PRCY Coin (PRCY) is a privacy blockchain focused on security, scalability, and complete privacy. The PRCY protocol is built on a fully anonymous pledged coin and payment system with a trustless governance structure based on the latest privacy technology.
PRCY aims to provide the necessary tools to store and use funds in the best possible way without compromising privacy. Therefore, the team developed PRCY, a completely anonymous cryptocurrency. The platform also pays great attention to developing new features and the signing of new partners. The platform believes that a successful project needs a solid community to rely on and from which new ideas to improve the project can emerge.
PRCY is a secure, scalable privacy blockchain that includes the ultimate privacy features. PRCY is a fully anonymous staking token and payment system. PRCY includes advanced privacy technologies such as Bulletproof, Haprocates Protocol, Forced Stealth Addresses and Transactions, RingCT, and Ring Signatures in the staking chain. PRCY is used to stake, run master nodes, and mine PoA blocks. In PoA, the right to generate new blocks is granted to nodes that have proven that they have the right to do so.
PRCY requires at least 2,500 PRCY to start staking. The staking wallet (currently desktop only) must be running, connected to the internet, fully synced with the blockchain, and unlocked to activate staking. The PRCY master node system is modeled after the PIVX master node system. This has many benefits, including preventing 51% of attacks unless the proof-of-stake and master node layers are compromised at the same time.