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RE: A Blockchain Free Cryptocurrency

in #blockchain7 years ago

Yobicash is a cryptocurrency based on DAG chain - without the scalability issues of blockchains.

Yobicash is a cryptocurrency built to secure the storage and sharing of data by ensuring the main properties of information security: confidentiality, integrity and availability. To enforce these properties, Yobicash employs cryptographic protocols, data replication, economic incentives and a DAG chain of transactions.

The cryptographic primitives and design are described by project designer Christian Nyumbayire in the Yobicash whitepaper first published in October 2017: https://yobicash.org/whitepaper.pdf

In summary, Yobicash reinforces:

  • privacy through zero-knowledge proof and encryption
  • data integrity through cryptographic authentication
  • data availability through replication

To find out more, join the Yobicash chat: https://t.me/joinchat/AdtOLUQpI9uUG5bH326S2w