Privacy Cryptocurrencies Brought Into The Forefront

When it comes to privacy cryptocurrencies, Monero [$XMR] certainly has established itself as the go to coin for anonymous transactions, however during times of financial uncertainty, personal security and overreaching big brother, cryptocurrency developers have been creating alternative privacy coins that are more accessible to the masses than the $200 Monero coin.

Investors more than ever are vetting coins based on the capabilities of development teams, often a savvy hacker can easily fork a project and convince would-be investors to sink funds in a project without realizing it's no more than a clone of another established crypto project. Additionally, the crypto community support for projects is also essential.

Enter Scala [$XLA], the ultimate privacy coin for the masses on several different levels. Although you may not have heard of the Scala Project, it’s well established with a complete network of miners, mining pools, mobile wallets, a thriving community, and advanced engineered technologies already in motion.

Scala is based on the Monero code; however, the development team has taken privacy to a whole new level. Its miner offers a high-performance and open-source application for mining Scala on all Android devices. Scala is CPU mined and therefore features a proprietary technology called “AMAYC”, a machine-learning algorithm to protect the device from overheating, a temperature display, QR code to capture wallet address, user-friendly UI, detailed mining dashboard, payout widget, live pool statistics and complete control over the miner settings. Scala miners can also CPU mine with a desktop computer, Windows, MacOS and Linux all being supported.

The Scala development team has a noble vision to distribute wealth for everyone and every device. "We want to be the people’s coin. To achieve this goal, we focus on implementing solutions that are mobile-friendly and energy-efficient" states Quebec, Canada based lead developer MasterMind. There are about 4 billion mobile devices in the world, and Scala intends to make sure that their ecosystem takes that into account.

Ultimately, the Scala team's goal is to bring useful utilities and to solve real-world problems, in a way that is economically viable for the project and to sustain growth. They suggest taking advantage of next-gen technologies such as IPFS, WebTorrent and custom software to provide the utility of data storage and use the proven CryptoNote protocol for providing the financial aspects.

Scala is a privacy-focused cryptocurrency project linking distributed technologies to build a globally scalable and mobile-friendly ecosystem. Their first goal is to keep privacy as a priority in everything they do. That is why Scala is based on Monero in the first place, to provide an opaque blockchain: untraceable payments, unlinkable transactions, and blockchain-analysis resistance.

The Scala team believes that privacy is a fundamental right for everyone. Scala inherits almost all of Monero’s privacy features, and on top of this, Scala has worked on improving the user experience by working on things like an easy-to-use GUI miner, a wallet web client, and an integrated mobile miner and wallet.

One of the main challenges in blockchain is to ensure the security of the network. The best-known type of attack on typical public proof-of-work (PoW) blockchains is the 51% attack. The goal of a 51% attack is to perform a double spend, which means spending the same UTXO twice. To perform a 51% attack on a blockchain, you need to control a majority of the hash rate, hence the name.

"To address this challenge – and without going too much into the technical implementation details!" The Scala team are currently working on the light delayed-proof-of-work (LdPoW) solution. LdPoW provides off-chain security to our blockchain and possibly others. The LdPoW network is essentially a group of computers communicating to each other and voting for the best chain by assessing them on the public network. This, in theory, can be done for any blockchain without needing to be a part of another blockchain.

Additionally, the Scala team are working on a content delivery network (CDN) powered by IPFS and WebTorrent. They have always been big fans of distributed data storage, and they intend on implementing a novel CDN that uses the aforementioned utilities to build something that can be stable, fast, and secure.

When asked about their motives, MasterMind stated that "We feel like none of the blockchain projects took UX/UI seriously. It’s like it was created for engineers by engineers. We believe we have a unique approach to blockchain by combining privacy, UX, mobile-friendliness, decentralization, and security into one globally scalable ecosystem".

Since the mobile ecosystem is one of the main focuses of the Scala project, they have developed Panthera, a custom proof-of-work algorithm, which is capable of running on any processor, regardless of its architecture, but performs exceptionally well on mobile processors (ARM) compared to Intel/AMD, keeping energy efficiency as a factor.

Many other projects have claimed to provide mobile mining applications, but most of them are airdropping coins to their users through a cloud-based application, without having the user’s device physically mining. Proof-of-work is the heart of the Scala blockchain consensus and they believe it should be made available to all those who want to play a role within our project and who share our vision.

For more information on the Scala Project, visit www.scalaproject.io