Since the advent of the blockchain technology, there has been an upsurge in projects seeking to address the data insecurity occasioned by increase in digital footprints globally. This is so because blockchain offers a unique mechanism of decentralization of data and information that confers anonymity on users and their transactions. But, so far, there has been no appreciable headway in data protection as governments and private organizations are still able to gather and trace transactions to specific users on the blockchain because of the visibility of the participating wallets and amounts sent or received thereabouts.
The Stegos Privacy Platform have successfully designed a unique token model and blockchain tech that is “absolutely private, secure, efficient and environmentally sustainable”
Stegos achieved this feat by means of a patented feature known as Snowball. The Snowball is a combination of several highly thought out privacy designs and features to ensure that transactions and user details on Stegos are Confidential, Untraceable and Unlinkable. This is a very clear improvement on the existing blockchain structure that is totally transparent with visible wallets, balances and amounts transacted.
The Snowball features
A one-time payment address system that mirrors the stealth addresses used by Zcash and Monero.
Pooling together of individual transactions into groups of super-transactions which makes it virtually impossible to trace a particular transaction history. This involved an improvement on the ValueShuffle protocol making it the first coin to combine protocol compatibility with confidential transactions.
Hidden transaction amounts using the Perdesen commitments and range proofs (Bullet proof). The only exception to this is the transaction fees and validator stakes which needs to be visible for validation purposes and which doesn't in anyway, compromise the security of the platform and it's users.
These are the main features of the Stegos Snowball that make the Stegos Privacy Platform stand out amongst the plethora of privacy blockchain projects. They also ensure that the integrity of the platform and users is not compromised.