What is Stealthcoin (XST)?
Future of XST Cryptocurrency and know how to buy XST

#1: XST: The Basics

What is XST?

With growing concerns over the security of digital asset holding and trading, such as cryptocurrencies, and the continued need for robust encryption and anonymity, Stealth is a cryptocurrency project (by a developer named James) that aims to provide a completely secure blockchain with untraceable transactions, thanks to the integration of the TOR network. It plans to be the primary privacy coin, protecting user’s assets from snooping, and maintaining their privacy.

XST Development

  1. Stealth, originally called Stealthcoin, was a fork from Novacoin and launched on the 4th of July, 2014. Its developer, James from USA, has also been verified with a government issued ID by a third party Proof of Developer certification[1].
  2. Stealth was released to fulfil the growing need for a coin that was truly secure and completely anonymous. This was unlike other coins of the time which had public blockchains where transactions could be viewed, and their blockchain activity analysed, by anyone.

 

#2: What are the benefits of Stealth?

XST Technology

  1. XST was launched with a small premine of only 1%, or 23,274 XST coins, meant to be used for supporting future development costs. Apart from that, Stealth had a fair-launch, with very low block rewards for the first four hours. This was done so that miners could get a chance to correctly configure their equipment and prevent early adopters with large amounts of hashing power gain an unfair advantage over other miners.
  2. XST initially was a Proof-of-Work coin since PoW is the easiest method of distributing the currency across the entire user network. After around 20 million XST were mined, Stealth switched to a much more energy-efficient and environmentally sustainable Proof-of-Stake mechanism. This allowed for a secure and stable blockchain network that consumed significantly less resources than a similarly sized PoW network.
  3. Stealth eventually plans to introduce an innovative new consensus mechanism called the quantum Proof-of-Stake (qPOS). Here, the node signing the block will be decided by a round-robin certification system, and block rewards would be dynamically adjusted and results-driven. More information on this novel new mechanism can be found in the official draft of their whitepaper.
  4. XST uses the popular X13 hashing algorithm for block confirmations. Due to the optimized algorithm, XST boasts an extremely short block time of just one minute, with a very high staking interest of 20% annually, much higher than most other altcoins. To control indefinite staking, XST coins automatically stop being considered as part of the stake beyond the 15 day point.
  5. Stealth is one of the only coins to enable complete obfuscation of wallet addresses and transaction details by using the TOR protocol. The protocol was made infamous due to its use to access the Onion network, or the ‘darknet’: websites not indexed by regular search engines such as Google, and can only be accessed by a TOR capable browser. Just like how a particular user on the TOR network cannot be tracked or pinpointed by the websites visited, or actions performed, a particular transaction’s destination and origin cannot be traced back to a single address, preserving the user’s privacy and providing true anonymity.

Key Features

  1. StealthAddress - Stealth uses the TOR network to enable obfuscation of transaction details to prevent anyone from tracing back any transaction to a particular wallet address or user. It does this by having one public receiving address, which can have any number of private destination addresses attached to it. Since the TOR protocol is used, there is no way of knowing how much XST is sent to which private address once coins are transferred to the the public address. Thus, only the public address is ever known, and registered on the blockchain, while the actual destination addresses remain anonymous and private.
  2. StealthPay - StealthPay is an innovative, decentralised, peer-to-peer, completely anonymous and secure trading platform, where one can buy, sell, request and receive XST, other cryptocurrencies, and fiat currency, and even exchange fiat currency for XST coins, all done privately without any involvement of a third party. StealthPay can also be used to complete VISA/Mastercard transactions using XST coins, allowing users to use Stealth to pay at merchants like Amazon.
  3. StealthSend - StealthSend is a cryptographically secure, anonymous, and private method of making XST transactions and sending private information over SMS, which cannot be interfered with, accessed, tampered or manipulated by any third party trying to snoop in on the contents of the message or the details of the transaction. This allows for a very easy, fast, and efficient method of transferring cryptocurrency around in a manner that also protects user privacy and ensures complete anonymity.
  4. Robust and secure development with Blocknet support - Stealth has enjoyed a consistent and frequent update schedule, with stable updates being pushed out regularly by the developers, contributing to the development of a truly peer-to-peer, decentralised economy. XST will also be one of the first coins to natively support the Blocknet protocol, allowing trading to take place on a completely decentralised and trustless exchange platform.

 

#3: How to Buy & store Stealth?

How to buy Stealth

  1. Stealth is currently traded at exchanges such as Bittrex, Poloniex, and Cryptopia, with Bittrex being the largest by volume.
  2. XST can also be earned via staking XST coins. The downloads for clients for various platforms can be found on their official website.
  3. XST can also be earned in exchange for goods delivered or service provided. XST coins can also be bought in exchange for fiat currency or other cryptocurrencies at StealthPay.

XST Wallet

Apart from the official Qt wallet available on their official website linked above, XST also supports ledger hardware wallets, such as the Ledger Nano S, with setup instructions on their website.

CoinSwitch

Of course, an easier way to buy XST is to use CoinSwitch, the largest cryptocurrency conversion platform. CoinSwitch aggregates rates across cryptocurrency exchanges all in one place, allowing users to pick and choose the most favourable rates for them.

While cryptocurrency exchanges provide you with a platform to buy or sell the XST cryptocurrency, CoinSwitch, the largest cryptocurrency exchange platform, comes in to help you make the right decision by providing the prices for XST on multiple crypto exchanges. With support for more than 140 coins and 45,000 pairs of cryptocurrencies, you can choose whichever pair you want with your token and compare the prices at multiple exchanges. This way, you can choose the best deal for you!

What’s more - with CoinSwitch, you do not rely on a separate XST wallet from the exchange to store your XST cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

 

#4: What is the future of Stealth?

Also Read: Complete Analysis of Stealthcoin | Live Stealthcoin (XST) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 01, 2018

0.182438

0.185049

0.171514

0.174136

645

5321660

Mar 01, 2018

0.311607

0.419698

0.309181

0.402954

81094

8796040

Oct 01, 2017

0.230479

0.231007

0.194201

0.199418

84140

6230830

Apr 01, 2017

0.008017

0.010801

0.007858

0.010263

2217

206566

Oct 01, 2016

0.015279

0.028086

0.015185

0.016975

85309

375152

May 01, 2016

0.004334

0.004436

0.003623

0.004034

147

102247

Dec 01, 2015

0.002025

0.002385

0.001957

0.002372

0

45697

Jun 01, 2015

0.004163

0.004458

0.003756

0.004217

2

90850

Jan 01, 2015

0.008882

0.009085

0.007925

0.008391

151

190270

Aug 01, 2014

0.006331

0.007088

0.005627

0.006663

2460

131495

  1. The focus on privacy and anonymity in XST ensures a continued, stable market share, with a dedicated user base.
  1. It is likely prices will rise in the future, as more and more people turn to more cryptographically secure coins that protect user data from snooping, as government restrictions on free trade of cryptocurrencies keeps rising.

 

#5: How is Stealth different from other cryptos?

  1. Primary focus on Anonymity and Privacy - Stealth coin is one of the few privacy focussed coins on the market right now, providing complete anonymity, protection of private user data, and complete obfuscation of transaction details. What sets Stealth apart is the use of the TOR network in providing truly untraceable yet irrefutable transactions.
  2. Innovative feature set - With features like a cryptographically secure and anonymous messaging service that also allows transfer of XST, a payment gateway that allows the use of XST anywhere VISA or Mastercard is accepted, and support for the innovative Blockcnet protocol, XST sets itself apart from other similar altcoins with its well developed and robust feature set out-of-the-box.
  3. Stable and secure - Being focussed on maintaining user privacy and anonymity, the algorithms and protocols used for Stealth have been highly optimized, to enable smooth functioning over the TOR network, and a lean, efficient, and environmentally sustainable blockchain network, that is much less resource hungry than a similarly sized PoW network. Regular updates by the development team also ensure a safe and stable ecosystem.
  4. Mass market appeal - Privacy coins have always been a draw since the concept was introduced, and it doesn’t look like they’ll be going away any time soon. With privacy and anonymity becoming even more important in today’s world, with government restrictions on free trade of cryptocurrencies, it is highly likely privacy oriented coins will see an immense rise in the future, as more people flock to secure their assets in a cryptographically secure, decentralised manner, without any third-party involvement.

 

#6: Should you invest in Stealth?

  1. The robust development of Stealth, along with frequent updates, and an active dev team, show good prospects for long-term stability of the project.
  2. The unique features of Stealth, like its comprehensive focus on user privacy and anonymity, will most likely cause more people to adopt XST, especially as governments become more stringent with regulating cryptocurrencies.
  3. While investing in any cryptocurrency is subject to their inherent volatile nature, the unique strategy adopted by Stealth to ensure complete anonymity and user privacy, coupled with a secure and efficient blockchain network, make it a worth a look into for investment.
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