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INTCoin, a next generation decentralized currency developed by a global team, has announced a launch date of June 7. The decentralized currency takes advantage of blockchain capabilities for instant transactions with a minimum fee.
While there are many cryptocurrencies on the market today, the INTCoin development team recognized that many special features have been introduced by cryptocurrencies, but the “main” features – user anonymity and speed of payments – are only available in a small number of cryptocurrencies.
“And even currencies that already have some of the same features are at the beginning of losing their true decentralization with currency concentration in small groups of people, who have a great influence on it,” said Alessio Evers, the main INTCoin developer. “So that’s why we decided to create INTCoin and to develop fast-and-save, totally anonymous transactions within a decentralized system.”
SCS And AniNote
INTCoin uses SCS and AniNote technologies that are based on resolving issues in existing decentralized systems related to consensus algorithm, network bandwidth and transaction anonymity.
SCS technology prevents the possibility of fraudulent attacks.
AniNote technology improves on ring signature and removes any possibility of identifying a specific user, delivering anonymous transactions.
AniNote’s cryptocurrency protocol improves on the CryptoNote protocol’s technologies which mitigate the risks associated with key re-use and on-input-to-one-output tracing. AniNote was created to ensure anonymity and untraceability of transactions.
CryptoNote allows the creation of completely anonymous cryptocurrencies. The advent of cryptocurrencies brings hope that the economy can interlace with the new technology, allowing communities to set new transparent principles, and impartial cryptographic algorithms will control its implementation.
The coin supply will be close to 91 million coins.
The goal is to have INTCoin available on some influential cryptocurrency exchanges by the end of the year.
The coin was developed by an international team from Seoul, South Korea, the United States and China experienced in fintech, blockchain and digital currency development.
White Paper On The Way
The team is currently writing a white paper with a detailed description of the technology.
A presale is currently underway for investors. There will be three presale stages at increasing prices. The price for the second phase, from April 20 to May 13, will be 1 BTC for 2799 INT.