Even though we have talked about ShadowCash on multiple occasions before, there is a lot more to it than just the coin itself. In fact, there is an entire Shadow Project, which will tie the digital currency together with multiple features and mobile wallets.
Most of us are familiar with ShadowCash as a digital currency. It is an altcoin, providing users in its Proof-of-Stake stage with 2% interest per annum. However, SDC is only the underlying currency of the Shadow Project, as there is a lot more to learn!
Let’s take ShadowSend for example, a recently released ShadowCash feature and an integral part of the Shadow Project. In its current first iteration, dual-key stealth addresses are used which allows users to privately transfer SDC through the platform.
ShadowSend is available on both desktop and mobile wallets and makes it easy and user-friendly to send money around anonymously. The first dual-key stealth address in-protocol C++ implementation has been authored and open sourced by the Shadow team as well.
I did mention this is ShadowSend’s first iteration, as a new version is being developed as we speak. The plan is to implement non-interactive zero knowledge cryptography , which will in turn provide the very first trustless zero knowledge anonymous protocol.
Note from the author : We will do a separate article on anonymity features including Zero Knowledge over the coming weeks, so keep an eye out for that.
Encrypted messaging is nothing new in the world of digital currency, and more specifically altcoins. There are multiple ways to ensure anonymous peer-to-peer chats, but most of them are only limited to text communications.
ShadowChat is looking to change that, by also supporting voice, video and file sharing functions in the future. Definitely an alternative compared to e-mail and SMS, which can also be encrypted after a lot of work. ShadowChat won’t require much work from the user side of things, which is definitely a plus.
If you read our previous ShadowCash article, you will remember the team has released the first HTML “Cryptobrowser”. Even though this might sound like just another web wallet to most people, it’s completely revamped SDC client offering the same features as before.
On top of that, thanks to the Tor integration, the “Cryptobrowser” also obfuscates your IP address, adding another layer of anonymity/user privacy. Combine that with the deep ties to other Shadow features , and you can see why ShadowCore is so important.
Developers will be pleased to hear the Shadow Development Kit (SDK, get it?) will be released in the future. As a developer, you can take advantage of the Cryptobrowser’s modular framework. This will lead to a whole slew of new and unique applications and games being built, while also standardizing financial privacy and user anonymity.
I did mention the Shadow Project also consists of mobile wallets, which will run on three platforms : iOS, Android and Ubuntu Touch. Even though mobile staking is a feature to be found in many mobile altcoin wallets, SDC was the first one to get it working in a non-beta version.
It is also important to note that while these are mobile wallets, all of the desktop features are supported in the mobile counterparts. Encrypted messaging, ShadowChat, and ShadowSend can be used on your mobile device, just like they can be used on your PC.
The brand new component of the Shadow platform is called ShadowLite, which integrates a Simplified Payment Verification (SPV) system, which is outlined in Satoshi Nakamoto’s Bitcoin whitepaper.
ShadowLite is the first system of its kind to support Proof-of-Stake, and allows for incredibly fast blockchain syncing. This is just one of the many examples of what the Shadow Project is capable of delivering to the digital currency community.