{"id":1347,"date":"2022-03-05T15:00:54","date_gmt":"2022-03-05T15:00:54","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/conceal-network-whitepaper\/"},"modified":"2022-03-05T15:00:54","modified_gmt":"2022-03-05T15:00:54","slug":"conceal-network-whitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/conceal-network-whitepaper\/","title":{"rendered":"Conceal Network Whitepaper"},"content":{"rendered":"
\n

The main purpose of the Conceal Banking System, referred from here forth simply as \u201cBanking\u201d, is to generate extra wealth, while storing Value \u2013 the CCX Cryptocurrency \u2013 over shorter or longer periods of time. More options will be introduced in the future, like Lending, and DIRA (Dynamic Interest Rate Adjustment)<\/p>\n

What\u2019s Conceal?
Conceal.Network is a decentralized blockchain bank, with deposits and investments paying interest rates, without involvement of financial institutions, powered by 100% open source code. Conceal.Network 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 (\u20a1CCX) 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.<\/p>\n

No one owns Conceal, everyone can take part.<\/p>\n

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.<\/p>\n

FEATURES
Private
Conceal uses ring signatures and one-time addresses for truly anonymous payments<\/p>\n

Untraceable
Conceal\u2019s transactions can\u2019t be linked between the sender and the recipient<\/p>\n

Decentralised
Conceal follows Satoshi Nakamoto\u2019s 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.<\/p>\n

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.<\/p>\n

Scalable
Future scalability initiatives will include a modular sidechain.<\/p>\n

Community Driven
No one owns Conceal. Everyone can take part. Developed, maintained and funded by volunteers<\/p>\n

Simple
Easy to use GUI and CLI clients.<\/p>\n

Cross platform
Available for PC, Mac, and Ubuntu<\/p>\n

Protected Proof Of Work
PoW hash function is designed for egalitarian CPU & GPU mining and ASIC Resistance<\/p>\n

Adaptive Limits
Conceal intelligently adjusts its parameters based on the historical data<\/p>\n

Encrypted Messages
Secure your confidentiality with an encrypted P2P network, secure communications and encrypted self destructive messages<\/p>\n

Decentralized Banking
Deposits get up to 4% interest rate per year and Investments up to 12% p.a.<\/p>\n

Conceal Network Whitepaper (download)<\/a>
Conceal Network Website<\/a>
<\/strong><\/p>\n

Social<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The main purpose of the Conceal Banking System, referred from here forth simply as \u201cBanking\u201d, is to generate extra wealth, while storing Value \u2013 the CCX Cryptocurrency \u2013 over shorter or longer periods of time. More options will be introduced in the future, like Lending, and DIRA (Dynamic Interest Rate Adjustment) What\u2019s Conceal?Conceal.Network is a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1347","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/1347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=1347"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/1347\/revisions"}],"predecessor-version":[{"id":1348,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/1347\/revisions\/1348"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=1347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=1347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=1347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}