Digital cash for the internet.
Privacy through non-existence.
Value must be transferable, verifiable, scarce, and consensual. Traditional blockchains satisfy these requirements by recording every transfer in a permanent public ledger, creating unavoidable privacy tradeoffs.
Ghost Protocol enables the digital equivalent of cash: a bearer instrument with no transfer ledger. Whoever holds the secret owns the value. The chain records commitments and one-time reveals, never transfers. Ghostcoin demonstrates this by securing real value on the Umbraline network.
What Makes Ghostcoin Different
Bearer Ownership
Ownership is defined by possession, not accounts. Whoever holds the secret controls the value.
No Transfer Ledger
Ghostcoin does not create a public history of transfers. The chain records commitments and one-time reveals only.
Removable by Design
Ghostcoin can leave the network entirely. It can be held offline without ongoing blockchain interaction.
Digital Cash Properties
Ghostcoin is the first live application of Ghost Protocol. It demonstrates that bearer-based value can be transferred without a transfer ledger while remaining verifiable and secure.
Bearer Instrument
Ownership is defined by possession of a secret. No registration, no accounts, no identity required.
No Transfer Ledger
Value moves by transferring secrets. The chain records commitments and one-time reveals, never transfers.
Provable Scarcity
Each commitment can be revealed only once. Double-spending is prevented cryptographically.
Censorship Resistant
Value cannot be frozen or seized because ownership is not tied to accounts or identities.
How Ghostcoin Is Different
Compared to Privacy Coins
- -Zcash encrypts data that is still stored on-chain
- -Monero obscures transactions using decoys
- -Mixing protocols attempt to break transaction links
- -Ghostcoin removes transfer data entirely
Compared to Stablecoins
- -Transfers are recorded permanently and publicly
- -Full transaction histories remain visible
- -Ghostcoin has no transfer ledger, only commitments and one-time reveals
Compared to Traditional Privacy Systems
- -Encrypted data remains stored and recoverable
- -Hidden data can be exposed over time or through key compromise
- -Non-existent data cannot be revealed because it was never recorded
What Ghost Protocol Enables
A commit-once, reveal-once primitive that lets value and data exist without accounts, balances, or permanent records.
One-Time Value Transfer
Transfer value like cash. No trail, no history, no reversals.
Private Credentials
Prove you hold a credential without revealing which one is yours.
Sealed Disclosures
Commit information now and reveal it later with cryptographic finality.
Irrevocable Access
Issue access tokens that cannot be revoked or reused after creation.
Offline Value
Store and transfer value on devices that work without network connectivity.
Non-Existence Privacy
Data that cannot be leaked because it was never recorded.