It has been a while since we found something worth writing about, as new coins which haven’t been around for more than a month are getting quite repetitive. SuperCoin has an interesting announcement about System of Decentralized Trustless Anonymous.
What this System of Decentralized Trustless Anonymous (SoD) does, is make all nodes equal, as no more special or centralized nodes holding more info than others will be around. The SoD can be labelled as a CoinJoin-esque anonymity feature.
All coins transfers will take place by using randomly chosen “middle nodes”, and the mini-escrow system will be in effect. For this mini-escrow system, multisig addresses and transactions will be used, in order to make sure all parties honor the agreement.
Nodes will be labelled as service nodes for the anonymous transactions assuming they meet certain criteria (having enough coins in the balance, minimum 2 addresses, etc). The current limit of service nodes will be set at 30. People who are eligible as a service node, but decide not to be eligible anymore, can simply opt-out by editing their config file.
The big focal part of the SuperSend Trustless idea is using multisig. People sending their coins anonymously will be able to choose two random middle service nodes. One node will be used for the mixing service, and the other node provides the guarantee safety. This last node will also make the final judgement in case of a dispute, and distribute the escrow funds accordingly.
More details about the first part of the SuperSend Trustless system can be found here :