👻 Anonymity and decentralization: an application for the stealth (hidden) transactions of the Graphene / Bitshares / Steem

vikx (52)in #bitshares • 8 years ago

Hello! This is my first post on steemit and it's dedicated to bitshare.

I will teach to make anonymous transfers on a decentralized graphene-based exchange Bitshares/OpenLedger/RuDEX

But first - A few details about myself

Carefully, my English is a bit ugly :)

I am a fairly active member of the golos.io. Being a witness and an enthusiast I try to devote a lot of time to studying the graphene ecosystem and his API.
To date, I've made a few bots for the golos.io:
First of all, this is a https://golos.io/@robot bot for user notifications.
https://github.com/vikxx/robot
With its help, I also make automatic donations to users with my own funds.
Donation stats available in a robot blog

I also created a series of bots for automated voting in the telegram messenger

Any user can launch a bot for golos/steem voting right in the messenger!
There is also a version for STEEM https://t.me/@steemxbot (Unfortunately I did not manage to translate it into English)

I've done a lot of different things, for example a simple analytics of interaction of accounts with an upvote.tk for a GOLOS. And STEEM version of https://steem.tk
https://github.com/vikxx/steem.tk

Well, there are many more, you can find it in my blog https://golos.io/@vik
And it is possible to steem :)

Bitshares Stealth & Blinded

Just yesterday, I started making my first trading bot for bitshares and while I was searching for the necessary API queries I found a client for a stealth transaction that is already over a year old!
https://github.com/cryptonomex/graphene-ui/releases/

It should be noted that the Russian community is often under the pressure of the government, therefore stealth transactions for us are a popular option. Perhaps it will be useful to STEEM users

Stealth Transaction Application GUIDE

First you need to download and install the client

Installing

Next, find the file to run in/Program Files (x86)

Now create a new wallet

Securely save the password and backup the file

Now we need to create a public account

And also a private account. Please note that the private account must start with the ~

Then I sent some BTS to my new public account

And now go to the send tab
AND SEND MONEY FROM PUBLIC ACCOUNT TO PRIVATE

Note that the stealth transaction has a commission higher than standart and is approximately ~20 BTS

And now the most interesting! We'll send someone money from an invisible account!

Again pay the commission. This time 15 + 15 BTS
But this is not so much, considering that this is not a percentage, but a fixed commission!

Vu'a la!

I anonymously managed to get money for a bitshares vik-x account

At the same time, as seen in the cryptofresh block explorer, I sent money to a blind anonymous account from another vik-golosaccount

Of course, this is the basic level of anonymity, where there is simply no direct link between accounts. But the connection can be calculated by logic - time stamp, amounts, etc. To make the transfer really anonymous - you can use several blind accounts and transfer money in different amounts and at different times between blind accounts

I hope my post was useful to you :)

I really like the technology of graphene. Sometimes it seems to me that all new crypto-currencies with loud advertising are useless and unnecessary - because all that is needed for mankind has already been created on Graphene! :)

P.S.

Stealth transfers also available on STEEM
https://github.com/steemit/steem/issues/568

#anonymity #stealth

8 years ago in #bitshares by vikx (52)

$546.73

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worldclassplayer (67) 8 years ago

Thanks for sharing. At the moment, Bitshares seems a bit complicated to me...But the potential seems to be there...and open ledger too for that matter. I like things as simple as possible. I realize often times simplicity is the result of breaking down the complex math. Understanding all the concepts, relationships dynamics. Can you explain to me the basic function of Bitshares versus Open Ledger. Do i have it right that open ledger is just the trading of coins via buy and sell orders? Further explanations would help me. Thanks.