In our previous SummerCoinV2 article, we mentioned how this Crypto will implement the Navajo Anonymous Technology. Even though we were all left a bit puzzled on how this would work, we can now share some more details with our readers!
To start things off, once the Navajo Anonymous Technology has been implemented, transactions will only require 1 confirmation for sending, and the recipient will see the funds appear after 3 network confirmations. That’s pretty fast if you ask me.
What is most important about anonymous features, is whether or not they are truly anonymous in the end. Transactions sent via Navajo Anonymous Technology can not be traced back to the sender by the receiver , nor by a third party.
Users will have the option to either make each and every transaction anonymous, or just a select few. I’m not sure if you can decide it for each transaction individually every time, but I expect this to be an option (eventually).
If you are interested in beta testing the Navajo Anonymous Technology, you can do so in roughly 14 days. The beta testing will commence once the coin swapping from SummerCoin to SummerCoinV2 has completed. To join the beta test, send a PM to the developer on BitcoinTalk.
The Navajo Anonymous Technology is currently undergoing alpha testing. One of the prominent features is double encryption. More information about what this will entail exactly will be released in the near future.
The name for this technology stems from the Original Navajo Code Talkers (The unbreakable code). Or to be more precise, it is a salute to Chester Nez, former U.S. Marine and the last of the 29 Original Navajo Code Talkers, who passed away June 4th of this year.
Official announcement : https://bitcointalk.org/index.php?topic=625693.0
SummerCoinV2 donations are welcome to : sMrRAWssoJz6SCtciXeHoLfi2e68tk649E