Loki coin creates privacy tools that enable untraceable, secure transactions and anonymous communication.
WHAT IS LOKI?
Loki is a privacy network which allows users to transact and communicate privately over the internet, providing a suite of tools to help maintain the maximum amount of anonymity possible while browsing, transacting and communicating online.
Although a full-node incentives scheme could be implemented on top of any cryptocurrency, Loki uses the Monero source code because of the high level of privacy it affords to transactions. Monero is an evolution on the CryptoNote protocol, which uses ring signatures, stealth addresses, and RingCT, giving users the ability to sign transactions and obfuscate amounts while maintaining plausible deniability.
Similar to the investment that miners make into hardware, each Service Node operator freezes Loki coins when they begin to operate a Service Node. This frozen capital serves two purposes.
1. Every Service Node operator has a sufficiently large stake in the success of the network. Should any Service Node operator provide poor performance to the network, or act dishonestly, they undermine and risk devaluing their own stake within the network.
Loki price today is $0.769790 USD with a 24-hour trading volume of $181,871 USD. Loki is up 0.91% in the last 24 hours. The current CoinMarketCap ranking is #179, with a market cap of $40,087,094 USD.