When we last talked about LibertyCoin, we could already see the community growing, and the value increasing slightly. Ever since the announcement that the developer is looking into adding transaction privacy, things went to a whole new level.
If there is one thing most of us can agree on , it’s the fact that none of us would mind even more privacy when it comes to sending and receiving coins. Granted, outsiders can only see your address, but it doesn’t take too much work to trace it back to someone if you really wanted to find out.
So how can we make this more anonymous? With features such as DarkSend (DarkCoin) or Coin Mixing (several coins including StableCoin). But how would that work with Proof-of-Stake coins? A very good question.
And a question the LibertyCoin developer seems to have found a possible solution for. And if said solution proves to be both viable and actually working, LibertyCoin would be the first Proof-of-Stake cryptocurrency with transaction privacy. Think about that for a second.
It’s one thing to “hide” your regular transactions for sending and receiving coins, but Proof-of-Stake rewards can’t be masked at this point in time. Or, from what we can gather, not yet anyway.
Unfortunately, we don’t have any more details on how this feature would be implemented, or what time frame we are looking at. But regardless of that, LibertyCoin’s value has definitely been skyrocketing.
Since LibertyCoin’s addition to MintPal yesterday, the 24-hour trading volume is over 1,250 Bitcoin. Not bad for a coin that has only been on there for little over 24 hours. With a 24-hour low of 6,201 Satoshi and a 24-hour high of 18,000 Satoshi, there is still plenty of profit to be made.
We will definitely keep an eye on the whole LibertyCoin situation, and will keep you updated as we receive more information.
LibertyCoin donations are welcome to : LQveSYDqiYzLQMTo9L6bKTs6wxY1RHreGe