SaffronCoin Will Implement Multiple Transaction Anonymity Features

Time for some more news from the SaffronCoin team. Even though they have a lot of awesome features currently in development, the team keeps coming up with new ideas. There is also an update in regards to SFRSend! Here we go.

As you may know , SaffronCoin is looking to implement anonymous transaction into their client. But what could be better than anonymous transactions? Having two different options to achieve the same goal of course!

Up first we have SFRSend, which is the “basic” anonymity feature. SFRSend works by breaking down the transaction amount into three smaller amounts, which will be sent to three random addresses.  Sounds easy enough so far!

However, there is some user interaction involved, as you will need to choose the bouncing cycles. The more bouncing cycles you use, the more difficult the transactions becomes to trace back. The downside is that more bouncing cycles also means it will take longer for your transaction to reach its destination.

After the three separate transactions have bounced on multiple nodes, they will be merged into one transaction once again. The transaction will then reach its destination, and is sent from a completely random address.

The second transaction anonymity option is called SFRSend+, which provides even more anonymity and privacy. This would allow you to just give someone your SFR alias, instead of your wallet address for receiving transactions.  SFRSend+ is also a lot faster than SFRSend when it comes to sending anonymous transactions, as no cycling is required.

Both features are expected to be released over the coming days.

Official announcement :

https://bitcointalk.org/index.php?topic=586320.msg7886033#msg7886033

Now I did mention there are more features currently being discussed. SFRDirect tis the name, which will allow for buyers and sellers of SFR to connect with one another. You can set your own exchange price, and there will be a built-in escrow service.

Official announcement :

https://bitcointalk.org/index.php?topic=586320.msg7903793#msg7903793

SaffronCoin donations : SPyBfiWVqL9ygkhf6kErLE3QcM9u15HonX