In the 21st century, the confidentiality of information is one of the most important tasks for both ordinary people and companies of any kind of activity. Since now in the digital age, the vast majority of the world's population is constantly online. Therefore, it is so important to find a platform on which you can exchange messages and at the same time be sure that your personal confidential information remains under reliable protection.
Stegos protects and empowers users by protecting their personal information from prying eyes. Other cryptocurrencies, even privacy coins, require users to reveal their identities in various ways. But Stegos will allow you to buy and sell cryptocurrency, request and send payments and, most importantly, communicate with other Stegos users. All with complete anonymity, all with one application and token (STG).
The introduction of blockchain technology, end-to-end encryption and decentralized applications (DApps) should have led to complete freedom and protection of your privacy. In practice, at the moment, the achievement of this goal is at risk, since each transaction in the public blockchain can be traced on the Internet and, if necessary, in principle, you can find out the name of the person.
In terms of communications, we protect data much better — the real content of what we send — but there are still huge metadata leaks: who you talk to, where, when and for how long. Governments use this to create an amazingly complete picture of your life.
For Stegos, the main task is to return full control to ordinary people - simply, safely and completely anonymously.
Stegos is more than just private transactions: it is a complete platform for payments and messages. It is also more secure and scalable than other privacy coins.
Stegos is built to be faster and more efficient than other cryptos. In fact, Stegos is designed so efficiently that plan to provide a full mobile bet, not just light wallets! Thus, you can earn STG from your pocket.
Stegos has three key scalability features
Stegos uses a unique consensus mechanism called gamified proof-of-sta or gPOS. gPoS is a modification of the proof of stake consensus (PoS), which was created as an effective alternative to proof of work (PoW). The PoW consortium requires massive computing power that is extremely wasteful, environmentally unfriendly, and inaccessible to all but the wealthiest users. In a PoS system, the validator's ability to create blocks is directly proportional to the number of coins they hold. It is much more computationally efficient but still rewards the wealthy. This in turn centralizes the verification services and jeopardizes network security.
To fix this problem, Stegos developers created gPoS.
Within gPoS, anyone who manages a Stegos site for a certain period of time will be eligible to receive a reward for the services of a validator, regardless of the size of their bid. To do this, part of the reward for each block will be added to the pool of rewards for services. The verification winner will be selected in the current cryptographic lottery based on the distributed randomness being verified. A service reward is awarded approximately every ten thousand blocks, so you can get a huge salary, even if you provide only the minimum rate!
Stegos uses transactional sharding to scale. Validators will only need to check a subset of the incoming transactions, instead of dealing with the entire chain of blocks. This will enable Stegos to process tens of thousands of transactions per second across millions of devices.
The Stegos blockchain is kept compact by regularly and automatically deleting spent coins and expired messages using secure cryptographic reduction. This gives you the added benefit of privacy by deleting old transaction data and messages, making it impossible to hide the Stegos chain by using chain analysis.
In Stegos, only you and the people with whom you operate have direct access to transaction information or metadata. Public addresses are hidden by hidden addresses, and transaction details are hidden by random values. Transactions cannot be connected, and even if you publish your Stegos public key or QR code on the Internet, it cannot be tracked by you.
Stegos implements completely private communication in its application. Stegos chat service - allows you to use your public key as an identifier. As with transactions, hidden addresses ensure that public keys cannot be associated with you.
Even with private transactions and communications, users still need a way to access the cryptosphere without revealing their personal data. Exchanges are a notorious risk to security and privacy, since most exchanges require more personal data than registering in a standard bank account!
Stegos will implement peer-to-peer trading in a chain, allowing users to buy and sell crypto using atomic swaps.
There will be a confidentiality app store at Stegos, in which application information will be stored privately on the Stegos blockchain. This way you can browse and access applications privately. You can also be sure that the applications you install are confidential and secure.
The main advantages of the project:
