TokenPay - The World's Most Secure Coin

TokenPay is a decentralized and self-verifying payment platform project. Based entirely on mathematics it is designed to enable secure transactions between multiple parties. With maximum user security as the focal point, the system is accessed exclusively through the encrypted Tor Browser. Transactions are conducted with its own proprietary and untraceable cryptocurrency called TPAY that is embedded with the latest and most advanced safety features. These characteristics include a stealth addressing system, encrypted messaging, completely anonymous trading and a uniquely designed hashing algorithm that enables fast and secure transactions under any conditions.

The TokenPay Project

TokenPay is a blockchain project that incorporates Bitcoin cryptographic technology with advanced security and privacy features. Additionally, TokenPay is building out a platform that combines banking and a closed-end private exchange. This enables wider adoption of the coin via consumer and merchant services. Developing a TokenPay coin and the infrastructure to support its everyday seamless use is a crucial step.

Why did TokenPay base its Blockchain off of Bitcoin ?

In 2008, Satoshi Nakamoto released the whitepaper and source code of the Bitcoin blockchain. Nakamoto’s goal was to create a digital currency. One which was not centralized by a government or a federal reserve. It is open source and allows other cryptographers to improve upon the code. As of 2017, various developers have produced many different cryptocurrencies. All claim to have superior technology. However, Bitcoin still dominates the market. Nevertheless, the risk of newer blockchains are prone to security and privacy risks. This is a risk TokenPay is not willing to assume given the critical nature of the application. TokenPay has combined the most secure privacy and security features ever released by leveraging its unique blockchain with a combination of the core Bitcoin source coupled with legacy proven, secure and privacy-focused features.

Two Fundamental Differences between TPAY and Bitcoin

• TokenPay is a Proof-of-Stake system, whereas the Bitcoin network is powered by inefficient Proof-of-Work mining.
• TokenPay incorporates additional security and privacy features that are not included in the original Bitcoin blockchain source code.

Proof-of-Stake is Superior to the Proof-of-Work Mining System

Proof-of-work or PoW is a capital-intensive process to earn Bitcoin. Any entity with the right equipment and knowledge of blockchain can “mine” or earn Bitcoins. The process to mine bitcoin consists of acquiring expensive computers or “mining equipment” that uses the processing power of graphics chips and electricity to solve advanced mathematical puzzles.

When puzzles are solved, the computers confirm transactions that allow it to earn Bitcoin as its reward. In 2017, the cost of mining a single Bitcoin reached over USD $1000. As fewer Bitcoins are being made available as rewards the costs will only escalate as mining competition intensifies.

Proof-of-Stake or PoS is a newer form of mining that is referred to as forging. Coins are earned as a function of and by virtue of being held continuously in a digital wallet. PoS is an energy efficient way to earn coins because no specialty mining equipment is needed. All that is required is for the user to have a desktop, laptop or mobile device. The network of processors creates a decentralized mining system. This allows an extension of the blockchain by the user that stakes or holds coins in a wallet. In order to earn additional coins, the user must simply keep the corresponding wallet open. For instance, if a person has a TokenPay wallet running on desktop, the wallet is allocating a percentage of the available processing power to enable the decentralized network to complete a blockchain. The person is then rewarded in additional TPAY coins for allocating processing power to the system.

TokenPay will only have a total of 25 million coins ever produced. This is unlike a centralized fiat currency system where money supply can be increased by human decision. TokenPay is fostering a strong user driven community by allocating 25% of the total coins produced for Proof-of-Stake rewards. The TPAY rewards are given at a distribution rate of 5% per year. Rewards are pro-rated and distributed on a daily basis. A typical user with 100 TPAY in a TokenPay branded wallet will receive 5 coins per year or 0.0137 TPAY per day.

TokenPay Vision

TokenPay is in negotiations to form a new bank charter, acquire a bank or partner with a 20 year old bank, in an attractive, privacy-driven jurisdiction. In addition to cryptocurrency holder consumer benefits, TokenPay plans to introduce a complete suite of merchant services through the robust TokenPay banking platform. All billing and fees collected will be denominated in the TPAY digital token, which has already been thoroughly tested and developed. TPAY is an ultra-privacy coin that is functionally superior to Bitcoin in many ways. It contains several unique features such as multi-signatures, ring signatures, dual-key stealth addresses, ZK proofs (zero-knowledge), along with a fully encrypted and decentralized Tor network integration. TPAY is the backbone of TokenPay’s fundamentally core cryptocurrency-friendly banking integration.

Six Features TokenPay

Multi-Signature Transactions

Standard transactions on the TokenPay network could be called “single-signature transactions,” because transfers require only one signature — from the owner of the private key associated with the TPAY address. However, the TokenPay P2P network supports much more complicated transactions that require the signatures of multiple people before the funds can be transferred. These are often referred to as M-of-N transactions. The idea is that TPAY coins become “encumbered” by providing addresses of multiple parties, thus requiring the cooperation of those parties.

Ring Signatures

In cryptography, a ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members' keys were used to produce the signature.

Dual-Key Stealth Addresses

These addresses are different from the standard addresses commonly used in cryptocurrencies and allow for better privacy. A dual-key stealth address can be shared publicly by the recipient yet any transaction made out to this address cannot be linked back to it.  When the stealth address has been revealed to the payer(s),  it will enable the payee to receive infinite unlinkable payments. Meaning that each payment to a Stealth address computes a new unused normal address on which the funds ought to be received, any eavesdropper will be unable to link the two addresses.

TPAY combines these features available to make the user experience a private and secure one.

Zero-Knowledge Proof

In cryptography, a zero-knowledge proof or zero-knowledge protocol is a method by which one party (the prover) can prove to another party (the verifier) that a given statement is true, without conveying any information apart from the fact that the statement is indeed true.

If proving the statement requires knowledge of some secret information on the part of the prover, the definition implies that the verifier will not be able to prove the statement in turn to anyone else, since the verifier does not possess the secret information.

Tor Network Integration

Tor is a distributed overlay network designed to anonymize low-latency TCP-based applications such as web browsing, secure shell, and instant messaging. Clients choose a path through the network and build a “circuit'', in which each node (or onion router) in the path knows its predecessor and successor, but no other nodes in the circuit. Traffic flowing down the circuit is sent in fixed-size "cells," which are unwrapped by a symmetric key at each node (like the layers of an onion) and relayed downstream.

TokenPay SCI or Secure Communication Interface

TokenPay has incorporated a peer-to-peer encrypted instant messaging system using algorithms to maintain private conversations when using the TokenPay wallets.

All of the messages sent and received are encrypted by the proven AES-256-CBC algorithm and distributed between nodes in such a way as to prevent the recipient's messages from being hacked or viewed by anyone that it was not intended to, even if the hacker can view the entire network and/or run nodes of the network.

To reduce significantly the risk and inconvenience of sharing passwords, we implemented the proven and trusted method of Elliptic Curve Diffie-Hellman or also known as an ECDH key exchange. This level of encryption is at the same level as what governments use for top secret files.

Roadmap

2015 Q4

eFin . com beta version of the platform was launched in autumn 2015.

2016 Q2

Partnership with USTOCKTRADE and London Stock Exchange Tony Weersinghe.

Feature Presentation at the Fintech MIT Conference.

2016 Q4

Due to the tremendous user demand for blockchain assets, the founders shifted focus on cryptographic technology.

Presents the corporate headquarters in the British Virgin Islan privacy jurisdiction.

2017 Q1

The world class onboard team dev to build a safer and untraceable version of Bitcoin.

The integration of proprietary Tor network coin technology,

Built-in Stealth and Encrypted Messaging messaging system.

2017 Q2 

Launched Multi-Signature Transaction Engine, Released Linux, Windows, MacOS and Paper Wallets.

2017 Q3

Agree to get established bank, Added Ring Signature feature for TPAY blockfain.

Zero-Knowledge Proof advanced automation is added.

2017 Q4

Remove the TokenPay Token Sale Whitepaper.

2018 Q1

Completion of Token.T sales

add TPAY to the stock exchange.

TPAY Apple iOS Mobile Wallet.

Completion of Bank Integration due diligence

2018 Q2

TokenPay site launched for commercial use.

Complete acquisition or partnership from the Bank.

P2P multi-screen payment platform.

Application of global merchant services available.

2018 Q3 OR Q4

BlueDiamond debit card sent to account holder

2019

TokenPay Bank to expand into new areas within APAC

Team

Advisors

For More :

Website        : https://goo.gl/fydYHW

Whitepaper  : https://www.tokenpay.com/whitepaper.pdf

Facebook     : https://www.facebook.com/tokenpay

Twiter          : https://twitter.com/tokenpay

Telegram     : http://telegram.me/tokenpay

My Profile Bitcointalk  : https://bitcointalk.org/index.php?action=profile;u=1274612