INTRODUCTION
EPIC PRIVATE INTERNET CASH is designed to be the medium of exchange, store of value and also unit of account. Digital currency suppose to be the best form of exchange between people but I have discovered that most of the digital currency created over the years has not really served their purpose which is exactly what has given birth to the new project EPIC which I’m introducing to the world today. The main goal and objective of EPIC project is to simplify the way exchanges are been made between people, EPIC aims to bring more transparency into the transaction between people, EPIC project also aims to improve the standard of security in the financial system through the use of blockchain technology. Decentralization of the financial system is another main objective of EPIC project because most projects we have seen so far claimed to be decentralized but in reality there is no element of decentralization in them. Some of the crypto-currency projects that were supposed to be decentralized have been found to be controlled and manipulated by some sets of peoples. If the world is going to adopt the use of digital currency as the medium of exchange, then there are need for changes to occur which is why EPIC has introduced the new project which will bring solutions to all problems facing the crypto-currency and majorly the financial sector.
EPIC CASH GUARANTEES PRIVACY
With EPIC digital currency users and members tends to enjoy high transaction speed, scalability, privacy and fungibility. EPIC project is designed in such a way that there will be high privacy for users and holders of its coin. Members will be able to transact within themselves without the fear of revealing their details which is exactly what decentralization is all about.
Most crypto-currencies similar to Bitcoin, by the nature of the transparent blockchain on which they exist, can be verifiably traced through every wallet in which they were kept. Private third parties and governments alike monitor the Bitcoin blockchain with increasingly sophisticated means to quickly identify coins used in previous activities. This naturally leads to concerns that tainted coins might someday be banned from transactions.
The Epic Cash blockchain assures transaction privacy by obscuring amounts and the sender-receiver relationship of a transaction. This is achieved through the application of ideas familiar from Confidential Transactions (CT) and CoinJoin, methods in large part developed by Gregory Maxwell (Bitcoin Core developer, Co-Founder and CTO of Blockstream).
CT, originally created by Adam Back and later refined by Maxwell, works by breaking transactions into smaller parts through homomorphic encryption, a method of performing calculations on encrypted information without decrypting it first to preserve privacy. Once divided up, observers cannot see the actual amounts of the transactions because of blinding factors, a system that throws random numbers into the mix of transaction fragments to conceal the values of those fragments. Ultimately, only transacting parties know the value of an exchange, while the transaction is verified by the network through confirmation that the sum of the output values equals the sum of the input values, and the sum of the output blinding factors equals the sum of the input blinding factors.
To further complicate the task of prying eyes, all Epic Cash transactions are cloaked with CT and then mixed together to hide the connections between transacting parties. This is done through Maxwell’s second concept, CoinJoin.
To illustrate CoinJoin simplistically, imagine that A, B and C are sending Epic to X, Y and Z, respectively. Sent through the CoinJoin medium, all that is known is that A, B and C are sending and X, Y and Z are receiving, while the transaction amounts remain invisible. The CoinJoin system is fundamental to Epic Cash through One-Way Aggregate Signatures (OWAS), which combine all transactions inside a block into a single transaction.
PRIVACY SUMMARY
Project Name - Epic Cash
Currency Name – Epic
Block Time - 60 Seconds
Block Size - 1MB
Starting Supply - 0
Final Supply - 21,000,000
Genesis Block - August 1, 2019
Consensus - RandomX (CPUs), ProgPow (GPUs) and CuckAToo31+ (ASICs)
CONCLUSION
EPIC is designed as the medium of exchange which is portable, durable, divisible, recognizable and also difficult to counterfeit.
EPIC transaction charges is one of the lowest because the transactions are broadcast through peer-to-peer network which could be processes within seconds. This method of transaction has also reduced the cost of transactions compare to other crypto-currency project that charges high and exorbitant rates.
It’s not difficult to imagine an upheaval in the crypto market and the suffering, or even extinction, of many well-established crypto-currencies. However, Epic is one of the few crypto-currencies that avoids this problem entirely due to the strong privacy features. By removing the link between identity and ownership, and the relationship between transacting parties, Epic can never be affiliated to a person or an activity. As such, the value of Epic remains independent of its users and provides high degrees of privacy and security that cannot be easily manipulated by malicious actors in criminal, financial, or political arenas.
PROJECT INFORMATION
Website - https://www.epic.tech/
Technical Whitepaper - https://docs.wixstatic.com/ugd/e1dfc6_9ed62a5660d1427aa6f1518c97fc3837.pdf
Business Whitepaper - https://docs.wixstatic.com/ugd/e1dfc6_6ae30e920bf54da48e0e14fb4d76566f.pdf
Telegram - https://t.me/Epic04July2019
Facebook - https://www.facebook.com/EpicCashTech
Twitter - https://twitter.com/EpicCashTech
Linkedln - https://www.linkedin.com/company/epic-cash/
AUTHORS INFORMATION
Bitcointalk Username – Charlop24
Profile link - https://bitcointalk.org/index.php?action=profile;u=1893700
ETH WALLET - 0x8d4AF54F21017aBbd7844e3fB09e022FB247faFf
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