The full name of DAPS is "Decentralized Anonymous Payment System", that is, "distributed anonymous payment system", which aims to become a new privacy standard for altcoins. DAPS plans to reform and disrupt the blockchain world by integrating existing, successful, and stress-tested protocols into an unprecedented private package. The DAPS chain will feature Staking, Masternodes, Full Obfuscation (such as: RingCt, Tor node protection, Stealth addresses) and a special workload algorithm called Proof-Of-Audit (POA). The DAPS token hopes to introduce a new standard of trustless governance that can be extended to other chains. As an international project, DAPS is committed to building the DAPS token main network and expanding the cryptocurrency to the mass market.

Project Introduction

DAPS aims at a decentralized anonymous payment system and is the world's first completely private trustless blockchain. The DAPS program is to revolutionize and revolutionize the blockchain world by incorporating stress-tested protocols into a premier privacy package through previous successful cases. The DAPS Project is a global organization dedicated to building and expanding financial privacy for the masses. DAPS Coin adopts the best technology of Dash and Monero, and is the first privacy chain with master node, POS, unique consensus PoA mechanism. Aimed at large corporations interested in encryption and a strong privacy layer.

Technical Highlights

Not all anonymous currencies are truly private. According to them, node owners could theoretically collude with each other to run off-chain nodes regardless of the anonymous blockchain. This means that coins will be created indefinitely. DAPS is defined as a privacy blockchain, which allows transactions in the network to be completely confidential.

All transactions are recorded on the blockchain, but no third party can retrieve and check that information.

• The sender's transaction is completely disrupted.
• Recipient's transaction: upon receipt, no third party can recover and know the identity of the recipient and sender except for the generated public key.
• No one knows the total transaction volume except the original sender and receiver.

In this hybrid blockchain structure, different types of blocks are mined together.

•The first 500 blocks will be mined by the DAPS Foundation using the PoW mechanism.
• Starting from the 501st block, the process of creating DAPS coins will be completed by combining PoS and PoA mechanisms. In particular, let the nodes continue to create coins using the PoS mechanism, which will create 1 Block per minute.
• PoA creates 1 block within 1 hour. The meaning of PoA is to use external factors to verify the function of the system to ensure its normal operation.

When the audit correctly reaches 59 Block PoS, PoA miners will be rewarded to motivate the next audit.
1 block has 1,000 DAPS. Specifically, 900 DAPS for mining (PoW) and PoS, and 100 DAPS for PoA.

Related links:

https://bihu.com/article/1774566614
https://coin98.net/zh-CN/daps%E4%BB%A4%E7%89%8C/