What's the DEAL!?

Crypto has been alive and in its infancy since about 2009. There have been many projects seemingly just re-inventing the wheel, which is fine since there have also been improvements along the way, like smart contracts, larger block sizes, cheaper fees, quicker transactions... etc. But it is rare to actually come across a project doing something altogether different or legitimately NEW.

Enter: IdealCash (DEAL)

A quick look at their whitepaper reveals a very aggressive list of coming milestones, which you can find on their website or simply click here The chosen name seems appropriate as they are hitting all the major, or if I may... the most ideal accomplishments.

They seem to be hitting all the right points of interest in today's crypto-sphere. Debit solutions, a Marketplace, a Decentralized Exchange with DEAL pairs. You'll find staking at a whopping 30% annual rate and some impressive privacy features are coming.

**a quick side-blurb on DEAL's staking. They have their staking system set up on a floating reward structure, meaning you get random reward amounts at random times, multiple times a day or a week depending on how much you're staking. This is especially satisfying as you get to experience the staking happen more often instead of waiting weeks or even months for a reward. But what I found most interesting is they are one of only few crypto projects offering a staking mobile wallet.

This may not seem like a big deal, but it kind of is and I'll tell you why. There are many parts of the unbanked global populous who have wider access to smart phones than actual computers. Being able to store their crypto safely on a mobile platform and still earn staking rewards is an incredible incentive and an incredible opportunity that, until DEAL, was only ever available to desktop wallet users. So keep an eye on that.

I mentioned privacy features earlier and I want to come back to that. I caught up with some of the core members because privacy coin seems to be thrown around loosely in crypto, so I wanted a better understanding of how they planned to achieve legitimate privacy. Here was the response:

"...for the privacy zerocoin integration into PYRAwallet that will be out late Q4 of 2018.

What does zerocoin protocol do?

Once we code "zDEAL" for PYRAwallet it provides is a protocol-level coin mixing service using zero knowledge proofs to sever the link between the sender and the receiver with 100% anonymity and untraceability. This means that each coin that gets sent using zDEAL is now 100% fungible as it has no determinable history attached to them.
The use of zDEAL also means your balance can be masked to avoid being targeted by potential thieves.

zDEAL accumulators are encrypted using RSA-2048[1] challenge generated keys which negates the need for a developer trusted setup and means that no individual knows the factors. This means that everyone’s privacy is ensured through the use of zDEAL.

HOW ANONYMITY IS ACHIEVED

Mint (convert) your DEAL into zDEAL denominations. (Wallet auto-mints some by default)
Spend (send) your zDEAL as DEAL to any internal or external DEAL wallet address
Essentially the zerocoin protocol pools (thus combines) all the zDEAL that people have converted (minted) from their DEAL balance into set denominations and uses them to send when a spend is initiated. Keep in mind that the pooling does not mean that everyone’s zDEAL is stored in a centralized location. Rather, the public ledger (decentralized blockchain) keeps track of how many zDEAL are created.

When you want to send (spent) some zDEAL amount to a DEAL address, your wallet sends a zero-knowledge proof to the blockchain that allows the zDEAL to be converted back to DEAL and sent to the target address all in a single step.

Since zDEAL spending creates brand new coins if a spender can provide zero-knowledge proof that she has coins in the accumulated pool (accumulator), the coin’s transaction history from its previously associated addresses become unlinked and thus results in an untraceable transaction..." Hopefully that clears up that questions or at least is technical enough for you to smile and nod with a complimentary "...sounds good to me..."

At any rate, the ultimate point is this... They have a very active community, some hard-working developers, and at less than 5 satoshi (at the time of writing) you have the opportunity to get into a growing project at NEARLY the beginning.

Take a quick stop to their telegram channel here: https://t.me/IdealCashCryptoCurrency and you'll a great community of excited crypto enthusiasts seeping with excitement about the future of this project. Their giddy optimism is encouraging and dare I say contagious...

You can pick up IdealCash at the following exchanges:
ICQBase.com

They recently achieved the required number of upvotes to be added to next.exchange, so you'll be able to trade their soon also.

All the best of luck to IdealCash as you venture to conquer your niche and chart new waters. You're in good company.

*This is not financial advice. This is merely my assessment and opinion. Please always do your own research. Please don't invest more than you can afford to set on fire, diversify to protect yourself... and DO follow me on twitter for encouraging updates and more technical analyses on more up and coming projects. @_Crypto_Life