Spectre is a proof-of-work Layer-1 cryptocurrency utilizing a blockDAG structure and the SpectreX algorithm. More
| Fully Diluted Valuation | $102,052 |
|---|---|
| 24H Trading Volume | $3,824 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 438.29M |
| Total Supply | 440.03M |
| Max Supply | 1.16B |
| Categories | Privacy 3 more |
|---|---|
| Founder | Shane Brett |
| Website | spectre-network.org Whitepaper |
| Socials | 3 more |
| Explorer | Spectre-network |
| Name | Pair | OG Score |
|---|
Spectre is an innovative cryptocurrency designed to overcome the limitations of traditional blockchain systems. Here's a closer look at what makes Spectre stand out:
Revolutionary Technology
Spectre operates as a proof-of-work Layer-1 cryptocurrency using the advanced GHOSTDAG/PHANTOM protocol. Unlike conventional blockchains that discard parallel blocks, Spectre's blockDAG structure allows these blocks to coexist. This method enhances the network's efficiency, scalability, and overall security.
SpectreX Algorithm
At the heart of Spectre is the SpectreX algorithm, built on the AstroBWTv3 framework. This algorithm employs a three-step proof-of-work process involving SHA-3, AstroBWTv3, and HeavyHash. It ensures fair and decentralized mining, enabling ordinary computers to participate. Notably, SpectreX is the world's first Rust-based implementation of AstroBWTv3, avoiding external C dependencies for a fully native solution.
Rust-Based Full Node
The Spectre full-node, developed in Rust, significantly improves performance and stability compared to the previous Golang node. It serves as a drop-in replacement for the Go node and is now the recommended software for the Spectre network. This transition highlights Rust's advantages in enhancing performance and reliability.
Future Privacy Features
Spectre has ambitious plans for future privacy enhancements. The network aims to implement fully non-disclosable privacy and anonymous transactions through the GhostFACE protocol. By incorporating Pedersen Commitments for perfect hiding and ElGamal for transaction signatures, Spectre seeks to achieve high transaction speeds and untraceable transactions.
In summary, Spectre combines cutting-edge technology with a focus on decentralization and privacy, setting new standards in the cryptocurrency space.
Spectre is unique for its use of the GHOSTDAG/PHANTOM protocol and a blockDAG structure that allows parallel blocks to coexist, enhancing network efficiency, scalability, and security. Additionally, it features the SpectreX algorithm, a Rust-based full node, and plans for advanced privacy features.
The founder of Spectre is Shane Brett.
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