DAPS is a planned privacy blockchain that focuses on security, scalability, and absolute privacy. The main objective of the DAPS protocol is to create a fully anonymous staking coin and payments system that embrace a trustless governance structure that operates on the latest technologies drawn from Monero and PIVX.
The platform aims to achieve the objective by carefully selecting certain tested protocols and utilizing the features to create a private blockchain network. DAPS aims to offer the most complete anonymity package in any protocol with an on-chain solution to the “Trust Problem.” It seeks to initiate the Proof-of-Audit as the keystone to its protocol, to solve the “Trust Problem.”
DAPS Protocol Development
Bitcoin and Libzerocoin: Libzerocoin is a privacy-focused development fork of Bitcoin. The coin was later used as the base for Zero Cash (now Z-Cash) and the Zero Coin protocol.
DASH and Masternodes: DASH, which operated on Bitcoin, created the “Masternodes” protocol. These “Higher” nodes were an innovation that allowed several on-chain privacy features to be implemented on the Bitcoin protocol.
Node Privacy—Partial Obfuscation: coins like Monero expanded on the privacy ideas and created a full suite of privacy features that included RingCT.
Another equally innovative project, Spectrecoin, integrated mandatory Tor relays for nodes backed up by OBFS4 obfuscation. The measures were never used completely since a fully private chain has no way to verify supply in a Trustless manner.
The DAPS Protocol—Total Obfuscation
DAPS aims to continue the legacy of innovation by integrating the previous successful, stress-tested privacy methods. To succeed in this mission, it needs masternodes, full obfuscation, and Trustless governance. Many projects have stopped short of full obfuscation due to the Trust issue, which DAPS project seeks to address.
The path of future privacy is in their Proof-of-Audit feature combined with complete obfuscation. This allows absolutely private blockchains and maintains a standard of Trustless decentralized governance, pioneered by Bitcoin.
How will DAPS Achieve This?
In order to prevent double spending and other exploitations from being untrackable, Bitcoin is a fully public chain. DAPS seeks to initiate a fully-private blockchain that will address the double-spend problem.
Importantly, it will implement the world’s Trustless Masternode-powered, fully-private blockchain.
In traditional blockchains and various anonymity chains, the users are exposed to analytics and malicious attack vectors.
Many around the world use the exposed data to exploit cryptocurrency users. DAPS aims to preserve every person’s right to control their finances as they choose. This is possible by merging successful and tested privacy protocols in a bid to create the most private blockchain to date.
What Makes DAPS Different?
The Proof-of-Audit idea and DAPS Protocol implementation, known as HARPOCRATES Protocol, will be the new industry standard. The platform will utilize the following key technologies:
- Stealth addresses
- Stealth transactions
DAPS aims to achieve complete obfuscation for all users and transactions. The mix of features, which they call “The Harpocrates Protocol,” creates a completely trustless and anonymous blockchain network.
- Source: First Appeared Here
- Published Time: 2019-06-06 20:00:13
The views and opinions expressed in the article Decentralized Anonymous Blockchain Payment System do not reflect that of 48coins, nor of its originally published source. Article does not constitute financial advice. Kindly proceed with caution and always do your own research.
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