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STASH: DIGITAL MONEY FOR EVERYONE
Stash combines many innovative blockchain technologies
to form a leading edge cryptocurrency
Stash is a next generation open source digital currency for local and international transactions. A key advantage of Stash is that it solves numerous problems being encountered by other cryptocurrencies. Stash does this by bringing together many ground-breaking blockchain technologies while using the gold standard in cryptocurrency privacy.
In addition to comprising critical features for an efficiently functioning open decentralized autonomous network (ODAN) such as self-governance and self-funding, Stash also incorporates instantaneous transactions (StashSwift), increased network capacity, low transaction fees and state-of-the-art zero-knowledge cryptography.
Unlike other methods for cryptocurrency privacy that rely on obscuring the linkage between transactions, Stash encrypts transactions on the blockchain. This allows for the amount, origin and payment destination to stay hidden while still verifying the transfer of funds under the network’s consensus rules using zk-SNARK proofs.
Transaction Speed
Instantaneous transactions using StashSwift
Privacy
Superior untraceable anonymous transactions using zero knowledge cryptography
Low Fees
Significantly lower transaction fees than those incurred using commercial banks or Bitcoin
Governance
A governance system allows for quick decentralized decision making
Funding
Self-funding allowing for continued development without the need to rely on founders financing or donations
Capacity
Capacity: 80x bitcoin transaction capacity through an Incentivizednode network and up to 20-megabyte blocks
Benefits
Privacy
For cryptocurrency to be equally interchangeable it must not have a history otherwise there may be individuals that choose not to accept it because they don’t like where it’s been. This has already happened with bitcoin where exchanges have backlisted certain coins following major wallet thefts. While mixing coins is being attempted by other crypto currencies it is slow and questionable in terms of how private it really is. Stash provides superior fungibility by separating Stash coins from their past transaction history on the blockchain. Stash reveals nothing beyond the fact that somewhere some valid transactions occurred.
Rewards
Owners of Stash will be able to run their own Incentivizednodes by providing resources to the network in the form of CPU power and storage. Incentivizednodes are paid 45% of the block reward. To run one Incentivizednode you need to own 10,000 Stash. The more Stash you own the more Incentivizednodes you can run and the more Stash you can get paid. Early adopters of Stash have the potential advantage of generating higher rewards on their Stash. In order to run an Incentivizednode Stash owners must continue to hold their Stash cryptocurrency and not spend it. This in turn reduces the available market Stash supply and increases the stability of the Stash cryptocurrency.
User Friendly
While Stash is powerful under the surface with leading edge cryptocurrency features, above the surface it is simple and user friendly. Stash will allow anyone irrespective of their technical abilities to download the Stash wallet with a few clicks and send or receive funds instantaneously and privately. While Stash will continue to push the boundaries of blockchain innovation it will always endeavor to provide a cryptocurrency that is intuitive and easy to use for the everyday consumer who requires digital money that is private, safe, and effortless to transact with.
Link to Website: http://sociali.io/ref/X8586615
