Top Privacy Proof of Stake Coin: CUTcoin

A High-Quality Innovative POS Project with Privacy Tokens & Stablecoin

Key Takeaways

• Financial Privacy is Essential Human Right
• Businesses Need Confidentiality of their Financial Transactions on the Blockchain as much as Individuals
• Privacy Tokens will Unlock the Liquidity and Value of Staked Coins and together with a Stablecoin Lead to Creation of DApps for Trading of Digital Assets, Hedging, Leveraged Staking, Interchain Staking, Lending & Borrowing and many other applications…

First CryptoNote POS Project

• Ticker Symbol - CUT
• Annual Return - Approx 30% (Credited Daily to the User’s Account)
• Staking Wallet - CUTcoin Wallet (or you can choose to stake through CUTcoin’s Staking Pool)
• Staking Calculator - POS Calculator
• Community – Telegram, Discord, Reddit, BitcoinTalk, Twitter, Blog

CUT is a hidden gem of the POS privacy crypto space. It’s been evolving quickly away from the spotlight in the shadow of the crypto-privacy leader Monero from which it inherited its totally re-written and upgraded code and its privacy protocols, regarded as the strongest in the crypto community and industry.

It’s been continuously innovating business and non-business solutions to real-life challenges with privacy in mind as the first CryptoNote POS project in history. It’s being run by a very talented team of experts around the world producing some great Research Papers on the subject of privacy and encryption and making some real-life technical breakthroughs.

Expertise & Crypto Community Committed Team

While creating CUTcoin the team identified a critical vulnerability in the Monero code. They promptly submitted a report that gained attention from some crypto media, including Cointelegraph.

The vulnerability theoretically enabled attackers to send counterfeit XMR to an exchange. Once the fraudster’s account was credited, they could then convert it into other coins and make a withdrawal, leaving the exchange out of pocket.

Digital Cash & Staking

CUT is a very ambitious project but the simplest way to describe it is to say that it’s simply digital cash. It acquired this quality by having the most advanced and real-life tested encryption protection incorporated in its blockchain, so that every transaction done on the platform can be regarded as a digital cash transaction. Wallet balances, transaction amount, sender and receiver are private by default on the blockchain.

Their innovative Proof of Stake consensus is the first in history to keep the total amount of coins even in staking wallets completely concealed. It’s a default state that protects financial privacy of its users as their basic human right. Users can buy any amount of CUT and stake it immediately, in their wallet or through CUTcoin’s pool and earn interest on their stake, which is currently around 30% per year, credited daily.

Trading of Any Asset on CUTcoin’s DEX

CUTcoin is building a fast platform on its POS blockchain that enables private and confidential trading of any financial asset or physical property turned into a digital asset on an upcoming user friendly and modern CUTcoin’s DEX (decentralized exchange) with deep liquidity and an algorithmic stablecoin.

The privacy protected platform is going to accelerate blockchain adoption among businesses and individuals who need confidentiality of their financial transactions preserved through trading of their digital assets created on the CUTcoin’s blockchain.

Privacy Tokens

Anyone will be able to create their own named tokens/coins for a one-off fee of 100 CUT (at the time of writing 100 CUT = $3), with all the best privacy features inherited from Monero, with one simple command (create_token “name of the token” “amount”).

Those 100 CUT coins will then be sent to a designated public coinburn address and effectively taken out of the circulation (burned) as nobody will be able to use them any longer. This will have a strong deflationary effect on the circulation of coins that will support the price of CUT.

Business and non-business user cases for these privacy protected tokens are basically limitless and have been touched upon in their recent CNT1 White Paper, which sets out some examples regarding financial instruments, physical properties transformed into digital assets and confidential voting systems that companies and governments may employ during their voting procedures and elections.

Privacy Tokens are going to unlock the liquidity and value of staked coins, which can’t be invested in other applications while being staked, through Tokenized Representations of a staking position and physical and financial assets, and together with a Stablecoin lead to creation of DApps for trading of such digital assets, hedging, leveraged staking, interchain staking, lending & borrowing and many other applications…

Privacy Stablecoin

All this trading will be smoothed with the first privacy stablecoin (like Maker, but with Monero properties, acting like digital cash) that will provide deep liquidity to the platform.

This is needed because on public blockchains, like Ethereum (and thus on most stablecoins since they are ERC20), it is often possible to view the history of units. They are identifiable. So users of those stablecoins don’t enjoy much privacy of their financial transactions, if any.

However, this transparency in certain circumstances can make such stablecoins nonexchangeable or make businesses and individuals that need to keep confidentiality of their financial transactions to shy away from the stablecoins and blockchain.

Scalability & Fees

The platform has incredibly cheap transaction fees, among the lowest in the industry, and it’s very fast with TPS of around 1,000–10,000 (TPS of 10,000 has been implemented in the code already and is now awaiting a hard fork to activate the settings) that makes it suitable for completely confidential everyday micro payments also, if you consider that Visa is doing around 1,700 TPS.

There is no central authority to oversee someone’s payments on the chain, nobody able to block them, refuse or even inspect them for any reason whatsoever. No applications or credit card and rating checks of any sort either, obviously. It’s truly confidential, decentralized and soon to be all-in-one proof of stake, trade, exchange and payments network for the benefit of community and humanity.

Conclusion

CUTcoin’s platform is confidential, simple to use, fast, cheap and secure. With the development of privacy tokens on the strongest privacy protected blockchain in the privacy POS crypto space, CUTcoin has occupied now a unique position as one of the leaders of the privacy cryptocurrency innovation. It remains to be seen how long it’s going to stay out of the limelight before it gets embraced by the wider crypto community.

Disclosure: The author holds CUT at the time of writing.