Voucher-Safe

SilentVault launches aiming to ‘silence the blockchain’

Julia Dixon on August 25, 2014

The new technology was developed to provide peer-to-peer payments and exchanges with anonymity among a growing variety of asset classes. SilentVault is a wallet application which allows the user to bring in Bitcoin or Litecoin, spend them as Silent Bitcoin or Silent Litecoin, and thereby silence the block chain on their original crypto-coin. Other currencies have been developed into SilentVault assets, such as Silent Silver.

SilentVault is a Voucher-Safe based technology. What you hold and trade with your SilentVault wallet are vouchers representing assets, not the assets themselves. While this is obvious for gold or silver, which are not digital assets, the distinction is important for bitcoin. The wallet contains vouchers, which are cryptographically signed digital bearer certificates analogous to coins. It also holds receipts for incoming or outgoing payments, which provide a downloadable (and deletable) transaction history.

The SilentVault website details the important differences between a SilentVault wallet and a regular crypto-currency wallet.

In the Voucher-Safe system, assets are held by trusted voucher Issuers. Some information on backing assets can be found here. However, out of what I imagine is a perceived necessity, there is little information available on Issuers or those behind the technology.

SilentVault is a virtual enterprise operated by technology and business professionals with a total of five decades experience in digital currency systems. The user agreement for all users of SilentVault, including the SilentVault team members, prevents us from disclosing names, addresses, and other particulars.

This technology is aimed at the privacy conscious who want to use crypto-currencies without the public record on the blockchain and those who have been waiting for the next generation of digital gold currencies.

A wealth of information on the functioning of the wallet can be found via the wallet’s website.

Voucher-Safe, a Next Generation Digital Currency – Part III

Julia Dixon on March 13, 2013

Part I looks at the motivation behind Voucher-Safe, the evolution of digital currency and how Voucher-Safe transactions work.

Part II examines the Voucher-Safe economy, trust, security and software.

This final part looks at Voucher-Safe’s interaction with Bitcoin, Issuers and OnionPay.

Voucher-Safe, a Next Generation Digital Currency – Part II

Julia Dixon on January 8, 2013

Part I looks at the motivation behind Voucher-Safe, the evolution of digital currency and how Voucher-Safe transactions work.

In this part we examine the Voucher-Safe economy, trust, security and software.

Voucher-Safe, a Next Generation Digital Currency – Part I

Julia Dixon on November 20, 2012

Digital Gold Currency is a fantastic idea. Gold enjoys thousands of years of history as an excellent currency and store of value. It is a form of money that is constantly chosen by the market and that needs no legislation to support its value. Gold is stable, solid and cannot be pulled out of thin air. With modern technology gold can be used as a currency online without any more effort than it takes to check your email. Brilliant!

But as DGC’s were starting to take off and be recognized for their many benefits, the rug was pulled out from under the industry with the prosecution of e-gold. The old DGC business model is centralized and vulnerable to seizure, censorship and prohibitive regulation.

The Voucher-Safe system allows for a more decentralized, Anti-Money Laundering compliant way to anonymously exchange value. It’s DGC 2.0, a more flexible and resilient system where anything can be money. “The idea behind voucher-safe is that it isn’t about making just one thing money. Money can be gold, it can be existing national fiat currencies, it can be bitcoins, it can be silver, it can be anything of value that people want to exchange.”