Conceal Network Whitepaper

The main purpose of the Conceal Banking System, referred from here forth simply as “Banking”, is to generate extra wealth, while storing Value – the CCX Cryptocurrency – over shorter or longer periods of time. More options will be introduced in the future, like Lending, and DIRA (Dynamic Interest Rate Adjustment)

What’s Conceal?
Conceal.Network is a decentralized blockchain bank, with deposits and investments paying interest rates, without involvement of financial institutions, powered by 100% open source code. Conceal.Network enables untraceable and anonymous messaging, and a secure way to transfer funds. Using a distributed public ledger, the sender and receiver are kept anonymous, a key concern in a post Snowden world. Hackers cannot trace money or messages when the messages are sent across public networks. Conceal Cryptocurrency (₡CCX) is based on the Cryptonote protocol and runs on a secure peer-to-peer network technology to operate with no central authority. You control the private keys to your funds. Conceal is accessible by anyone in the world regardless of their geographic location or status. Our blockchain is resistant to any kind of analysis. All your CCX transactions and messages are anonymous. Conceal avoids many concerns, e.g. technological, environment impact, reputational and security, of Bitcoin, and provides a glimpse of the future.
Conceal is open-source, community driven and truly decentralized.

No one owns Conceal, everyone can take part.

At Conceal, we believe that access to knowledge is what truly allows great ideas to flourish and diverse communities to grow.
We believe that Conceal is what the community decides it to be and that decisions on how to grow the protocol should involve everyone.

Conceal uses ring signatures and one-time addresses for truly anonymous payments

Conceal’s transactions can’t be linked between the sender and the recipient

Conceal follows Satoshi Nakamoto’s original vision of decentralised, trustless cryptocurrency, i.e. a secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus, and then recorded on the blockchain immutably. Third-parties do not need to be trusted to keep your money safe.

Conceal is truly fungible, thanks to built-in privacy features. Just like cash, all coins are equal, changeable. It is extremely unlikely that a coin will ever be blacklisted by any party due to its association in previous transactions.

Future scalability initiatives will include a modular sidechain.

Community Driven
No one owns Conceal. Everyone can take part. Developed, maintained and funded by volunteers

Easy to use GUI and CLI clients.

Cross platform
Available for PC, Mac, and Ubuntu

Protected Proof Of Work
PoW hash function is designed for egalitarian CPU & GPU mining and ASIC Resistance

Adaptive Limits
Conceal intelligently adjusts its parameters based on the historical data

Encrypted Messages
Secure your confidentiality with an encrypted P2P network, secure communications and encrypted self destructive messages

Decentralized Banking
Deposits get up to 4% interest rate per year and Investments up to 12% p.a.

Conceal Network Whitepaper (download)
Conceal Network Website