SUMMARY.
Coinmark cap rank: 364.
Coinmark cap opening date: Jul 24, 2017.
Coinmark cap opening price: $ 0.048239.
Coinmarkt cap current price: $ 0.019696.
PROJECT OVERVIEW.
Signatum is a revolutionary, privacy oriented crypto-coin designed to be easily integrated into payment platforms, exchanges, and marketplaces.
It was introduced with the SkunkHash Raptor algorithm to enable strong ASIC-resistance during the proof of work phase and encourage fairness for miners and investors alike by driving broad coin distribution and ownership.
Signatum then switched to a full Proof of Stake system where 5% of staked coins are accumulated annually with payouts occurring every 5 minutes.
BACKGROUND.
The internet is a continuously evolving community. Today’s innovations become yesterday’s history. The right to anonymous internet access is regularly challenged and is necessary to protect. The Signatum project offers full anonymity to users as a free selected service by offering completely anonymous nodes that do not track or forward origin IP addresses while utilizing TOR exit nodes to protect themselves.
USE CASES.
- A marketplace that will enable people and companies to sell products and services around the world using Signatum as a currency.
- Crowdfunding Platform. Signatum aims to create a fair and balanced crowdfunding platform, where investors and entrepreneurs can raise funds for their projects, communicate business objectives and provide updates on project status.
- Exchange. A dedicated Signatum exchange will be created where users can buy and sell Signatum.
- Payments. Through the SignatumPay feature and Signatum Web Wallet, SIGT is easily accessible for transactions from anywhere in the world.
HOW ADVANCED IS IT?
A list of roadmap items have been provided below along with their updated status. Six out of the eleven Roadmap V1 items have already been delivered or are being worked on. Signatum Marketplace was launched in Beta mode a few weeks back and is currently working out a few quirks and will therefore remain in Beta for a while still. The most recent addition to the marketplace include Escrow payments in order to protect both the buyer and seller. A list of deliverables promised for Beta V2 has been listed on the ANN thread on Bitcointalk here.
- Project dedicated explorer – STATUS: Completed 24th July 2017.
- Whitepaper – task assigned to community members – STATUS: Completed 2nd August 2017.
- Update Website – STATUS: Completed 2nd August 2017.
- Signatum Marketplace where people can trade goods and services using SIGT currency – STATUS: Still in Beta and under development but has been launched in Beta.
- Better Anonymity network with more Tor nodes – STATUS: Completed 24th August 2017.
- Signatum Web Wallet in NodeJS – STATUS: Completed 3rd September 2017 for web wallet.
- Signatum Pay.
- More Exchanges. STATUS: YoBit was in September and was made possible through community donations.
- Signatum Crowdfunding platform.
- Plan & Build a Signatum Foundation.
- Signatum Exchange.
SIMILAR PROJECTS.
Verge.
Verge is a decentralized currency designed for users who value privacy. It improves upon the original Bitcoin blockchain by using multiple anonymity-centric networks such as Tor and I2P. The IP addresses of the users are obfuscated and the transactions are completely untraceable. It utilizes multi-algorithm mining support to improve security and provide equal distribution of coins to miners.
Transaction speeds are ultra-fast compared to other coins. Simple Payment Verification (SPV) technology allows average transaction confirmation times to drop to ~5 seconds.
Coinmark cap rank: 77.
Coinmark cap opening date: Oct 25, 2014.
Coinmark cap opening price: $ 0.000007.
Coinmarkt cap current price: $0.005078.
Torcoin.
TorCoin is a new cryptocurrency which has roots in the TOR network, well-known for its anonymity. This new, anonymous cryptocurrency uses the X11 proof-of-work consensus which enables miners to support the TorCoin network.
As TOR is fully integrated with TorCoin, potential attackers are not able to find out who is using the currency, and there is no way for TorCoin users to know the physical location of another user’s node. The network always re-routes user’s connection to other TorCoin nodes that run TOR.
The developers intend to use a proof-of-work algorithm, and then after two years, to switch to proof-of-stake, when there should be a small number of coins issued annually. Staking would be 5% per year. Proof-of-stake is a system that can prevent centralized mining tools which could undermine bitcoin with a 51% attack.
Coinmark cap rank: 825.
Coinmark cap opening date: Apr 17, 2017.
Coinmark cap opening price: $0.086685.
Coinmarkt cap current price: $0.113757.
How is it different from other projects in the space?
Signatum is currently in PoS stage.
