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Bitcoin transactions can be carried-TOKEN PAY


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INTRODUCTION

Most people in the crypto-world especially the tech-savvy can tell why bitcoin has been in a hot run. it all comes down to financial decentralization. you having control over your money, how you operate with and of course, how you store it. every one thinks bitcoin is awesome but wait till you here this:
  • bitcoin might have decentralized everything but bitcoin operations are very traceable making the user vulnerable to watery eyes and hackers.
  • Bitcoin transactions can be carried out using just one private key, making it easy for hackers to “blank” your address once they get hold of a single private key
  • Large bitcoin transactions are easily traced to which wallet they are going making it relatively easy for hackers to know which exact wallet to pry on
  • And a lot more reasons
In general, bitcoin has a critical problem of information exposure. these information are then used by hackers to perk into users’ wallets without permission
A new cryptocurrency needs to come in. a cryptocurrency which will not only decentralize the utility of your money, but also decentralize the privacy and security of your money.
The cryptocurrency is TOKENPAY

ABOUT TOKENPAY

Basically, TOKENPAY= BITCOIN+INCREASED SECURITY+ AWESOME PRIVACY. I’m sure you get what i mean.
TOKENPAY is a cryptocurrency based on a proof-of-stake algorithm which allows users to store and carry out transactions on the blockchain with the assurance that their private information is secure.
Satoshi Nakamoto did some good work on bitcoin, but his work is not secure enough to call bitcoin the “GOLD” of cryptocurrencies. Imagine having a large gold bullion and everyone knows It’s location. Of course thieves will stop at nothing to get to the location and steal your gold!
now Derek Kapo (CEO of TOKENPAY) and his team have taken cryptocurrencies to the next level by solving many major problems which they couldn’t solve, among which are privacy and security.

WHY TOKENPAY CHOSE PROOF-OF-STAKE (POS) ALGORITHM

  • POS is far less energy-consuming. all the user needs is to hold coins and stake them in order to mine
  • with POS, mining is not limited to only the BIG GUYS who after some time tend to go against the network and decide on things like forks
  • For a hacker to carry out a 51% attack, he would have to control more than 50% of the circulating cryptocurrencies hence more than half the nodes. of course that is impossible unless all the big wales from all over the world join heads which is very very unlikely!

OKAY WHAT IS UNIQUE ABOUT TOKENPAY

TOKENPAY has succeeded in incorporating new technology into the blockchain with its cryptocurrency which will surely improve security and privacy. some of these include
Dual key stealth address: with the stealth address, no one can trace transactions going into your address. this increases privacy.
  • ZERO-KNOWLEDGE-PROOF: this means one party can actually show proof that he has knowledge about a certain output without exposing his/her private keys.
  • MULTI-SIGNATURE TRANSACTION: more than one TOKENPAY address/private key will be required to confirm a transaction.
  • INTEGRATION WITH TOR NETWORK: This increases the anonymity of transactions and protect you from prying hackers
  • RING SIGNATURE: here, there is a ring of potential signers of a transaction but the particular signer of that transaction among this ring will be unknown.
  • TOKENPAY SECURE COMMUNICATION INTERFACE: this allows encrypted messaging between two parties having TOKENPAY wallets. One of the aims of this is the sender can first securely inform the receiver giving the receiver the awareness so he can get his wallet secure and ready for the transaction.
For More Details Information Visit This Site :
Website : https://www.tokenpay.com/
Whitepaper : https://www.tokenpay.com/whitepaper.pdf
Facebook:https://www.facebook.com/tokenpay
Twitter: https://www.twitter.com/tokenpay
Telegram: https://t.me/tokenpay

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