Learn more about TokenPay.
When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of TokenPay.
TokenPay’s vision is to create a blockchain-based bank, with all the aspects of cryptography and security that the technology brings. Their cryptocurrency will utilize dual-key stealth adresses. These types of addresses allows the user to display or share their adress publicly, however, any transaction made to or from the adress cannot be linked back to it.
The blockchain will operate with a proof-of-stake consensus algorithm. Meaning that anybody locking their reserve of coins in to prove their loyalty, will be rewarded an annual 5% yield. What really differentiates TokenPay from other so-called anonymous cryptocurrency networks, is that they will employ the Tor network for maximum security and anonymity. Consequently, this network, with both Tor and Dual-Key implemented, has a very serious take on what anonymity really means.
Tone Vays Controversy
Early in July, Litecoin and TokenPay decided to announce a partnership together. The main reason being that TokenPay can utilize Litecoin’s large community and Litecoin have much use for the anonymous debit card structure that TokenPay will offer the market. One person that didn’t approve of this publicly was famed crypto investor “Tone Vays” or Anthony Vaysbord as his real name is. See his public outcry on twitter here.
TokenPay responded swiftly, saying: “Never heard of ‘Toney Vays’ (Anthony Vaysbord) until we got attacked out of the blue with ridiculous allegations which we will be addressing today at 3pm EST on a YouTube livestream. But first research on this guy brought up this post shilling BITCONNECT. Lawyers dealing with this.”
Tokenpay seems like they are taking the privacy and anonymity aspect very seriously. Many people and experts argue that they are even tackling some problems that Bitcoin can never adress. At the time of writing this article, the TokenPay->BTC rate is nearly what it was at the time of ICO, so this coin seems to be resilient to major market fluctuations.