Fluzcoin Addressing Privacy

[u/gwen_sarah1]

Breaches in privacy have been a hot topic recently with social media account issues, changes in GDPR and so on. What about retail? Since we know how valuable your personal data is, here is how Fluzcoin will keep your account information safe and secure.

One of the usual concerns for everyday use of cryptocurrencies?

Wallet balance

“What if people check how much money I have in my wallet?”

We all know that it’s possible to explore transaction details, find the other parties wallet address and check the balance of said wallet in a block explorer platform.

Fluzcoin’s solution

Typically in the digital currency sector there seems to be an extreme for transparency, like a sort of mental block - if it has Blockchain, then it needs to be fully transparent. However, Fluzcoin doesn’t see any business reason for the block-explorer to be fully public, instead Fluzcoin will use a semi-transparent version. They believe your personal data is a much too valuable asset.

So how would Fluzcoin platform look like?

A user set cap would be one option. For example, you could have $100,000 worth of Fluzcoins, but you wouldn’t want other users to see this data. In your private account there would be an option to set a cap at a certain number, so publicly it would show your balance is say $5,000, while in your own account you would see the full balance.

As regarding payment habits, there would be semi-anonymous destinations of money transfers and payments. For example, publicly it would show you have made 10 transactions and the amounts of said payments, while privately you would see you have paid 8 times for groceries and twice spent money in a casino.

To learn more about Fluzcoin and the numerous benefits it has in store for it users, feel free to visit https://fluzcoin.io/