Let's talk how index is proposing such a high standard of privacy and security

Structure of Index Chain

Index Chain own a unique infrastructure that has taken allot of research. The structure is using the up to date technologies for the reliability, privacy and security of network. Below we are going to discuss technologies used by Index Chain.

Masternode

Index is a masternode coin. Anyone can own its masternode by holding required collateral of 5000 IDX and can earn on daily basis by doing nothing. Masternode not just regenerate reward it also stabilize the Index network. A masternode is a cryptocurrencyfull node that keeps a complete copy of blockchain happenings in real time. A master node also is responsible for other things such as :

Ensuring optimal security and privacy of the users Performing on-the-spot transactions

More private transactions

Taking part in setting the network standards

Involved in decentralized voting systems, Masternodes stores all information about the network in wallets that are fully integrated and 24x7 connected with the blockchain network. Masternodes also verify or rejects new transactions that are added in the process of generating a new block.

Less energy consumptions, it is said that they are using 1500 times less energy.

PROOF-OF-STAKE V3.0

Proof of Stake was invented to solve many of these problems created by Proof of Work. Proof of Stake’s security has proven itself reliable & effective over years of testing while at the same time solving Bitcoin’s issues caused by the Proof of Work (PoW) protocol. The Index Chain is using the latest version of POS. The latest Proof of Stake (PoS 3.0) have solved the issues faced with Coin-Age, Block Reward, Blockchain Precomputation. The PoS 3.0 protocol is now robust and keeps nodes connected to the network while disincentivizing inactive nodes

PROOF-OF-WORK HASH X16R-V2

The newer version POW is 8%-10% more beneficial then the previous. The Index Chain is using the PROOF-OF-WORK HASH X16R-V2 which is the most leading POW version at the time. X16R algorithm was changed into X16RV2 by Ravencoin on the 1st of October 2019 to make it increasingly ASIC resistant while increasing the hash rate. Index also employs that strategy.

The Sigma Protocol

One of the Index techniques is Sigma Protocol. The Sigma privacy protocol represents a very important innovation in blockchain privacy, as it combines the high privacy of zero-knowledge proof schemes (ZKP), without many associated disadvantages, bringing great improvements to the IndexChain protocol. It provides an attractive alternative to zkSNARKs, with high anonymity and great performance.

EXODUS

Index bring along the entire blockchain system of IndexChain, implementing the Exodus protocol, facilitating the use of smart contracts, personalized currencies/tokens and even decentralized exchange functions. This layer expands the utility and functionality of the IDX blockchain so as not to affect its core functions as a digital currency. Exodus allows:

People to create custom tokens on the Index Chain blockchain

Distributed exchange for decentralized trading of these tokensIndex Chain has implemented this layer of smart assets in its structure based on the structure implemented by Zcoin.

Blockchain-basedcrowdfunding

DANDELION ++

Dandelion ++ is a useful improvement over the original Dandelion protocol. Its integration for the launch of the Index Chain offers significant improvements in the privacy of the P2P network in the IDX network. Encryption attack vectors continue to evolve, as do solutions for them and Dandelion ++ represents another step forward in protecting user privacy applied to the large IDX system.

TOR INTEGRATION

If you’re looking for a cryptocurrency that’s safe and secure, then look no further as Index Chain employs use Tor which work together IDX to serve as a protective barrier of security and anonymity for the transactions you make. They conceal your wallets and nodes so that you remain hidden from hackers and other cybercriminals looking to track down individual IP addresses and pose a threat.

DARK GRAVITY WAVE

Index Chain uses DGW. DGW uses multiple exponential moving averages and a simple moving average to achieve the smoother difficulty re-target mechanism. Coins that have Dark Gravity Wave as their difficult algorithm are immune to issues like multipools as it retargets difficulty every single block. Not just that; with DGW the chain becomes more secure and block times are much more consistent; despite large fluctuations in mining power. Apart from controlled difficulty some other benefits of Dark Gravity Wave are security, faster transaction, more miners and reliable chain.

Hybrid Transactions

Built for privacy we believe that allowing anonymous spending ensures privacy in the ecosystem. This is a crucial and fundamental feature of distributed ledger technologies. Users can verify that their transactions are all entirely anonymous, and their data kept is private. You also have the option of making conventional shipments that can be monitored. You choose.