No its not as much private . Stealth address provides less privacy as compared with some mixers like tornado cash .
.No we wouldn’t launch our token i don’t see any use case for launching a token in a privacy project ! also we wouldn’t have a dao for cloak its not in our roadmap!
And what do you mean by exploitations in stealth addresses i didn’t understand that!
Yes You are right “By generating new stealth address for each transaction .”
For example i have a question for you ! eg You doing a great job and u getting paid every 1st day of month but the whole world can watch and see your salary how much you are getting paid , bank balance ,receiving dates , records expenses etc . So Would you like it or not ? Obviously you wouldn’t !!! That’s why privacy is important!
Obviously I wouldn’t want the world to know the actual worth of my paycheck but does this means inability to monitor transactions in etherscan or bscscan for instance?
Welcome once again @maaz, its quite interesting how you try to make everyone using blockchain have a sense of privacy once in their life.
If I understand perfectly it can be traced on the blockchain but anyone tracking it will only see the stealth address and not the actual wallet address. (I stand to be corrected)
And wouldn’t this defeat the purpose of watch mode in wallet which indeed to me is a very great tool which inform traders when to buy and when to sell when they see large amounts being moved in and out of a particular wallet under their watch.?
When I compare Cloak’s appearance in season 4 with its appearance this season, I see that you have come a long way. I would like you to have a successful season as well. I already wholeheartedly support you in the builder category. Good luck mate
Thank you @DreamVerser for the support , we are appreciate you checking out the website and yes we will do our best to improve ui/ux and quality of our app even more!
Yeh dude stealth addresses are also wallet addresses but they are newly created addresses which no transaction history before ,so that’s create a shield by hiding your real wallet address from the whole world and allows you to receive funds in newly created address every time(stealth address) You can also have watch mode their. "If it still didn’t give you the answer then feel free to ask again! "
No you can still monitor transaction .For Example your main tron account is manfred.trx or Tm67.And your friends pay you 100 trx every week . But if u get paid in this account so everyone would know that how much you are getting paid each week . Imagine your friend sends you 100 TRX every week in newly created wallet addresses this way the people couldn’t know that how much trx manfred.trx have received , bcz every time you are getting paid a fresh address is created from your cloak address which neither the sender nor anyone can predict but only you know very well that you are receiving your salary every week. the transaction will be their in blockchain but the address is anonymous and doesn’t link to your personal address
Oh you really nailed it with that explanation, was really easy to understand, you did break it down to an extent even a kid in kindergarten could comprehend, thanks!
After reading your forum post I was as much confused as @manfred_jr until I read your response to his question. Now my question would be, since your project has been around from the previous season, can you tell us if you have had a successful transaction performed using the stealth address?
OK thanks but still what I want to know has not been answered. Have you recorded any transaction on the Blockchain using stealth addresses… again aside your team, do you have people using it?