What is stealth? Stealth is a decentralized blockchain project that uses cryptography technology to secure transactions. In this article, as Kriptokoin.com, we have answered frequently asked questions such as what is Stealth, what it offers, what is XST, what is it for and how to get it. Let’s examine the project together.
What is stealth?
Stealth is a Blockchain project that uses cryptography to secure transactions and control the creation of new units. Launched in 2014, the project is among the oldest assets in the field. While not great, it aims to attract users with its high scalability and privacy-focused structure. Accordingly, while the platform performs fast transactions, it makes users untraceable with its address technology. This untraceability allows users to perform completely confidential and anonymous transactions.
What does Stealth offer?
Stealth offers high scalability with the Quantum Proof-of-Stake (QPoS) consensus mechanism. Accordingly, the platform has the ability to perform hundreds, if not thousands, of transactions per second. However, the project does not sacrifice its decentralization for scalability. Many highly scalable altcoins have very few validators. The fewer validators there are, the more at stake is the decentralization of the network.
Transactions that are verified in an average of 7.5 seconds on Stealth are performed with more than 100 validators. In this way, the network maintains its decentralization. Decentralization is especially essential for a privacy-focused cryptocurrency like XST. Because privacy-oriented crypto money assets are seen as a problem by many countries such as the USA. Therefore, the more decentralized a privacy network is, the more difficult it becomes to be controlled by the government or various companies.
What is XST? What does it do?
XST is the native cryptocurrency of the Stealth network. With this cryptocurrency, it is possible to perform confidential, fast and low-cost transactions. Accordingly, XST users can hide their identities through the TOR network and address technology when they transact with their assets. In addition to this, crypto money also offers staking feature. XST holders can act as block validators in the network. For this, they have to lock their XST assets into the platform’s smart contracts.
Users who stake their tokens do so with a certain maturity. Upon expiry, the holder of XST receives additional token rewards. However, there is a bounty exception on the Stealth platform. The platform uses the Quantum Proof-of-Stake mechanism, which is an adapted version of Proof-of-Stake. Therefore, there is another factor for rewards within the network. This is the behavior history system. Accordingly, the amount of assets you stake, maturity and your position in the network determine your reward amount.
What is stealth? How to get XST?
Investors interested in the stealth project need access to an exchange where they can buy XST coins. These crypto exchanges currently include Bitstamp, Coinbase, HitBTC. Interested investors must become a member of one of these exchanges and verify their accounts. Then, they need to deposit an asset in their wallet that is suitable for XST pairs. By following these methods, they can buy tokens depending on their balance by clicking the buy XST button at the last stage.
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