Undoubtedly, Bitcoin has had its fair share of success; a large one for that matter. Despite its prosperity, the world’s pioneering has shortcomings, namely traceability of transactions, bulky scripts, bugs in the proof-of-work mechanism ad many more.
PyrexCoin is an altcoin that seeks to address the inadequacies of Bitcoin and thus avail full anonymity in dealings involving digital currencies.
PyrexCoin will implement the following procedures to overcome the failings of Bitcoin.
Usually, users involved in Bitcoin transactions have two keys, one public and one private key. In PyrexCoin’s proposed model, the sender will generate a one-time public key related to the address of the recipient along with some random data.
Also, a transaction from the same recipient is forwarded to a one-time public key and not to unique address as is the case with Bitcoin. Only the recipient can decipher the private key to be used to withdraw the funds. During the withdrawal process, the ring signature mechanism is implemented to maintain unrecognizability of the transaction.
PyrexCoin is a MultiPlatform Software are available for Windows,Mac,Linux,Android,IOS but you can compile it for other Platforms as Well. PyrexCoin is a decentralized Open Source project, released under the GPLv3 license, anyone can take a part in development process. Source Code is Available on GitHub. Untraceable truly anonymous PyrexCoin transactions and encrypted information transfers in decentralized p2p network so All of your PYX transactions are unlinkable. The anonymity of payments without the ability to track them, resistance to the blockchain analysis is provided by technology CryptoNote. Privacy is mandatory for all operations, in order for it to be effective.PyrexCoin is a decentralized peer-to-peer exchange network and medium, that does not have centralized management or issuer and ensures privacy and anonymity of operations without intermediaries and regulators. ASIC resistance means PyrexCoin is more fairly distributed because there is no centralization of mining due to ASICs bumping out the CPU/GPU miners.
Attention. There is a risk that unverified members are not actually members of the team
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