Even though we only talked about PinkCoin yesterday, there have been some interesting developments that I want to tell you guys about. The anonymous features are no longer in beta, for example, which should spark massive interest.
When I wrote the article yesterday, PinkCoin’s anonymous features were still in beta. Shortly after my article however, a “soft launch” of these features was announced by the development team. Soft launch as in, announced slightly ahead of time.
We have also received some more details on how the anonymous features for PinkCoin work exactly. The main advantage is there is no connection between sender and receiver, except in a memory-based lookup table. The connection is never saved in the blockchain noror on a hard disk.
On top of that, there is a failsafe built in, which will only be triggered when no destination address in the memory lookup table is provided , or when there is an excess of coins in the transaction. When triggered, the sent coins are returned to the sender PinkCoin wallet immediately.
Last but not least, while a send that occurs after the switch will go into the same send account forwarding the transaction, it will send from the oldest address it has that still has coins in it, and therefore won’t produce any reliable link in the blockchain to the original send.
I understand this last bit sounds very confusing, and believe you me, I had to read it a few times as well to make sense of it. Luckily the PinkCoin team also posted an illustration, making that last paragraph a lot easier to understand :
Keep in mind that anonymous transactions are still limited to a maximum of 500,000 coins. and anonymous addresses are disposable and can only be used once. In case something goes wrong, coins will be returned to your sending wallet regardless.
PinkCoin donationa are welcome to : PM8imH28dNTc1R6b8oiEWcMAqChEaenUXB