds. You can run a light node on your smartphone and earn tokens through mobile staking. The fair gamified PoS lets you win big even if you're not a crypto whale, and you can do P2P trading with atomic swaps with BTC.
On which features will the stegos privacy be implemented?
Chats, and mesages: Contacting another person without exposing your data or personal information is what stegos put into consideration to implement a fully private communication and integrate it within the Stegos app. The stego chat services provide adequate services needed to make messaging protected,
Peer-peer trading: This allows users to buy and sell coins using an atomic swap. If any coin enters the stegos chain, the surveillance trail on that token will be broken, which makes the transaction secured.
Transactions: Every transaction on the stegos blockchain cannot be seen by a third party. Only the person you are transacting with sees them.
Private apps: In the on-chain privacy app store, users will be able to browse and access apps privately. All these apps on the stegos blockchain are private and secure.
Conclusion
Everybody loves privacy, and that is what Stegos is offering. The stegos blockchain is ready to protect your information from Government surveillance and give you the freedom that you deserve. You don't need to wait for anyone to tell you. Visit the stegos website to know more about the blockchain and try out the app as well. Freedom lightens the burden. Be free from prying eyes on your privacy.