Singapore-based blockchain solutions company, Deviant Coin, has announced the release of its widely anticipated whitepaper for its secure and privacy-focused POS/Masternode network. The whitepaper release comes ahead of the planned release of a Hybrid Decentralized Exchange (DEX) and open-source hardware wallet in the startup’s bid to create an all-encompassing ecosystem for the crypto community.
Unlike most masternode cryptos, Deviant Coin is focused on creating a rewarding ecosystem for its masternodes without the gratuitous control and gatekeeping that often limits the rewards available to node operators. The lightning fast network provides users with stealth addresses for complete anonymity, encrypted messaging for secure communication, low transaction fees, lower confirmation time, and a limited total supply. Deviant Coin has made it its mission to provide a wholesome, private, and secure platform for the the consumption and exchange of cryptocurrencies.
DEVX Hybrid Exchange
Based on the Bitshares blockchain, DEVX is a Decentralized hybrid exchange with a dividend distribution model that rewards coin holders with dividends from trading action on the platform. DEVX’s development is a direct response to the crypto community’s need for a secure and transparent exchange espousing the vision behind decentralization – without sacrificing privacy, speed, or liquidity. The hybrid exchange leverages the strengths of Centralized and Decentralized Exchanges with none of their weaknesses.
DEVX settles all value exchanges instantly on the blockchain for all traded pairs of crypto assets, but takes all non-settlement activities off-chain for finalization. The off-chain engine takes care of the order book creation and matching orders, thus drastically reducing the cost and improving the speed of trades. By settling these value exchanges on-chain, Deviant Coin is developing one of the fastest exchange platforms, offering better performance and more features for users.
Launching the industry’s first Three Factor Authentication system, Deviant Coin will pair its Hardware wallet with DEVX for the most secure user authentication process in the industry. This specialized hardware wallet, which is currently under development, will offer the most secure device for the community and will be readily available to everyone, anywhere in the world.
Deviant Coin is currently available on all major platforms including Windows, Mac, Linux, Android, and iOS. Source code is publicly available on Github.
Deviant Coin has a truly decentralized Masternode structure, unhindered by the superfluous control and intermediaries/gatekeepers on other masternode networks. The network rewards masternode owners with more than 90% of pure PoS Block rewards, ensuring blazingly fast and private transactions with multi-wallet support and encrypted messaging. In turn, users can count on low transaction fees and instantaneous settlement of exchanges due to the constant connection afforded by the masternodes.